Ethereum co-founder Vitalik Buterin: if Musk's Twitter flops it's not such a bad thing
Ethereum co-founder Vitalik Buterin told an audience at Singapore's FinTech Festival on Thursday he believes a social media platform to replace Twitter – one that avoids many of the bird-brand's existing problems – is already on the way.
The software engineer and founder believes that in the next five to ten years a better social media platform will come along and solve such annoyances and related security issues. "There's definitely some very specific communities that Bitcoin still strongly appeals. I think that's going to be true, no matter what kind of improvements in either the Ethereum protocol or other protocols in the crypto space make."
The Ethereum creator also said regulations play an important role in managing applications of decentralized networks. Ultimately, he opined, regulations exist regardless of their application – on a network or with"pieces of wood" . However, the industry could do itself a favor by being proactive about known issues.
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