Sunday, December 5

Rodolfo Andragnes: “If you don’t have a long-term vision of bitcoin, you will most likely lose”


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“More and more companies are going to have holdings in bitcoin, like many states. This is due to the distributed and decentralized trust model,” Andragnes said.

Meanwhile, the specialist argued that “when talking about bitcoin, they talk about the main cryptocurrency ”. “It is the only one that exists that can give you the certainty of future scarcity. The rest cannot give that certainty, because they have a foundation or a leader who can tend to change decisions. In bitcoin, that doesn’t exist. That there is no someone cannot unilaterally modify its issuance, the prescribed conditions, gives another certainty that it is going to maintain its conditions in the long term, “he remarked.

In that sense, he defined bictoin “as one more financial asset.” “The difference is that when one really understands bitcoin, the weight that it has that there is a single asset in the world that is certain of scarcity. Hardly consider that there is another asset as valuable as bitcoin. When you realize that it’s probably the world’s scarcest asset, and it’s going to stay that way, you realize that it is possibly the best asset. And it is going to absorb the value of all the others. The more time passes, the more reliable it becomes for the investor. More and more companies are going to have holdings in bitcoin, as are many states. This is due to the distributed and decentralized trust model, ”Andragnes said.

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“If you do not have a long-term vision of bitcoin, you will most likely lose. Those who entered in 2013, started at $ 100 and today it is close to $ 60,000,” he remarked.

There is a model of emission quantity and the impossibility of manipulating that emission, which when compared to other assets, allows it to be scarce like no other asset. But if you don’t have a long-term view of bitcoin, you will most likely lose.. Those who entered in 2013, started at US $ 100 and today it is close to US $ 60,000 ”, he remarked.

Finally, an expert explained what the blockchain is about: “It is the database where the units that each one has are located. It is like the bank’s database, but in the bank an administrator can block your account, for example. In the blockchain that cannot be done, there is no way to modify that data. If I have a bitcoin, the only one who can modify it is me. I am the only person in the world who has the key. The blockchain provides a degree of certainty and trust that other database systems do not allow. The blockchain is a distributed database, which is not centralized. Eliminating the central element is eliminating a single point of risk. It is a network of hundreds of thousands of people who keep the databases reliable ”.



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