Vitalik Buterin, the mastermind behind Ethereum and a Crypto maniac, has revealed his dream of a commercial sphere for Crypto. In his sphere though, he isn't spending Ethereum and Bitcoin, but rather Bitcoin Cash.
Vitalik lately discussed the state of Ethereum and the future of Crypto Blockchain tech during his speech at a small function in Berkeley. Among his major focuses is the great idea that the future for Crypto falls within open regulations which are created to shield users and protect cryptocurrency while letting users spend it without any barrier. It appears that Vitalik strongly believes Bitcoin Cash is the best and decent currency for this. Maybe Roger Very has been getting to Vitalik a little?
“The amount of sustainable usage of blockchain is very low. Although it exists, there are a lot of people giving value to cryptocurrencies, yet the amount of useful stuff happening is still much lower than the $200 billion market cap makes it seem. The main challenge for the industry, as I see it, is basically understanding how to bridge that gap and get to the point where there is $200 billion in some sense of actual final value being generated.”
Further, Vitalik discusses his vision for the future of crypto, precisely what he needs to see and the exact environment that he hopes will permit the sector to prosper:
“I want to be able to walk into a convenience store, get a card and pay a small fee to start using Bitcoin Cash. Allowing people to use small amounts of cryptocurrency for everyday use is valuable within crypto, and also particularly for use cases of blockchain that go beyond crypto. Even non-financial blockchain use cases still require transaction fees. If we can reduce this friction with one trip to the convenience store, it would be simple to start using cryptocurrency.”
It seems like Vitalik believes that Bitcoin Cash will widely become the first adoptable crypto, which sounds as if he is backing BTC Cash. This concept of spending minute amounts of crypto in regular shops and stores is the dream of several cryptocurrency adoption maniacs, a dream that will only happen with the correct regulations in place.
Cryptocurrency and Blockchain technology have a use case, even if it's full noumenon can't be given out until proper regulation helps it along.