Category Archives: Vitalik Buterin
Vitalik Buterin: AI may surpass humans as the ‘apex species’ – Cointelegraph
Super-advanced artificial intelligence (AI), left unchecked, has a serious chance of surpassing humans to become the next apex species of the planet, according to Ethereum co-founder Vitalik Buterin.
But that will boil down to how humans potentially intervene with AI developments, he said.
In a Nov. 27 blog post, Buterin, seen by some as a thought leader in the cryptocurrency space, arguedAI is fundamentally different from other recent inventions such as social media, contraception, airplanes, guns, the wheel, and the printing press as AI can create a new type of mind that can turn against human interests, adding:
Buterin argued that, unlike climate change, a man-made pandemic or nuclear war, superintelligent AI could potentially end humanity and leave no survivors, particularly if it views humans as a threat to its survival.
Even Mars may not be safe, Buterin added.
Buterin cited an August 2022 survey from over 4,270 machine learning researchers who estimated a 510% chance that AI would kill humanity.
However, while Buterin stressed that claims of this nature are extreme, there are also ways for humans to prevail.
Buterin suggested integrating brain-computer interfaces (BCI) to offer humans more control over powerful forms of AI-based computation and cognition.
A BCI is a communication pathway between the brains electrical activity and an external device, such as a computer or robotic limb.
This would reduce the two-way communication loop between man and machine from seconds to milliseconds and, more importantly, ensure humans retain some degree of meaningful agency over the world, Buterin said.
Related: How AI is changing crypto: Hype vs. reality
Buterin suggested this route would be safer, as humans could be involved in each decision made by the AI machine.
The Ethereum co-founder also suggested active human intention to take AI in a direction that benefits humanity, as maximizing profit doesnt always lead humans down the most desirable pathway.
Buterin concluded that we, humans, are the brightest star in the universe, as weve developed technology to expand upon human potential for thousands of years, and hopefully many more to come:
Magazine: Real AI use cases in crypto, No. 1: The best money for AI is crypto
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Vitalik Buterin: AI may surpass humans as the 'apex species' - Cointelegraph
Humans Are Deeply Good: Ethereum Creator Vitalik Buterin – Decrypt
On Monday, Ethereum creator Vitalik Buterin reflected on his own take on techno-optimism, inspired by Marc Andreessen, who opined about AI in his Techno-Optimist Manifesto in October. While Buterin agreed with Andreessens positive outlook, Buterin also noted the importance of how AI is developed and the technology's future direction.
Buterin acknowledged the existential risk of artificial intelligence, including causing the extinction of the human race.
This is an extreme claim: as much harm as the worst-case scenario of climate change, or an artificial pandemic or a nuclear war, might cause, there are many islands of civilization that would remain intact to pick up the pieces, he said.
But a superintelligent AI, if it decides to turn against us, may well leave no survivors and end humanity for good, Buterin said. Even Mars may not be safe.
Buterin pointed to a 2022 survey by AI Impacts, which said between 5% and 10% of participants believe humans face extinction from AI or from humans' failure to control AI, respectively. He said that a security-focused open-source movement is ideal for leading AI development rather than closed and proprietary corporations and venture capital funds.
If we want a future that is both superintelligent and "humanone where human beings are not just pets, but actually retain meaningful agency over the worldthen it feels like something like this is the most natural option," he said.
Whats needed, Buterin continued, is the active human intention to choose its direction and outcome. The formula of 'maximize profit' will not arrive at them automatically, he said.
Buterin said he loves technology because it expands human potential, pointing to the history of innovations from hand tools to smartphones.
I believe that these things are deeply good, and that expanding humanity's reach even further to the planets and stars is deeply good, because I believe humanity is deeply good, Buterin said.
Buterin said that while he believes transformative technology will lead to a brighter future for humanity, he rejects the notion that the world should stay how it is today, only with less greed and more public healthcare.
There are certain types of technology that much more reliably make the world better than other types of technology, Buterin said. There are certain types of technology that could, if developed, mitigate the negative impacts of other types of technology.
Buterin cautioned about a rise in digital authoritarianism and surveillance technology used against those who defy or dissent against the government, controlled by a small cabal of technocrats. He said the majority of people would rather see highly advanced AI delayed by a decade rather than be monopolized by a single group.
My basic fear is that the same kinds of managerial technologies that allow OpenAI to serve over a hundred million customers with 500 employees will also allow a 500-person political elite, or even a 5-person board, to maintain an iron fist over an entire country, he said.
While Buterin said he is sympathetic to the effective acceleration (also known as "e/acc") movement, he has mixed feelings about its enthusiasm for military technology.
Enthusiasm about modern military technology as a force for good seems to require believing that the dominant technological power will reliably be one of the good guys in most conflicts, now and in the future, he said, citing the idea that military technology is good because it's being built and controlled by America and America is good.
Does being an e/acc require being an America maximalist, betting everything on both the government's present and future morals and the country's future success? he said.
Buterin cautioned against giving extreme and opaque power to a small group of people with the hope they will use it wisely, preferring instead a philosophy of "d/acc"or defense, decentralization, democracy, and differential. This mindset, he said, could adapt to effective altruists, libertarians, pluralists, blockchain advocates, and solar and lunar punks.
A defense-favoring world is a better world, for many reasons, Buterin said. First of course is the direct benefit of safety: fewer people die, less economic value gets destroyed, less time is wasted on conflict.
"What is less appreciated though is that a defense-favoring world makes it easier for healthier, more open and more freedom-respecting forms of governance to thrive," he concluded.
While he emphasized the need to build and accelerate, Buterin said society should regularly ask what we are accelerating towards. Buterin suggested that the 21st century may be "the pivotal century" for humanity that could decide the fate of humanity for millennia.
These are challenging problems, Buterin said. But I look forward to watching and participating in our species' grand collective effort to find the answers.
Edited by Ryan Ozawa.
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Humans Are Deeply Good: Ethereum Creator Vitalik Buterin - Decrypt
Vitalik Buterin unveils major overhaul of Ethereum staking to enhance decentralization – crypto.news
Vitalik Buterin plans to overhaul ETH staking and has outlined the progression of Ethereums roadmap, particularly focusing on the forthcoming Dencun update.
In a recent interview with the NFT platform Defiant while in Turkey, Ethereums co-founder Vitalik Buterin addressed the issue of staking centralization in the Ethereum network.
Buterin underscored the importance of reforming Ethereums staking process to support more effective mining and staking pools, with the ultimate goal of boosting the platforms decentralization.
The initiative is a response to the challenges of data availability in off-chain systems, which have been sluggish due to high demands in the short and medium term.
Buterin highlighted the upcoming Ethereum Improvement Proposal (EIP) 4844, known as Danksharding, which is expected to significantly increase the data map space to 16 Megabytes per slot. This upgrade is part of Ethereums continuous efforts to improve scalability and efficiency.
Buterin also proposed a new voting system for governing future changes on the Ethereum network. This system aims to provide a more democratic and less disruptive process, potentially eliminating the need for hard forks. This strategic move is in line with Ethereums ongoing evolution to address scalability challenges.
Slated for early 2024, the Dencun upgrade is set to be a significant milestone in Ethereums development journey. This upgrade aims to play a pivotal role in improving Ethereums scalability, efficiency, and decentralization.
During the interview, Buterin also delved into the potential adoption of the Unspent Transaction Output (UTxO) model, a system currently employed by blockchains like Bitcoin and Cardano. This exploration signifies Ethereums willingness to consider a variety of strategies to tackle the existing challenges in its network.
Upon Buterins reference to UTxO, there was an immediate and humorous response from Cardano enthusiasts on the microblogging site X. Charles Hoskinson, the founder of Cardano, joined in with a satirical remark, quipping, Ethereum 3 will solve it all, in a light-hearted jab at the discussion.
Responding to a comment, Hoskinson expressed his view that Cardanos achievements would likely never be acknowledged as significant by Vitalik or the Ethereum team. He also suggested that Ethereum is only now discovering solutions that Cardano has been working on for years.
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Vitalik Buterin unveils major overhaul of Ethereum staking to enhance decentralization - crypto.news
Ethereum Co-Founder Vitalik Buterin Thinks If AI Turns Against Us, It May ‘Well Leave No Survivors And En – Benzinga
November 28, 2023 1:32 AM | 2 min read
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Ethereums (CRYPTO: ETH) co-founder, Vitalik Buterin, on Monday shed light on his own version of techno-optimism, influenced by Marc Andreessens Techno-Optimist Manifesto penned last October, in which Andreessen took a positive stance on AIs future.
What Happened: Buterin in a blog post said, "This is an extreme claim: as much harm as the worst-case scenario of climate change, or an artificial pandemic or a nuclear war, might cause, there are many islands of civilization that would remain intact to pick up the pieces."
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However, the risks posed by a superintelligent AI that may turn against humanity could signify complete annihilation. "But a superintelligent AI, if it decides to turn against us, may well leave no survivors and end humanity for good," he remarked, worrying that not even Mars could be a refuge.
He advocated for a future that preserves human traits and agency, stating, If we want a future that is both superintelligent and humanone where human beings are not just pets, but actually retain meaningful agency over the worldthen it feels like something like this is the most natural option.
See More: Dogecoin HODLERs Are Beating Shiba Inu With 57% Landing In Profits, IntoTheBlock Data Reveals
Why It Matters: Addressing concerns about the future evolution of Ethereum during an AMA on Farcaster, Buterin disclosed that two of his greatest fears were the stagnation of cryptocurrency and the potential dangers associated with AI.
When questioned on what occupies his thoughts frequently, the influential developer cited, AI-related issues, specifically existential risks derived from it.
Price Action: At the time of writing, ETH was trading at $1,999, down 1.12% in the last 24 hours according to Benzinga Pro.
Read Next: Heres How Much You Should Invest In Shiba Inu Today For A $1M Payday If SHIB Hits 1 Cent?
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2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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Cardano Founder Gives Snide Comment on Ethereum Staking Redesign Plans – The Crypto Basic
Cardano founder Charles Hoskinson recently gave a sarcastic response to the plans to redesign Ethereum staking structure by Vitalik Buterin.
As two protocols that offer similar value propositions, Charles Hoskinsons latest reaction to Ethereums grand staking plans proves the Cardano founder still believes in the formers design flaws.
Despite ranking below Ethereum in market capitalization, Cardanos founder often touts the protocols liquid staking offering as the de facto standard for judging a decentralized system.
Speaking at an event in Turkey, Vitalik Buterin admitted that the centralized nature of Ethereum is not ideal. Notably, he called out the multiple staking pools model and acknowledged Ethereums solo staking being hard. According to Vitalik Buterin, there is a need to tackle these challenges via the unspent transaction (UTxO) approach.
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Staking in the crypto ecosystem is a volatile concept in relation to regulatory allowance. Earlier this year, Kraken paid $30 million to settle a legal case with the United States Securities and Exchange Commission (SEC) for offering staking as an unregistered investment contract.
Since then, Proof-of-Stake (PoS) blockchain protocols started exploring how to change the nature of their Staking features. The plan to redesign the Staking service came as soon as Ethereum transitioned from its Proof-of-Work (PoW) system to PoS.
Though the SEC has not flagged the protocol in this regard, Vitalik Buterins proposition to decentralize the offering could make it less susceptible to falling under the regulators radar.
Designed as an Ethereum killer with a mission to help cut on cost and speed of transactions, Charles Hoskinson takes every opportunity to sing Cardanos praises.
Notably, his simple response to Vitalik Buterins proposition reads: No worries, Ethereum 3 will have it all sorted.
Ethereum 1 is generally denoted as the PoW era and Ethereum 2.0 is the current stage with a PoS consensus mechanism. Neither Vitalik Buterin nor the Ethereum Foundation has hinted at any potential Ethereum 3 in the future.
The fight for dominance continues and though Cardano seems ahead in most of the innovations Ethereum plans to implement, as community members pointed out, the DeFi Total Value Locked (TVL) of both protocols shows Cardano has a long way to go before catching up with Ethereum.
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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basics opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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Cardano Founder Gives Snide Comment on Ethereum Staking Redesign Plans - The Crypto Basic
Hoskinson criticizes Vitalik for not acknowledging Cardano’s staking innovations – CryptoSlate
Cardano founder and Ethereum co-creator Charles Hoskinson criticized Vitalik Buterin in a tweet on Nov. 25 for not acknowledging Cardano (ADA) for its innovations in staking.
Hoskinsons remarks followed a recent interview, where Buterin discussed the Ethereum roadmap and proposed redesigning Ethereums (ETH) staking system to combat issues around centralization.
During the interview, Buterin went over potentially adopting the UTxO approach, which relies on unspent transactions, to address these challenges. This model differs from Ethereums current account-based system and is used by some blockchains, such as Bitcoin and Cardano.
The crypto community was quick to point out that this solution is similar to the approach Cardano has taken with its staking system.Hoskinsons response to Buterins proposal was notably sarcastic, as he wrote:
No worries, Ethereum 3 will have it all sorted.
This isnt the first instance of Hoskinson critiquing Ethereums staking system, having previously pointed out its inconveniences and similarities to features already implemented in Cardanos ADA staking. His tweet highlighted a perceived delay in Ethereums development and adaptation.
Hoskinson further stated that the tweet was not an attempt at fueling hostilities but rather an expression of his confusion. He said:
I am truly at a loss that Cardano can never be mentioned as an innovative ecosystem over on team E. V is rediscovering what weve been working on for almost a decade, and its like a new revelation.
Buterin was interviewed by DeFi and NFT platform Defiant in Turkey on Nov. 24, with most of the conversation on Ethereums roadmap.
Buterin addressed the pressing issue of staking centralization. He emphasized the need to redesign Ethereums staking mechanism to promote healthier mining and staking pools, thereby enhancing decentralization.
The initiative is a response to the challenges posed by data availability moving slower in off-chain systems due to high near-term and mid-term demands.
The Ethereum founder also discussed a major upcoming Ethereum upgrade, known as EIP 4844 or Danksharding. Buterin outlined that this upgrade aims to improve the data map space to 16 Megabytes per slot.
Post-upgrade, the main task would involve setting appropriate parameters and attributes for the system. This enhancement is part of Ethereums ongoing evolution to address scalability and efficiency.
Additionally, Buterin proposed the potential use of a voting system to govern future changes in Ethereum, suggesting that this could eliminate the need for hard forks. This idea indicates a shift towards a more democratic and less disruptive process for implementing significant changes on the network.
The Dencun upgrade, an integral part of this roadmap, is slated to go live in early 2024. The upgrade is expected to be a significant step in Ethereums journey, focusing on improving its scalability, efficiency, and decentralization.
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Hoskinson criticizes Vitalik for not acknowledging Cardano's staking innovations - CryptoSlate
Ethereum: Vitalik Buterin Wants to Redesign the Network – Watcher Guru
One of the most important figures in the digital asset sector, Ethereum co-founder Vitalik Buterin has shared his intention to redesign the entire network. Indeed, Buterin spoke in Turkey where he discussed plans that would bring widespread changes to users across the network.
Moreover, Buterin had outlined an overall strategy that he would seek to employ for those changes. Specifically, they would target an enhancement to the staking of ETH, and performance issues that have occurred regarding addresses. The latter has notably been an issue for the network in years past.
Also Read: Vitalik Buterin Says He Hasnt Sold Ethereum (EHT) Since 2018
Within the mainstream perception of digital assets, two tokens reign supreme. Specifically, Bitcoin (BTC) and Ethereum (ETH) have become staples for the industry. Subsequently, those connected to the assets have become some of its most important entities. Now, one of those individuals is set to bring forth massive changes to one network.
Speaking at Devconnect in Turkey, Ethereum co-founder Vitalik Buterin delved into his plans to redesign the network. Specifically, Wu Blockchain reported that the changes to the platform are connected to staking and performance concerns. Ultimately, any issues would have widespread changes in the user experience.
Vitalik Buterin stated at the Devconnect in Turkey that he plans to redesign Ethereum staking and solve problems affecting performance. He recognizes the UTXO payment model and hopes to integrate private mempools, ERC-4337, code pre-compilation, ZK-EVMs and liquid staking in
Also Read: Ethereum Founder Discusses ETH Staking Changes
The plans Buterin is seeking to set in motion include the integration of private mempools and ERC-4337. Indeed, the former would bring about greater security and privacy to the operating network. This would be done through the authorization of transactions without the intentions being displayed to the public mempool. therefore, they would be far less a target of potential exploits.
Subseuqnlety, ERC-4337 is related to account abstraction, and giving users more control over their own accounts. Therefore, things like multisig wallets become far easier to implement, and far more secure for users. Altogether, these plans are geared toward pushing the network forward and encouraging the protection of users across its operations.
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Ethereum: Vitalik Buterin Wants to Redesign the Network - Watcher Guru
Ethereum Foundation Moves Big ETH Lump Sell-off Coming? By … – Investing.com
U.Today - Blockchain sleuth @lookonchain reported that approximately an hour ago it spotted that the a large crypto transfer, moving $2 million worth of ETH. This move was also noticed by another DLT tracker, @OnchainDataNerd, which reported it on its X app page.
This transaction happened right after the ETH price showed a marginal rise, which followed a recent drop of 4.23%. Still, Ethereum continues to hold above the key $2,000 level so far.
Earlier this year, according to data shared by @lookonchain, the several similar lumps of ETH to the same multi-signature wallet 1,000 ETH nearly three months ago and another 1,000 ETH almost half a year ago. The goal of these transactions remains unclear and has not been commented on by any Ethereum rep so far.
However, the ETH community started jumping to conclusions. Todays ETH transfer sparked a heated discussion under the @lookonchain post as ETH holders became intrigued as to the goal of this large Ethereum transaction.
Some commentators believe the Ethereum team spearheaded by Vitalik Buterin is gradually selling its corporate ETH stash as they sent critiques to the Ethereum Foundation and its frontman, Vitalik. Several people in the comments wondered if the ETH price is going to fall further because of this.
Cardano founder Charles Hoskinson (who was also on the team who founded Ethereum together with Buterin) , stating, "No worries, Ethereum 3.0 will have it all sorted."
Earlier, the Ethereum staking model was heavily criticized by Hoskinson since before the actual launch of updates that comprise Ethereum 2.0 and ensure the blockchain's shift from the proof-of-work to the proof-of-stake consensus algorithm, users were unable to unlock their ETH for several years.
The Ethereum Merge upgrade that allowed the chain to begin running on proof-of-stake was launched in September last year, and ETH was not allowed to be unstaked until the next upgrade, called Shanghai, at the start of this year.
Back then, several times Hoskinson emphasized on X app that Cardano stakers are allowed to unstake their coins at any time they want, and even in order to stake their ADA, they do not have to move it from their wallets, unlike in the case of Ethereum. The Cardano founder, back then, called this a fundamental difference between the Cardano and Ethereum blockchains.
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Ethereum Foundation Moves Big ETH Lump Sell-off Coming? By ... - Investing.com
Steven Nerayoff announces AI-driven web3 project amid legal … – Investing.com
Investing.com|EditorHari G
Published Nov 26, 2023 10:27PM ET
In the wake of a series of allegations and legal challenges, Steven Nerayoff, a former Ethereum advisor, has announced an ambitious new venture that aims to integrate artificial intelligence (AI) with web3 technologies. The project is positioned as a "Crypto 2.0 reboot," seeking to address foundational issues within the cryptocurrency space and realign it with its original ethical principles.
Nerayoff's vision for this new initiative is to combine his decade-long experience in AI with the emerging concepts of web3, creating an innovative platform that supports uncensored communication and transparent information sharing. Demonstrating the potential of blockchain technology, he recently released an NFT-based conversation with Ethereum co-founder Vitalik Buterin, illustrating how blockchain can be used to distribute content without censorship.
The announcement comes amid Nerayoff's ongoing legal battles, including accusations against Ethereum leadership figures like Buterin and U.S. Securities and Exchange Commission (SEC) members Gary Gensler and Jay Clayton. Despite these challenges, which have included asset seizures and the loss of his Techstars franchise, Nerayoff remains committed to his quest for ethical practices within the crypto industry.
In addition to his legal pursuits, Nerayoff has expressed his intention to establish an incubator that champions transparency and adheres to genuine cryptocurrency values over financial gain. This incubator aims to foster innovation in blockchain technology and support the development of diverse decentralized applications (DApps), moving beyond the current focus on decentralized exchanges (DEXs).
Nerayoff's efforts underscore his influential role in the evolution of blockchain technology. His proposed AI-web3 project represents a significant step towards merging advanced AI with blockchain infrastructure, potentially reshaping how Ethereum operates and influencing the future development of the wider crypto world. As he navigates these transformative changes amid adversity, Nerayoff's initiatives highlight a pivotal shift within this dynamic field.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
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"Rising Demand and Price Surge: Ethereum (ETH) Reaches $2084 … – Geeks World Wide
Ethereum (ETH) is currently trading at $2084, showing a 0.57% increase in the past 24 hours. The price has been steadily rising since finding support at $1934 on November 22. Vitalik Buterin, co-founder of Ethereum, recently discussed the platforms planned development and the need for improvement in Ethereum staking. The rise in demand for ETH coincided with breaking the $2000 mark on November 23.
Ethereum (ETH) has experienced a positive price increase, reaching $2084 with a 0.57% gain in the last 24 hours. This growth has been consistent since it found support at $1934 on November 22. Vitalik Buterin, the co-founder of Ethereum, shared insights on the platforms development during an interview. He emphasized the importance of enhancing Ethereum staking to strengthen decentralization.
Ethereum (ETH) has witnessed a positive price surge, climbing to $2084 with a 0.57% gain in the last 24 hours. Vitalik Buterins interview highlighted the importance of improving Ethereum staking for increased decentralization. As ETH surpassed the crucial $2000 mark, demand for the cryptocurrency rose significantly. The next potential price movements involve testing the $2128 resistance level or potentially dropping to the $2000 support level.
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"Rising Demand and Price Surge: Ethereum (ETH) Reaches $2084 ... - Geeks World Wide