$ETH: Anthony Di Iorio on Best Case Scenario for Ethereum

Canadian crypto entrepreneur Anthony Di Iorio, who is a co-founder of Ethereum, recently talked to crypto analyst Scott Melker (“The Wolf of All Streets”) about Ethereum.

Di Iorio started with Bitcoin (BTC) early in 2012, at a time when it was trading under $10; that is when he started the Toronto Bitcoin Group. Then, sometime in late 2013, Vitalik Buterin told him about a project he was working on — Ethereum — and that’s how he became one of the first people in the world to read the earliest version of the Ethereum white paper. He became a co-founder of Ethereum by putting his time and money into helping to build the Ethereum team. 

Later, in early 2014, Di Iorio opened an office in Toronto for his blockchain startup Decentral, which, two years later, released the first version of the multi-platform cryptocurrency wallet Jaxx. 

Last month, according to a report by Anna Golubova, during an interview with Kitco News, Di Iorio talked about how he got involved with Ethereum:

“In the beginning, I was shown the whitepaper by Vitalik at the end of 2013. Bitcoin was limited in what it could do. [We] needed something more generalized that could do more complex functions that Bitcoin couldn’t do. Early on, there was a realization it was going to be big and what was needed. That’s why I took the plunge and set up entities in Toronto to build the team.“

On September 18, when asked by Melker what is the best case for Ethereum ($ETH), he replied:

“I think something that can radically provide improvements to people’s lives in many different sectors by creating more efficiencies, by making things cheaper, making things fast faster, making things more user-friendly, and showcasing that people’s resources can be redeployed in new ecosystems where maybe before they were not doing anything of real value. 

“And when you’re not doing something of real value, new systems are going to come that are going to remove you from the equation. So, how do we get those people moving into new sectors and industries where there will be value contributed into it? 

“I’m an optimist… These technologies may create a lot of radical change, and displace or at least remove non-value-added participants from the equation. But how do you then reposition those people into new sectors due to the technology and innovations that will help them to flourish and thrive?  I think creating radical change and creating more efficiencies that help people in their lives would be what I would see as the end game for these technologies.”

Image Credit

Featured Image via Pixabay

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