This session of the conference took place on Day two of the Bitcoin 2021 Conference in Miami on June 4-5. Experience the # Bitcoin2021 party from anywhere in the world by joining our conversation at Telegramand make sure Sign up for our newsletter to stay on top of the latest Bitcoin news and all the happenings in Bitcoin 2021.
In this conference session, Jack Mallers, Ghazi, Money Man, Sean Culkin, and Russell Okung sat down to talk about something that Mallers has pioneered; paying people in bitcoin.
Innovation around this sector of the Bitcoin industry has accelerated and will be the source of a major shift in the global economy in the future.
“I think this is going to turn into a revolution,” Mallers said of the impact of bitcoin-denominated paychecks.
Ghazi agreed, saying: “Ultimately, I think the peer-to-peer nature and the speed with which you can get money to someone was the most important thing, and that’s why I’m spending a lot of time and energy on it.” . With advancements in lightning technology enabling instant value transfer, the value of such technology quickly became apparent, as the panel noted.
Culkin also agreed, saying “It changed for me when I started to see myself as a corporation. I need to do what all the other corporations are doing, in this economic environment and that is to see cash no longer as an asset but as a liability. ”
Okung further described the strategy behind this, “So I literally took dollars and moved them to the best asset ever. And as it went off, people were insanely excited, but this is what struck me the most: my wealth was changing. And I didn’t get another head shot for that to happen. That’s a damn Bitcoin, right?
The benefits of this were not limited to athletes; “Well, it’s definitely attractive as an artist because you can get paid in real time. It has the technology to pay you in real time. As you transmit records, you can be paid at that time instead of waiting a month, two months to 3 months or 6 months, ”Money Man said about the ability of artists to receive payments in bitcoins.
The panel made it clear that people who had been using this technology were deeply impressed with the benefits they were getting.
Enjoy the # Bitcoin2021 party from anywhere in the world by joining our conversation at Telegram. Also, be sure to Sign up for our newsletter to stay on top of the latest Bitcoin news and all the happenings in Bitcoin 2021.