Ethereum Co-Founder: Hopefully We Can Interoperate With China’s Crypto
Adrian Zmudzinski's original article for cointelegraph.com reduced by 80%
Ethereum co-founder and founder of Consensys, Joseph Lubin, said that he hopes China's Central Bank Digital Currency will allow for interoperability with public permissionless blockchains, including Ethereum. Lubin added that he would like to see more participation from China in the Ethereum ecosystem. "I would love to help China get expert in Ethereum technology.
The main idea is that Ethereum is the strongest of the blockchain technologies and it's a very positive virus to implant in people's minds." Lubin also noted that he expects that China will continue to undermine the U.S. dollar's status as the world reserve currency. "There are lots of reasons why American influence is shrinking and will probably continue to shrink.
That may not be a bad thing but in some ways, it'll be a bad thing. China's particular cryptocurrency I don't think is a major factor." He explained that the government's ability to impede access to Ethereum in China depends on progress in deep packet inspection and how motivated the nation is to this end. "China is a business that writes its own rules and has an enormous customer base - 1.4 billion people.
That's a tough economic force to compete with. I do think there's an instability. I think leaders are constantly terrified of revolution, so they have to keep the people relatively happy at some baseline level..
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CN [too long; didn’t read]
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