{"id":33249,"date":"2020-12-11T17:58:25","date_gmt":"2020-12-11T15:58:25","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=33249"},"modified":"2025-08-28T12:53:49","modified_gmt":"2025-08-28T09:53:49","slug":"vitalik-buterin-the-community-is-ignoring-wallet-security-questions","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/vitalik-buterin-the-community-is-ignoring-wallet-security-questions\/","title":{"rendered":"Vitalik Buterin: The community is ignoring wallet-security questions"},"content":{"rendered":"<p>The cryptocurrency industry pays insufficient attention to wallet security. Ethereum co-founder Vitalik Buterin voiced this view at the laBITconf 2020 blockchain conference.<\/p>\n<p><!--more--><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">At this moment, two referents of the <a href=\"https:\/\/twitter.com\/hashtag\/crypto?src=hash&#038;ref_src=twsrc%5Etfw\">#crypto<\/a> ecosystem in an exclusive interview \u2b50<a href=\"https:\/\/twitter.com\/VitalikButerin?ref_src=twsrc%5Etfw\">@VitalikButerin<\/a> &amp; <a href=\"https:\/\/twitter.com\/aantonop?ref_src=twsrc%5Etfw\">@aantonop<\/a> live streaming <a href=\"https:\/\/twitter.com\/hashtag\/LABITCONF2020?src=hash&#038;ref_src=twsrc%5Etfw\">#LABITCONF2020<\/a> <a href=\"https:\/\/t.co\/ZMK8HkmWrw\">pic.twitter.com\/ZMK8HkmWrw<\/a><\/p>\n<p>\u2014 LABITCONF (@laBITconf) <a href=\"https:\/\/twitter.com\/laBITconf\/status\/1337082519095799810?ref_src=twsrc%5Etfw\">December 10, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Buterin noted that wallets remain difficult to use \u2014 reducing their security for technically unsophisticated users.<\/p>\n<blockquote>\n<p>&#8220;It&#8217;s still fairly easy to lose $200,000 if your wallet breaks. I have a theory that we don&#8217;t discuss this problem enough because no one wants to admit losing $200,000. If you admit it, you&#8217;ll look like an idiot,&#8221; said the Ethereum co-founder.<\/p>\n<\/blockquote>\n<p>In his view, silence on wallet-security matters creates the impression that there is nothing to worry about. However, such a stance could push people toward centralized solutions in the future, Buterin concluded.<\/p>\n<p>Earlier, Ethereum co-founder <a href=\"https:\/\/u1f987.com\/en\/news\/vitalik-buterin-central-bank-digital-currencies-will-eventually-be-convertible-into-cryptocurrencies\">spoke positively about<\/a> central bank digital currencies (CBDCs). With their emergence, he expects macroeconomic simplification and easy exchange of CBDCs for crypto assets.<\/p>\n<p>As reported, the <a href=\"https:\/\/u1f987.com\/en\/news\/ethereum-2-0-phase-zero-launch\">Phase 0 launch<\/a> of Ethereum 2.0 occurred on December 1. A week later, Buterin reported the transfer of <a href=\"https:\/\/u1f987.com\/en\/news\/vitalik-buterin-1-of-issued-eth-sent-to-ethereum-2-0-deposit-contract\">1.02% of issued ETH<\/a> to the deposit contract of the second version of the protocol.<\/p>\n<p>Subscribe to ForkLog news on <a href=\"https:\/\/www.facebook.com\/forklog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Facebook<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The cryptocurrency industry pays insufficient attention to wallet security. Ethereum co-founder Vitalik Buterin voiced this view at the laBITconf 2020 blockchain conference.<\/p>\n","protected":false},"author":1,"featured_media":33250,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1111,200,57],"class_list":["post-33249","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cybersecurity","tag-vitalik-buterin","tag-wallets"],"aioseo_notices":[],"amp_enabled":true,"views":"11","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/33249","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=33249"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/33249\/revisions"}],"predecessor-version":[{"id":33251,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/33249\/revisions\/33251"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/33250"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=33249"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=33249"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=33249"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}