Vitalik Buterin, the ethereum co-founder, revisited his last year’s predictions and shared his insights via Twitter. Interestingly, Buterin admitted that he predicted Decentralized Finance (DeFi) correctly. Consequently, he completely missed the NFTs.
Moreover, he also missed out on collusion issues in DAO governance.
Vitalik Buterin: Biggest predictions, missed projects, and much more.
To begin, Buterin is a programmer, writer, and active member of the cryptocurrency space. In a series of tweets, the Ethereum co-founder shared an analysis of his past predictions. These include his opinions on Bitcoin adoption and regulation, and how he was wrong about Ethereum’ PoS (proof of stake).
Vitalik Buterin wrote on Twitter: “But what was my core underlying mistake? IMO it’s that I deeply underestimated the complexity of software development and the diff between a python PoC and a proper production impl. 2014-era ideas were way too complex, eg. “12-dimensional hypercubes”.
Moving on, Buterin also recalled an article wherein he was optimistic about altcoins and bitcoin cash. However, he sees BCH as a failure now because of the rebellious nature of its community.
It’s interesting to see how NFTs are gaining importance in society. Several influential figures from the crypto world have encouraged NFTs already. Vitalik Buterin’s realization will also inspire others to acknowledge Non – Fungible Tokens.
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