COVID-19 Could Accelerate Crypto Adoption

Publié le by Cointele | Publié le

During a Unitize panel on Monday, Balaji S. Srinivasan commented that COVID-19 has changed everything - and it could ultimately end up accelerating Blockchain adoption.

Srinivasan is known for numerous roles in the crypto space.

He believes COVID-19 has made centralized governments more powerful than ever before, and feels that government overstepping is causing people to seek new ways to maintain their fundamental rights.

"There are certain things that are hard to do, unless you do them centralized. It is not the case that every government failed. It is the case that every government is powered up. And it is the case that every government is powered up and gains lots of power over the economy, basically pausing transactions and etc."

Srinivasan noted that the economy is no longer an "Abstract" thing, rather it is a data structure that can be "Paused, edited, and analyzed".

This could ultimately result in state control over the economy.

Srinivasan believes we are living in a both centralized and decentralized world.

Srinivasan speculates that this mechanism creates a no man's land in the resulting interstices, which creates a corresponding demand for a free trade zone between a decentralized and centralized post-pandemic world.

Srinivasan predicts that blockchain will act as the "Law of the sea" for the internet to regulate the "No man's land" in the decade to come.

"Ultimately there are two modalities that people can accept. A, We have total power. B, No one has power over us. On the other hand of the spectrum you have Bitcoin which is open state, open source, open execution, totally inspectable, totally transparent, based on mathematics and no one has power over it."

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