Saturday, December 4

Bitcoin makes it possible from self-managed taxis to lower violence: Diego Gutiérrez

Bitcoin is not limited to being a store of value, but is the basis for creating protocols capable of “replicating the structure of today’s society, but in a programmed way and running in decentralized and transparent networks.” This was expressed by Diego Gutiérrez Zaldívar, CEO of IOVLabs, and founder of RSK, during his participation in the bitcoiner LaBitConf 2021 event, held in El Salvador.

Gutiérrez explained that the development of Bitcoin is comparable to that shown by the “Internet of information”, which started from the communication between two computers, then email, websites and finally social networks. Bitcoin would be “the base layer of the” Internet of value “, on which layers such as economic coordination, such as RSK or Ethereum, are growing.

As part of your conference, entitled: “Can Bitcoin be the platform of the future on which economies are mounted?”, defined Bitcoin technology as “an open system of transfer and storage of value in which any human being on the planet can participate.” However, Gutiérrez maintains that Bitcoin can be both a currency, a payment system, a store of value better than gold, and a distributed network where you can participate without permission..

The speaker believes that interesting developments are already emerging around Bitcoin. “We are beginning to see emerging patterns” said the founder of RSK, who said that today there are protocols that make it possible “to create objects that have their own life and their own economic management.”

As an example, he suggested that an autonomous vehicle, such as those that already exist, could be acquired by a community organized into a DAO (Decentralized Autonomous Organization) and converted into a taxi. This taxi can have a portfolio associated with it to receive payments for service and the self-management of operating expenses and the distribution of profits can be programmed through a smart contract, “This is already possible. The only thing missing is trust, ”he said, referring to potential customers of a service with these characteristics.

Gutiérrez affirms that, in the same way, community monetary issuance systems could be created, with currencies belonging to a community, sector or union. “With these technologies (communities) can begin to regain control of money.”

Diego Gutiérrez highlighted the benefits of technologies such as smart contracts, which allow “creating objects that have their own life and their own economic management.” Source: YouTube

Bitcoin reduce la violencia

Other advantages that the speaker considers essential in technologies such as Bitcoin, is the possibility of establishing bonds of trust and providing transparency in the agreements. These values ​​generate social scalability and remove much of the violence that exists in society.

“We can establish relationships of trust, agreements, and social contracts that allow us to demonstrate our adherence to certain principles, certain values, on a scale that has never been possible before. We can have social contracts and agreements between thousands of people ”.

Diego Gutiérrez, CEO of IOVLabs

Finally, he developed the theme of creation of “reputational identities”, that is, a traceable record of an individual’s economic trajectory and social contributions, among other data that allow them to access better markets, or negotiate with people who do not know them. Diego Gutiérrez believes that this may be the “key” so that half of the population that has been excluded from the financial system, can access them. “This combined with the adoption of smartphones gives us the opportunity to create an inclusive and open financial system for everyone on our planet,” he concluded.

Leave a Reply

Your email address will not be published. Required fields are marked *