Elon Musk asks Vitalik "What should be developed on Ethereum", the EPF prize goes up

Tuesday, April 30, at 1:15 (UTC), Elon Musk, CEO of SpaceX and Tesla, revealed his interest in Ethereum (ETH) and apparently enthused the entire cryptographic community on Twitter with this very short and mysterious tweet:

Ethereum

– Elon Musk (@elonmusk) April 30, 2019

The tweet above sparked a keen interest (at the time of writing this, it had nearly 63,000 "likes") and shortly after it was sent, people began to notice that the tweet Elon apparently had a positive impact on the price of ETH.

Seven minutes later, Elon sent the following tweet suggesting that he was joking, even though that did not seem to be the case, and it became clear a little later:

jk

– Elon Musk (@elonmusk) April 30, 2019

About 30 minutes after the original Elon tweet, Vitalik Buterin, the inventor of Ethereum, invited Elon to the Ethereum Devcon 5 conference, to be held in October:

You should come to our Devcon in October 🙂

– Vitalik non-ether donor (@VitalikButerin) April 30, 2019

Only three minutes later, Elon sent Vitalik the following reply:

Stop giving free ETH! ??

– Elon Musk (@elonmusk) April 30, 2019

About six hours later, Elon decided to send a more serious answer to Vitalik's tweet:

What should we develop on Ethereum?

– Elon Musk (@elonmusk) April 30, 2019

Vitalik, who had already written on this topic on Twitter before, managed to prepare a complete answer for Elon (in the form of a tweetstorm) in half an hour:

My first choices (1):

* A globally accessible financial system, including payments, a store of value, as well as more advanced tools such as insurance https://t.co/AGoMt6r2wK
* Identity: "log in with Facebook" -> "log in with an ethereum account, no intermediary". Also trusted web …

– Vitalik non-ether donor (@VitalikButerin) April 30, 2019

(2)

* All kinds of registries must publish on the channel for security reasons and easy verifiability, see my thread on this https://t.co/70yV7kinVb
* Experiment with new forms of human organizational structure, for example. @ MolochDAO
* All kinds of micropayment use cases via payment channels …

– Vitalik non-ether donor (@VitalikButerin) April 30, 2019

(3)

* Markets of personal data preserving the confidentiality of machine learning (you pay me X, I let you execute the function Y on my data verified by Z …)
* Cryptocurrency for the prevention of spam in social networks https://t.co/06n0zGQYXP

– Vitalik non-ether donor (@VitalikButerin) April 30, 2019

(4)

* Cryptoeconomics / micropayment systems to reward publishers for good content
* A testing ground for new market designs, for example. frequent multiple auctions, combinatorial auctions, automated market makers (eg https://t.co/jaPhz1nQFr)
* Stickers / badges https://t.co/reDBpbQ7uw

– Vitalik non-ether donor (@VitalikButerin) April 30, 2019

(5)

* p2p marketplace for internet connections / mesh networks incited
* Identity, reputation and credit systems for those who currently have few resources (eg refugees)
* Decentralized DNS Alternatives (for example, https://t.co/aTRxfTlXpC)

– Vitalik non-ether donor (@VitalikButerin) April 30, 2019

In recent months, it became clear that, based on Elon's tweets and interviews, he was interested in cryptocurrency, and more specifically, he had spoken before today. Hui of Bitcoin (BTC) and Dogecoin (DOGE), but his question developed with Ethereum suggests that he might consider the possibility that his Tesla automobile company is involved in cryptography. In fact, Elon's tweet about Ethereum's possible apps comes just a day after Jaguar Land Rover, the UK's largest automaker, announced that, via a partnership with IOTA Foundation, he was testing software that allowed his car drivers to earn IOTA chips as a reward for sharing data.

According to CryptoCompare, the ETH is currently trading at $ 161.01, up 3.34% in the last 24 hours:

Of course, no one in the cryptographic community was as excited about Elon's interest in Ethereum as Vitalik. For example, Brendan Blumer, co-founder and CEO of Block.one (who developed the EOSIO software on which the EOS platform works), suggested that Elon instead considers development on EOS:

Could want to check #EOSIO for two reasons:

1) Performance can meet the needs of real-world consumer applications. it's fast, cheap and scalable

2) Most things will work on private but public channels #EOS the chains align the control with the token-holders, contrary to 2-3 mining pools

– Brendan Blumer (@BrendanBlumer) April 30, 2019