Blockchain and its increasingly deep relationship with money and the financial industry were at the forefront on the first day of the conference.
Read the full story below.
Edan Yago, the CEO of Epiphyte gave a rousing speech to Bitcoin enthusiasts in London for the Bitcoin Money Conference. Yago started off on a strong note, emphasizing that 95% of future transactions would be machine-machine, he made the case for preparing for that eventuality.
Since current financial institutions don’t take this inevitability into account, there is no interoperability between financial giants. The solution to all theses walled-off systems is public blockchains. Yago’s initial partnership of sorts with Visa uses a bitcoin payment channel, and creates magic in return; he demonstrated a $1 international transfer of money that cost merely two pence!
Yago and his ground-breaking transfer technology weren’t the only things to take stage, however. Brian Hoffman of OpenBazaar gave a speech sternly opposing the criminal use of OpenBazaar, and conceding that decentralized government is difficult and rarely managed well. Following him was Jeremy Garden, whose main talk consisted of Augur, and it’s providing for a decentralized solution.
He confirmed their legality, and their development of software. Perhaps the most well-known man to take the stage was Marco Streng, the CEO of Genesis Mining, who marveled at the leaps and bounds Bitcoin had made in such a short few years. He also provided a simple overview on Bitcoin mining and operations.
Though all gave interesting tidbits, the most entertaining part of the night was situated outside of the conference hall in the form of Christopher Zaniewski. Zaniewski, and employed a young man with some coding knowledge, held a “hire me” sign and appealed to prospective employers by boasting nearly double-digit bitcoins. With such a sundry of speakers and guests at the conference one can only wonder what the conference really meant to achieve.
It is clear that bitcoin and its effects on the financial and monetary markets will soon be felt globally. But the entire conference still begged the question; where is Bitcoin headed?