Ethereum
$250.64 6.34%
ETH · 27w

Ethereum’s Joe Lubin: Blockchain Will Help to Create More Wealth

Ethereum (ETH) co-founder and ConsenSys CEO Joe Lubin has said that with blockchain, society will move “from a scarcity to an abundance mindset,” in a New York Times (NYT) interview published Nov. 12.

Lubin made his remarks at the NYT’s International Luxury Conference at the Intercontinental Hotel in Hong Kong, which runs Nov. 12-13 and brings together speakers that include the CEO of fashion brand Balenciaga, the president of Alibaba Group, and the CEO of luxury coat producer Moncler.

During the conference, Lubin spoke about how the advancements heralded by blockchain tech could potentially give control back to society, allowing for more individual “agency”:

“We are going to to be more in control of our identity and our agency on these different decentralized networks and I think that’s going to create more wealth [...] more interest in expressing ourselves, and I think there will be more appetite for luxury than less.”

Lubin’s comments last week on the present development of blockchain ecosystems — which he compared to the growth of the Internet — cast some light on his perspective that the technology’s disintermediation and decentralization can help to spur innovation across all levels of society and the economy by “enabl[ing] a self-determined, sovereign identity.”

This summer, Lubin outlined the processes of wealth generation in the new tokenized economy, noting that he has noticed a “qualitative shift in the nature of money” that has moved society towards a world of “global villages.”

Related Articles:
Go to finance.yahoo.com
Recent news
ETH +6.34% · blog.bounty0x.io · 8h

Bounty0x (micro)Update — May 23, 2019

If you missed our last update make sure to check it out here. With that said, let’s dive into this one! We constantly listen to feedback from our users and work day and night to accommodate it into…
ETH +6.34% · pro.coinbase.com · 12h

ETH DAI pair added on Coinbase.

US based digital asset exchange with trading UI, FIX API and REST API. Easily deposit funds with Coinbase, bank transfer, wire transfer, or digital currency.
ETH +6.34% · blog.coinbase.com · 13h

Dai (DAI) is now available on Coinbase

Starting today, Coinbase supports Dai (DAI) at Coinbase.com and in the Coinbase Android and iOS apps. Coinbase customers can now buy, sell, convert, send, receive, or store DAI. DAI will be available…
ETH +6.34% · twitter.com · 14h

DAI listed on Coinbase

DAI is launching at https://t.co/iQARfimGvY and in the iOS and Android apps within the next 15 minutes. You may need to update your app to properly buy, sell, convert, send, receive, or store DAI. We ...
16
ETH +6.34% · blog.aragon.one · 15h

Futarchy Courts

Well constructed futarchy decision markets can be highly collusion resistant. This post goes into detail about what they are exactly and of their importance
ETH +6.34% · medium.com · 15h

Compound v2 is Live

Today, we’re thrilled to announce the public launch of Compound v2, an interest rate protocol intended to power the financial markets & applications of the future. Compound v2 is running smoothly on…