Vitalik Buterin says "gold is lame" in personal 2020 endnotes

Vitalik Buterin, the founder of Ethereum, left us with some endnotes on 2020 by saying "gold is lame" and says this $9 trillion has to go somewhere.

Vitalik Buterin says "gold is lame" in personal 2020 endnotes

Vitalik Buterin, the founder of Ethereum, left us with some endnotes on 2020 from his Singapore apartment by saying "gold is lame" and points to its $9 trillion market cap as an enormous opportunity. He laments about the year where it's hard to be away from keyboard (AFK) and opens with the importance of the global vaccine rollout in the coming year. Then he gets to the economics, “One of the more underrated bull cases for cryptocurrency that I have always believed is simply the fact that gold is lame, the younger generations realize that it’s lame, and that $9 trillion has to go somewhere,” he said. He talked Big Government, the density of our data, the chaos in our lives, and the opportunities we have to get better if we can adopt clean and simple equations to govern each other. "Things happen for strange and inscrutable reasons, there are always surprises. The question that remains is how we adapt to it?" He believes blockchains and cryptocurrencies are well poised to play an important role in our futures, but the industry faces complex cultural forces as much as the obvious retail, government, and technical headwinds. Regardless, computer technology is on the verge of providing the ability for individuals and groups to communicate and interact with each other in a totally anonymous (and automated) manner. Vitalik is a Russian-Canadian programmer and became involved with cryptocurrency in 2011 when he became a co-founder of Bitcoin Magazine. Vitalik had to sell half of his personal Bitcoin in 2013 to avoid going broke, says Decrypt, but his net worth is estimated to be between $100 and $200 million today. He launched Ethereum in 2014. Cameron Winklevoss, billionaire co-founder of Gemini, said on January 1 that Ethereum is the most underpriced cryptocurrency on the board. Ethereum has a market cap of $138 billion out of $1 trillion.