Category Archives: Vitalik Buterin

Ethereum co-founder Vitalik Buterin, net worth S$739 million, spotted in S’pore at MRT station – Mothership.sg

What are the odds of bumping into a multi-millionaire in Singapore?

And what are the odds of bumping into a multi-millionaire while waiting to take the MRT train in Singapore?

That was what one commuter here did, as he spotted Russian-Canadian computer programmer, and co-founder of cryptocurrency Ethereum, Vitalik Buterin, at King Albert Park MRT station.

The 30-year-old, who hails from Russia before his family emigrated to Canada when he was six, worked on developing the cryptocurrency full-time before he turned 20 and has been credited for being involved with the token early in its inception.

His net worth is currently at least US$550 million (S$739 million) and mainly held in the ETH token he personally co-developed.

At cryptocurrencies' peak, Buterin became the youngest crypto billionaire at the age of 27.

He was also spotted on the streets in Singapore, as per another two photos posted on Facebook on Feb. 21.

Buterin's unassuming character has won him high praise online.

One tweet, in response to Buterin's public transportation-using ways, read: "A developed country is not a place where the poor have cars. It's where the rich use public transportation."

Buterin's philanthropy has been well-documented.

He is known to not be a hoarder of other cryptocurrency.

In May 2021, he donated US$1.14 billion worth of cryptocurrency to the India Covid-Crypto Relief Fund.

The donation consisted of 500 ETH and over 50 trillion SHIB (Shiba Inu), a meme coin, that was gifted to him.

This donation was 5 per cent of the meme coin in circulation and caused a 50 per cent crash in the price at the time as it caused panic among holders of the coin.

Around the same time, he also donated US$336 million worth of Dogelon Mars ($ELON), which had previously been gifted to him as well, to the Methuselah Foundation, which focuses on extending human lifespan.

Buterin's donation of this meme coin caused a 70 per cent drop in its value.

Top photo via Asan Kayo & @dAAAb X

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Ethereum co-founder Vitalik Buterin, net worth S$739 million, spotted in S'pore at MRT station - Mothership.sg

Vitalik Buterin and Sandeep Nailwal headline decentralized agi summit @ Ethdenver tackling threats of centralized AI – Grit Daily

Denver, USA, February 23rd, 2024, Chainwire

The Decentralized AGI Summit, organized by Sentient and Symbolic Capital, will bring together top thought leaders in Decentralized AI like Vitalik Buterin, Sandeep Nailwal, Illia Polosukhin, and Sreeram Kannan.

As the development of artificial general intelligence (AGI) systems accelerates, there are growing concerns that centralized AI controlled by a small number of actors poses a major threat to humanity. The inaugural Decentralized AGI Summit will bring together top experts in AI and blockchain like Vitalik Buterin, Sandeep Nailwal, Illia Polosukhin, Sreeram Kannanm, and more, to explore how decentralized, multi-stakeholder governance models enabled by blockchain technology can help make the development of AGI safer, more transparent and aligned with the greater good.

The rapid acceleration of centralized AI and its integration into everyday life has led humanity to a crossroads between two future worlds, says Sandeep Nailwal. On the one hand, we have the choice of a Closed World. This world is controlled by few, closed-source models run by massive mega corporations. On the other hand, we have the choice of an Open World. In this world, models are default open-source, inference is verifiable, and value flows back to the stakeholders. The Open World is the world we want to live in, but it is only possible by leveraging blockchain to make AI more transparent and just.

The Decentralized AGI Summit will take place on Monday, February 26th from 3-9pm MST. It is free and open to the public to attend at: https://decentralizedagi.org/.

We are excited to help facilitate this important discussion around the development of safe and ethical AGI systems that leverage decentralization and multi-stakeholder governance, said Kenzi Wang, Co-Founder and General Partner at Symbolic Capital. Bringing luminaries across both the AI and web3 domains together will help push forward thinking on this critical technological frontier.

Featured keynote speakers include:

Vitalik Buterin, Co-Founder of Ethereum Foundation

Sandeep Nailwal, Co-Founder of Polygon Labs

Illia Polosukhin, Co-Founder of Near Foundation

Sreeram Kannan, Founder of Eigenlayer

Topics will span technical AI safety research, governance models for AGI systems, ethical considerations, and emerging use cases at the intersection of AI and blockchain. The summit aims to foster collaboration across academic institutions, industry leaders and the decentralized AI community.

For more details and to register, visit https://decentralizedagi.org/.

About Sentient

Sentient is building a decentralized AGI platform. Sentients team is comprised of leading web3 founders, builders, researchers, and academics who are committed to creating trustless and open artificial intelligence models.

Learn more about Sentient here: https://sentient.foundation/

About Symbolic Capital

Symbolic Capital is a people-driven investment firm supporting the best web3 projects globally. Our team has founded and led some of the most important blockchain companies in the world, and we leverage this background to provide unparalleled support to the companies in our portfolio.

Learn more about Symbolic Capital here: https://www.symbolic.capital/

Sam Lehman[emailprotected]

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Vitalik Buterin and Sandeep Nailwal headline decentralized agi summit @ Ethdenver tackling threats of centralized AI - Grit Daily

Vitalik Buterin Comes to Taiwan as Keynote Speaker at ETHTaipei 2024 – U.Today

ETHTaipei 2024, the annual Ethereum developer conference and hackathon, returns from March 21st to 24th. This four-day event invites developers worldwide to explore the latest in Ethereum technology through insightful talks, hands-on workshops, and a competitive hackathon, all featuring renowned experts.

Vitalik Buterin, the founder of Ethereum, will be at ETHTaipei 2024 in person. In his highly anticipated speech, Vitalik will delve into the latest advancements and future directions of the Ethereum ecosystem. Following the Dencun upgrade with the network formally running EIP-4844, Vitalik will also timely join a panel among leaders of Layer 2s to discuss the progress of scaling Ethereum.

The four-day event will feature international conferences and a hackathon.

The conference agenda features in-depth sessions on key themes, focusing on ZK, DeFi, and Security. Learn from more than 40 acclaimed speakers representing Ethereum Foundation, Geth, Perpetual Protocol, Gnosis, Dedaub, and more as they cover Ethereum upgrades, MEV, Layer2, Autonomous World, and other trending topics. Interactive panel discussions will facilitate knowledge sharing and spark thought-provoking debates among industry leaders.

The hackathon will kick off on the evening of March 22nd. A 24-hour Hacker House will be provided on-site. Developers will need to complete their work within 40 hours based on the selected topics to compete for prizes. The hackathon is free to register. During the hacking period, there will be various workshops for developers to not only learn from each other but also have the opportunity to directly communicate withmembers from the top projects in the industry. This year, job matching opportunities will be open, giving developers the chance to not only earn prizes but also get job offers.

ETHTaipei proudly collaborates with renowned companies like Nuvo, XY Finance, Consensys, MintClub, Ora, BTSE, Lita, Zircuit, Harvest Finance, Dyson Finance, Term Structure and more. These industry leaders will showcase their latest blockchain products and engage with developers through demos, workshops, and discussions, fostering innovation and propelling the blockchain ecosystem forward.

For all developers seeking to expand their knowledge of Ethereum's exciting new technologies and trends, ETHTaipei 2024 presents a golden opportunity to learn, collaborate, and network with top minds in the field.

ETHTaipei 2024 Event Information

Date: March 21-24, 2024 Location: POPUP Taipei Tickets and event information:https://ethtaipei.org/

Media Contact

ETHTaipei Team ethtaipei23@gmail.com Hana Chang +886-975-856-705

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Vitalik Buterin Comes to Taiwan as Keynote Speaker at ETHTaipei 2024 - U.Today

Ethereum’s Buterin voices caution on Layer 2 risks amid scalability push – crypto.news

Ethereum co-founder Vitalik Buterin has voiced concerns on X about the potential risks associated with Ethereums Layer 2 (L2) scaling solutions.

Buterins warnings come amidst a surge in interest in L2 technologies, which promise to improve Ethereums scalability and reduce transaction fees. However, he cautions that these advancements could carry significant risks of permanent financial losses due to inherent vulnerabilities.

Honestly I'm about 3x less confident in the "simplify L1 even at the expense of more complicated L2s" concept than I was five years ago. The challenge is that when you can trade off between L1 bug risk and L2 bug risk, it's not actually clear that the latter is better!

Buterin drew a stark comparison between the potential repercussions of system failures at Layer 1 (L1) and Layer 2 levels. He pointed out that while L1 failures can typically be corrected with limited long-term impact, L2 flaws pose a much graver risk, potentially leading to irreversible losses for users. This contrast, he argues, necessitates the implementation of stronger security measures in L2 solutions similar to those safeguarding L1.

To enhance the security and reliability of L2 frameworks, Buterin advocates for the integration of features that are standard in L1 solutions. This strategy is aimed at reducing the risks tied to the intricate smart contracts and the decentralized nature of L2 solutions, which are especially susceptible to bugs and vulnerabilities.

Buterin also revisited the debate on the trade-offs involved in simplifying L1 protocols at the expense of complicating L2 solutions. Marking a significant shift in his perspective, he now questions whether the advantages of simplifying L1 justify the complexities and potential risks that arise at the L2 level. In his viewpoint, a more balanced approach is necessary to reduce risks across Ethereums two-layer infrastructure.

Further, the ethereum co-founder challenged the idea that scaling efforts should be confined to the L2 level. He used a hypothetical scenario to underscore the dire consequences of a consensus failure in L1 compared to a bug in L2, emphasizing the heightened risk of permanent financial loss in the latter scenario.

The recent discussion follows, Buterins previous comments regarding the promising role of artificial intelligence (AI) in enhancing the security of the Ethereum network. He is particularly excited about AIs role in formal verification and bug detection in code. Buterin pointed out that bugs in code represent Ethereums biggest technical risk, emphasizing the transformative potential of AI in addressing this challenge.

Buterins confidence in AI complements the sectors broader resurgence, underscored by significant developments from OpenAI and remarkable achievements by Nvidia. This revitalization is further evidenced by the surging prices of AI-focused tokens, some of which have more than doubled in value over the past week, according to CoinGecko data.

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Ethereum's Buterin voices caution on Layer 2 risks amid scalability push - crypto.news

Vitalik Buterin: Optimistic on AI Code Verification – Crypto Times

The co-founder of Ethereum, Vitalik Buterin, expresses his views on how AI (artificial intelligence) could help detect and fix bugs in the Ethereum codebase. In a recent tweet, Ethereums creator, Buterin, said that Ethereums biggest technical risk is the possibility that the Ethereum smart contracts will have errors/bugs.

With the major Dencun upgrades scheduled to launch on March 13th, ensuring the reliability and security of Ethereums code is more crucial than ever. Dencun aims to improve Ethereums scalability and prepare it for even more complex applications.

Buterin believes AI-assisted formal code verification could significantly improve detection rates for bugs and other issues. He stated that progress on AI auditing solutions would be amazing.

This vote of confidence comes shortly after AI code assistant ChatGPT received criticism for often writing vulnerable smart contracts. In July 2023, a series of experiments conducted by OpenZeppelin utilizing OpenAIs GPT-4 model were able to successfully identify bugs in Ethereum test code in 20 out of 28 cases.

When GPT-4 failed to identify flaws, it could often be prompted to correct its mistakes quickly. However, at other times, OpenZeppelin found that the AI had actually invented a vulnerability that had never existed in the first place.

However, Buterin has warned developers about the risks associated with overreliance on AI, especially for critical on-chain processes. He advises particular care when using AI to power oracles, predict markets, stablecoins, and other applications handling substantial value.

It is important to be careful: if someone builds, e.g., a prediction market or a stablecoin that uses an AI oracle, and it turns out that the oracle is attackable, thats a huge amount of money that could disappear in an instant, Buterin stated.

Also Read: Ethereums Dencun Upgrade is Live On Sapolia Testnet

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Vitalik Buterin: Optimistic on AI Code Verification - Crypto Times

Title: "Unlocking Ethereum’s Future: Vitalik Buterin on AI’s Impact" – Geeks World Wide

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Ethereum co-founder Vitalik Buterin recently shared his thoughts on the potential impact of artificial intelligence (AI) on bug-fixing processes within the cryptocurrency space.

Vitalik Buterin, the co-founder of Ethereum, has been engaging in discussions surrounding the advantages and challenges associated with AI technology. His recent focus has been on the potential transformation AI could bring to bug-fixing mechanisms.

Buterin highlighted the intersection of AI and crypto, emphasizing the role of AI in code verification and bug identification. He believes that AI has the power to revolutionize bug-fixing processes, addressing existing technical risks in platforms like Ethereum.

With the launch of Ethereums Dencun upgrade, Buterin expressed confidence in Verkle trees, aiming to enhance node operations and user experience for solo staking. The upgrade has sparked a price surge in Ethereum, generating renewed interest in the cryptocurrency.

Vitalik Buterins insights on the potential applications of AI in bug-fixing demonstrate his optimism for the future of technology within the crypto space. As Ethereum continues to evolve with upgrades like Dencun, the integration of AI could play a significant role in enhancing operational efficiency and user engagement.

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Title: "Unlocking Ethereum's Future: Vitalik Buterin on AI's Impact" - Geeks World Wide

Vitalik Buterin says AI could help solve Ethereum’s ‘biggest technical risk’ – Cointelegraph

Ethereum co-founder Vitalik Buterin says artificial intelligence (AI) could be crucial to solving one of Ethereums biggest technical risks: bugs buried deep within its code.

In a Feb. 18 post on X, Buterin shared his excitement for AI-powered auditing to identify and fix buggy code in the Ethereum network, describing it as the biggest technical risk to the network.

Buterins comments come as Ethereum closes in on implementing its long-awaited Dencun upgrade, which iscurrently slated for launch on March 13. Dencun was implemented on the Goerli testnet on Jan. 17, but a bug in Prsym prevented the network from finalizing on the testnet for four hours. Upgrades to the Ethereum network are crucial to the long-term roadmap of the blockchain.

However, not everyone agrees that AI is a reliable tool to detect bugs in Ethereum-based code.

In July 2023, OpenZeppelinconducted a series of experiments that utilized OpenAIs GPT-4 to identify security issues in Solidity smart contracts the native language of Ethereum code.

During these experiments, GPT-4 successfully identified vulnerabilities in 20 out of 28 challenges.

When GPT-4 failed to identify flaws, it could often be prompted to correct its mistakes quickly. However, at other times, OpenZeppelin found that the AI had actually invented a vulnerability that had never existed in the first place.

Similarly, Kang Li, the chief security officer at CertiK, told Cointelegraph that using AI-powered tools such as ChatGPT in coding often creates more security issues than it solves.

Overall, Li recommends that AI assistants should be used only as assistants to experienced coders, as they can be helpful in quickly explaining to developers what a line of code means.

Related:Making Vitalik Buterins cypherpunk dream for Ethereum a reality

While Buterin is largely optimistic about the future of AI, he has previously warned developers to exercise caution when implementing AI with blockchain technology, particularly when deploying it alongside high-risk applications, such as oracles.

It is important to be careful: if someone builds e.g. a prediction market or a stablecoin that uses an AI oracle, and it turns out that the oracle is attackable, thats a huge amount of money that could disappear in an instant.

Magazine: Crypto is inevitable so we went all in Meet Vance Spencer, permabull

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Vitalik Buterin says AI could help solve Ethereum's 'biggest technical risk' - Cointelegraph

Vitalik Buterin details four ways cryptocurrency and AI can overlap – The Block

Published 1 minute earlier on

Ethereum co-founder Vitalik Buterin broke down four ways that cryptocurrency and artificial intelligence may overlap, finding some potential use cases and noting some corresponding risks.

Buterin examined the use of AI as an actor, as an interface, as the rules themselves, and an end objective in itself in a blog post published Tuesday. He noted that the use of AI as an actor within a protocol had the highest viability, while the use of AI as an interface to a protocol has high potential but carries some risk.

"In general, use cases where the underlying mechanism continues to be designed roughly as before, but the individual players become AIs, allowing the mechanism to effectively operate at a much more micro scale, are the most immediately promising and the easiest to get right," he said.

Buterin noted that the most challenging use of cryptocurrency and AI to get right would be applications that try to create a single, decentralized, trusted AI for other applications to rely on.

"These applications have promise, both for functionality and for improving AI safety in a way that avoids the centralization risks associated with more mainstream approaches to that problem," he said. "But there are also many ways in which the underlying assumptions could fail; hence, it is worth treading carefully, especially when deploying these applications in high-value and high-risk contexts."

Buterin said he is looking forward to seeing more attempts at constructive use cases of AI in each of these four areas to find out which of them works at scale.

Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.

2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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Vitalik Buterin details four ways cryptocurrency and AI can overlap - The Block

Vitalik Buterin Outlines Potential Crypto + AI Use Cases and Risks – Milk Road

Ethereum co-founder Vitalik Buterin recently explored emerging intersections between crypto and artificial intelligence in an extensive blog post. He argued that certain applications appear to be far more robust than others currently.

Buterin categorized crypto + AI opportunities into four types, ordered by viability:

Most Viable

High Potential

Proceed Carefully

Longer-Term Potential

Read more: Floki Team Pushes Back On Hong Kong Regulator Warning

The analysis argues that AI acting as automated players within blockchain incentive structures is likely the simplest and most immediately viable model.

Buterin mentioned that it could involve prediction market information aggregation, identifying fake accounts, assessing data quality, and moreall tied to transparent on-chain rewards adjudicating performance.

These applications have promise, both for functionality and for improving AI safety in a way that avoids the centralization risks associated with more mainstream approaches to that problem, Buterin said.

On the other hand, Buterin mentioned that relying directly on AI components in a smart contract or protocol seems much more dangerous. This is because model integrity cant be proven, and there are loopholes for attackers.

Read more:DeFi Protocol Abracadabra Finance Suffers $6.4 Million Hack

Buterin thinks that even though using advanced encryption or shared control could make things more reliable later on, users should be careful about using AI judges right now.

The Ethereum co-founder suggests that by understanding the good and bad points, his ideas can help users think carefully about how to innovate in a space where two very important industries meet.

Vignesh Karunanidhi

Vignesh has been a seasoned professional in the crypto space since 2017. He has been writing for over 5 years and specializes in writing and editing various types of crypto content, including news articles, long-form pieces, and blog posts, all focused on sharing the beauty of blockchain and crypto.

Milk Road Writer

Vignesh has been a seasoned professional in the crypto space since 2017. He has been writing for over 5 years and specializes in writing and editing various types of crypto content, including news articles, long-form pieces, and blog posts, all focused on sharing the beauty of blockchain and crypto.

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Vitalik Buterin Outlines Potential Crypto + AI Use Cases and Risks - Milk Road

Ethereum’s Vitalik Buterin Makes Surprising Visit to Binance, SHIB Rep Shares Shibarium’s Plans to Onboard … – U.Today

Take a look at the most important crypto events with U.Today's top three news stories.

As has been recently shared by Binance CEO Richard Teng on the X platform, Ethereum cofounder Vitalik Buterinmade a surprising visit to the Binance office. Teng thanked Buterin for finding time to speak to his team in person, saying that it was a privilege to have him in the company's office. This spontaneous visit caused quite a stir in the crypto community, with many users speculating about a potential collaboration between these two giants of the crypto market. As a reminder, Binance is currently struggling with a $4 billion fine and ongoing regulatory challenges; considering this, Buterin's focus (described in his essay entitled "Make Ethereum Cypherpunk Again") on security, privacy and scalability, and concern for centralized exchanges and their vulnerability to hacking, feed rumors about possible cooperation between Buterin and Binance. However, neither Buterin nor Teng made any statements in this regard.

In a recent X post, Shiba Inu team member Lucie sharedShibarium's plans for the future. Lucie wrote that the layer-2 solution aims to "onboard 1,000 projects with numerous partnerships," reminding the community that supporting new projects does not necessarily mean canceling existing ones. The SHIB representative then called on all meme token supporters to stay strong as a community during challenging times, stating that there is hardly any point in giving up now if they got "this far" in their support for the project's team. Lucie's post has evoked mixed reactions among SHIB army members; even though many of them praised the SHIB developers, some users questioned the project team's ability to accomplish anything more than just making plans and promising new advances.

According to Kenneth Worthington, analyst at JPMorgan, the initial enthusiasm surrounding Bitcoin ETFsmay be waning, with a shift toward a "more normalized flow environment" being potentially on the horizon. On Jan. 26, spot Bitcoin ETFs experienced net sales of about $15 million following a four-day streak of redemptions. This reversal could be an indication of changing investor sentiment on these novel financial products. Since their launch, the Bitcoin price has plunged by about 9% but has since stabilized around $42,000 as the new trading week gets underway. Previously, JPMorgan correctly predicted that the approval of Bitcoin ETFs would be a sell-the-news event. Before the approval, the price of the leading cryptocurrency dropped from above $47,000 to below $39,000. The sell-off coincided with large outflows from Grayscales Bitcoin Trust (GBTC), which transitioned into a spot Bitcoin ETF after the SEC's approval.

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Ethereum's Vitalik Buterin Makes Surprising Visit to Binance, SHIB Rep Shares Shibarium's Plans to Onboard ... - U.Today