The Importance of Security in the Crypto Space
- Consensys CEO Joseph Lubin emphasizes importance of security in crypto space.
- Lubin compares crypto security to early banking days, urges industry to improve.
- He advises users to avoid social media financial advice and keep assets in cold storage.
- Lubin warns of increasing threats in crypto space as it grows.
- He compares crypto's complexity to the advent of the internet.
- Lubin describes shift to decentralized trust paradigm as challenging but necessary.
Summary :
Consensys CEO and Ethereum co-founder Joseph Lubin emphasized the importance of security in the crypto space, comparing it to the early days of banking. He stated that crypto is the hardest thing in software history due to its threats, vulnerabilities, and complexity. Lubin believes that as the industry progresses, better implementations of technology should be built. He also provided advice on securing digital assets, including not taking financial advice from social media and avoiding clicking on random links. Lubin warned that as the crypto space grows, the threats will also increase, and users should be prepared. He compared the shift towards decentralized trust in crypto to a paradigm shift in how the world organizes itself.
Sources :
- CoinTelegraph
