Joseph Lubin, co-founder of Ethereum (ETH). Said that he hopes that the global economy will grow 10 times bigger in 10 to 20 years, when Blockchain will be completely sovereign, and Blockchain will join most of them. Lubin made a statement in the SXSW conference on March 14 in Austin.
During the same note. Lubin also explained that there are not many “normal” people using blockchain-based systems nowadays, “In 1983, many people have not fired ’email’ around.
He also reiterated the promises of Ethereum 2.0, which stated that there are many incompetence in Bitcoin (BTC) and the current version of Ethereum that Ethereum 2.0 does not have:
“In Bitcoin and currently in Ethereum, you need to have specialized hardware, burn lots of electricity, waste lots of computation, to basically keep everybody in sync. [With Ethereum 2.0, in 18 months] we’ll have a blockchain system much more powerful and scalable that uses orders of magnitude less energy.”
As recently reported, Lublin also said that blockbuster technology and decentralization can benefit content creators and journalists.
The statements quoted above are similar to the statements made by Lubin in November last year. when he told a New York Times interviewer that with blockchain, society would move towards “a scarcity-enhanced mindset”.