📄 Extracted Text (318 words)
From: Vincenzo lozzo • M>
Sent: Tuesday, August 26, 2014 7:27 PM
To: Joi Ito
Cc: jeffrey E.
Subject: panel on the future of bitcoin/libertarian fest
https://www.youtube.com/watch?v=_qdr_Z3hrqQ&
This is interesting to watch not because it's particularly insightful =bout the future of bitcoin but because it's a good way
to understand =he community.
A couple of points:
1) It's a libertarian fest..
2) They are fairly unclear about what the value of bitcoin is. They =irst say it's the protocol to perform transactions(it's
the 'internet' =f currencies), then it's the hashing power (so essentially this means =he 'social network'), and then the
price cutting on the normal financial transactions
3) They keep saying that bitcoin will replace CC and exchanges for =inancial products, I don't think they understand that
bitcoin at the =oment doesn't actually solve any of the problems these institutions are =ctually paid for
4) They got in this mindset that the only way to go about 'innovation' =s to build on top of bitcoin, and some of the stuff
they mention is =verly complicated for no other reason than the fact that it's built on =op of bitcoin..
5) They keep advocating for derivatives and such on top of bitcoin for =rice stabilization, if those ever exist and the
market depth is big =nough I think that will lead to a collapse of it if anything.
So my summary is: =ttp://cdn4.miragestudio7.com/wp-content/uploads/2014/03/ancient-aliens-gu=.jpg - sorry for the
snark I've been watching videos of these people =he whole day..
On a serious note, I'm not sure whether this is good or bad but I don't =hink they know what they are doing (not from a
technical POV, but from = 'larger scheme of things' one)=?xml version=.0" encoding=TF-8"?> <IDOCTYPE plist PUBLIC "-
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