while here has already heard of
the cryptocurrency bitcoin kiev which
have bitcoins and well if
only you had invested 1000 euros
in bitcoin six years ago you would be
today millionaire
but do not worry there is still
full of cryptocurrency that could
make you millionaire
the evidence just a few months ago
a contractor raised more than 30
millions of dollars
in thirty seconds with the sale of a
new currency crypt and dozens
projects have since lifted several
hundreds of millions of dollars in
the space of a few days or even
of a few hours for some these
projects that often fall under
of a preliminary idea or a
prototype in the best of cases
finance with the sale of
new crypto currency currency
used to finance
projects that are just as virtual but
so what drives people to
invest all these millions in its
projects and well speculation everything
simply
ie the willingness to buy
something in the hope of being able to
resell it more expensive thereafter
it may seem to me crazy and
yet that’s what happens every
days in the world of finance
this desire to get rich by investing
in projects whose value becomes
then completely disconnected from
the real economy
it is a dynamic that we observe
for hundreds of years
remember in the seventeenth century with the
tulip crisis in the Netherlands the crisis
from 1929 to the United States or the
crisis of 2008
these crises all have
dynamics that repeats itself so
cyclic
it starts with a phase of
growth and accumulation followed by
a period of speculation
and then finally a collapse and
each of those crises you have take
awareness of the fragility of our
economic system and disability
of our financial institutions
to deal with these crises and then in
2008 something changed
faced with a collapse of our
world economy a system
alternative was born a system founded
on virtual currencies that are not
controlled neither by a state nor by a
central bank
but only by a protocol
data processing
welcome to the world decrypts
money but to fully understand this
new world
we must first understand the
functioning of the currency the
first currencies were
resources such as salt stones
valuable metals or cocoa that
had value in itself and then
to facilitate exchange the currency
turns into a financial instrument
whose value is determined by
trusted authorities such as
banks or states that in
guarantee value over time
except that since the banks are
allowed to lend more money
they do not own they do the
possibility of creating money
even if theoretically mans
temporary by offering loans to
discovered and this is one of the factors
leading to the crisis
of 2008 that did not make us
bad faith in our institutions
financial and it’s precisely
this loss of confidence that motivated
the creation of beats grubb a currency
virtual that can be exchanged
between peers without going through any
bank is no other institution
created by an individual who
hides under the pseudonym of satoshi
nakamoto bitcoin is a system of
decentralized payment which is
vocation to replace the role of
financial institutions so this is a
virtual currency or cryptocurrency
whose value does not depend on any
trusted operators for his
operation
it relies on a new
technology the blogger who eliminates
completely the notion of trust and
which replaces it with a system based
on the proof so that’s what we
calls in systems tros place since
as long as you trust the
underlying technology
you do not need to trust
bitcoin person then presents himself
as a disruptive technology that
would lead to a true mutation of
the economic and social order of our
society
an innovation that would allow us
maybe out of those cycles
recurring accumulation and crisis
and to lead us towards a society
more open and intermediaries
but are these promises
really realized for now no
really and the reason is that by its
very nature
bitcoin to recreate the same logic
marketplace also attracting the same
actors and reproducing the same
dynamics of accumulation and
speculations that we find in the
world of traditional finance is
so again the story gets
repeats growth and accumulation
speculation and then one day the crisis
but we are not there yet
Bitcoin is now in full phase
expansion with a value of over
7000 euros
it’s three times more of its value
six months the same for was nothing a
other crypto currency whose value is
spent from 20 euros to more than 200 euros
in the space of a few months and
new apps all appear
the days on the chain blocks each
with his associated monet crypt because if
so far only banks
could create money
now with the block chain each
can create its own crypto currency
opportunities are endless and yet
so far most of his
currency crypts are only used in
speculative purposes
people only buy them because they
hope to sell them later
on the market at a higher price
it does not remind you of the crisis of
2008
of course except this time the
dynamics are even more exacerbated
people are now using
crypto currencies such as bitcoin or and
land to invest in new
crypto currency that increases the
demand and therefore the value of bitcoins d
and r which allows people to
reinvest that money in new
crypto currency whose value is still
pretty weak and that makes then
increase the demand and value of these
new crypt currency so what will
still generate a new city of
speculation and so again
The story repeats itself
and I repeat it again
growth speculation accumulation and
then one day the crisis but beware it
do not give up
we are currently in a phase
of hype with crypto currency whose
value is completely disconnected
of the real economy but it does not take
not to forget or ignore the true
potential of this technology
the china blocks is an innovation
radical who offers us new
opportunities
and if this technology is today
used primarily for the purpose of
speculation the blue jays allows us
also to create new models
economic with more systems
open and collaborative and decentralized
and for that it is important that
people like us
as you are interested this news
technology and explores the real
potential
you have to start now to
do not miss the train but especially we
must accompany this innovation with
a new state of mind a revolution
cultural diversity in our way of life and
thought that can transform this
innovation in progress and that’s how
that we can then get out of these
recurrent cycles of accumulation and
crisis and then headed towards a
new society a society driven
about sharing values and
collaboration thank you
[Applause]
”
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