“I BELIEVE IN THE BITCOIN FREEDOM AND IN THE INTERMEDIARIES’ DISRUPTION.”
In this fourth interview of InsideBlockchain series, Paolo Barrai, blogger and economist at Mercato Libero (free market) and Blockchain Invest co-founder, talks about Blockchain and Bitcoin technological innovation from an economic point of view.
The collapse of the financial and economic system of 2008, following the bankruptcy of Lehman Brothers Holdings Inc. and the lack of response from the banking system, could be two events closely related to bitcoin creation. In fact, Barrai said: “It is no coincidence that, in my opinion, the bitcoin blockchain was created in 2009, a year after the collapse of Lehman and a systemic problem.”
In addition, it claims that this innovation also comes in response to a system malfunctioning, which is based on intermediaries. Specifically, the current economic model is based on two main intermediaries, the banking system, on the one hand, and governments, on the other; as well as on many others such as Uber, Booking, etc., ie all those ‘actors’ that generate their own income on the basis of the work of third parties.
According to Barrai, the Blockchain is a major technological innovation that will allow the economy to grow and give a future to young people, as it can ensure the redistribution of “income of giants and multinationals” and then creating a new middle class in within a couple of generations.
As a co-founder of a cryptocurrencies trading compan, he sees a big potential in them, although they are still considered risky by many investors; and, through Blockchain Invest, he is committed in informing and educating all stakeholders on the nature of cryptos and on their value. He believes in the freedom of bitcoin and blockchain, which will bring all the workers to be the protagonists of future economic developments.
To understand more about blockchain and bitcoin from an economic point of view and understand the vision and all projects of Blockchain Invest, watch the full interview, filmed during the 38th Milan Bitcoin Meetup, a monthly meeting organized by Blockchainlab.