Have you seen what happened between Elon Musk and Vitalik Buterin on Twitter yesterday?

Elon, the founder and CEO of Tesla - probably everyone knows him by now - had Vitalik Buterin, the co-founder of Ethereum, report to him DIRECTLY VIA TWITTER.

First he simply put out a simple tweet "Ethereum". Nothing much more. Vitalik invited him over to the next DevCon.

First everyone thought it's a simple PR gag, because Elon kept silent for a while. But the 105 thousand likes and around 14 thousand comments might have cought his eye.

It seems like it spiked his interest. So Elon asked: "What should be developed on Ethereum?".

Now, the usual answer is "pretty much everything security or money related" isn't enough here. And Vitalik knows. So he went ahead and in 4 tweets he gave 13 GOOD reasons where Ethereum really shines.

Here they are:

  • A globally accessible financial system, including payments, store of value, also more advanced stuff like insurance http://hurricaneguard.io/

  • Identity: "sign in with Facebook" -> "sign in with an ethereum account, no intermediaries". Also web of trust...

  • All sorts of registries should publish on chain for security and easy verifiability, see my thread on this https://twitter.com/vitalikbuterin/status/1072158957999771648 ā€¦

  • Experimenting with new forms of human organizational structure, eg. @MolochDAO

  • All sorts of micropayment use cases via payment channels..

  • 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 https://ethresear.ch/t/prediction-markets-for-content-curation-daos/1312

  • 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. http://uniswap.exchange )

  • Stickers/badges https://twitter.com/vitalikbuterin/status/939489302869770240

  • 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. http://ens.domains/ )

Here are the raw Tweets: