According to Consensys CEO and Ethereum co-founder Joseph Lubin, the world is on the brink of a major change driven by decentralization, as the existing global monetary system is faltering. He expressed this viewpoint during a fireside chat at ETHDenver, where he shared his ideas on what might lead to the next technological and financial boom. Lubin anticipates that this change will bring about a prosperous period for the cryptocurrency industry as monetary systems transform and wealth shifts to younger generations. Ta ütles: The momentum is growing stronger and cannot be stopped. The importance of a system that is not centralized. Lubin created a comprehensive overview, making connections between past events and the present global situation. Discussing the idea of generational supercycles proposed by Strauss and Howe, he explained how each generation builds upon the one before it until a breaking point triggers the need for a new system. He believes we are currently in the final stage of this cycle, where the centralized systems are failing to meet the needs of the emerging generation. He contrasted the current top-down financial systems with the potential of decentralized trust provided by blockchain technology, emphasizing Satoshi Nakamoto’s creation of Bitcoin as a response to the limitations of traditional finance. This has paved the way for a shift from centralized intermediaries to open and transparent systems where anyone can participate and verify transactions, addressing concerns about centralization. Lubin expressed that the recent introduction of spot Bitcoin ETFs is generally seen as a beneficial advancement for the industry. Published on: Bitcoin, Ethereum, Adoption, Cryptocurrency, Cultural impact, Decentralized Finance, Exchange-Traded Funds, Highlighted.