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Terrabitcoin officially presented in Lugano
Terrabitcoin officially presented in Lugano
Blockchain

Terrabitcoin officially presented in Lugano

By Marco Cavicchioli - 25 Oct 2019

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The presentation of the Terrabitcoin club took place in a completely full room at the Hotel Splendide in Lugano. 

The creator of the initiative, Paolo Barrai, described a global financial system that is currently unable to evolve following technological innovation. 

The solutions introduced by the technologies that are at the base of cryptocurrencies can allow to keep up with the times, provided that they penetrate into the real world and everyday life. 

In fact, on the one hand, the macroscopic data do not suggest that economic growth can be sustained in the coming years, partly because the growth of debt has recently been on average higher than that of GDP. 

Moreover, the speed with which money circulates in the markets is falling sharply. Meanwhile, on the other hand, States are trying to restrict the freedoms of their citizens because they want to gain greater control over them. 

Barrai explained that there is a real struggle for freedom, especially financial freedom, and that it will not be the blockchain that will give this freedom. Blockchain is an infrastructure, which must be used to reclaim one’s freedoms, primarily financial ones. 

This could be helped by the so-called tokenisation of the economy, i.e. by creating and putting on the market tokens that represent real assets, such as real estate. This would result in liquid assets of great value but which are currently illiquid, so as to increase liquidity and, consequently, the speed with which money circulates on the markets. 

According to Barrai, there is already mass adoption of cryptocurrencies in the restricted field of trading, but this is not yet the case for traditional markets, especially consumer markets. 

Tokenising the economy could take about ten years, and this would also result in the mass adoption of these new technologies. 

The stage was then taken by David Orban, of Singularity University, Lars Schlichting, of Poseidon Group, Zhao Dong, of RenrenBit, Simone Conti, of Eidoo, Giacomo Zucco, Paolo Ardoino, of Bitfinex, and Simon Dixon, of BnkToTheFuture.

Orban has described cryptocurrencies as a jolting technology, that is, one that does not evolve linearly but with great leaps forward, often revolutionary. 

This was also the case for the Internet, to the extent that when it began to spread there were not only those who believed that it would not be successful, but there were even

Marco Cavicchioli
Marco Cavicchioli

Class 1975, Marco teaches web-technologies and is an online writer specializing in cryptocurrencies. He founded ilBitcoin.news, and his YouTube channel has more than 11 thousand subscribers.

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