Monday , November 29 2021

"A good policy will encourage your countries to use crypto currency"


The currencies, which have suffered heavy losses since January, will continue to experience volatility in the coming years. But the conviction among the three experts and investors in the field is that these devices have come to end up being a generalization to restore power to consumers through its distributed management.

"We see all kinds of volatility … bad politics will try to use their power, but a good policy will encourage their countries to use crypto," said Tim Draper of venture capital Draper Associates, who on Tuesday went to the top of the Web to analyze the state of the art of digital currencies. Since the end of last year, bitcoin, for example, has lost more than half its value, attributed to concerns about business-related security, market corrections or problems that prevented large traditional players from entering the crypto-currency market.

"It was wrong in future behavior," said Peter Smith, CEO of Balochin, one of the leading executives in Cryptoman. "Cryptomercado is very small. There is a lot of room to grow, but we need to be a bit more modest. The platform is fundamental to growth, "he added.

Draper and Smith also argued that turning to crypto coins is a way to restore power to consumers by making them part of the security and governance process and by contrasting the characteristics of currencies distributed in "traditional" money managed by central banks. "We will return to power … because the people in this room have the power to choose, decentralizing the market and giving back to the consumer," reinforces Gary Tan, Initialized Capital.

But for that to happen, it is necessary first that the cricketdomads become rude in the ordinary citizen's wallet, which Ted Draper says will happen when a big brand, such as Starbucks, accepts them as a means of payment and helps to use them. "It will be an easy choice, we have to push it to happen, and it goes by buying bitcoin, putting it on the ledger [uma das carteiras], Feel this coin, "he defended.

Or, as Peter Smith did before the start of the meeting, by announcing a proposal to each participant at the Internet Summit of an equivalent of $ 25 in Steller cryptomeda (about 100 units). This distribution – "Air Flight" will also cover the millions of users on the platform, totaling $ 125 million available in this currency.

With Bitcoin at $ 5,600 – it stood at 15,000 at the end of last year – no one wanted to make predictions as to where the cryptomaniac would be in a year. Smith and Tan, on the other hand, are "very optimistic" about their evolution.

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