🌍 The End of Globalism and the Victory of Ethereum: A New World Order in the Eyes of David Hoffman
David Hoffman, co-founder of Bankless, has returned from the Davos Forum with a frustrating yet thought-provoking prediction: the world as we have known it since 1945 is officially becoming a thing of the past.
What is happening?
The era of collective rules by the United Nations and global financial institutions is being replaced by an era of national self-interest. Statements from American officials about the 'failure of globalism' and the disintegration of international rules confirm that countries are no longer willing to participate in the game of 'a unified world' unless it directly aligns with their interests.
What does this have to do with cryptocurrency?
Hoffman believes that, in the context of a collapse of trust between nations and a crumbling old financial system, the role of Ethereum is undergoing a fundamental change:
1️⃣ Neutral Foundation: As the world splits into independent blocks, we need a fair and objective settlement system.
2️⃣ Ethereum as a Global Arbiter: If nations no longer trust each other, they will be forced to trust the code.
3️⃣ Return to Sovereignty: In a new world where nations govern themselves, decentralized protocols are the only way to maintain international interaction without political pressure.
Summary: We are moving towards a model where nations remain the highest form of organization, but their interactions will be built on the foundation of blockchain. Ethereum could become the 'glue' that prevents a complete collapse of the world economy.
📉 Globalism is dead, long live decentralization?
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