In a recent column for The Financial Times, Joseph Lubin, co-founder of Ethereum and founder of Consensys, highlights the pressing challenges facing the current financial system. Lubin argues that the existing system is under pressure from structural issues like trust deficits, high inflation, and escalating debt levels. He draws parallels between blockchain networks like Ethereum and the early internet protocol (HTTP) in the 1990s, envisioning them as essential building blocks for a decentralized and programmable financial infrastructure on a global scale. Lubin emphasizes that the goal is not to replace traditional institutions or currencies but to build an open financial architecture that can complement and interact with existing systems, with major players like BlackRock and JPMorgan already adopting this approach.