Current Events I – Cryptocurrency

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In the world of cryptocurrency, anonymity creates opportunities to amass incredible amounts of digital wealth. According to this recent article from Bloomberg, a trader turned $55 million worth of the cryptocurrency Ethereum into the equivalent of $283 million over the course of a month. Joseph Lubin, COO of the company that developed Ethereum, states, “The long-range vision is moving the fundamental transactional elements of our society from analog, friction-filled systems to natively digital frictionless systems.” Do you agree with Lubin’s claim that anonymous transaction systems are inherently more efficient? If cryptocurrencies become stable and better accepted, how will business practices and strategy change as identity and the transfer of currency are separated?
https://www.bloomberg.com/news/articles/2017-07-10/secret-millions-for-0x00a651d43b6e209f5ada45a35f92efc0de3a5184

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