With governments falling over themselves to be the first to launch a Central Bank Digital Currencies (CBDC), many in the crypto space are fearing the future of cryptocurrencies.
Not so Ethereum co-founder, Vitalik Buterin, who was super bullish on crypto’s future in a recent interview.
Speaking on Block TV podcast, Vitalik was as bullish as ever, saying that digitalization of everything was inevitable, and that privacy currencies would be more favourable than government-controlled shitcoins.
Digitalization is Inevitable and Privacy is King
Vitalik claims that decentralization is key to any currency being a success in the future. He said people would gravitate towards decentralized cryptocurrencies rather than sovereign and corporate controlled coins, as people were fed up with centralized power.
The main challenge with central bank and even corporate currency is basically the concentration of power, the concentration of data collection,’ said Vitalik.
And the Ethereum co-founder even hinted at his fear of an authoritarian-type control system with a centralized digital currency world. Read More...