• bitcoinBitcoin$19,160.63-0.72%
  • ethereumEthereum$1,297.48-1.14%
  • elrond-erd-2Elrond$48.150.62%

Vitalik Buterin Says That Unlike Bitcoin, the Value of Ether Comes From Its Ecosystem

Vitalik Buterin talked recently about the possibility of Ethereum flipping Bitcoin. Of course, he believes this to be possible, saying that the value of Ether comes from its ecosystem.

“I think the big difference between Ethereum and Bitcoin is that Bitcoin is a platform where the value of the ecosystem comes from the value of the currency, but in Ethereum the value of the currency comes from the value of the ecosystem.”

He also talked about DAOs, commenting:

“DAOs are definitely going to be more important over time… In terms of what’s still missing from the DAO space, I don’t think there’s anyone big thing, but more a lot of little things. When will be the first time a DAO decides to make a strategy pivot, or when will two DAOs decide to merge? It’s the ability to make big decisions and not just continue incrementally on the same path, that’s something I think we’ll see soon.”

Regarding NFTs, the creator of Ethereum declared:

“I think NFTs have been interesting from a cultural perspective because they bring people into Ethereum that have a completely different mindset than DeFi and regular crypto people for example.”

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