Olney-Fraser: Bitcoin is a Movement

A very sophisticated alternative financial infrastructure has been developed collaboratively by people across the world, and no-one owns or controls it.

Darren Olney-Fraser is Chief Executive Officer of cryptocurrency Tigereum. He is proud to be part of the Bitcoin movement.

“Bitcoin is people-power pushing back against the established financial system, and it exhibits all the behaviours of a movement,” Olney-Fraser said.

The principles of the Bitcoin movement are decentralisation, distributed power, transparency, open source, and accountability to all users. It is a trust-based model which relies on people in a network co-operating openly and transparently with each other. These are the principles set out in the Whitepaper released by Satoshi Nakamoto which started the Bitcoin movement in 2008.

Mr Olney-Fraser says that the Bitcoin movement, kicked off by Satoshi Nakamoto, has achieved something quite remarkable:

“A very sophisticated alternative financial infrastructure has been developed collaboratively by people across the world, and no-one owns or controls it,” continued Olney-Fraser. “Markets and investors have realised that Bitcoin is a movement which is here to stay, and banks and governments cannot control it any longer.”

Bitcoin has unified people from every country, across political, cultural and demographic divides, who have worked together to achieve something which our largest, transnational companies are envious of and our governments fear.

Olney-Fraser says the increasing value of Bitcoin this year is occurring as people realise the enormity of this movement, and what it represents, in an historic sense, about how our financial systems is evolving beyond banks and government:

Governments will want to tax and regulate Bitcoin, and banks will lobby them to do so. However, this movement might well be bigger than governments can handle. The rules have changed. This is global. This is people power. Bitcoin is going to be hard to kill off.

About Tigereum

Tigereum brings together a team of developers who love to produce smooth customer interfaces for crypto. Tigereum incorporates the best of old banking, new crypto and social media. The company’s work helps bridge the gap between crypto and non-crypto…

Read the full article from the Source…

Leave a Reply

Your email address will not be published. Required fields are marked *