Breaking News
0

Bitcoin is Freedom of Money; Private Keys are the Future, says Bobby Lee at NEXT BLOCK

Cryptocurrency NewsMay 18, 2018 05:01AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
Bitcoin is Freedom of Money; Private Keys are the Future, says Bobby Lee at NEXT BLOCK

NEXT BLOCK conference, in Ukraine, kicked off today with a keynote speech by BTCFoundation board member and BTCC co-founder, Bobby Lee, who spoke about asset ownership, the future of money and how that’s changing with mathematics, cryptography and Bitcoin.

Giving the example of property, which is owned via ‘identity’, and daily items, which are owned by ‘possession’, Bobby highlighted the fact that people do not typically control their assets. The same is the case with money, which is ultimately under control by banks and governments.

However, with Bitcoin, the main notion is freedom of money and control over your finances and assets. Anyone who controls his or her own private keys, is already in the future, said Bobby.

“You are the lucky people [those with their own private keys] in this whole room, who actually have control of your money...your assets.”

Bobby went on to give examples of governmental control over finances, such as the Bank of Cyprus example, where, in order to balance deficits, the government decided to take money from ‘rich’ account holders, having more than EUR 100,000.

Ultimately, Bobby believes Bitcoin and digital currencies are the future, and even though today they are a novelty, they will be commonplace years from now, and the next generations will be well versed with setting up their own digital currency accounts and controlling their private keys.

However, the BTCC-founder thinks that governmental regulations will only get stricter, but Bitcoin is unregulatable, and will not succumb to such measures.

Bobby also shared his usual, four Bitcoin investment mistakes, which are:

  • Indecisiveness to Make Investment
  • Not Buying Enough
  • Selling After Just a Small Gain
  • Selling During a Panic Crash

You can learn more about NEXT BLOCK at their official website, or view the live stream here.


This article appeared first on Cryptovest
Bitcoin is Freedom of Money; Private Keys are the Future, says Bobby Lee at NEXT BLOCK
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email