the Ethereum co-founder Joseph Lubin said in the New York Times International Luxury Conference in Hong Kong that he expected that the Blockchain would the company in a Positive change. He was above all the revolutionary and freedom-promoting Potential of the technology, which was first brought about by Bitcoin.

By Phillip Horch
13. November 2018 share Facebook Twitter LinkedIn xing mail

Bitcoin is fake money, Fiat is a Ponzi scheme, and Hollywood deals currencies with Crypto – this is the Credo of the current opinions on the subject of Bitcoin & co. To these more on Bitcoin and its Price trend related to the opinions of a Blockchain-pendant from the Ethereum corner: Joseph Lubin joins now.

This expressed at the Luxury Conference in Hong Kong, namely, the social Potential that he sees in the Blockchain technology. The Blockchain technology, Lubin, according to Forbes, will have especially on the way to influence how people self-manage. Thus, it enables a “self-determined and sovereign identity”:

We will have more control over our identity and our concerns in these decentralized networks, and I think that will create more wealth [….] more interested in expressing ourselves, and I think it will be a total of more desire for luxury.

societal change is coming… soon

Similar tones Lubin struck already at the Web Summit in Lisbon. There, he said that he think it’s only a matter of time before the Internet (again) decentralised completely. It would require but a few years of development. Needless to say, he saw Ethereum as authoritative is the lead for this change:

Ethereum as a suitable candidate for the Web 3.0. Mainly because of its interoperability and radical decentralization. It may take a few years, until the Ecosystem reaches a profound interoperability and decentralisation [ … ]. But that’s okay. We can grow in the radical future, we imagine, if we take care of the acceptance, Use Case exploration, user interface, and the extension of the user experience – all of which will occupy us for years to come.

Until then, it means: Wait and see.