Elon

Elon Musk

<ul class="list-ic vertical">
 <li>1 <a>Vitalik Buterin praised prediction markets and community notes in his latest tweet.&nbsp;</a></li>
 <li>2 <a>Even X chairman and CTO Elon Musk agrees with Buterin’s thoughts.&nbsp;</a></li>
 <li>3 <a>Find out whether Ethereum will launch its version of Community Notes or not.&nbsp;</a></li>
</ul>
A computer scientist’s son, Vitalik Buterin has always been interested in technology. He has been interested in programming, economics, and mathematics. Bitcoin lacked a scripting language, which encouraged Vitalik to create Ethereum.&nbsp;
Buterin’s invention, “Ethereum,” played a crucial role in establishing the crypto industry. Now, he believes prediction markets and community notes are two critical innovations of this era.
The millionaire inventor considers both technologies as democratic and truth-seeking in his July 2nd tweet. What does that X post indicate about Ethereum’s future plans, and why is Buterin endorsing them? Keep reading to find the answers.&nbsp;
<h2 class="wp-block-heading" id="strong-vitalik-buterin-wants-to-see-more-things-like-community-notes-and-prediction-markets-strong">Vitalik Buterin Wants to See More Things Like Community Notes and Prediction Markets!</h2>
Buterin often shares his thoughts regarding improving the crypto industry on X (formerly Twitter). In his July 2nd tweet, he wrote, “Prediction markets and community notes are becoming the two flagship social epistemic technologies of the 2020s.”&nbsp;
This statement highlights Buterin’s trust in prediction markets and community notes. Many verified X users with a considerable number of followers seemed aligned with the Ethereum co-founder’s thoughts.
<center>
 <blockquote class="twitter-tweet">
 Prediction markets and Community Notes are becoming the two flagship social epistemic technologies of the 2020s. Both truth-seeking and democratic, built around open public participation rather than pre-selected elites. I want to see many more things like this.— vitalik.eth (@VitalikButerin) <a href="https://twitter.com/VitalikButerin/status/1808092065483436481?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 2, 2024</a>
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Vitalik praised community notes and prediction markets as democratic and trust-seeking. He added, “I want to see many more things like this.” So, what does it mean? Can Ethereum soon launch a more decentralized version of community notes?
<h3 class="wp-block-heading" id="strong-understanding-prediction-markets-and-community-notes-strong">Understanding Prediction Markets and Community Notes</h3>
Vitalik Buterin has always promoted decentralization. He even addressed issues associated with Ethereum’s decentralization in a blog he wrote on May 17, 2024.&nbsp;
He shared that smart protocol designs and upgrades can address several concerns related to Ethereum’s centralization.
<center>
 <blockquote class="twitter-tweet">
 Grats <a href="https://twitter.com/dankrad?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@dankrad</a> <a href="https://twitter.com/peter_szilagyi?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@peter_szilagyi</a> you got me to interrupt my work on EIPs and make a twitter response that turned into an unscheduled poast <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f600.png" alt="😀" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://t.co/mmVaiEV68K" rel="noopener noreferrer nofollow">https://t.co/mmVaiEV68K</a>— vitalik.eth (@VitalikButerin) <a href="https://twitter.com/VitalikButerin/status/1791487840410292349?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 17, 2024</a>
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Now, his tweet in support of community notes and prediction markets indicates that Buterin values people’s opinions.
A prediction market operates as a trading platform, allowing users to buy/sell contracts based on certain events’ expected outcomes. Participants can pick topics related to pop culture, economics, technology, weather, and more.
Community Notes is a feature Twitter (Now X) introduced in 2021. It emerged as a community-driven program for moderation. X users have used it to share informative and helpful context and assess users’ opinions about certain topics/things.
Buterin, prising these two things as “flagship social epistemic technologies,” shows he might support a decentralized version of those technologies.
Will <a href="https://www.thecoinrepublic.com/2024/07/06/ethereum-price-bounces-back-can-3500-be-the-next-stop-for-eth/" target="_blank" rel="noopener noreferrer nofollow">Ethereum </a>provide its community with decentralized community notes and prediction markets? It is unclear, but the crypto community will welcome this effort.&nbsp;
<h3 class="wp-block-heading" id="strong-how-did-x-users-respond-to-buterin-s-thoughts-strong">How Did X Users Respond to Buterin’s Thoughts?</h3>
Being the co-founder of the world’s most popular blockchain network, Vitalik Buterin has gained over 5.3 million followers on X. He is an active X user and pays attention to the latest trends in the crypto community.
When writing, Vitalik’s X post about community notes and prediction markets support got over 873K views, 1.1K replies, 1.9K Retweets, 11K likes, and 726 bookmarks.
Billionaire SpaceX CEO “Elon Musk” also replied to Buterin’s tweet with a “Yeah”. Probably, because Musk also believes in a democratic and decentralized approach.
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 <blockquote class="twitter-tweet">
 Yeah— Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1808169246783840507?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 2, 2024</a>
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Robert Sasu (@SasuRobert), a MultiverseX core developer, replied:
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 <blockquote class="twitter-tweet">
 The Truth Machine. Decentralised, permissionless, open by construction.— Robert Sasu (@SasuRobert) <a href="https://twitter.com/SasuRobert/status/1808093223312597288?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 2, 2024</a>
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Another user, Wise Advice (@wiseadvicesumit), seemed to agree with Buterin and praised Musk for community notes.&nbsp;
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 <blockquote class="twitter-tweet">
 Absolutely, and all thanks to <a href="https://twitter.com/elonmusk?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@elonmusk</a> for community notes and helping people to know the truth rather than just manipulative data or content.— Wise Advice (@wiseadvicesumit) <a href="https://twitter.com/wiseadvicesumit/status/1808097064313557238?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 2, 2024</a>
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That X post from Vitalik Buterin gained massive support from the crypto community and other X users.
<h4 class="wp-block-heading">Disclaimer</h4>
In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.

Vitalik Buterin Advocates 2 Flagship Social Epistemic Technologies Of The 2020s

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