MakerDAO Founder Talks On Bitcoin & Ethereum Being Digital Gold

Whereas some people in the industry think it’s good to see Bitcoin as digital gold or store of value asset, there are plenty of others in the space that highlight the view that this was defying the whole point of Bitcoin, as it was made to be used as digital cash. 

You could say that Rune Christensen, the founder of MakerDAO, would be a part of the latter group.

Digital gold

Talking in a recent podcast, the founder said that the leading cryptocurrency, Bitcoin and Ethereum both have the potential to becoming digital gold. Despite this, Christensen recalls the original vision that BTC envisioned in the beginning and he went onto indicate something completely different is happening to bitcoin now. He believes that this is what drove a lot of people to the other cryptocurrency in the space, Ethereum. 

Christensen added:

“So I mean, it’s just like there’s different types of technology that have different use cases, right. And Bitcoin’s use case turns out to be digital gold, which is great, but it’s not the original vision of digital cash.”

On top of this, while the Ether community has been highly looking forward to the network’s transition from proof-of-work [PoW] to proof-of-stake [PoS] thanks to the hyped-up Ethereum 2.0, the founder revealed how the Maker Foundation has a similar view.

“The way that we think about scalability in general and just like, it’s a question of like, which blockchain to choose in general is that, you don’t have to ever depend on any single blockchain for your scalability or just in general.”

It will be interesting to see how this plays out. For more news on this and other crypto updates, keep it with CryptoDaily!