Ethereum($ETH ) co-founder Vitalik Buterin says the network’s core technology has matured, but real-world adoption is still lagging.
He warned that crypto could lose its soul if speculation keeps dominating over meaningful use cases.
Buterin believes blockchain has worked well as a financial system, yet failed as a tool for governance and coordination.
Early goals like decentralized social networks and public-good platforms have been pushed aside.
Instead, memecoins and short-term trading now attract most builders and users.
He stressed that abandoning social and governance experiments is a serious risk for the industry.
Buterin also argued that decentralized systems are vital in an era of powerful, centralized AI.
In his view, crypto should act as a counterweight to growing digital control, not just a trading playground.
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