Era of Bitcoin: Is The Era Of Flat Currency Coming To An End? - panel at Main Stage
A panel on Bitcoin took place at th IDCEE main stage, where speakers shared their knowledge and experiences with cryptocurrencies.
‘Only industrial mining can be profitable. Where there is low maintenance cost and electricity’ - said Jeffrey Smith, Chief Information Officer at CEX.IO 'Bitcoin has the potential to replace Fiat currency however at the current point it will only complete it as a good means of transportation of finance' - he continued.
Moe Levin, the director of European Business Development at Bitpay mentioned that cryptocurrencies provide the users with financial privacy, whether it's a service or product, for example medicine, you can buy it anonymously without your data being collected.
All the particants of the panel agreed that one of the main advantage of Bitcoin is the fact that it's been constantly developed - any idea can be implemented. In addition, speakers encourage everybody to use bitcoin for easy money transmitting.