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➡️ #BitcoinStrategicReserveAct#
— On May 7, New Hampshire became the first U.S. state to include Bitcoin in its strategic reserves. The new HB 302 bill allows up to 5% of public funds to be invested in digital assets and precious metals with a market cap over $500B.
Will this boost Bitcoin’s price? Could it set a trend for other states or countries? Share your thoughts!
➡️ #FOMCMeeting#
— The Fed will announce its May rate decision on May 8. Despite pressure to cut, markets expect no change. How do you think this will impact the market?
✍️ Post with #Bitcoin
Ethereum Founder Vitalik Buterin Praised the Altcoin Unknown to Most People!
Ethereum co-founder Vitalik Buterin stated during a discussion on the decentralized social media platform Warpcast that social philosophy plays a very important role in the development of decentralized applications.
As the application layer of Ethereum continues to grow, it is argued that strong ideological foundations and a genuine belief in decentralization are more necessary than ever.
Buterin, pointing out the impact of developers' values on the types of applications created, said, "I actually think that the growth of the application layer is precisely when we need a good social philosophy the most."
By making an analogy, Buterin likened Ethereum to general-purpose programming languages like C++, noting that while the technical infrastructure is largely unaffected by ideology, the application layer is more sensitive to the beliefs of content creators. He added, "Imagine C++ was created by a totalitarian. Would it be a worse language? Probably not... However, Ethereum is perhaps 50% general-purpose. Applications are about 80% specific-purpose."
Buterin pointed out that developers who are not committed to decentralization might overlook fundamental features such as lightweight clients, account abstraction, or the transition to proof-of-stake, which is a journey taken by Ethereum to address energy concerns. He stated that developing applications on Ethereum is significantly influenced by the vision of how blockchain technology should play a role in the world.
The privacy protocol Railgun (RAIL), has positively highlighted several projects in line with these principles, including the social network Farcaster, the prediction market Polymarket, and the secure messaging platform Signal. In contrast, the memecoin platform Pump.fun criticized applications such as the bankrupt algorithmic stablecoin project Terra/Luna and the collapsed cryptocurrency exchange FTX, describing them as examples of weak philosophical foundations that lead to harmful outcomes.
Railgun is an altcoin that is not listed on many centralized cryptocurrency exchanges, with a market value of 45 million dollars.