In this post we are going to tell you the last "reflections" of influential people about cryptocurrencies.
.- "CT: Imagine yourself in a governmental position. What would you do?
CX: What I would suggest is to keep trying, learning and experimenting. I think the government's biggest concern is that some naive people will invest a lot of their money in this speculative market and lose. So qualifying for the investor would always be a concern, from a government's point of view. Number two is how do I make the industry more self-disciplined? Self-discipline needs to be promoted and needs to be rewarded.
Interview by CoinTeleprah to Charles Xue, Chinese-American billionaire, due to his expertise as an investor.
.- "Our opinion is that, although we like the concept of blockchain, and we believe that it will become a useful tool for companies, for the financial industry, we believe that cryptocurrencies in their current format, which means that, in the current incarnation, they are in a bubble. Is there room for a digital currency, perhaps sponsored by one of the major central banks like the Federal Reserve? Yes. Could it be incredibly useful? Could you reduce transaction costs? Yes. But you are not "
-Sharmin Mossavar-Rahmani is CIO of the private wealth management group at Goldman Sachs.
.- "I tend to think of Bitcoin as an experiment. It is an interesting experiment, but it is not a permanent feature of our lives "
Robert Shiller, the Nobel Prize-winning economist, predicted on January 26 that Bitcoin would not be a "permanent feature" of the financial world. Speaking at the World Economic Forum in Davos, Shiller praised Bitcoin as a "really smart idea".
.- However, they also have their flaws, and I think many of these flaws arise from the fact that, although the ICOs are happening on a decentralized platform, the ICOs themselves are barely centralized; intrinsically implicate many people who rely on a single development team with potentially more than $ 200 million in funding.
Nor are there very good incentives for people to produce information to help people determine which projects are worth participating in. I think that, in the medium term, obtaining funds with ICO will be more difficult, regardless of whether the regulation is implemented or not.
Vitalik Buterin explains the defects in ICOs and scaling problems in Ethereum through public statements
.- "The question with cryptocurrencies is that there are financed projects that are probably garbage, there are projects that are financed where it is a company that has just added the word chain of blocks to its name and the price of its shares skyrocketed. But there are also projects to do incredible new things with this technology like Bitcoin, Ethereum and Zcash that I think will last "
Peter Van Valkenburg, director of Coin Center, explains that there is currently a race between Ripple, Etherum and Bitcoin about which cryptocurrency will remain permanently, with Bitcoin being the first-born, Ethereum the revolutionary and Ripple the challenging one.
.- "... referring to cryptocurrencies as a tool against establishment to" regain the power of central banks. " According to Bannon, centralized control and the constant deflation of fiat currencies is a form of slavery that keeps citizens spinning around the wheel.
The public was told that "central banks are in the business of debasing their currency," and suggested cryptocurrencies as a way to challenge them. Because banks can not control them, Bannon described cryptocurrencies as the heart of the anti-establishment movement, empowering citizens, companies and governments alike ... "
Steve Bannon, Trump's former economic assistant, at a conference in Switzerland raises the idea of cryptocurrencies as a method to take power away from central banks.
.- ..ou enter this world and they teach you that money is green, or it is this precious metal, and you begin to confuse what is familiar or what you use as what is real or as things should be. It is also a framework in which it has been embedded, recorded in your brain for say 65-70 years and maybe in some of these cases, for example, you are talking about 80 years ".
While speaking with CNBC at the MENA Summit of the Milken Institute in Abu Dhabi, Cameron and Tyler Winklevoss, better known as the Winklevoss twins, investigated the previous generation of the financial community that mainly criticizes cryptocurrencies, stating that they do not understand the future of money .Concluding that cryptocurrencies are the beginning of the end for currencies.
.- "I can almost certainly say that cryptocurrencies will reach a bad end."
Expert Warren Buffet comments in an interview on CNBC.
.Bitcoin mining, which is this accelerated and increased use of computers to really determine the value and inc.entivize the operation of the mechanism, is angry with the energy," Lagarde said in an interview with Bloomberg TV. "And we calculate that, in 2018, if it continues, the system will actually consume as much electricity as Argentina."
Christine Lagarde, director of the International Monetary Fund, comments, emphasizing how technology is lagging behind.
.- "It would be a lot on the part of Bitcoin, and neutral to skeptical of almost everything else at this point with some possible exceptions. There will be an online equivalent to gold, and the one you would bet would be the largest "
Peter Thiel raises the idea that Bitcoin could become the new "Gold", referring to these as the "Digital Gold".