  Breaking down Ethereum’s evolution and its impact on crypto markets March 23, 2022  (As of March 23, 2022 @ 12:12 UTC. ETH price % change over 24 hours.) Was this newsletter forwarded to you? Sign up here.
There are a lot of things that the blockchain faithful, myself included, have been right about. Many of the predictions I made years ago about the popularity of NFTs (non-fungible tokens) and the rise of DeFi (decentralized finance) have borne out. In turn, my conviction about the inevitability of these technologies borders on the pathological.
But in spite of that conviction, sometimes it’s still so strange to see it all play out. Take, for instance, Ethereum co-founder Vitalik Buterin – previously best known on social media for this dance – on the cover of Time magazine:  The accompanying piece was an evenhanded treatment from staff writer Andrew Chow, as evidenced by the fact that it made both blockchain fans and skeptics extremely angry. It was also a sign of a possible pivot from Buterin, one that I think would be good for both his career and for Ethereum: his increased willingness to work in the spotlight as a public intellectual.
“One of the decisions I made in 2022 is to try to be more risk-taking and less neutral. [...] I would rather Ethereum offend some people than turn into something that stands for nothing,” he said during the Time interview.
More than a talking head with Vulcan cheekbones While the 29 year-old Canadian was discussing stepping more into the public light in the context of guiding Ethereum’s development, I would encourage Buterin to consider pivoting to a role as a cultural commentator.
If he chooses to take up the mantle of a public intellectual, he would be imminently qualified.
As a writer, he’s been a hidden gem for the better part of a decade, commanding not just vast technical knowledge but also possessing the unique gift of making esoteric topics digestible. He can single-handedly establish disciplines – and I would argue he did just that with DAOs (decentralized autonomous organizations) following the publication of “DAOs, DACs, DAs and More: An Incomplete Terminology Guide” – as well as with advancing the discourse around an existing topic, as he did with Endgame, a piece speculating on the future of the multi-chain world.
His detractors, however, will say he’s too orthogonal of a thinker to be a popular commentator (which is the nicest way I can think of to say “the dude is pretty f**king weird”). Whenever his name comes up trolls are quick to point toward a tweet he made years ago arguing that the consumption of child pornography is less ethically odious than the consumption of heroin.
Likewise, another tweet at the end of last year about the importance of artificial wombs prompted a range of angry reactions, with some observers accusing Buterin of misogyny while others simply seemed to be exhausted with how bizarre and unprompted the conversation was to begin with.
Personally, I think the good outweighs the bad. While profiles tend to center on his libertarian influences and leanings, he is immensely well-read across the ideological spectrum: He also frequently cites anthropologist David Graeber, and some of his best s**tposts are plays on British philosopher Derek Parfit thought experiments, including the Teletransportation Paradox and The Repugnant Conclusion. That’s the good kind of weird, and the kind of breadth I like to see in commentators.
All that esoterica and knowledge and talent devoted simply to thinking things and relying those thoughts – there aren’t many technologists, writers and thinkers of his caliber – and it would be a gift to have him touring universities and writing op-eds for a few decades.
The wider public would be lucky to have him.
 Abra is a proud sponsor of CoinDesk’s Valid Points newsletter. Based in California and backed by top Venture Capital firms, Abra is an all-in-one simple, secure app that allows you to trade over 110 cryptocurrencies, get 0% interest loans using your crypto as collateral and earn interest with up to 13% APY on stablecoins and 7.15% APY on Bitcoin. Join nearly 2 million users by downloading Abra from the Google Play or Apple App store. Do it today and get $15 in free crypto once you fund your account. You came, you invested, now conquer. Abra – Conquer Crypto.
Pulse check
The following is an overview of network activity on the Ethereum 2.0 Beacon Chain over the past week. For more information about the metrics featured in this section, check out our 101 explainer on Eth 2.0 metrics.  Disclaimer: All profits made from CoinDesk’s Eth 2.0 staking venture will be donated to a charity of the company’s choosing once transfers are enabled on the network. 
 When your business depends on protecting digital assets, you need a wallet that gives you absolute confidence and control. You need Sepior!
Let our Advanced MPC cryptography experts help you get to market faster, with a future-proof wallet and custody solution that flexibly evolves with the market and your services – while maintaining absolute security. Download our whitepaper (no registration required) or visit Sepior.com to learn more!
Validated takes Ethereum scaling startup Optimism closed a $150 million Series B funding round at a $1.65 billion valuation.
Aave, leading lending platform, launched its V3, the latest version of their protocol.
Owners of the Bored Ape Yacht Club (BAYC) NFT collection were airdropped 10,000 ApeCoin each.
Andrew Yang, former U.S. presidential candidate, launched GoldenDAO to focus on Asian American and Pacific Islander (AAPI) issues.
Factoid of the week 
 Mining Week explores the dynamic field of cryptocurrency mining, from proposals to modify Bitcoin's software to cut energy consumption to up-and-comer projects that claim to be greener alternatives; from energy producers mining coins to make extra money and reduce waste to neighbors complaining about noise and higher electricity rates.
Open comms Valid Points incorporates information and data about CoinDesk’s own Eth 2.0 validator. All profits made from this staking venture will be donated to a charity of our choosing once transfers are enabled on the network. For a full overview of the project, check out our announcement post.
You can verify the activity of the CoinDesk Eth 2.0 validator in real time through our public validator key, which is: 0xad7fef3b2350d220de3ae360c70d7f488926b6117e5f785a8995487c46d323ddad0f574fdcc50eeefec34ed9d2039ecb.
Search for it on any Eth 2.0 block explorer site!
Valid Points A newsletter from CoinDesk Were you forwarded this newsletter? Sign up here. Copyright © 2022 CoinDesk, All rights reserved. 250 Park Avenue South New York, NY 10003, USA |
