Vitalik Buterin Thinks Crypto’s Confidence Against Endless Growth Must End Now

• – There are some considerations about crypto projects to ensure security. One of the most important of these ideas was formed against the arguments that the fiat world works in the same way. As Vitalik Buterin, co-founder of Ethereum (ETH), who is one of the prominent people in this thought, stated, the attitude of trust towards the endless growth situation of crypto in the crypto world should now be abandoned. Because of the volatility of the market, many different and extreme situations arise.
• – There have also been some comments about the argument made by the Ethereum CEO. Stating that this situation cannot be accepted against the most important of these because the fiat world “does not try to offer returns to anyone who is rising much faster than the normal economy” and emphasizing the situation, Vitalik added many more things to his words. He also made some references to the collapse of Terra (LUNA) in his blog post. In these, it is particularly focused on addressing the so-called algorithmic stablecoins more broadly.

Also adding to his words on the subject, Vitalik stated that the promises of extraordinary returns at Fiat are only realized in some cases. This is especially true in isolated cases. While saying that these cases happened, he also emphasized that these cases should be criticized in the same way.

According to Buterin, there is hope for investors and members of the crypto community. This hope is generally focused on growth. However, it is not among the predictions that the system will always go this way. In particular, if an investigation is carried out against the stable state and pessimistic state of a system, security considerations may arise according to these assessments.

• – One of the most important critical points of focus in steady-state is that the system that does not grow in the number of users comes to the fore. However, in the pessimistic case, it is emphasized that the system loses users over time. In this regard, a scenario emerges.
• – While continuing his explanations, Buterin also shared some of his thoughts on the subject with the evaluations he made. Through evaluations, he made remarks about how systems can improve or reveal their performance under more extreme conditions. According to these specifications, it is also revealed how progress can be made safely to zero users in the end.
• – Buterin also stated that when this system is subjected to a test, you cannot know that the system will not reach perfection even if it passes a test. Even if the system passes the test, some cases may also occur due to insufficient collateral, software bugs, or governance issues. Therefore, even if the system passes the test, there is no certainty about whether it will provide full competence.
• – However, Buterin also referred to “steady-state and extreme-state robustness” tests in his final remarks. He also stated that tests, which he calls these names, should always be among the first criteria to be checked with new crypto projects.