Author: @VCMarine
Translated by: Plain Blockchain
1: Balaji says Ethereum is the center-left of cryptocurrency. Vitalik is committed to building public goods. He pursues programmable equality, decentralized institutions, and fair coordination. Balaji belongs to the center-right. He pursues opt-out and autonomy. Ethereum has become a home for "technocratic left-wing".
2: DeFi is becoming safer, but not yet completely safe. Vitalik: "Risks are approaching traditional finance." Balaji: "You risk 100% loss to gain 5% yield." Protocols are only truly safe after experiencing a crisis, not just through audits. Time > Total Loss Limit.
3: The US dollar is not as safe as you might imagine. "Only invest dollars you can afford to lose." This sounds like a meme. But for billions of people in Argentina, Nigeria, and Lebanon, this is already a fact. Stablecoins are now infrastructure (not an experiment).
4: The definition of DeFi is changing. Balaji: "It is the successor after the system ends." Not an upgrade, but a replacement. Always online, borderless, composable. DeFi is more than just better pipes. It is a different physics of value. (Received enthusiastic applause)
5: Cryptocurrency will not weaken the US dollar, but it will expose the US dollar. Vitalik: 99% of stablecoins are backed by US dollars. But this will consolidate the dollar's dominance until it no longer does. Once fiat currency goes online first, it will lose its geographical monopoly. Fiat currencies will die like newspapers (slowly, and then all at once)
6: Prompts will continue to exist. Balaji: "Prompts are programming in English." This is not a workaround, but a skill. AI will not replace humans, but it will amplify the most acute individuals. Clarity = leverage.
7: AGI? Not a god, just a founder. Vitalik: "When AGI establishes a profitable company, it will be real." This is measurable. Practical. Balaji agrees: AI is not goal-seeking, but pattern matching. The world still runs on human intent.
8: DeSci = DeFi for the medical world. Today's medical system profits from diseases. DeSci disrupts this. Truth above all. Peer verification. Science as code, not pharmaceutical marketing. Balaji's bet: DeSci is the true alternative to institutional decay.
9: Ethereum needs a North Star. DAU? Price? TVL? Vitalik: Just make people use it. Balaji: DeFi is the post-fiat matrix. Once value goes online, everything can be traded. No bank liquidity. Borderless markets. (Asked many questions, I can't reveal xD)
10: Systems will not be reformed. They will be rebuilt. Balaji believes the internet is opposed to DC. Vitalik believes cryptocurrency is a system with fairer rules. Both agree: The old world is collapsing. The next world will not be built in DC. It will be coded. On-chain.
Article link: https://www.hellobtc.com/kp/du/04/5757.html
Source: https://x.com/VCMarine/status/1914677028743487818
