The Blockchain and Us: Interview Guido Rudolfi, Cryptocash

Transcript

we have like a kind of of an anarchistic movement here which all sudden becomes part of society and has a lot of advantages compared to the current system my name is Kiera dollfie I'm a bit kind miner and working on several Bitcoin projects and but my main profession is in computer forensics we still have a generation of people in the industry in the government in the designing bodies who don't have a clue let's say internally for example when Chancellor

Merkel is talking about a new land of the internet after internet is established all over the world that's ridiculous and that's but that that's the mindset of those people for them everything that is not analog everything that's digital is totally new so as long as those people still make the decisions riah busted the political system is always a little bit slower always compare it with a kid who wants to have a playground and then the politicians start to discuss about it and once this kid is getting into

retirement they probably start to build the playground so that that's a situation where changes like this it always takes a long time because the industries involve politicians are involved society is involved you don't know how quickly they will react at the moment I think so it's when it's very well positioned they just have to move very very quickly because other countries also have seen what potential is in the blockchain technology and in the Bitcoin technology they also want their share banks are not known for having new ideas they're known for buying ideas but if it Bitcoin it may be soon too late and

we're in the similar situation like the record industry a couple of years ago when mp3 format was released they didn't adapt the idea and develop new ideas out of it they said okay let's fight those guys they lost a fight who are the biggest competitors today in the music industry not the big companies from like fifteen years ago but tech companies and the same will happen with the banks the banks will be crushed if they don't wake up the idea is out and if it's not being realized here and maybe realized there or even in the internet uncontrollable so bitcoin is here VidCon is here to

stay and it'll become bigger and bigger as the blockchain of course as cryptocurrencies as the possibilities which are connected to the block training cryptocurrencies that's out of the box and the whole system does not need any government it exists it works it's like a computer network surrounding the world and you can say okay we don't want to be part of it so be it it's here and it won't go away we see Bitcoin today as a currency and that's fine that's what it was thought for however you have so many

possibilities what you can do with it you can make land records if you can basically store every contract every word in the blockchain you have a lot of possibilities you have side chains you can make simple programs and our whole living is basically nothing more than making decisions yes or no that's a digital world in an analog world and we can put a huge part of this analog world into the real digital world we have a whole lot of possibilities everything will change it's like in my

opinion the possibilities are endless and it reminds me a little bit of the situation as if we all the sudden have two huge inventions or three inventions in one moment which changed the world it's like electricity mobile phones and the internet invented at the same time you have all the possibilities in one invention it's it's just great it's flora casting I'm pretty positive that things will change to the good because there were governments that tried that in the past and it can't just become

bigger and bigger so they saw they don't have a chance in the future I'm absolutely sure that comments will realize they cannot live against Bitcoin they have to live with Bitcoin [Music]