Vitalik Buterin Shares Views on Cryptocurrency’s Future, Decentralized Governance, and Twitter with Taiwan’s Digital Minister Audrey Tang on TaiwanPlus

TAIPEI,Taiwan–(BUSINESS WIRE)–Vitalik Buterin, the co-founder of Ethereum joins Taiwan’s First Digital Minister Audrey Tang in the latest episode of the TaiwanPlus Original video podcast “Innovative Minds with Audrey Tang,” following fellow tech trailblazer, YouTube co-founder, Steve Chen from the inaugural episode. Instead of speculating the future of the crypto, Buterin and Tang exchange views on decentralized governance in a world that is increasingly interconnected through the web.

When discussing solutions related to trust and security issues in crypto and other DAOs (Decentralized autonomous organization), Buterin introduces a mechanism called “Soulbound token,” which he believes can work beyond finance even apply to voting systems. Tang notes that for the future of digital participation in Taiwan’s open government, Soulbound may serve as a decentralized alternative to multi-factor authentication.

Known for his commitment to ethics in the tech community, Buterin discusses society’s lack of a “global public square,” where people around the world would be free to equitably exchange ideas. He explains that platforms like Twitter, which Buterin notes are often overly skewed towards Western voices, don’t adequately fill this gap. Like all innovations, he believes it will be a process that requires discussion, and the virtues of decentralized decision-making will help society to determine “what kind of a global public square or lack of one actually makes sense.”

Buterin and Tang agreed that for better or worse, social media and online communities are beginning to play a key role in geopolitics. “The war in Ukraine is definitely a watershed moment for the crypto space,” Buterin says, explaining how crypto users managed to raise more money than some nation states in supporting the Ukranian cause. But there are also risks associated with the integration of politics and digital information. For example, Russian intelligence…

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