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Vitalik: Hope to see applications that are sustainable and do not sacrifice principles such as Decentralization, USDC, while not as good as RAI, is indeed convenient
Odaily Planet Daily News According to Vitalik Buterin’s response to netizens, he said, “The type of application I hope to see is (I) one that functions sustainably, (ii) an application that does not sacrifice principles (no permission, decentralization, etc.).” I think DEX is great, I use it every week. I think decentralized stablecoins (such as RAI) are also great. I also think Polymarket is very good. I think RAI is better than USDC, but as a practical matter, we must respect it because it is very convenient and many people are using it. This is very useful for me personally when making international donations, much more convenient than banks. We are trying to make the global economy and society more open and free, and people in emerging markets using stablecoins for free transactions is a real-life use case that is happening everywhere. USDC on the Ethereum network is much better for account-to-account transfers than within the account of a centralized exchange, and this situation often occurs. If we get many people to use USDC, it will create a situation that makes it easier for people to switch to other more Decentralization stablecoins. What I ‘don’t’ respect are basically things whose attractiveness comes from temporary sources and lack sustainability. I am not excited about the Liquidity Mining craze in 2021, because it is obviously based on fundamentally temporary Token issuance. If someone tells me, ‘Putting money here can generate decent returns,’ my question always is, ‘Where do the returns come from?’ Who is the other party in the transaction, who is paying the returns? If this question has a specific answer, and there are sufficient reasons to believe that this answer will still be correct within 5 years, then I will be very excited about it.