Is Meme Coin a drag on innovation in the cryptocurrency industry? V God recommends exploring more ZK technology, decentralized social networking, prediction markets, etc.

This site (120btC.coM): In this bull market, the popularity of Meme coins far exceeds other narratives. When mainstream currencies are still in shock and downturn, Memecoins buck the trend and rise. This wealth-making trend has attracted many novice investors, who would rather invest a large amount of money in the Meme currency market than buy BTC or ETH.

Regarding this situation, a community user 0xDesigner posted an article yesterday saying why Meme currency can continue to dominate the encryption market and is worried about the encryption market dominated by Meme currency:

I understand why Meme Coins can have a place. But why does it "still" dominate?

Each cycle expands the functionality and scope of cryptocurrencies:

• Decentralized

• Tamper-proof currency

• p2p, cross-border payment

• Programmable currency

• Permissionless financial services

• Digital Asset Ownership

In my opinion, these are all net positives. But where will Meme Coin take us? There is no compelling vision of how they might extend into or improve everyday life.

Of course, they are entertainment products and a new way to make money from attention. But it's not as lasting or inspiring as previous versions. I promise that I am sincerely willing to change my mind.

In fact, despair. To be honest, all of my Meme coin-related design concepts feel forced. It is sucking energy from cryptocurrencies. I know I'm not the only one who feels this way.

As soon as the tweet came out, it immediately aroused widespread discussion in the community. Vitalik Buterin, co-founder of Ethereum, also left a message on Twitter to express his views.

Buterin provides multiple future development directions for cryptocurrency

Under the tweet, Buterin did not directly respond to his views on Meme coins dominating the cryptocurrency market, but Buterin gave several The future direction of cryptocurrency worth developing:

• zk credibility/identity/credential

• p2p cross-border payment (the cost of this cycle is significantly reduced and fast Improve user experience)

• Decentralized Social

• Prediction Market (It is actually available this week)

• Privacy

• Enterprise apps via zkvalidium

• zk+censorship-resistant voting

Among these, V God provides a variety of application scenarios for zero-knowledge proof (ZK) technology. As for other development directions, Buterin has also continued to pay attention to and participate in:

• P2P cross-border payment: Buterin mentioned that "the cost of this cycle has been significantly reduced and the user experience has been rapidly improved", which corresponds to the current situation. Ethereum gradually transfers the execution layer to Layer 2, greatly improving the user experience.

• Decentralized Social: Buterin has repeatedly praised the decentralized social protocol Farcaster, and Buterin is also a loyal user of Farcaster.

• Privacy: Buterin has repeatedly mentioned the importance of "privacy" and participated in the privacy address project Nocturne. However, the current attitude of various governments towards the supervision of privacy agreements is not friendly. Nocturne also recently announced it would cease operations.

• Prediction market: As early as 2021, V God issued an article stating that the prediction market has huge potential, and V God also participated in Polymarket, the largest cryptocurrency prediction market protocol at present. The project has Completed two rounds of financing to raise US$70 million.

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