Crypto pulled off its big upgrade. Even larger ambitions await.

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Crypto pulled off its big upgrade. Even larger ambitions await.
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  • 📰 washingtonpost
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The platform that hosts many of the world’s NFT and cryptocurrency trades just completed one of the trickiest upgrades in modern technology. Now come the really big goals.

, propose a new way of voting they say better captures preferences: by allowing people to register not just a simple yes-or-no vote on a ballot but how strongly they feel about their yes and no.as deeply transformative as the industrial-era advent of mostly-free markets and constitutional democracy,”slowly complementing or even supplanting NFTs, or “non-fungible tokens,” with SBTs, “soulbound tokens,” a term borrowed from gaming in which digital assets are forever tied only to one person.

“One thing I’ve found about Vitalik is that his new ideas often don’t seem to account for human behavior or potential abuse,” she added.A different Buterin proposal would allow a city’s citizens, not politicians, to make governance decisions directly, with algorithms in place to keep things tallied and fair. People

Those who work with Buterin say he wants to reimagine web3 and ethereum before they get even more entrenched as get-rich-quick schemes than they already are. And for all the benefits of the Merge, there’s little evidence yet that even an improved ethereum can help Buterin’s ideas flourish in the real world. Simply accommodating more users does not guarantee a shift from a financial to a social tool.

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