Joseph Lubin, co-founder of Ethereum and founder of Consensys, hopes the digital currency of the Chinese Central Bank (CBDC) will allow interoperability with permissionless public blockchains, including Ethereum.
Ethereum is "a very positive virus"
Lubin made his statements during an interview with Forbes published on November 9:
"I suppose that will be exactly what the Chinese leadership considers most beneficial to them. We hope it's also open and it's possible to interact with it, but I don't know. "
Furthermore, Lubin added that he would like to see greater participation by China in the Ethereum ecosystem. He cited the case of the blockchain-based trading platform Belt and Road, noting that it uses one of the "weaker technologies"compared to public blockchains like Ethereum:
"I would like to help China become an expert in Ethereum technology. (…) The main idea is that Ethereum is the most powerful of blockchain technologies and is a very positive virus to implant in people's minds. "
Lubin also noted that he expects the country will continue to try to sabotage the status of the US dollar as the world's reserve currency. However, he also believes that Chinese CBCD will not have much impact in this respect. He stressed that Russia and China are committing to conducting business without resorting to the US dollar:
"There are many reasons why American influence is shrinking, and it will probably continue to shrink. It may not be a bad thing, but in some ways it will be. I don't think Chinese cryptocurrency is an important factor."
"If it wanted to do it," China could censor cryptocurrencies
Lubin also stated that China tends to hinder access to digital currencies in competition with its own, including Ether (ETH). He explained that the government's ability to prevent access to Ethereum in China depends on advances in thorough inspection of network packages and the nation's motivation.
In the end, Lubin admits that the Chinese government "could do it"However, new technologies such as satellite blockchain streaming and mesh networking could be a way to get around censorship.