Ethereum Founder Vitalik Buterin Makes Statement on the Future of Cryptocurrencies! “There Are Three Urgent Matters”

Ethereum co-founder Vitalik Buterin, in a recent interview in China, stated that Decentralized Social (DeSoc) solutions top the list of applications he most wants developers to build, followed by “smarter” DAOs.

Buterin noted that he observed a departure from these goals at the implementation level; a significant portion of the energy and capital in the sector was shifting towards products that did not generate “social value.”

In the interview, Buterin summarized his current motivations under three “urgent” headings: preventing cryptocurrencies from spiraling into a “doomsday scenario” and becoming 100% speculative, advancing Ethereum technology further, and preventing the future from succumbing to a centralized AI-controlled order. According to Buterin, if the cryptocurrency ecosystem fails, the risk of centralized AI becoming dominant in the technology world will increase; therefore, crypto can serve as a line of defense in protecting “openness and freedom.”

Buterin noted that Ethereum has made significant progress in scaling over the past year (e.g., increased gas capacity, the deployment of zkEVM, improvements in wallet experience), but his main concern lies in the application layer: He stated that despite the large number of applications being created, if a significant portion of them lack “real social meaning,” decentralized technology could be reduced to “toy or casino”-like products.

Buterin exemplified this shift in direction at the implementation layer with the memecoin boom. In the interview, he interpreted the possibility of Donald Trump releasing a memecoin in early 2025 as a sign of “where the industry has come to”; then, he argued that with the emergence of a second token (MELANIA), the first token (TRUMP) would become “effectively irrelevant”.

The rapid rises and sharp falls of memecoins associated with political figures have fueled debates about market confidence and reputation.

According to Buterin, the fundamental need on the DeSocial Security (DeSoC) side is social networks that don’t lock users to a single platform; they offer portability and true ownership. For DAOs (Digital Access Automobiles), instead of simply “conducting token voting and moving on,” deeper thought and more experimentation are needed to design governance aligned with the organization’s goals.

*This is not investment advice.