Vitalik Buterin
@vitalik.eth
I guess I started an accidental AMA on which parts of the crypto space are good and which I'm so far not excited about, along with other big picture vision questions: https://x.com/VitalikButerin/status/1827583576751181961 You should feel free to ask questions here too! Let's see if Farcaster can come up with higher-quality questions than the other app :)
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tldr (tim reilly)
@tldr
“If we get lots of people using USDC, that creates a situation where it becomes easier for people to move to other more decentralized stablecoins too.” ^ this is a good specific example where a partial compromise of decentralized principles (one of the primary things you don’t support) seems very useful for spreading decentralized systems as a whole, and therefore seems net good. (I would argue that Coinbase is another, on a pretty large scale. But this is not an uncontroversial topic within the deep crypto space.) Do you have any heuristic for when compromises to decentralized principles go too far?
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Vitalik Buterin
@vitalik.eth
My main worry is when they start entrenching network effects that become hard to undo. For example, if we start normalizing "sign in to this crypto social thing with Google", I think that's really bad, UNLESS it's done in an account-abstraction way where under the hood it's using zk-email and individual users can sign in with their ethereum account instead (and convert their account from one to the other). This way, it's not entrenching network effects of centralized web2 platforms, it's actually creating a bridge that lets users join the ecosystem with them, but then more easily migrate away from them.
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gabe 🎩
@gabrieltemtsen
@vitalik.eth , following your thoughts on the risks of entrenched network effects What criteria do you think should be used to evaluate when it's beneficial to introduce centralized elements in a decentralized ecosystem, especially if those elements might later be hard to replace or remove?
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