To date, the capitalization of the cryptocurrency market amounts to 140 billion dollars. Goldman Sachs is considering Bitcoin trading. Celebrities release their tokens. Fidelity mine mining cryptocurrency. Even in North Korea, it is mined. Cryptomarket is a stupid circus with serious consequences. However, amidst all the hype about prices and bubbles, a group of technicians, investors, lawyers, entrepreneurs, and dreamers are working on translating social revolutions through the blockchains. They are all convinced that this will change our lives, but how? 25 influential people working in the industry shared their opinions. They are published here.
Catherine Hon, Member of the Board of Directors, Coinbase
Catherine Hon, former federal prosecutor and digital currency coordinator for the US Department of Justice; board member
As mobile phones appeared due to pay phones, cryptocurrencies will appear in ATMs and bank branches. More people will use cryptocurrency for payments due to lower commissions, greater convenience and greater security.
Financial institutions that have historically won confidence will no longer be needed to complete many transactions. This is already happening where people do not have access to traditional financial institutions. At the same time, blockchains and decentralized networks guarantee greater security and reliability. Once, identification information and other data that can now be easily stolen will be placed in distributed registries. Today it is cheaper and faster to transfer cash through Fed Ex than to make an international money transfer. Cryptocurrencies will change that.
Eric Voorhees, Director of Shapeshift
Cryptocurrency (such as Bitcoin) is one of the most interesting and consistent products based on blockchain technology. Cryptocurrencies will crowd out and rеplace government currencies. Centrally planned national money will disappear, perhaps slowly, like castles or all at once like slavery.
Cryptocurrency moves anywhere, instantly, at almost zero cost. The national digital currency will become fundamental to the digital, borderless Internet community.
Governments will lose the opportunity to make money out of thin air. Budgets will be formed only through taxes and loans. Inflation will disappear. Prices will no longer rise every year. Bread will no longer cost more for a son than for a father. Human relations will again be built on the basis of a fair market financial system, without reducing the value of fiat currency, the most obvious financial fraud of all time.
Jamie Smith, Bitfury Marketing Manager and Director of the Global Blockchain Business Council
Jamie Smith, Bitfury Marketing Manager and Director of the Global Blockchain Business Council
Thanks to blockchain technology, we will live in the world we deserve, where the government works for the good of the people.
A world where our contracts cannot be changed, where the electronic transmission of our data and the tracking of our goods are fast, low-cost and simple. A world where cyber security is not just hope, but reality. And most importantly, thanks to the blockchain technology, we will be able to vote where we want, when we want, from our mobile phones and our votes will be taken into account.
Source: chby.io
