In this decade, finance is already …


If I Could Only Choose ONE Investment For the Next DECADE

In this decade, finance is already ...

In this decade, finance is no longer so important, says Ethereum founder

  • Society loves cryptocurrencies, but wants a smoother exit from the traditional financial market.

  • Relying on Bitcoin Will Not Solve Economic Problems.

  • Despite the hype around the price of ETH, the Ethereum ecosystem is less fixated on money than Bitcoin..

International consortium of news organizations developing transparency standards.

Vitalik Buterin drew parallels between the current crisis and the 2008 crisis to explain why the world is likely to never be the same..

In this decade, finance is already ...

Blockchain ecosystem co-founder Vitalik Buterin sees no reason to believe that the current global crisis is in any way similar to the market crash in 2008.

According to Buterin, the current crisis is just viral, not financial, as, for example, it was in 2008.

“2020 is, first of all, * not * a financial crisis. This is a viral crisis, this is a crisis of epistemology (how we distinguish between truth and falsehood in the face of misleading groups), this is a crisis of the police in many places, and much more, “Buterin wrote on his Twitter page..

The co-founder admitted that the US authorities have not come up with anything better than just printing more money, but this money is only a relatively small part of what is happening right now, he notes..

The head of Ethereum notes that Bitcoin was born precisely in the financial crisis, which was the result of either untidiness of banks, or an unclear policy of regulation of the financial sector..

At the same time, Buterin prefers to distinguish between both cryptocurrencies according to fundamental principles..

“Bitcoin itself is, first of all, a financial instrument. Ethereum, by nature, is clearly less financial [project], but even in it * most * of the applications that use the blockchain involve handling some kind of coins / tokens / money, “Buterin wrote..

In this decade, finance is already ...

Finances out of priority

Also, the co-founder of Ethereum said that cryptocurrencies were not very different from general economic directions..

And while cryptocurrencies still help break down political barriers, the underlying ideology of the cryptocurrency market must change..

Buterin argues that given all the current events in the world, finance will no longer play as critical a role in this decade as it did in the period from 2010 to 2020..

In addition, he believes that the success of stablecoins has shown that people are reluctant to move away from the dollar right now. Instead, most want to move smoothly into the cryptocurrency environment, where there is room for interaction with funds..

Bitcoin is not a solution

Separately, Buterin commented on the post of the head of the Binance cryptocurrency exchange Changpeng Zhao, who called for the use of bitcoin as a peaceful protest.

Zhao’s statement refers to protests against racism and police violence that have erupted in the United States..

Buterin believes that reforming the economic market by switching to cryptocurrencies is not enough. Zhao’s mentality, according to Buterin, is exactly what the community must get rid of in order to make progress towards economic independence..

In this decade, finance is already ...

“… no, George Floyd’s neck would not have survived the knee [protests in the United States erupted after a police officer strangled the African American George Floyd with his knee to the ground] if he were a bitcoin whale …” – said the head of Ethereum.

What do you think? Is the economic picture of the world really not the same against the background of the spectrum of incidents? Share your thoughts with us in the comments and join the discussion in our Telegram channel.


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