Costs Quote by Vitalik Buterin

“Blockchains will drop search costs, causing a kind of decomposition that allows you to have markets of entities that are horizontally segregated and vertically segregated.”

Vitalik Buterin

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Costs Investing Kind Search Segregated Will

More by Vitalik Buterin

Initially, I thought that Ethereum was a thing that would be used for people to write simple financial scripts. As it turns out, people…

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The industrial revolution allowed us, for the first time, to start replacing human labour with machines.

Vitalik Buterin

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The thing that I often ask startups on top of Ethereum is, 'Can you please tell me why using the Ethereum blockchain is better…

Vitalik Buterin

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When I came up with Ethereum, my first first thought was, 'Okay, this thing is too good to be true.' As it turned out,…

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Scalability is this idea of coming up with a blockchain that can scale much larger than existing chains essentially by processing transactions in parallel.…

Vitalik Buterin

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In order to have a decentralised database, you need to have security. In order to have security, you need to - you need to…

Vitalik Buterin

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You could imagine something like a completely automated system for renting bikes that's just done completely over blockchain crypto-payments. And theoretically just sort of…

Vitalik Buterin

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I think people don't realise that running a piece of code that verifies some conditions for a financial transaction, that by itself is a…

Vitalik Buterin

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Many people at different levels of the Russian government are open to crypto-currencies.

Vitalik Buterin

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Blockchain software companies may end up being amalgamated into existing software giants, at which point blockchain patents will just become part of the existing…

Vitalik Buterin

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You can write anything that you would be able to write on a server and put it onto the blockchain. Instead of Javascript making…

Vitalik Buterin

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I generally support just about every secession attempt that comes along. If, in the future, there is that kind of a dispute in Ethereum,…

Vitalik Buterin

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