Varsavsky tweeted that neither Bitcoin nor Ethereum will change the world and only make many people rich. The former vice president of the Central Bank, Lucas Llach, supported him in opposition to the comments from other businesspeople.
Many opinions about Bitcoin recently appeared on Twitter after Argentine technology entrepreneur Martín Varsavsky, who resides in Spain, criticized the cryptocurrency. Other businesspeople, as well as politicians and enthusiasts of the ecosystem, reacted to his post.
Martín Varsavsky wrote that many people have become rich with cryptocurrencies, but he believes they will not change the world. He said that the impact of the iPhone phone, launched 13 years ago together with Bitcoin, is much higher.
A cryptocurrency enthusiast told the Argentine businessman that he disagreed with his comment. He explained that a deep analysis of Bitcoin would allow seeing it introduce decentralization, which will return monetary sovereignty to citizens.
In that sense, another user expressed that he thought cryptocurrencies would soon establish money that no government can manipulate. Similarly, another person asked Martín what measure he was using to determine whether something would change the world or not.
Enthusiasts Argue Money Decentralization Will Change the World
Another enthusiast replied that money beyond the reach of governments would change the world, to which Martín Varsavsky replied affirmatively. However, he clarified he does not believe in Bitcoin or Ethereum, which he considers less relevant than other technologies.
Martín Varsavsky has founded and directed seven technology and telecommunications companies from Spain. They include FON, a global WiFi network, and Jazztel, a mobile phone, Internet, and television server.
On Twitter, he provided details on the technologies that he considers will change the world. For example, he mentioned renewable energy, mRNA vaccines and therapies, machine learning, autonomous driving, space exploration, genetic sequencing, and quantum computing.
Another tweeter replied that he had just returned from El Salvador, where many people made almost all transactions in Bitcoin. He said he saw the future there and recommends visiting it, as accessing a global financial system is the most crucial thing.
The Vice President of the Central Bank of Argentina Responds
Lucas Llach is a member of the Unión Cívica Radical and former vice president of the Central Bank of Argentina from 2015 to 2018. He supported the businessman on Twitter, saying that some consider all money schemes and contracts out of the reach of the State revolutionary. He believes that this would make it lose its control capacity, with which he disagrees.
The current tax currently imposed by President Alberto Fernández on cryptocurrencies is an example of that. However, the director of the Argentine Chamber of FinTech stated that Argentines would find a way to avoid paying it.
Many countries want to regulate the use and trade of Bitcoin, but that is hard since it is not a system issued by governments. That protocol works in a decentralized way through people and companies from all over the world.
By Alexander Salazar
