Lane Rettig says crypto is going to change the world by providing the “fuel” that drives the next generation of entrepreneurs.
He compares the disruptive technology to the cloud computing revolution in information technology.
According to Lane Rettig, an Ethereum developer, crypto adoption is growing at a rapid pace even though the space attracts new developments which could see the cryptocurrency permeate every aspect of society.
The developer believes that cryptocurrency has given rise to a new global economy. It creates value for all people, regardless of their location. With crypto projects now virtually in every sector of the economy and daily life, Rettig believes the impact of the whole ecosystem will be “profound and long lasting.”
He believes that the crypto space has only begun to be a part of social life, and there are more developments.
“[Crypto] is going to impact every corner of society in our daily lives,” the developer told Yahoo Finance.
Rettig sharedIn a Yahoo Finance interview, he shared his positive view on the crypto market.
Crypto is taking over the globe
Asked to comment on where crypto is at the moment, he said it’s still early. It is still a long way before cryptocurrencies can be truly accessible to everyone. He suggested that one way to make cryptocurrency more accessible is to make it easier for users.
He explained that crypto is a disruptive innovation, much like cloud computing during the early years of information technology. Although the sector was still developing over time, he explained that tech eventually dominated the world with giants such as Amazon and Microsoft.
The same steps are being taken by cryptocurrency. Apart from finance, crypto apps are revolutionising the financial, health, supply chain, education, as well investment sectors. This sector is changing every aspect of our lives but that’s not all.
Rettig suggests that crypto is the fuel that will drive a whole new group of young entrepreneurs. With the DAO likely taking center stage in this growth trajectory, Rettig says.
According to the developer, the next chapter of revolution is entrepreneurial growth through blockchain-based ‘companies’ dubbed decentralized autonomous organisations (DAOs).
Although he notes there are still issues around DAOs, he remains adamant the sector will “take over the world.”
“I think DAOs are the next step in the evolution of human organisation, and I think this is a generational shift that will take decades to play out,” he pointed out.
He claims that cryptocurrency has allowed people to reveal projects and applications that were not possible just a few years ago.