“BITCOIN CAN BE LOOKED AT AS INTERNET OF VALUE: A TECHNOLOGY FREELY ACCESSIBLE.”
In this fifth video interview of Inside Blockchain series, Marco Amadori, CEO of InBitcoin and collaborator at Blockchainlab, talks about bitcoin as ”Internet of value freely accessible “; he says that just as the Internet has disintermediated the market and communication, bitcoin disrupts the financial and economic industries. He defines blockchain, the technology behind Bitcoin, as a bank register that, instead of being owned by a bank, is spread and shared on hundreds of thousands of computers, properly like a sort of “library Alessandra that can not be burned.” The bitcoins are on a database that no one, without shared consensus, can change and which contains a history of all transactions. In this way, no political or economic power can alter its operation.
The Inbitcoin CEO defines this cryptocurrency as “the fourth incarnation of the coin technology“. From barter, which involves the exchange of value through physical goods, to the abstraction of digital currency, through the precious metals and paper money created by banks. The Bitcoin is a currency “based on work, not inflationable as required by political decisions, and above all programmable.”
One of his revolutionary aspects is that it is no longer based on a rare commodity, a rare metal or political strength of a country, it is based on something incorruptible, like mathematics, physics, or game theory.
To understand more about blockchain and bitcoin as technology of disintermediation and to understand the work he is carrying out in InBitcoin to facilitate access to this technology and make it available to everyone, watch the full interview below filmed during the 38th Milan Bitcoin Meetup , a monthly meeting organized by Blockchainlab.
Watch also his last presentation during the Venice Bitcoin Meetup organized by Interlogica, where Guido Pascotto and he talked about the experience of Rovereto.