Vitalik Buterin critiques fragility in Nordics cashless plan
@VitalikButerin: Buterin on cashless society
Ethereum co-founder Vitalik Buterin has cast a critical eye on the Nordic countries' recent decision to recalibrate their approach to establishing a cashless society.
The plan, initially heralded as a step towards modernizing financial systems, has faced challenges due to its centralization and perceived fragility. In a recent tweet, Buterin emphasized the necessity of maintaining cash as a backup in economic systems.
He highlighted the need for Ethereum to be both resilient and private, suggesting that a decentralized cryptocurrency could effectively support such frameworks. Buterin's remarks arrive as global economies grapple with the balance between digital innovations and traditional financial mechanisms.
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In the previous news, tweet author Vitalik Buterin discussed Ethereum scalability bottlenecks.
