'Blockchain, dot-com burst with the same dynamics'

According to a report in Business Insider, Joseph Lubin, co-founder of Ethereum, talked about the destructive potential of BlockChain yesterday.

Lubin, who is also the founding partner of the blockchain software company ConsenSys,

Lubin said

"This technology is going to do many amazing things for the economic, social and political systems around the world, so deep … I have no idea that ecosystem or technology is in real danger. "

Lubin compared the ending of his words with the end of the dotcom explosion in the blockchain field.

"There was a tremendous amount of creative destruction in the Dotcom era, and we all had an effective Internet, an effective world wide web, how to do it. and how to truly transform society. I think Blockchain has the same dynamics as the dotcom explosion. "

Lubin later stated that the US Securities and Exchange Commission (SEC) is justified in taking a firm stance against fraudulent projects, as in the Mayweather-Centra case. According to him, such fraudulent projects will not affect the likelihood of the success of the crypto money industry.