BTC kept 0% privacy gains to maximize decentralization, says Buterin at Chiang Mai event.
Summary
- Buterin says BTC’s early design made decentralization the primary constraint, leaving privacy under-optimized.
- Early crypto systems relied on centralized entities for privacy because tech couldn’t support both strong decentralization and privacy.
- Advances like zk-SNARK now let parts of ETH’s ecosystem experiment with on-chain privacy tools BTC never integrated.
Ethereum founder Vitalik Buterin stated that Bitcoin has prioritized decentralization over privacy features since its launch, according to remarks made at an event in Chiang Mai, Thailand.
Buterin explained that Bitcoin’s emphasis on decentralization has resulted in privacy features that are not fully optimized, according to reports from the event.
The Ethereum co-founder noted that early cryptographic technologies relied on centralized institutions for privacy protection because ensuring both decentralization and privacy simultaneously was not practically feasible at the time, according to his statements.
Buterin added that advancements in privacy technologies over the past decade, including zk-SNARK, have enabled parts of the Ethereum ecosystem to explore methods for integrating privacy features into on-chain systems, according to the remarks.
The comments represent Buterin’s latest public assessment of Bitcoin’s technical architecture and design trade-offs. No further details about the specific event or additional context were immediately available.