Vitalik Buterin, Ethereum founder, working towards ETH success story, is not shaken by trolls, because he is resilient and knows where and how the ETH blockchain is heading to. He is composed and cool about how things progress.  He knows the elephant in the room and is not interested in answering trolls and is up to provide insight into any concern related to blockchain.

Vitalik.Eth tweeted:  “Mini tweet storm: why I don’t believe the most recent “PoS won’t work because staking will get outcompeted by lending” hype and you shouldn’t either.” He further opined that privacy is perennially important.

In the years to come, Buterin states that some form of (secure, decentralized, robust) proof-of-unique-human is going to be a very valuable primitive for applications in the years to come.  Also expressed, that there is likely no one-size-fits-all solution; rather, complex trade-offs between inclusiveness, robustness, decentralization, and cost. Hence, value in building out multiple approaches in parallel.

When talking about privacy one of the twitter enthusiasts clarified that when it comes to establishing an identity system, the goal would be to make it easy for people to get one identity, but difficult to get more than one identity. One identity is difficult to hold, while many identities are hard to hold.

Of note in the past, Buterin had stated, “identities is both impossible and potentially harmful even if we do succeed.”

So, all of these discussions are rocking the blockchain industry in the process of making the best out of contact tracing apps during the Covid crisis.

Sydney Ifergan, the Crypto Expert, tweeted, “Tracy App an Open-Source App built on Ethereum Blockchain and IPFS-based MoiBit helps trace location history in an anonymous way, particularly useful for tracking Covid-19 Contacts.”

Ethereum (ETH) PoS Return

A reply to the Vitalik tweet on PoS in the thread trends stating that only stable coins are in demand in the lending markets. Also that ETH is not and that it would not be probably for a while, unless it will go towards a mega-bubble where it becomes attractive to short it by borrowing in the secondary markets.

Somebody else elaborated on the thread, stating that PoS will likely create a demand to borrow ETH, which presently does not exist. And, that professional stakeholders should borrow ETH until the interest rate + return requirement will be equal to PoS return.

In short, delegation is considered to be an encumbered loan.