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Co-founder of Ethereum Vitalik Buterin has expressed serious worries about the speed at which superintelligent artificial intelligence (AI) referring to it as risky in light of the ongoing changes in OpenAIs leadership.

Vitali has expressed on X, addressing three core issues: the risks of superintelligent AI, the benefits of open AI models, and the need for balanced regulatory measures.

Jan Leike, the former head of alignment at OpenAI, recently announced his resignation, citing a breaking point with the companys management regarding its primary aims. Leike said that the advancements in artificial general intelligence (AGI) at OpenAI have caused safety culture and processes to take a backseat to shiny products.

The concept of AGI, which is predicted to be on par with or even more advanced than human cognitive capacities, has already started to scare industry insiders. They claim that the world is not prepared to handle such superintelligent AI systems.

This feeling is in line with Buterins opinions where he expressed his current views on the subject, stressing that we shouldnt respond hastily or retaliate violently against those who attempt.

Buterin emphasized the need for open models that operate on consumer hardware as a hedge against a scenario in which the majority of human thought would eventually be able to be read and mediated by a small group of corporations.

He added, Such models are also much lower in terms of doom risk than both corporate megalomania and militaries.

Buterin also advocates for a regulatory framework distinguishing between small and large AI models, supporting lighter regulations for smaller models and stricter controls for larger ones. However, he worries current proposals might eventually classify all AI models as large, stifling innovation.

He notes that models with 70 billion parameters (which he runs) should be considered small, while those with 405 billion parameters should face more oversight.

Also Read: Vitalik Buterin Advocates for Free Speech in Crypto Space

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Vitalik Buterin Cautions on AI Risks Amidst OpenAI Leadership - Crypto Times

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Vitalik Buterin warns about dangers of superintelligent AI - Crypto Briefing

In a recent blog post, Vitalik Buterin expressed his opinions on three key issues regarding the decentralization of Ethereum: MEV, liquid staking, and node hardware requirements.

Buterin explained that many of the concerns related to the centralization of Ethereum can be addressed through smart protocol designs and updates, some of which are already being implemented.

Lets see below all the details.

As anticipated, Vitalik Buterin, co-founder of Ethereum, responded to the criticisms directed at the blockchain in a detailed blog post, analyzing three fundamental issues for the centralization of Ethereum.

MEV (Miner Extractable Value), liquid staking and hardware costs for managing a single node are the three key points.

Buterin has observed that concerns about the design of Ethereum in these three key areas are widely shared and added:

These are concerns I have personally had on many occasions.

However, according to Buterin, these problems might not be as difficult to overcome as some argue.

In his post, published on May 17th, Buterin first addresses the issue of MEV, which is the financial gain that sophisticated node operators can obtain by reordering transactions within a block.

Buterin distinguishes two approaches to MEV: minimization (reducing MEV through the design of intelligent protocols, like CowSwap) and quarantine (attempting to reduce or eliminate MEV altogether through in-protocol techniques).

Although the MEV quarantine may seem like an appealing option, Buterin notes that this perspective carries some risks of centralization:

If builders have the power to completely exclude transactions from a block, attacks can easily arise-

However, Buterin has supported builders working on MEV quarantine through concepts like transaction inclusion lists, which take away the builders ability to completely exclude transactions from a block.

I think that the ideas in this direction really pushing the quarantine box to be as small as possible are really interesting, and I am in favor of going in that direction.

Vitalik Buterin has addressed the issue of the low number of solo stakers on Ethereum.

In particular explaining that many prefer to use centralized staking providers like Coinbase or decentralized solutions like Lido and RocketPool.

This choice is due to the complexity, hardware requirements, and the minimum of 32 ETH needed to run an Ethereum node independently.

While acknowledging the progress made in reducing the costs and complexity of managing a single node, Buterin emphasized that there is still more that we could do.

Suggesting the possibility of reducing the time required to withdraw ETH in staking or lowering the minimum requirement of 32 ETH to become a solo staker, as stated:

Incorrect answers could lead Ethereum down a path of centralization and recreation of the traditional financial system with additional steps; correct answers could create a shining example of a successful ecosystem with a wide and diversified set of individual stakers and highly decentralized staking pools.

Regarding the high hardware requirements for nodes, Buterin admitted that the issue is more complex.

However, he acknowledged that with the implementation of Verkle Trees and the upcoming EIP-4444, the hardware requirements of a node could plausibly eventually decrease to less than one hundred gigabytes, and perhaps almost to zero if we completely eliminate the responsibility of storing the history (perhaps only for non-staking nodes).

Buterin concluded his post urging the Ethereum ecosystem to confront difficult questions rather than avoid them:

We should have a deep respect for the properties that make Ethereum unique and continue to work to maintain and improve those properties as Ethereum grows.

In a post on X, Buterin added that he is happy to see a civil debate among community members:

I am really proud of the fact that Ethereum does not have a culture that tries to prevent people from expressing their opinions, even when they have very negative feelings towards important things in the protocol or ecosystem. Some wave the ideal of open discourse as a flag, others take it seriously.

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Vitalik Buterin is concerned about the decentralization of Ethereum - The Cryptonomist

Recently, one of the events that has attracted significant attention was the transfer of 80 ETH, equivalent to about 300,000 dollars, by Vitalik Buterin, the co-founder of Ethereum, to the privacy protocol Railgun.

Questo evento non un caso isolato, dato che Buterin ha collaborato con Railgun per diversi mesi, effettuando frequentemente transazioni di piccole quantit.

Vitalik Buterin is one of the most influential figures in the world of cryptocurrencies. Born in Russia and raised in Canada, Buterin co-founded Ethereum in 2015, a platform that has revolutionized the blockchain sector thanks to the possibility of creating smart contracts and decentralized applications (dApp).

His vision paved the way for a new era of technological innovation, making Ethereum one of the leading cryptocurrencies in the world, second only to Bitcoin in terms of market capitalization.

Railgun is a privacy protocol for cryptocurrencies based on Ethereum. Its main purpose is to improve the privacy of transactions on the blockchain, using advanced technologies such as zk-SNARKs (zero-knowledge succinct non-interactive arguments of knowledge).

These technologies allow for completely private transactions, hiding the details of the transactions without compromising the security and integrity of the blockchain.

The relationship between Vitalik Buterin and Railgun is not new. In recent months, Buterin has shown a growing interest in privacy solutions for cryptocurrencies, recognizing the importance of protecting user confidentiality in the context of financial transactions.

During this period, Buterin made numerous small-quantity transactions via Railgun, testing and actively contributing to the development of the protocol.

The recent transfer of 80 ETH, equivalent to approximately 300,000 dollars, represents one of the most significant movements made by Buterin towards Railgun.

Questo gesto pu essere interpretato come un segnale di fiducia nei confronti del protocollo e della sua capacit di garantire la privacy delle transazioni. Inoltre, potrebbe indicare che Buterin vede un grande potenziale in Railgun, sia come strumento per proteggere la privacy degli utenti di Ethereum sia come possibile innovazione per lintero ecosistema delle criptovalute.

The issue of privacy has become increasingly central in the debate on cryptocurrencies. Although the transparency of transactions is one of the fundamental principles of blockchains, it can entail significant risks for user privacy. Sensitive information can be tracked and analyzed, putting the security and anonymity of users at risk.

Solutions like Railgun aim to address these challenges, offering tools that allow for maintaining privacy without compromising the transparency and security of transactions.

The collaboration between Vitalik Buterin and Railgun could have important implications for the future of Ethereum and cryptocurrencies in general. If Railgun manages to demonstrate its effectiveness on a large scale, it could become a standard for private transactions, improving adoption and trust in cryptocurrencies.

Moreover, the support of a prominent figure like Buterin could attract the attention of other developers and investors, accelerating innovation and the adoption of privacy solutions.

In conclusion, the transfer of 80 ETH by Vitalik Buterin to the Railgun protocol is a significant signal in the world of cryptocurrencies. It represents not only a step forward towards the protection of user privacy, but also a demonstration of trust and support towards innovative solutions that could redefine the future of transactions on blockchain.

The collaborazione tra Buterin e Railgun continua a essere un elemento cruciale da osservare per chiunque sia interessato allevoluzione delle criptovalute e delle tecnologie di privacy.

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Vitalik Buterin transfers $300,000 to the privacy protocol Railgun - The Cryptonomist

Vitalik Buterin, Ethereums co-founder, recently addressed key decentralization challenges facing the Ethereum network in a detailed blog post.

Buterins insights focus on three critical areas: Miner Extractable Value (MEV), staking complexities, and hardware requirements for running nodes. He emphasized that while concerns about Ethereums design are widely shared, these issues might be easier to resolve than some suggest.

MEV refers to the profit block producers can gain by reordering, including, or excluding transactions within a block. MEV allows those who produce Ethereum blocks to manipulate transactions for extra profit.

This manipulation can make the system unfair, giving an advantage to those with more resources and technical know-how. It undermines trust in the network, making it harder for more minor participants to compete. Buterin outlines two primary approaches to mitigate MEV: minimization and quarantining.

MEV minimization reduces unfair value extraction through protocols like CowSwap, promoting fair trading. Encrypted transaction pools (mempools) prevent exploitation by hiding transaction details until they are confirmed. This approach allows all participants, regardless of resources or technical skills, to engage fairly, enhancing trust and decentralization in the network.

Read more: What Is Maximal Extractable Value (MEV)?

MEV quarantining limits the impact of MEV by separating the roles of validators and block builders through Proposer-Builder Separation (PBS). This setup means that those proposing transactions do not have the power to include them in blocks, reducing the risk of value extraction. Vitalik also suggested that inclusion lists, which mandate certain transactions in a block, could be a solution.

We need to make the MEV quarantine box as small as possible, Buterin wrote.

Solo staking on Ethereum currently demands a minimum of 32 ETH and significant technical expertise. This requirement leads many to use services like Lido and RocketPool, risking decentralization.

Buterin proposed a few solutions to reduce hardware and data storage needs for nodes. Technologies like Verkle trees and EIP-4444 could reduce storage needs to less than 100 gigabytes, making it feasible for nodes to run on personal devices. He also suggested lowering the 32 ETH minimum for staking.

Ethereums co-founder envisions a future where even browser extension wallets could operate nodes. However, he acknowledges the challenge that offloading data storage responsibilities might centralize trust to a few large actors.

Read more: 9 Best Places To Stake Ethereum in 2024

Incorrect answers could lead Ethereum down a path of centralization and re-creating the traditional financial system with extra steps,' he warned.

Buterins call to action is clear: respect Ethereums unique properties and continue improving them as the network scales. By addressing MEV, simplifying staking, and reducing node hardware requirements, Ethereum aims to enhance its decentralization and resilience.

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italik Buterin's Insights: Addressing Ethereum's Centralization Risks - BeInCrypto