Finding Purpose: The Future Roles of Cryptocurrency | Tufts Gordon Institute

Tufts Gordon Institute hosted the second control panel in its keynote argue series featuring insights from cryptocurrency experts. With a reported market value above $ 3 trillion, cryptocurrencies like Bitcoin, Ethereum, and Monero have influenced the fiscal landscape. Will crypto permanently change the face of that landscape or will it blow away with the wind instrument ?
George Blount, Founder of nBalance Financial

George Blount, Founder of nBalance Financial

At Tufts Gordon Institute ’ s most recent Keynote Debate, diligence leaders — including experienced FinTech experts and early adopters of crypto committed to educating others about the blockchain — came together to debate the future of cryptocurrencies and whether the future would have one at all .
George Blount, fiscal therapist and Founder of nBalance Financial, praised the benefits of the blockchain engineering behind cryptocurrency, but remained unconvinced that crypto could be a game record changer when it comes to common issues of money like fiscal literacy. “ When compared with other investments … I would have to ask : ‘ What is indeed attractive about cryptocurrency ? How does it help you achieve your goals ? ’ ” he posed.

On the other hand, Tomer Strolight, Editor-in-Chief at Swan Bitcoin, argued that Bitcoin specifically was “ engineered ” to serve the purposes of money, meaning it is built to be authentic, barely, send-able, and many other traits necessary for money .
In the heat of the panelists ’ argument over the future of cryptocurrency, “ purpose ” was a loom theme, determining whether cryptocurrencies could be considered marvels of engineer or ambiguous investment opportunities .
Patrick Murck, President & CLO at Transparent Financial Systems

Patrick Murck, President & CLO at Transparent Financial Systems

Patrick Murck, President and CLO at Transparent Financial Systems, described his own experiences learning about cryptocurrency as a matter of discovering its purpose. Sinking his tooth into Satoshi Nakamoto ’ sulfur, the cryptic personage who developed Bitcoin, whitepaper, Murck realized crypto “ international relations and security network ’ metric ton about payments … it ’ s about property. It ’ mho about the relationship between people, property, and might. ”
For Murck, cryptocurrencies like Bitcoin are an initiation that revolutionize the way users own digital artifacts. rather of a centralize source of power distributing permissions to use or access a digital asset, he argues that Bitcoin allows individual users to be true owners, making that asset a patch of property .
That stopping point raises the question of whether all cryptocurrencies contribution the lapp utility and function. Is Dogecoin a effect for individual fiscal office or something else ?

Dr. Alexandra Andhov, Associate Professor in Corporate Law and Law and Technology at the University of Copenhagen, suggests the adoption of cryptocurrency will play out on a individual footing as we gauge the utility and purpose behind each currentness. “ design out what kind of premises, what kind of ideas are behind it, and if you accept those and if you understand those, then possibly it is something you want to invest in, ” she argued .
Dr. Alexandra Andhov, Associate Professor in Corporate Law and Law and Technology

Dr. Alexandra Andhov, Associate Professor in Corporate Law and Law and Technology

Whether panelists viewed cryptocurrency as a pass fad or a game record changer, they seemed to all agree on the importance of individuals understanding the value of a particular crypto asset before investing resources into it. For the panel, “ understanding value ” means more than tracking prices on a graph. The measure of a currentness is tied to its aim and what that aim means to each individual .
Is cryptocurrency strictly a type of investing ? Is it a intend of securing digital possession ? Is it a pathway to participating in a fiscal organization of decentralized office ? More sol than price fluctuations, these may be the indicators of value worth studying as we ask ourselves whether we should embrace cryptocurrency. For more from our expert panelists, watch the full consider below .

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