The presentation event of the Terrabitcoin project, which will be held on October 24th in Lugano, is almost sold out.
Reservations amount to more than 150, and for this reason, the organisers invite those who wish to participate to register on the official terrabitcoin.club website before the registrations close. Participation in the event is free for everyone but requires registration on the website.
Paolo Barrai describes this project by saying:
“Terrabitcoin is like the world of today, but where fiat currencies are not used because they represent a debt that will never be paid”.
The Terrabitcoin project is preparing for a world where bitcoin and all existing blockchains are the new infrastructures that support the real economy: not only the use of cryptocurrencies as exchange currencies, but also tokens that represent real assets, such as commodities, security tokens, real estate tokens, and so on.
The current monetary system, based on fiat currencies, is unstable and for the moment there is no simple and painless way out on the horizon. The debts are getting increasingly bigger and unsustainable, there is a war between currencies and anaemic economic growth, as well as no redistribution of wealth.
However, fiat currencies are not the only ones in the world, since in the monetary area it has finally been possible to innovate thanks to decentralised P2P technologies, such as bitcoin.
Although they are different, cryptocurrencies offer an alternative to fiat currencies, which is why the new Governor of the European Central Bank, Christine Lagarde, could not help but open up to these new technologies.
In this scenario, the Terrabitcoin project states that it wants to be ahead of its time, envisaging the creation of new money, supported by the real economy and by real assets, such as gold, and not by debt.
A future is imagined in which a new benign money mass will flow into the market, as opposed to the cancerous nature of the old monetary system, which is incapable of making the system grow and redistributing wealth.
And so, the creators of the Terrabitcoin project believe that fiat money and debt will be the new losers, while the new system based on currencies supported by real assets, which use the various blockchains as infrastructure for exchange, will prevail.