Bitcoin, Crypto currency, Blockchain

Ex-CEO of Google Eric Schmidt praises the Potential of Ethereum

Ex-CEO of Google Eric Schmidt praises the Potential of Ethereum

Home News Ex-CEO of Google Eric Schmidt praises the Potential of Ethereum

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Marcus Misiak –
08.11.2018

Eric Schmidt, former CEO of technology giant Google, and today’s billionaire has declared at a private event at the Venture Capital firm Village Global, that Ethereum can be a “powerful platform”, their untapped potential beyond the Ether price.

In the conversation between Eric Schmidt and Tyler Cowen a range of topics were discussed, from the future of technology on the Antarctic, and the human life maintenance, the hiring practices of Google, to the Blockchain technology.

On the question of whether he thinks that the Blockchain technology is over – or underestimated, gave Schmidt a very positive response for the private sector.

In the public Format, overrated. In its technical usage underestimated. Today, the Blockchain is a great platform for Bitcoin and other currencies. And it is a great platform for Private Banking transactions, in which the people do not trust each other.

In the connection, he praised the potential of the platform Ethereum. Schmidt believes that Ethereum can come up in the future with exciting developments, which could revolutionize the economy and society.

I think the most interesting stuff that’s going on here, is the beginning of the execution on the Blockchain, the most obvious example is the ability of Ethereum. And if Ethereum manages to find a way for global synchronization of this activity, this is a pretty powerful platform. This is a really new invention.

Interesting Eric Schmidt was a leader supporter of Bitcoin after he came out already in 2011 by Julian Assange, the founder of Wikileaks in contact. Assange asked Schmidt at that time to accept Bitcoin, because one day it will be valuable.

Already in 2014, Schmidt praised Bitcoin as a unique technological advancement with great potential, which is a remarkable cryptographic achievement, since Bitcoin solved a major Problem in the digital world: the ability to create something in this world is duplicatable. He stated at that time that many people will be on the Bitcoin-architecture building firm.

The whole interview you can watch below (the Blockchain-the discussion starts at 26:50 PM).

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