Consensys CEO backs Vitalik Buterin’s ‘make communism great again,’ advocates for ‘purer capitalism’

The boss of the consensys, Joseph Lubin, says that decentralization could finally bring “real capitalism”, responding to the “reality of the capitalism of Vitalik Buterin” to make communism great again “.

Joseph Lubin, Managing Director of Consensysweighed on Ethereum co-founder Vitalik ButerinThe recent ironic “Make Community Great Again” is recent, claiming that decentralization could be the key to finally reach true capitalism.

His comments came in response to the ironic tweet of Buterin, who seemed to echo some of the ideas of his “degen communism” to read Long, which explored the concept of distribution of wealth in decentralized systems.

“I personally believe that we are currently inaugurating a new era which I consider as a collective capitalism. It is indeed time to make capitalism great for the first time, because we have never really experienced capitalism on planet Earth. »»

Joseph Lubin

Lubin also explained why Buterin made the statement, saying that “people continue to shit” on Vitalik, which pushes him to “unleash provocative and ironically with an absurd declaration” – something that corresponds to his absurd humor typical.

“Note that his mother and father escaped communist Russia with him when he was a child. And his father, Dima, fully trusts the judgment of V. Joseph Lubin

Although Lubin has not plunged into details on the functioning of “pure capitalism”, he stressed that decentralization could help make a reality.

In early April 2024, Buterin deployed an articlesuggesting that crypto governments and projects could exploit market chaos for the good of society. In its manifesto, the co-founder of Ethereum underlined the city of Austin, Texas, as an example of “Dégen le Communism” in action. He praised the laws on liberal housing of the city, which helped create a boom in the construction of apartments and to reduce rent prices by more than 10% since 2022.

Buterin considers the drop in rent prices as a clear example of how free market forces can create general advantages – although some, like long -standing residents, can disagree with the result.