RATE Group | Baltic Honey Badger Bitcoin Conference Closes with Heavyweight Panel | Crowdfund Insider
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Baltic Honey Badger Bitcoin Conference Closes with Heavyweight Panel | Crowdfund Insider

23 Sep Baltic Honey Badger Bitcoin Conference Closes with Heavyweight Panel | Crowdfund Insider

Posted at 18:54h in Bitcoin News by

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The Baltic Honey Badger Conference of 2018, held this year in Riga, Latvia, wrapped up today with a panel featuring Adam Back, the CEO of Blockstream, Giacomo Zucco, CEO at BHB Network; Tone Vays, a former Wall Street risk analyst and Bitcoin advocate; and Eric Lombrozo, CEO at Ciphrex Corp.

The panel was moderated by Matthew Mežinskis, host of the CryptoVoices podcast, who began by asserting that central banks, with the assistance of government, have established a monopoly over money supplies.

“What is Bitcoin going to do about the monopoly in money?” he asked.

Giacomo Zucco, whose company is helping enterprises incorporate Bitcoin, said that Bitcoin is now functioning mainly as store of value by permitting people to save in conditions where government-issued money gradually devalues.

According to Zucco, Bitcoin will proliferate worldwide mainly for this property, though it is also used as a medium of exchange, “in markets with no alternative.”

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