On Wednesday (September 28), Ethereum Co-Founder Anthony Di Iorio told Michelle Makori, Editor-in-Chief and Lead Anchor at Kitco News why he has been investing in $ADA, $DOT, and $ATOM.
Di Iorio started with Bitcoin (BTC) early in 2012, at a time when it was trading under $10; that is when he started the Toronto Bitcoin Group. Then, sometime in late 2013, Vitalik Buterin told him about a project he was working on — Ethereum — and that’s how he became one of the first people in the world to read the earliest version of the Ethereum white paper. He became a co-founder of Ethereum by putting his time and money into helping to build the Ethereum team.
Later, in early 2014, Di Iorio opened an office in Toronto for his blockchain startup Decentral, which, two years later, released the first version of the multi-platform cryptocurrency wallet Jaxx.
According to a report by The Daily Hodl, when asked by Makori which altcoins (if any) he was interested in, he replied:
“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...
“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.“
Last month, according to a report by Anna Golubova, during an interview with Kitco News, Di Iorio talked about how he got involved with Ethereum:
“In the beginning, I was shown the whitepaper by Vitalik at the end of 2013. Bitcoin was limited in what it could do. [We] needed something more generalized that could do more complex functions that Bitcoin couldn’t do. Early on, there was a realization it was going to be big and what was needed. That’s why I took the plunge and set up entities in Toronto to build the team.“
On September 18, Di Iorio talked to crypto analyst Scott Melker (“The Wolf of All Streets”). When asked what is the best case for Ethereum ($ETH), he replied:
“I think something that can radically provide improvements to people’s lives in many different sectors by creating more efficiencies, by making things cheaper, making things fast faster, making things more user-friendly, and showcasing that people’s resources can be redeployed in new ecosystems where maybe before they were not doing anything of real value.
“And when you’re not doing something of real value, new systems are going to come that are going to remove you from the equation. So, how do we get those people moving into new sectors and industries where there will be value contributed into it?
“I’m an optimist… These technologies may create a lot of radical change, and displace or at least remove non-value-added participants from the equation. But how do you then reposition those people into new sectors due to the technology and innovations that will help them to flourish and thrive? I think creating radical change and creating more efficiencies that help people in their lives would be what I would see as the end game for these technologies.”
Featured Image is from the website of NASCAR Driver Trent Barnes