Vitalik Buterin: blockchain demonstrates the values of democracy
Blockchain technology provides us with a unique perspective to redefine the philosophy of democracy and freedom, especially in relation to private and public property. This was stated by Ethereum co-founder Vitalik Buterin.
In a podcast in Taiwan, the programmer noted that after the emergence of bitcoin as a decentralized payment system, people began to explore the possibilities of technology beyond the currency.
According to Buterin, the creation of Ethereum was largely inspired by these ideas.
"Blockchain technology not only protects private rights, but also provides a safe space where property does not disappear due to changes in the opinions of others. This ensures that people are free to create, hold and distribute value online," he believes.
As an example, Buterin cited his own blog, which was closed as a traditional website Vitalik.ca after the liquidation of the service provider. However, in the decentralized IPFS data storage system based on the Ethereum infrastructure ENS, information continues to exist.
The entrepreneur also stressed that the main decisions in the development of the blockchain ecosystem, such as the transition to the Proof-of-Stake algorithm, are made by the community within the framework of democratic procedures.
The development of technology and the emergence of second-level solutions like Optimism have expanded the possibilities of financing public goods in a public way, Buterin believes.
According to him, blockchain has already demonstrated the potential "in building a more equitable and decentralized society."
Source: https://forklog.com/news/vitalik-buterin-blokchejn-demonstriruet-tsennosti-demokratii
