THELOGICALINDIAN - Speaking at the Wired Money 2024 accident bitcoin able and columnist Andreas M Antonopoulos said that Bitcoin is the Internet of Money and bill is aloof the aboriginal act
Antonopoulos said that best bodies don’t accept the actual compassionate of money, emphasizing that there is a accomplished acumen amid money and currency.
“Bitcoin is not a currency,” he said. It is a “network-centric archetypal for recording buying and trust“. It is the “internet of money and bill is aloof the aboriginal act“.
Bitcoin Can Solve Identity Theft Problem
While best of the cryptocurrency experts abide on the transformations that the agenda bill can accompany about in the banking casework industry, Andreas believes that there is an alike bigger appliance of this confusing technology: analytic analyze theft.
Stating that claimed advice is calm in the acceptable cyberbanking system, appropriately consumers are consistently apparent to character fraud. The cryptocurrency has the axiological advantage accustomed that it does not depend on either of the transacting parties’ claimed advice to complete the payment.
Blockchain Is Boring, Focus On Bitcoin
According to Andreas, the technology basement the agenda bill is arid in itself. He said, “The Blockchain itself is arid technology… it’s Quicken, alone apathetic and distributed.”
Bitcoin Is Not Ready For Greece
Andreas told WIRED editor David Rowan that “Greece is not accessible for bitcoin and bitcoin is not accessible for Greece.”
Rumors accept been accomplishing the circuit that in case of an avenue from the Eurozone, Greece may about-face to Bitcoin instead of opting to book money.
He acutely underlines the botheration of clamminess – a botheration which cannot be artlessly apparent by bottomward Euro and adopting bitcoin.
However, the agenda bill can absolutely prove to be a safe assets canning apparatus in the accepted Greek scenario. “Bitcoin is about bodies accepting a safe anchorage out of the accepted bill ascendancy systems,” he said.
