The event was a presentation of Mr. Antonopoulos
about the future of cryptocurrencies,
with a special focus on Bitcoin.
The event was hosted in Google Campus in Seoul.
"Andreas M. Antonopoulos is a best-selling author, speaker, educator,
and one of the world’s foremost bitcoin experts.
He is known for delivering electric talks that combine economics, psychology, technology,
and game theory with current events, personal anecdotes,
and historical precedent, effortlessly transliterating the complex issues
of blockchain technology out of the abstract and into the real world."
Eååven as we wanted to book our place almost 2 weeks in advance,
the event was fully booked - we were accepted from waiting list.
The event gathered mainly young people,
in great majority men interested in future of blockchain technology and cryptocurrencies.
It is visible that the topic catches lots of interests and,
even if currently we hear about them much less than in 2017/2018,
investing in or using cryptocurrencies are still very popular topics.
What media does not say
In the countries where the domestic currency is unstable,
users can benefit from using the more stable cryptocurrencies for transactions.
Besides usual transactions, paying with cryptocurrencies creates an opportunity
for illegal trades, as it is difficult to track who makes them.
In the light of the recent issues in Venezuela, it happened that Bitcoin was used,
for example, to get people out of the country.
Those instances are obviously not advertised or published
but we need to understand the possibilities and what kind of impact
such usage of Bitcoin and other cryptocurrencies may have.
Normal computer vs. Quantum Computer
Normal computer can produce normal cryptography code but cannot break it.
Quantum-computer can break normal cryptography code and produce quantum cryptography code but cannot break it.
One of the reasons why governments allow the usage of cryptocurrencies
is because they still have some control over it -
- transactions are hard, but not impossible to be traced
and the public record is accessible at any time by anyone.
If the transactions of the main cryptocurrencies would become totally anonymous,
governments would lose their control over transactions
which would likely lead to tougher regulations
and finally slow down the wider adoption of cryptocurrencies.