Crypto Assets have enough “dystopian potential” if implemented in the wrong way confessed by the co- founder of Ethereum. He revealed this while talking to Times magazine in an interview.
Also after his interview with the Time magazine. The Time magazine has featured him for the front page of their monthly magazine.
In his interview he revealed that the crypto assets have enough “dystopian potential” if incorrectly implemented.
He showed his concerns on the over enthusiastic investors, high fees on transactions. And showing off the wealth publicly by those claiming to have made a destiny trading digital currency and NFTs.
Also he is afraid that his aimed equitable digital economy risks being hijacked by the criminal people who just follow greed.
“If we don’t exercise our voice, the only things that get built are the things. That are immediately profitable”
Buterin started the Ethereum blockchain in 2013. That supports the digital asset Ethereum. And after years of his handwork and community support it is one of the leading digital assets with a $360.7 billion market cap. After that comes bitcoin that stands at $808.8 billion.
Further Vitalik Buterin the founder of Ethereum “fundamentally rejects the idea that anyone should hold unilateral power” over it.”
Final Thoughts:
From the confession of the Ethereum co-founder, Vitalik Buterin. It has been declared that the crypto assets have enough “dystopian potential” if wrongly implemented.
But he is quite optimistic regarding Ethereum. And having uncountable projects as well which are working presently.
But this is not the first time he has shown his concerns. Earlier in 2018 he warned about the instability of the digital currency. And alerted the public that “traditional assets” are still a better option to invest their life savings.
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