The Argentine telecommunications entrepreneur, based in Spain, Martin Varsavsky, gave his opinion on crypto on Twitter and sparked a debate. He compared them to cell phones
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Sometimes inTwitter interesting debates and squabbles about cryptocurrencies, especially if some critical influencer outside the crypto ecosystem launches his opinions on the subject.
On this occasion, the Argentine-Spanish telecommunications businessman, Martín Varsavsky, founder of companies such asJazztel, FON, Prelude Fertility yViatelwho has more than 122 thousand followers onTwittersaid that he considers cryptocurrencies to be of little use to the world.
Bitcoin is money beyond the reach of governments. Ethereum is the same idea but programmable. Many people have gotten rich with crypto. But neither Bitcoin, Ethereum, nor any other crypto is going to change the world. Other technologies will. For example.
— Martin Varsavsky (@martinvars) November 28, 2021
El hilo de Twitter
These were his words, in a thread of several posts:
“Bitcoin is money beyond the reach of governments. Ethereum a decentralized open-source blockchain with smart contracts functionality. is the same idea but programmable. A lot of people have gotten rich with crypto. But neither Bitcoin, Ethereum, nor other crypto is going to change change — a concept relevant to cryptocurrencies that use the UTXO model — is the number of coins sent back to a user after they use their unspent outputs to initiate a transaction. the world. Other technologies will. For example: renewable energy, mRNA vaccines and therapies, CRISPR in all its applications, machine learning, autonomous driving, electrification of transportation, space exploration, genetic sequencing, lab grown meat, quantum computing”.
He asked his followers to respond to him:“If you don’t agree give me examples.”
He further added:“The iPhone and cryptocurrencies were launched 13 years ago. The impact of the iPhone is much bigger than that of cryptocurrencies. Smartphones changed the lives of 5 billion, cryptocurrencies still don’t have a comparable impact and I don’t know if they will.”
He also highlighted:“Think of Blockchain a distributed ledger system. A sequence of blocks, or units of digital information, stored consecutively in a public database. The basis for cryptocurrencies. compared to nuclear fusion. Imagine a world where on earth we manage to create energy like in the stars, where electricity costs like water. I hope that the most creative people will go on to solve issues like energy access.”
He also said:“With “proof of work” Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. and others do the opposite, they have a high cost per transaction which drives up the price of electricity and contributes to climate change, while increasing inequality by “whales” and criminality by tax evaders and money laundering.”
He finally concluded:“ I want to see a world where the good of blockchain beats the bad of blockchain. . For now, the reality is worse than the promises. I hope the situation will be reversed and we will create blockchain-based products that are remedies for the great human challenges.
Responses from other tweeters
Por supuesto, tuvo respuestas de muchos. Por ejemplo, el usuario @Mariandipietra le dijo: “Ethereum is a programmable, open, permissionless often used to describe blockchains, a system is said to be permissionless when there is no entity that can regulate who can use it and how it can be used. human coordination point that can move any of those verticals you named forward exponentially. Ethereum is the ground of programmable common incentive. A bridge. Ethereum and others are changing the world.”
To which Varsavsky responded:“Can you explain to me how Ethereum can make it more likely, for example, that we will be able to produce electricity through nuclear fusion? Or that we will live longer, healthier years?”.
For his part, the user Damián Catanzaro replied:“It’s that a North American is not going to see it or use it the way we Latin Americans use it. To be able to send money to your family so they can eat already seems to me to be the greatest success story of all. Is it a state problem that this is happening? Yes, it is. But in crypto there is a solution.
To him, Varsavsky clarified:“My goal in this thread is not to say that crypto is not useful. but to alert my entrepreneurial followers that there are better opportunities outside of crypto. My concern is that crypto will take too many good brains like SEO or online advertising once did.”
Many more tweeters, some quite knowledgeable in crypto argued him, but he didn’t respond to them.
Sources:Twitter
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