Vitalik Buterin

advantage blockchain secure trust paradox

"The main advantage of blockchain technology is supposed to be that it's more secure, but new technologies are generally hard for people to trust, and this paradox can't really be avoided."

— Vitalik Buterin

bitcoin scripting application

"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."

— Vitalik Buterin

society complexity cheating easy police understand

"As society becomes more and more complex, cheating will in many ways become progressively easier and easier to do and harder to police or even understand."

— Vitalik Buterin

smart contract digital assetformula data blockchain

"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

decentralised database security incentives

"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

Vitalik Buterin - technology automate worker blockchain center

“ Whereas most technologies tend to automate workers on the periphery doing menial tasks, blockchains automate away the center."

— Vitalik Buterin