Ethereum

2024

<ul>
 <li aria-level="1">Vitalik Buterin highlights decentralization as essential, advocating for user-owned devices amidst advancing crypto and IoT integration.</li>
 <li aria-level="1">Balaji envisions an Internet of Artificially Smart Things, emphasizing private keys as the foundation of user empowerment.</li>
</ul>
In a recent discussion on X, <a href="https://x.com/VitalikButerin/status/1871857714298769882" rel="noopener noreferrer nofollow">@VitalikButerin</a> and @balajis explored the future of smart technology and the importance of user sovereignty. The conversation began with Balaji’s vision of an “Artificially Smart Internet of Things,” where every object could communicate, store memories, and coordinate tasks autonomously under the control of its owner using private keys.&nbsp;
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 &gt; their owner (who holds the private keys).
 This is not the default outcome. We have to explicitly strive for it.
 — vitalik.eth (@VitalikButerin) <a href="https://twitter.com/VitalikButerin/status/1871857714298769882?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">December 25, 2024</a>
</blockquote>
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However, Vitalik Buterin <a href="https://www.ethnews.com/vitalik-buterin-talks-about-the-future-of-defi-on-ethereum-why-fx-guys-fits-the-bill/" rel="noopener noreferrer nofollow">offered a more cautious perspective</a>, emphasizing that such a reality is not guaranteed. “This is not the default outcome. We have to explicitly strive for it,” he stated, underlining that achieving true decentralization requires a deliberate effort.
@binji_x joined the conversation, expanding on the concept of decentralization as the core goal for Ethereum. He described this ambition as the “North Star” for the platform:&nbsp;
<blockquote>
 “To create a sovereign user-owned future for all money and technology. Decentralization as the default outcome. No compromises.”&nbsp;
</blockquote>
This declaration reinforces the idea that decentralization must be the guiding principle, with no room for concessions.
Vitalik Buterin further elaborated on the broader implications of these technological developments, stating, “Everything that we are doing in crypto is only one part of a larger story.” His comment highlights the need to view technological progress not in isolation but as part of an interconnected framework involving biological, cybernetic, and technological advancements.&nbsp;
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 &lt;d/acc&gt;
 Everything that we are doing in crypto is only one part of a larger story. <a href="https://t.co/dTlnCHQUDd" rel="noopener noreferrer nofollow">pic.twitter.com/dTlnCHQUDd</a>
 — vitalik.eth (@VitalikButerin) <a href="https://twitter.com/VitalikButerin/status/1871908235214832087?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">December 25, 2024</a>
</blockquote>
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He included an illustration to emphasize the integration of these fields, suggesting that a holistic approach is essential for understanding the full scope of innovation.
The thread ultimately emphasizes the importance of empowering individuals in the digital age. As technology continues to advance, ensuring that users maintain control and privacy over their devices and data is critical. 
This ongoing conversation highlights the urgent need for a user-driven approach in the development of <a href="https://www.ethnews.com/vitalik-buterin-reveals-the-future-of-ethereum-technology-at-devcon-2024/" rel="noopener noreferrer nofollow">smart technologies</a>, ensuring that sovereignty remains in the hands of those who use them.
By focusing on <a href="https://www.ethnews.com/vitalik-buterin-stresses-importance-of-verifiability-in-ethereums-ongoing-development/" rel="noopener noreferrer nofollow">decentralization</a>, privacy, and user control, this dialogue shines a light on the path toward a future where smart devices and technology align with the principles of user empowerment and digital sovereignty.
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Ethereum’s current price stands at $3,311.29 USD, marking a slight decline of 0.88% over the past 24 hours. The price range during this period has fluctuated between $3,300.09 and $3,429.70 USD, showcasing moderate volatility.
Over the past day, Ethereum has seen a trading volume of $25,312,119,040 USD, reflecting a 28% increase, which indicates heightened trading activity.
On the technical front, Ethereum’s immediate resistance level is at $3,429 USD, with key support around $3,300 USD.
The post <a href="https://www.ethnews.com/vitalik-buterins-warning-achieving-true-decentralization-in-the-era-of-smart-technology-and-crypto/" rel="noopener noreferrer nofollow">Vitalik Buterin’s Warning: Achieving True Decentralization in the Era of Smart Technology and Crypto</a> appeared first on <a href="https://www.ethnews.com" rel="noopener noreferrer nofollow">ETHNews</a>.

Vitalik Buterin’s Warning: Achieving True Decentralization in the Era of Smart Technology and Crypto

ETHNews

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