Vitalik Buterin in Argentina: A View on the Economy and the Future of Ethereum

• Vitalik Buterin praises Argentine President Milei’s economic focus, contrasting it with U.S. economic policy.

• Buterin highlights Ethereum’s participation-proof shift and successful rollups in 2023.

Today I bring you something interesting: Vitalik Buterin, the co-founder of Ethereum, currently in Argentina, has shared his impressions on the country’s economic situation and the role of the new president, Javier Milei. In addition, he has given a glimpse of Ethereum’s progress, a topic that interests all of us in the crypto world.

Buterin, known for being one of the brightest minds behind Ethereum, has expressed his admiration for how Milei has approached the economy in Argentina. According to Buterin, Milei has given a prominent place to the economy, something that many current politicians do not do. Buterin sees this as a notable contrast to what is happening in the United States, where he feels that politics has forgotten about the economy and what really matters to people.

During a conversation with Santiago Siri and Mauro Ordoñez at Filo News, Buterin has shared that he usually spends the holidays in Argentina, where he connects with the Ethereum community and enjoys his circle of friends.

Vitalik Buterin usually spends the holidays in Argentina. Source: YouTube

Here, Buterin has highlighted Milei’s uniqueness, not only in terms of his personality but also in his policies. Although he may initially seem uneducated or even a bit crazy, Buterin believes that Milei has profound ideas about economic and monetary policy.

Vitalik has also commented on the global reactions to Milei’s election, noting that people around the world are impressed with his proposals for the country. Buterin questions the tendency of governments to regulate the economy and be irresponsible with money printing. In this sense, he supports the idea of more economic freedom, as proposed by Milei.

But it’s not all politics. Buterin has also talked about the impact of cryptocurrencies and Artificial Intelligence on society. According to him, these technologies are giving people the power to resist centralized control.

Speaking specifically about Ethereum, Buterin has recalled the switch to the Proof of Stake (PoS) protocol, highlighting how this movement has been a community effort, not just from developers.

Looking ahead, Buterin anticipates that Ethereum will move toward greater security in three stages, establishing different levels of consensus to validate the security of the code. At the same time, he notes that rollups have been a big success for Ethereum in 2023, providing security despite their technological complexity.

Buterin’s visit to Argentina has not only been an opportunity to talk about the country’s economic policies, but also to delve into the development and future of Ethereum. His comments reflect a clear vision of how cryptocurrencies, and Ethereum in particular, are part of shaping new forms of democracy and economic systems.

With leaders like Milei taking steps towards economic freedom and brilliant minds like Buterin pushing blockchain technology, we are witnessing an era of new monetary actions in both politics and technology.