“Argentina has the perfect environment for blockchains. Why? Argentines constantly move money to avoid inflation. So they know how money works. So, they are open to new ideas and can fully understand what cryptocurrencies are all about“completed the co-creator of Ethereum.
Regarding technology and what it could offer positive for the administration of some governments, he opined: “Decentralization is going to help small countries much more than large ones. Crypto really is an opportunity for small countries and that they have not been winners for the last 50 years and that many of the consequences are unpredictable. “
Buterin also had time to talk about DAOs. What are they? Autonomous and decentralized organizations that operate by vote and, in a kind of direct democracy, decide the future of the project. “DAOs have a real opportunity to improve problems. For example, the real estate industry is broken and DAOs can solve its deepest problems. In this context, DAOs can allow people in the same building to vote; divide a building; People, in addition, can buy shares as they rent to buy the house; and much more ”, he detailed.
Regarding the regulations that countries could dump on the crypto market, he raised different scenarios: “In the extreme spectrum, adopt Bitcoin and Ethereum as legal currency. I’m not a fan of upward and coercive approaches. At the other extreme, the simplest is not to go after the crypto community”.
On the mass adoption of cryptocurrencies as a medium of exchange, Buterin said he is “bullish.” “One of the reasons that make me think that the price of crypto will not go to zero is because they have very dedicated communities behind them. I think Bitcoin and Ethereum have enough people dedicated to this that they are going to make it never go away. Today they are international currencies. “
Regarding NFTs, the creator of Ethereum wondered “are they going to survive a decreasing cycle? It is not yet known. They’re growing, but the next time Bitcoin or Ethereum drop in price, are the NFTs going to drop 50% or more? We do not know it yet. Will they last? We’ll see”.
“In my opinion, NFTs should be used for more than just being bought and displayed on social media. These tokens could have an added value and, for example, they can be used to make transactions in the decentralized metaverse that we are already building, “he added.
“The money needs to be decentralized. But the rest of the applications also. From time to time, we need decentralized social networks”, said about the future of the blockchain and its utilities: “The world crypto is open to everyone. The old world order is collapsing because of technology and anyone can help build a new technological world with technology. “
Source From: Ambito
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