Joseph Lubin: "Ethereum will become a 'gold-standard' trust asset"

Joseph Lubin, co-founder of Ethereum (ETH), stated that "Ethereum will become a trust asset equivalent to the 'gold standard.'"

On the 19th (local time), Lubin announced on his X account that "the outlook that Ethereum's standing in the decentralized structure of Web3 will be tens of times greater than the real-world Gross Domestic Product (GDP) is not an exaggeration." He further explained, "One of the key aspects of Ethereum is the 'trust commodity' model. If trust is seen as a new form of virtual commodity, then Ethereum will be a trust asset equivalent to the gold standard."

Lubin also asserted that "Ethereum Layer 1 will become the global 'master ledger.'" He emphasized, "(Ethereum) allows anyone to view and use data without permission and to add functionalities," adding, "It also features a structure that is difficult to tamper with and can resist censorship." He continued, "Above all, Ethereum has a massive community with the highest level of industry expertise, always on guard against and ready to respond to system subversion attempts," and added, "As Ethereum continues to grow and mature, it will become increasingly difficult for any attempt to overthrow the system to succeed."