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Ethereum Founder Says Cashless Societies Are Too Fragile — Offers Ethereum as Backup

  • Ethereum founder, Vitalik Buterin, argues that cashless societies are too fragile and offers Ethereum as a backup option amid rising cyber threats and geopolitical uncertainty.
  • Nordic governments, previously advocates of going fully cashless, now stress the importance of physical cash in national security, citing its reliability during cyberattacks or network failures.
  • Buterin emphasizes the need for Ethereum to be resilient and private enough to handle real-world crises, suggesting decentralized blockchain networks could provide the stability required in emergencies.
  • For Ethereum to serve as a reliable backup in crises, it needs to evolve beyond its current limitations, according to Buterin.

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