Consensys boss Joseph Lubin says decentralization would possibly perchance well at final bring “staunch capitalism,” responding to Vitalik Buterin’s apparently meta-ironic “plan communism mountainous again.”
Joseph Lubin, the chief govt of Consensys, has weighed in on Ethereum co-founder Vitalik Buterin‘s most modern tongue-in-cheek “plan communism mountainous again” post, announcing decentralization would possibly perchance well perhaps also very properly be the predominant to at final reaching staunch capitalism.
Contributors support shitting on V and probably at final he will get pissed off and provocatively and paradoxically lashes out with a preposterous commentary — which is constant along with his humorousness and consideration to the absurd.
Expose that his mom and dad escaped communist Russia with him…
— Joseph Lubin (@ethereumJoseph) February 13, 2025
His comments came in step with Buterin’s ironic tweet, which looked to echo some of the ideas from his earlier lengthy-read “degen communism,” which explored the notion that of spreading wealth in decentralized systems.
“I in my notion assume we’re at existing ushering in a brand fresh technology that I mediate of as collective capitalism. It is certainly time to plan capitalism mountainous for the first time, as now we bask in by no approach genuinely experienced capitalism on planet Earth.”
Joseph Lubin
Lubin also defined why Buterin made the commentary, announcing “of us support shitting” on Vitalik, which pushes him to “provocatively and paradoxically lash out with a preposterous commentary” — something that matches his conventional absurd humor.
“Expose that his mom and dad escaped communist Russia with him when he was once a baby. And his dad, Dima, fully trusts V’s judgement.” Joseph Lubin
Whereas Lubin didn’t dive into specifics on how “pure capitalism” would possibly perchance well work, he emphasized that decentralization would possibly perchance well serve plan it a actuality.
In early April 2024, Buterin rolled out an editorial, suggesting that governments and crypto tasks would possibly perchance well harness market chaos for societal supreme. In his manifesto, the Ethereum co-founder pointed to town of Austin, Texas, for occasion of “degen communism” in circulate. He praised town’s liberal housing felony pointers, which bask in helped plan a development in apartment constructing and lowered lease prices by over 10% since 2022.
Buterin sees the descend in lease prices as a clear example of how free market forces can plan sizable advantages — although some, esteem lengthy-time residents, would possibly perchance well disagree with the cease consequence.
