Joe Lubin: DeFi is as Safe as Traditional Finance

Joe Lubin's DeFi Statements

Joe Lubin stated that "blue chip," or high-quality decentralized finance (DeFi) protocols are now as secure as traditional financial systems. Lubin expressed that global banks have become "devalued" and increasingly less reliable.

Bitcoin and Quantum Computer Threat

Additionally, Lubin, who is optimistic about Ethereum, expressed a serious concern regarding Bitcoin. This concern points to "Q Day," a moment when quantum computers could potentially break existing encryptions. This poses a significant problem that could threaten the future existence of Bitcoin.