- Polkadot among the altcoins chosen by Ethereum co-founder
- Ethereum’s PoS transition yet to be comprehended, says Di Lorio
Anthony Di Lorio is counting on four cryptocurrencies because of his association with their creators. The Ethereum co-founder has bought Cardano (ADA); Polkadot (DOT); Cosmos (ATOM)and Bitcoin (BTC).
In an interview with Kitco news, he discussed Ethereum, Bitcoin, crypto regulation, altcoins and CBDCs.
“I’ve always been enthused with Polkadot. I’ve been enthused with Cosmos. I’ve been enthused with seeing what Cardano can do. Each one of them has what I’ve seen as potential limitations or potential problems, but I keep buying just to see.
I’m not in the inner workings of other projects and sometimes it’s difficult to spend the amount of time necessary to really dig in and really see where their potential fatal flaws might be, but projects like Polkadot… being done by Gavin Wood, another fellow Ethereum co-founder. Cardano with Charles Hoskinson. I have knowledge of the people behind them and I don’t know where they’re going to go with things but they are trying to solve problems.”
Di Lorio is optimistic regarding the future of new projects including the blockchains the above-mentioned coins are based on. He argued that even if these projects fail, there would be a lot to learn.
“A lot of these technologies, whether they succeed or fail, are providing valuable learning lessons across the board that even if they do fail or something happens it’s like ‘well, what have we learned from that and what can we take from that?’ and potentially they were very valiant moves to try and solve a problem that they just couldn’t do. I don’t know where they are going but I am watching.”
The Merge and its impact are yet to be fully realized, says Di Lorio.
“I’m concerned with centralization risks of proof of stake. I think right now, it’s been shown that there’s only two addresses or something that are accounting for almost 50% of all validating that is happening.”
“I’m concerned with entities such as exchanges that are having a lot of the strength and the validating that’s going on right now. It’s not a perfect system and who knows there could be things that come out that weren’t thought about that might lead to bigger risks. Let’s see what happens and comes out of this to be able to make that determination about which system is better.”
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.