Ethereum with rescue? Sweden is one of the most modern countries in leaving cash, such as tickets and coins and populations like digital payments. However, the Swedish government faces geopolitical tensions, especially with Russia, that in the case of electricity or the Internet, this would require rescue solutions. Vitalik buterin participated in the debate, considered it Ethereum can be part of the solution And several speakers answered him. Here is a summary of their political, technical and philosophical exchanges.
- Sweden, the champion of digital payments, faced fears of possible cyber attacks, especially by Russia, challenging its transition to cash without cash.
- Vitalik buterin has proposed Ethereum as a potential rescue solution for offline transactions, but technical challenges, including the problem of double expenditure, remain unresolved.
Sweden deals with cyber attack on payment networks
First you need to know that Payment market in Sweden is almost completely digital. Debit and credit cards are the most common forms of payments for mobile payment applications such as SwishAlso very popular in the country.
But according to the recent article in The Guardian, Suede It concerns hybrid attacks on Russiaincluding possible Cyberguerre. These actions could eliminate critical infrastructure from operation such as networks electricon which network of digital payments depends.
The Swedish government even recommended to its citizens to postpone asideLiquid silverIn case and for Miranda Bryant, a journalist, it is obvious:
“Scandinavian countries are returning to the initiative of a company without cash, because their centralized implementation is too fragile. As a rescue solution is necessary cash.» »
An excerpt from the article “Back to Cash: A Life Without Money in Pocket is not Utopia Sweden Hope” from Miranda Bryant – Source: The Guardian
VITALIK BUTERIN offers Ethereum for this offline payment
The answer to that vulnerability would be to develop and Offline electronic money so that economic life can continue even if the Internet has broken down or if Electrical network The country is damaged.
Moreover this ability would make a Swedish company more includingBecause everyone has no bank card or smartphone today, but we will return to it. Interest in the subject, Ethereum what -founderhe took part in debate And published the following message:
“Scandinavian countries are giving up their project without species because their centralized implementation is too fragile. The liquid is essential as a rescue solution. Ethereum must be sufficiently resistant and private to play credibly this kind of role.” »» »
Vitalik buterinWhat -founder etherum networks – source: account x
But the question Technical feasibility Immediately appeared, and several parties involved, such as Yash Kalash, Director of the Digital Economy Research in the Center for Innovations in International Administration. It is a necessity for him“Predict this kind of event ::
“Thanks to this Cyberguerre, the transaction capacity makes it an absolute necessity and not only the question of comfort (…) and at present the authorities cannot switch to a fully digital payment system because offline payment technologies are simply not available.» »
Yash Kalash, Director of Digital Economy Research in International International International Administration – Source: Cointlegraph
For this specialist, offline digital payment models “Solid and respectful privacy” will not be available “Three to five years ago”. Until then models “Hybrids” The combination of pre -loaded wallets, secure chips and communication nearby (such as NFC or Bluetooth) will dominate the payment landscape.
Again, the question of double expenditure arises
Because different solution The current cannot respond to The problem of ancestors Digital payments: double expenses. As Keir Finlow-Bate, CEO and founder of Chainfrog, research and development companies for Blockchain, these technical challenges are the same as the challenges that they encountered several years ago developers Cryptocurrencies:
“In the end, everything is a problem of double expenses! How to behave digital construction acts like a physical object so that one person can own it at the same time? This is the central problem of design and implementation of offline digital currency.” »
KEIR FINLOW-BATE, CEO and founder of Chainfrog-Source: Cointlegrah
Yash Kalash and Vitalik Buterin then replace Different options Get there as Solution zer (or proof of zero knowledge) But the founder Ethereum is recognized that all this is currently Technically unhappy.
Finally, as conclusionMoa Petersen, Associate Professor at the Swedish University of Lund, remembered challenges Cash Company:
“The constant disappearance of liquid money is unduly affecting socio -economically vulnerable groups and pushing them even more on the margin.” »
Moa Petersén, Associate Professor at the University of Lund – Source: Cainelegraph
Technical feasibility should not necessarily mean implementing a project of such a size. Above all, we should be surprised what type of world we want to live. And he’s right. It is not for techniques or entrepreneurs to determine how we create society, but for people and perhaps their representatives. In order to temporarily close the debate, there will be different opinions on the problem with the example of Switzerland that will vote for the institute (or not) liquid money while Gérald Darmanin calls for the end of cash To fight drug trafficking. They are two rooms, two atmospheres on both sides of the Alps.
(Tagstranslate) blockchain