Vitalik Buterin reveals Ethereum at Bitcoin Miami 2014

Vitalik Buterin, Founder and Inventor, introduces Ethereum at the Bitcoin Miami conference 2014. Vitalik received a standing ovation for the project which stands to change how the world relates to currency and financial instruments.

[@encrypt3dbr0k3r]

Will never forget this...Shortly after this presentation, when ETH launched I purchased my first Ether for .60 USD. Since then my life has never been the same. Thank you Vitalik, what you have created will change Earth forever... I promise to use my new found wealth to make the world a better place and always do the right thing. God bless Brother

[@whynosaur]

Well, I just got here so let's hope I'm early too.

[@vm2113]

Are you happily retired

[@roberts.8389]

@@vm2113 you only retire when you hate what you do

[@vm2113]

@@roberts.8389 Yep I hate what I do and hence the question 🙃

[@lethingoc6851]

Nói phét nếu bạn mua giá 0,6 S

[@leonvking0]

8 years ago, this guy described NFT, Oracles, stable coins, DEX, IPFS, social-fi... What a legend! He created future

[@etislate9146]

He createt Shitcoin Casino

[@itswazowski]

little rule I've learnt: vitalik is always 10 years ahead of everyone else

[@squarecracker]

@@etislate9146 nobody that was actually there in 2014 had that attitude. vitalik understand bitcoin better than you ever will

[@jimnuevo3937]

@@etislate9146 losers say this

[@AeroPR]

24:48 Instead of dropping the mic, Vitalik dropped himself. Genius!

[@LeGingeMusik]

I traveled 6 hours and snuck into this conference I think I was 18 or 19. I had camera equipment saying I was press. Was so fortunate to hear this presentation it completely blew my mind! Cheers to your success Vitalik!

[@abhisheksinha9027]

I started coding on Ethereum in late 2016. I was a college dropout and no background in coding in 2014. Today I have a successful blockchain career. This presentation is where it all really started.

[@TomekSamcik69]

A higher-level scripting API to easily and dynamically extend blockchain. This is going to be Big.

[@benjaminmbrown]

You were right

[@alejandroortegafigueroa7574]

so right bro!

[@time_less9039]

Can I have some eth?

[@opinionnerd2675]

Let me add: this is the inmediate future of private negotiation.

[@gary3510]

You were majorly correct. Do you still see good things with ethereum 2.0 or any other projects...cardano, polkadot?

[@opinionnerd2675]

I hope someday the world recognizes this young man as what he is: a legend currently transforming the roots of our civilization.

[@jemsbond5708]

I am from the future (2021) ETH kicking BTCs ass

[@dieglhix]

nah

[@jimnuevo3937]

@@jemsbond5708 what future

[@dpqd1]

It's good to rewatch history.

[@rudranshkhurana986]

9:28 His processor just refreshed

[@NajibElMokhtari]

.. and the rest is history..

[@obento4293]

20:58 "You could have currencies with pictures of dogs on them" - Vitalik Buterin, 2014.

[@geetatanti8448]

Ya, cat as well 😁

[@jimnuevo3937]

dogecoin already existed before his speech

[@serekezerayesus2081]

Nov 03, 2021. 1 ETH= $4555.50. Vitalik is transforming the world through ground breaking innovation! ICP= $ 45.99 will be the next ground breaking innovation!

[@OM3N1R]

1000 ETH per bitcoin during the fundraising phase. Golly

[@Greendragon420able]

Jesse Rockwell 2000 actually

[@owenwaldo]

think of that now!

[@GaryLachance123]

The Future Will Not Be Centralized! #ethereum #bitcoin #dogecoin #decentralized

[@BrentNally]

Thanks for all you do Vitalik! Please invest in yourself with my crypto vlog series! kzbin.info/aero/PLGjySL94COVRvZN7CNyp7Oc9Eva6Ebij4 All the best, Brent

[@kyletai3703]

You were ahead of your time

[@otter_cookies7590]

Back when bitcoin community wasn't toxic.. miss those days.

[@ForceOfWizardry]

Finally, better video and audio.

[@jackcutler3413]

Vitalik was just a few days shy of 20 when he gave this speech... really makes you wonder what you were doing at that age!

[@leonvking0]

I was wearing diaper

[@gumbahasselhoff]

Playing RPGs instead of studying

[@mathanh.mission]

He is not human, he is alien reincarnate into earth.

[@berrex5152]

being an idiot and not investing.. but were still early!

[@CraigDG]

Could the platform be used to transfer time credit remaining on a parking meter ticket. I have wanted to create some sort of app so when say you purchase a parking ticket to display on your vehicle for say 2 hours, but you end up not needing that space for 2 hours, you end up only needing it for an hour, well you have a whole hour credit left, and the council or state govt gets a free hour of parking revenue from you. Would it not be better and in community spirit to be able to transfer that one hour credit to another parking vehicle on the spot. Food for thought, can we use ethereum to do that?

[@dowiee2694]

Of course! I'm picturing a mapping of sorts from address to balance, and a mapping from address to origin block. On the canceling of or conclusion of said ticket, the origin block is compared to the latest block, and the remainder is randomly allowed to an entry in the mapping. Here's some pseudocode: mapping(address => uint) balances; mapping(address => uint) originBlock; finishUsingTicket() { balances[randAddr] += (block.number - originBlock[msg.sender]; }

[@Ulderf]

am lucky to be living in the same era as this legend, and am glad that this video will exist for posterity, so future generations can see this in its original form, instead of reading it in a textbook or vis-à-vis some interpretation

[@mariaritchie9454]

It's such a pleasure to listen to this genius. Molodec Vitaliy!🥰

[@maxcanew8126]

Nice talk, looking forward to the conferences in 2016.

[@antonyneal]

This guy is the anti-death-star of human intellect.

[@phrenzy1]

With the color coins, can you track individual satoshi? Like would someone have to hold a whole colored/tagged bitcoin or could you track fractional spending on it? The reason I ask about the satoshi is because it would minimize the cost of the token, otherwise you're having to pay $450 for your color coin on top of the commodity it represents.

[@rayforray24]

I'm 462 in this comment section of the original video of the introduction of etherium... this video will one day be one of the biggest NFT!!! Mark my words!!!

[@tinkeroldham]

Amazing to see what young people are capable of if they are allowed to pursue their dreams. From a young child tapping on his first calculator to this...

[@ImBadGamer]

It's beautiful, everything described in this presentation is materializing right now. The tech is finally becoming ready.

[@peerzadaaabid956]

Why did KZbin suggested me this video back then🙄. thank God I noticed ETH @ $125.

[@zertsekel]

Mind blowing to say the least!...

[@centroneinvestmentsinc9032]

Kosta Zertsekel did you invest after watching this video? You drive lambo now?

[@vasilnikolla8595]

@@centroneinvestmentsinc9032 did YOU?!?!?

[@centroneinvestmentsinc9032]

@@vasilnikolla8595 I has 277 ETH and 12.6 BTC and sold it all like a fool I was actually to early for once. (Sad Face)

[@JasonMomos]

@@centroneinvestmentsinc9032 That's okay. At least you realized the potential early on. Opportunities will pop up again. Keep your eyes peeled.

[@SeanThomasAndrews1]

Thanks Stephen!

[@itswazowski]

this is so legendary

[@Torrentialrx]

When is this thing finally launching ? i cant find much information about a launch date online, thanks a bunch for any information in advance :)

[@cryptozozo6276]

G.ea.M it's out now!

[@RAF_Ai]

this video will get 100 million views in a few years. now its just 100 k

[@Veganphobic]

Eth= $355 11-14-17 I bought 20

[@Flippy1565]

send me one bro

[@dayl4151]

$202 on 5/25/20 ...bought 21

[@sinchan56]

Now 1200

[@kelvinman1715]

Now 1800

[@sinchan56]

@@kelvinman1715 2030:- 20,000$

[@seila6240]

*MOMENTOS ANTES DA DESGRAÇA ACONTECER...* #ForçaPiu

[@roberts.8389]

Can I get a time machine ?

[@Rizwan_Mir]

93 k views..... Nov 2021 It's just beginning for Ethereum!

[@incaseofsuccess]

Who's watching this in 2019?

[@rosemaryobichukwu6406]

Lol.. you!

[@DaraghHurley]

2020

[@rosemaryobichukwu6406]

It was 3 months ago Daragh

[@Simon-vy8fe]

Not me for sure.

[@luisalfredoacostaurgelles940]

Great video content! Excuse me for butting in, I am interested in your initial thoughts. Have you heard about - Vaneath Crypto Cabotage (search on google)? It is a smashing one of a kind product for making a fortune with this simple stock trading trick minus the headache. Ive heard some amazing things about it and my mate after many years got cool results with it.

[@dadapera]

Is this a "Steve Jobs introduces the iPhone" moment?

[@juliena515]

J'étais là.

[@fedaykun614]

Januari 2018, 1 ETH = $1146

[@0xNiko]

March 2021, 1 ETH = $2101

[@brycewetzel196]

April 2021, 1 ETH = $2790

[@FrancoMartinez404]

May 2021, 1 ETH = $2950

[@moecharara28]

May 12 2021. 1 ETH = $4350

[@flexstate1251]

May 19 2021, 1 ETH = $2661 p a i n

[@bailahie4235]

Only 63000 views so far, for a talk that is so far ahead of its time... That explains why our global economy is still such a primitive mess ;-)

[@AltcoinForums]

i like some of the ideas you have for ethereum. Its great to see people do development for the blockchain beyond using it as a currency.

[@OA-B]

Hmm, hope you bought some!

[@BrentNally]

Thanks for all you do Vitalik! Please invest in yourself with my crypto vlog series! kzbin.info/aero/PLGjySL94COVRvZN7CNyp7Oc9Eva6Ebij4 All the best, Brent

[@Cookieforevah]

Glad to be part of history.

[@kaiojv87]

Porra , quem diria ethereum bateu 4000 mil em 2021. Só faltava dinheiro nesse ano.

[@AW-pi1dn]

I remember watching this in 2015 and thinking hmm maybe I should invest.. flash to 2021 I'm thinking why didn't I invest?!?!

[@KevinBeal]

Javascript actually was around in the early 90's, but it wasn't until it could do XHR that it became as powerful as it is today. That it could do large scale applications without a page reload. If you pay close attention, this page you are viewing right now is actually not doing a full page load when you go to another video. By using javascript to handle the content of the page, the youtube developers have a lot more control over the user experience of watching videos. If I understand it correctly, Ethereum is not just the language but the "XHR" already established from the beginning. It may well be the case that Ethereum is a lot more successful than javascript for that reason, or faster growing anyway.

[@Schnupfndrache7]

Kevin Beal good point

[@benjaminmbrown]

You were right

[@HassanPoyo]

Damn I hope you’re rich now.

[@KevinBeal]

@@HassanPoyo I bought a house with my gains. If I’d have HODL’d I would have had a portfolio in the multiple millions. Lesson: always HODL

[@HassanPoyo]

@@KevinBeal wow thats crazy congratulations, im surprised you replied. I’ll learn your lesson and HODL for years to come :) do you still have any ETH

[@konfushon]

and so it began...

[@djnacar]

Blown away you're a genius

[@Northeagle66]

20:10: Let's have thousands of currencies. Instead of paying taxes to a corrupt or unefficient government, you use a currency that funds also medical research for the benefits of the entire world.

[@colmxbyrne]

chatgpt:The video describes the two main aspects of Bitcoin: the decentralized currency and the blockchain technology. The decentralized currency allows for easy and cheap transfers of money around the world, while the blockchain is a global, trust-free, peer-decentralized database that allows for the secure and incentivized transfer of data. The speaker, Vitalik Buterin, also mentions the possibility of using the blockchain for other purposes, such as digital assets like gold and smart contracts, which are self-executing agreements with the terms of the agreement written into code.

[@BraintemOrg]

september 2017, 1 Eth = $286

[@TheParaSIET]

October 2017, 1 Eth = $299

[@testsignupagain7449]

Nov 2017, 1 Eth = $330.49

[@Cova]

December 2017, 1 Eth = $701

[@YFisakov]

January 2018, 1 Eth = $894

[@72dodge340]

Still January 2018, 1 Eth = $1084

[@WayzYs]

only 89k views, this is absurd!

[@FainTMako]

This is legendary is so many different ways. The guy at the end was so eager to get vitalik off the stage at that time.

[@shifter399]

This video will one day go viral. Ethereum will take over the internet and world!

[@jfjdcentofo]

Just randomly browsing the comments to see what people were thinking of it in 2014

[@xfgsfzd]

the dj vitalik :P

[@sumeghthale683]

You have my respect Mr.Vitalik 🙌

[@vysakhashok]

This is Vysakh From Kerala, India. Just entered into the world of Crypto by buying Ethereum of Rs. 100 . I wondered that this videos has only 94k views. The founder of 2nf valuable Cryptocurrency .

[@TheWeb3Journal]

10 Years later and its still an innovate concept

[@NandishPatelV]

He knew what he was planning! Politico-econo-digito-revolution! Amazing! :))

[@offchan]

I don't understand anything but I feel it.

[@fraternitas5117]

I knew Vitalik back then. There is still no need to use ethereum to do any of these things.

[@iphoneapps1175]

This is going to be huge! We should get in now before it gets big!

[@Anthonydahuman]

😂

[@IWantALeatherBag]

I was there

[@secretpvp]

Gente nao foi ele q hackeou o piu,foi alguem q hackeou e colocou a live dele

[@seila6240]

Mentira

[@ableorange]

Excellent.

[@Doozy95]

This guy seems pretty smart, he should create a cryptocurrency or something 🤔

[@snay71]

maybe he should make something called ethereum

[@safi3069]

A life-changing moment

[@biccsdev]

"with pretty much no fees"

[@biccsdev]

at this time in the history, gas fees are over the roof.

[@awamefure7212]

August 3, 2020... 1:20 pm Ethereum broke 400$ this weekend and sits now according to Gecko at $393.27

[@artpatron719]

Sept 25, 2021.... 3:280m $eth is hovering around $2914 according to crypto bubbles .lll

[@HassanPoyo]

Lol

[@jakubsz4602]

why didn't I buy ETH IN 2014?

[@evilghostman07]

Glad i am still early for this revolution

[@johnnybravo5962]

If he did this at Bitcoin Miami 2021 he would have got screamed off the stage by Max Kaiser, Saylor and half the audience. Cant mention anything but Bitcoin maxi talk.

[@MikeM-py2hq]

Is there a noob explanation?

[@tnpcook]

+goodfellow1984 Throwbaaack Turing complete system that decentralized logic and a programming execution environment, rather than just a value.

[@robertg5220]

@Colin Allman WHAT

[@bradhaaf4749]

They used a blockchain to create an umbrella decentralized corporation that gives you the tools to create our own company on their platform making it 10x easier to do for the average person ?

[@pietervandewoestyne4444]

Imagine Facebook not beeing run by Mark Zuckerberg, but beeing run and managed by you, me, and billions of ppl all around the world. Where it's no longer in one person"s best interest. but into that of the entire world. That's what Ethereum can do for us. And Facebook is just one of many many applications...

[@emreguerb7803]

are you now a millionaire

[@mphangar6965]

Was this in a high school theatre? Dadgum! So much has changed so fast. All I heard was “But ETH. Buy ETH. Buy ETH.”

[@anggaikip4694]

2021

[@Horned26]

why I havent seen this video before 8 years

[@bailahie4235]

And then realise he was only 19 years old here...(!) A walking proof that something like reincarnation must exist, so much insight in such a young guy... ;-)

[@remiblaise]

Wow. Historical

[@be4iloveu]

what a genius, the rest is history. Like other friends said, this video is still under 100k views after 7 years. haha.

[@nztitirangi]

holy crap. awesome stuff.

[@HassanPoyo]

Did you HODL

[@nztitirangi]

@@HassanPoyo first rule of fight club?

[@HassanPoyo]

@@nztitirangi omg congratulations

[@calixtrohernandez7116]

@@nztitirangi omg I wish I was you lol

[@stanleynnaemekaorajiaka8109]

Wow...the guy is an incubator.

[@chesstictacs3107]

Vitalik is sweetheart. My man’s brain is on another level. Much love to him and all the great talented folks who have been working hard to make Ethereum a success for the future of the humanity.

[@Metacognition88]

Sounds promising. Could turn into something big.

[@Kingsuper12]

Where the fcuk was I doing back in 2013/4. I mean why 😢😢😢

[@rastazorastra1772]

So technically Eth was an ico but that’s fine with the SEC instead they go after XRP, this is exactly why they can’t give up those documents in the lawsuit even tho the judge asked over 3 times

[@samwiseknows]

It was in Switzerland for that very reason...

[@SpxcedOUT818]

this man is on to something....

[@Pavapepegemabodi723]

woah.....fell myself so old.....

[@_Phyro]

This is revolutionary! Governments should be run on the Ethereum platform. Its a lot to take in but makes sense when you look at the bigger picture. Maybe the utilization and presentation of it needs to be tuned to be more... layman's friendly... True democracy! Freedom of choice, self-employment. Governments, company's and projects working on a inter-connected sphere. Decentralized or centralized. This is next level s**t :))

[@Luca-cs8fy]

HISTORY GUYS, JUST HISTORY

[@heckensteiner4713]

The beginning of everything. Anyone who bought and held ETH shortly after this likely made life changing money. 8:12 I wonder if he ever though people would be buying and selling $10 million dollar JPEGs.

[@vikassaini1935]

2019?

[@slamblambacid]

Please somebody go and tell the goverments they are out of bussiness. Anyway, to achieve this we must demand symetic internet connections first.

[@DarkShroom]

out of business how exactly? bitcoin is a payment system not a legal system

[@slamblambacid]

DarkShroom Have you even watch this video. Self enforced contracts, multiple currencies, crowfunding, etc etc

[@DarkShroom]

Slam Blambacid i have to admit i couldn't make it all the way through this guys speech, it was a bit washy, i have also been looking into distributed computer systems. Computers are not capable of enforcing contracts though, like the governments are. Okay we all likely have a different perspective on what a government is exactly and I won't troll here as I am likely from the same camp, I want decentralisation. However I see the governments main function as the legal system, you actually need people, ultimately to make judgements to enforce a legal system. Even a "turing complete" computer system cannot think for itself. The 3rd party will always have to be someone with authority, IE the bill :) Thus we always need government, and actually if it does get too small, it likely becomes more dangerous. They have an unavoidable monopoly on money also. So legal tender, means you cannot refuse it, this gives it an impossibly strong position when it comes to a value store, your money is only good where people will accept it.

[@DarkShroom]

Slam Blambacid so i am not just dismissing it i am reading the website which admittedly is quite impressive

[@BRIANROSER]

@@elajjazclips9797 He still covers an important point here, which is that onchain-governance can only solve so many issues. Vitalik put it very nicely "Blockchain voting is overrated among uninformed people but underrated among informed people". This applies, however, to overall governance as well. You still need humans, of course, the question is which dark corners can we bring light upon to further remove corruption from this world. I think onchain governance has a lot in store for us its just a matter of time. You have to think of the onchain governance as more of a framework or regulatory system in which the government works, while still being human beings. Just that the rules of politics are no longer just signed papers but actual mutable contracts.

[@anthonytruong8647]

At this time, a lot of people did not believe a teenage who makes a revolution in block-chain field

[@TomekSamcik69]

"0.4X ether will be mined per year" however

[@EthereumProtocol]

That's 0.4x of whatever was minted in the genesis block. It therefore diminishes rapidly every year, and over time - just like bitcoin - inflation tends to 0.

[@bitcoinclub5007]

+Ethereum inflation tends to 0 = very bad thing. Why? Because things are happening when people spend money, if they don't spend money nothing is happening. People spend more money, when there is inflation. So higher inflation = fast progress.

[@alex-dk2rj]

WHY DIDNT I BUY A TON OF ETH HERE? Why god why!!!

[@nohalfsteps8746]

I'm sorry, but I have to do this: At 3:33 - 3:35 you said: "People pay me, and then I send the product". That was beautiful. After that you intermittently lose me. You simplify some things, and lose me on others. Please omit "DNS Servers" and the like, as well as the overwhelming majority of programmer-speak that is peppered into your speech. I get that the block chain has other applications, but this NEEDS to be dumbed-down. You have a revolutionary product that you aren't properly articulating for the masses. Always opt for little bitty spoonfuls of information, and alot less big words.

[@tabooelf]

The target here are developers and entrepreneurs who will build applications on top of this service for the public. The dumbing down will come from the people that will build the actual apps by developers who are the target of this.

[@nohalfsteps8746]

Fair enough, but Andreas Antonopoulos breaks down Bitcoin to 80 year olds and does a good job at it. You could call that the equivalent to your argument. Speaking style can be dynamic in and of itself, and it has to do with enthusiasm and articulation. There are people that can break down and simplify some very complex and overwhelming types of study to people who have never dealt with those elements. Simplification is never a bad thing.

[@anthonyeufemio8020]

Nohalfsteps You're missing my point. There is really nothing that the general public would need to know about Ethereum until apps have actually been built for it. The target for this are developers and entrepreneurs who want to build those apps and start getting them to talk about ideas and questions. The 80 year olds don't need to even know that Ethereum exists once the apps are built.

[@nohalfsteps8746]

Just because a doctor is speaking to other doctors about facts doesn't mean the doctor shouldn't be engaging among peers. Charles Hoskinson is an example of someone that has this ability. He should be the one doing the general public speaking for Etherium, and Vitalik should be answering questions from the few devs that are curious about how it was invented. It looks like that's the direction they're going in anyway.

[@nohalfsteps8746]

I know you'll take issue with "Public Speaking", so let me re-phrase that to "Overall speaking among people from a podium in general".

[@evanrgardner]

Just putting my name comment here so people know I saw this before it 100k views. 7 years later….

[@sgdheeban]

and the rest is history...

[@thureintun1687]

how come a young man can be this genius?