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Vitalik Buterin Quotes


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Quotes by Vitalik Buterin

Showing 11-20 of 30 Quotes by Vitalik Buterin

A smart contract is a mechanism involving digital assets and two or more parties, where some or all of the parties put assets in, and assets are automatically redistributed among those parties according to a formula based on certain data that is not known at the time the contract is initiated.

~Vitalik Buterin

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I think people don't realise that running a piece of code that verifies some conditions for a financial transaction, that by itself is a lot less work than verifying a cryptographic signature, and so even if the virtual machine is inefficient, the cryptographic signature is still going to dominate.

~Vitalik Buterin

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You could imagine something like a completely automated system for renting bikes that's just done completely over blockchain crypto-payments. And theoretically just sort of start it up, and it works completely autonomously.

~Vitalik Buterin

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Giving users easy access to many different kinds of digital assets on the blockchain and, particularly, tokens that are linked to assets in the real world, is crucial to seeing blockchain adoption reach the next level, and I applaud Digix Global's initiative in being the first of many such projects to successfully launch.

~Vitalik Buterin

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The technical side of Ethereum's efficacy is 100% an engineering exercise.

~Vitalik Buterin

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I generally support just about every secession attempt that comes along. If, in the future, there is that kind of a dispute in Ethereum, I'd definitely be quite happy to see Ethereum A go in one direction and Ethereum B go the other.

~Vitalik Buterin

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Some bitcoin users see the hard fork as in some ways violating their most fundamental values. I personally think these fundamental values, pushed to such extremes, are silly.

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Bitcoin is great as a form of digital money, but its scripting language is too weak for any kind of serious advanced applications to be built on top.

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In general, signalling theory says that if you have a good way of proving something and a noisy way of proving something, and you choose the noisy way, that means chances are it's because you couldn't do the good way in the first place.

~Vitalik Buterin

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In order to have a decentralised database, you need to have security. In order to have security, you need to - you need to have incentives.

~Vitalik Buterin

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Biography

Nationality: Russian

Type: Businessman

Born: January 31st, 1994

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