We continue with the coverage of laBITconf 2020. On this occasion, we will tell you the highlights of the panel led by: Anthony Di Iorio, Brock Pierce, Charlie Shrem and Rodolfo Andragnes, called: “Old but pretty”. In it they talked about the benefits and transformation that the main cryptocurrencies in the market have provided to the economy. How is Bitcoin and Ethereum.
The panelists expressed that since 2008, cryptocurrencies have opened a different alternative for investment and business. They also highlighted that cryptocurrencies such as Bitcoin, allowed many to think of the digital age as their “income salvation.” Without them being affected by external situations.
They also mentioned that, currently, millions of people prefer to safeguard their income in the wallet of this cryptocurrency. Why? Well, because they know that the value of this virtual currency does not depend on the opinion of an official body. On the contrary, its value is based on the “supply and demand” of the users who handle it.
Bitcoin the lifeline against any crisis?
For their part, they commented a bit about the crisis currently caused by COVID-19 and how the economy has been affected by it. Rescuing the benefits that cryptocurrencies like Bitcoin and Ethereum can offer in crises like these.
In fact, they highlighted that it is time to see Bitcoin as the excellent alternative that it is for society. Ensuring that this virtual currency will be the main protector of our capital against the unevenness of the global financial system. Well that is the main reason for its creation.
Anthony Di Iorio
Over three decades Anthony Di Iorio has launched more than 10 companies. He has invested tens of millions of dollars in numerous industries, including blockchain.
Di lorio expressed in the intervention of laBITconf 2020 that he sees virtual currencies as the axis of a revolution that has transformed and will transform the way we live. The main virtue of “crypto”, a common abbreviation for virtual currencies, may lie in its ability to safeguard the identity of the user.
He also commented that the revolution will spread throughout the business world, even in politics. “Technology will provide new forms of governance, new ways of eliminating voting fraud. I am in favor of personal freedom. You should be able to do whatever you want as long as you’re not targeting anyone, ”he said.
Much of the excitement around cryptocurrencies today is centered around Ethereum, where, as an early investor, Di Iorio made a lot of money.
For his part, he expressed that much of the excitement around cryptocurrencies today is centered around Ethereum, where, as an early investor, Di Iorio made a lot of money.
While Bitcoin is remarkably good at financial transactions, Ethereum, first proposed in 2013, boasts a rich programming language. Which can make a wider range of applications possible. The enthusiasm is spreading.
For his part, Charlie Shrem, founder of the Bitcoin Foundation, coincided with the arrival of Bitcoin and later other cryptocurrencies. The world economy began to change.
At present, digital currencies are “giving a pulse” to the traditional ones. Thus impacting the global financial system and presenting themselves as the possible currencies of the future.
He added that cryptocurrencies made a dent in society. And, today, many users make use of these currencies to maintain their own capital. And thus avoid possible setbacks that may arise within the world economic system.
Apart from all this, it must also be taken into account that cryptocurrencies have multiple benefits compared to traditional currencies.
“Which means that we are not subject to any type of commission, which is what banks usually do to carry out transfers. Therefore, with these digital currencies, we will not need any type of intermediary, which makes it easier to carry out any movement, “he added.
Although cryptocurrencies are currencies that have a relatively short life, experts say that their impact on the world economy will be stronger and stronger as the years go by.