Ethereum (ETH-USD) Co-Founder Vitalik Buterin believes that cryptocurrencies probably won't "take over the world" in terms of replacing traditional fiat currencies, he said Thursday at a VivaTech conference in Paris, as reported by Reuters. “I do not expect cryptocurrencies to take over the world,” Buterin said, as quoted by Reuters. “It’s about cryptos and digital and governments.” His remarks come as a slew of countries around the globe try to dull inflation by tightening monetary policy. Inflation is one of the nastiest kinds of taxes on the consumer because their purchasing power gets reduced in dollar denominated terms. As for ether (ETH-USD), the blockchain where most non-fungible tokens (NFTs) are bought and sold, it's coming close to making its transition to a Proof-of-Stake consensus mechanism from Proof-of-Work in a move that has been a long time in the making and could improve transaction costs and its ability to scale. While consumer price inflation
