Elon Musk is getting deeper and deeper down the habit hole. After yesterday’s mysterious tweet which read simply “,” the Tesla chief then asked founder Vitalik Buterin for suggestions on what to develop on the platform.
What should be developed on ?
— Elon Musk (@elonmusk)
Buterin responded with a list of 13 real-world use cases for and technology. The list included everything from payments to insurance to new governance systems. Here’s Vitalik Buterin’s list in full.
1. A globally accessible financial system
Buterin highlights most obvious use case – financial infrastructure. The founder suggested payments, a of value, and insurance. Insurance might chime with the Tesla CEO who recently announced a new .
My top picks (1):
* A globally accessible financial system, including payments, of value, also more advanced stuff like insurance
* Identity: “sign in with Facebook” -> “sign in with an account, no intermediaries”. Also web of trust…— Vitalik Non-giver of Ether (@VitalikButerin)
2. “Sign in with Ethereum” options
Buterin told Musk that could be used to replace the ubiquitous “sign in with Facebook” option. He said it should be replaced with a “sign in with ” button to completely bypass intermediate companies.
3. Secure and transparent registries
Aside from financial applications, can also be used to record data securely and with better transparency.
(2)
* All sorts of registries should publish on chain for security and easy verifiability, see my thread on this
* Experimenting with new forms of human organizational structure, eg.
* All sorts of micropayment use cases via payment channels…— Vitalik Non-giver of Ether (@VitalikButerin)
4. Experiment with new forms of governance and human organization
Vitalik Buterin pointed to – a “decentralized autonomous organization” pioneering a completely decentralized form of governance, executed by smart contracts.
5. Micropayments
Beyond the globally accessible financial system, Buterin highlights the power of micropayments specifically.
6. Markets for personal data
“For privacy preserving machine learning (you pay me X, I let you homomorphically execute function Y on my data that’s been attestated to by Z…)”
7. Spam prevention in social networks
(3)
* Markets for personal data for privacy preserving machine learning (you pay me X, I let you homomorphically execute function Y on my data that’s been attestated to by Z…)
* Cryptoeconomics for spam prevention in social networks— Vitalik Non-giver of Ether (@VitalikButerin)
8. Micropayment schemes for publishers of good content
Buterin is likely referring to initiatives like Steem which rewards writers for creating content and Brave which aims to compensate publishers in place of advertising revenue.
(4)
* Cryptoeconomics / micropayment schemes to reward publishers of good content
* Testing ground for new market designs, eg. frequent batch auctions, combinatorial auctions, automated market makers (eg. )
* Stickers/badges— Vitalik Non-giver of Ether (@VitalikButerin)
9. Testing grounds for new market designs
The founder points to decentralized markets like uniswap.exchange and new ideas for auction markets.
10. Charity stickers for donations
In the past, Vitalik Buterin has promised to donate thousands. could help develop branded stickers that acknowledge donations.
The current cryptokitty drama is a good time to bring up the old idea of charity stickers. Donate 0.1/1/10/100 ETH to }, get a branded sticker. As many ETH chat apps as possible (leeroy, status, etc) can “recognize” these stickers, and show them beside a user’s profile.
— Vitalik Non-giver of Ether (@VitalikButerin)
11. Peer to peer marketplaces for internet connections
(5)
* p2p marketplace for internet connections / incentivized mesh networks
* Identity, reputation and credit systems for those that currently have few resources (eg. refugees)
* Decentralized DNS alternatives (eg. )— Vitalik Non-giver of Ether (@VitalikButerin)
12. Identity, reputation, and credit systems
Specifically, identity systems for those without access to resources, such as refugees.
13. Decentralized DNS alternatives
Domain name servers are incredibly reliant on centralized systems. Decentralized alternatives like and are arguably more democratic and more secure.
Elon Musk’s obsession with cryptocurrency
This isn’t the first time Elon Musk has engaged with the crypto community on Twitter. He was ceremoniously appointed the CEO of Dogecoin before declaring the meme coin his favorite .
Dogecoin might be my fav . It’s pretty cool.
— Elon Musk (@elonmusk)
Looks like you’re the CEO now , DM us where to email the access codes 😀
— Dogecoin (@dogecoin)
Musk later retired his CEO title, changing his Twitter bio to “Former CEO of Dogecoin.”
Elon Musk moves ETH price?
Musk’s latest Twitter antics appear to have up 3.25 percent in the last 24 hours. As EthHub developer Anthony Sassano pointed out, search interest in also shot up in the hours following Musk’s tweets.
Google search trends the moment tweeted about 🔥🔥🔥
— Anthony Sassano (@sassal0x)
It remains to be seen whether Elon Musk will tap the for Tesla or SpaceX.
Published at Tue, 30 Apr 2019 14:17:13 +0000
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