Lubin: “Cryptocurrencies are the evolution of fiat”

The co-founder of the ethereum, Joseph Lubin, recently said that cryptocurrencies have become the “natural evolution of traditional monetary systems“.

On the other hand, he stressed that it is normal for civilization to find it difficult to adapt to these changes. It is something that has been present throughout the ages.

“Cryptocurrencies are, in many ways, a natural evolution of previous representative systems, although one that favors the truth about power sanctioned by the state: the 21st century version of that fragile paper money and the decentralized and open character behind it. They contrasted with the property systems administered by the government,” Lubin said.

Likewise, he indicated that later, when the final adoption of the cryptocurrencies finally takes place, richness may be distributed in a better way and there will also be greater inclusion among the members of the most displaced society.

The entrepreneur also highlighted the potential of blockchain technology, which can help to create greater confidence in all the financial operations that an individual, group or company can carry out over time.

K. Tovar

Source: QZ

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