Well-known software engineer Jameson Lopp believes that crypto-currencies give power back to people – who have the confidence of banks and financial institutions to be responsible for their money, investments and transactions for too long.

Just look at the headlines of the media because the Bitcoin price continues to skyrocket after a month-long bull race.

Banks hit Bitcoin and other cryptocurrencies as they fight to maintain the status quo. Countries like China have gone so far as to ban the use of cryptocurrencies.

But as the current price of Bitcoin suggests, more and more people are placing their faith and their money in cryptocurrency as a superior transactional technology.

Bitcoin turns his head on his head

Addressing Max Keizer, host of RT's Keizer Report, Lopp believes that the successful development of Bitcoin has overturned conventional thinking about the bank and money:

"At least on the monetary side, we said that we're going to turn everything upside down, and instead of trusting some entities, we're going to follow everything same, validate our rules and trust no one. "

" We will create protocols and use the technology developed generation "to automate our communication and trust them with each other. "

Since its inception in 2009, Bitcoin has slowly slipped its way into the general consciousness and has grown in importance in the second half of 2017 So much so that institutional investors are making the queues to embark on the action, with their entry point the launch of the future Bitcoin on the CBOE and the CME.

It was not always like this, as self-proclaimed cypherpunk Lopp reminds us that the development of crypto-currencies has followed an incredible course of trial and error over the past 30 years. last years

"The origin of the cypherpunk goes back to the 1980s. A group of nerds who saw the promise of the internet and these new communication technologies but they also saw the dark side. "

These cyber-revolutionaries predicted the future threat of the surveillance agencies. private communication, which resulted in encrypted peer-to-peer communication technology and possibly Blockchain. Lopp continues:

"They wanted to incorporate technologies improving the protection of privacy on the Internet, in addition to Internet protocols, and it turns out that digital money was the only way to make money. One of those interesting things that cypherpunks thought was important for the company to have: A number of cypherpunks have been working on it for decades and it was only in 2009 that Satoshi came up with a elegant solution. "

" There were many, many failed attempts and solutions before Bitcoin. "

Fast forward eight years and Bitcoin remains the father of cryptocurrencies – but he undoubtedly enters unexplored waters with the introduction of future and other Wall Street trading practices.

Lopp does not like the idea that the future will bring down Bitcoin – say that whoever tries to do it will not go very far:

] "There are people who think that Bitcoin is going to be short in the ground, I think the most likely result is that bypassing Bitcoin is a terrible idea and anyone trying to do it is struggling hard enough .

Road ahead

It's going to be another interesting month for crypto-currencies in general, because everyone is waiting to see how Bitcoin will react to the introduction future ones.

Lopp, on the other hand, has his eyes on a different horizon. The very fact that the value of Bitcoin is referenced with the help of fiat currencies shows that there is still some way to go before becoming a heavyweight in the world economy

Lopp says that the end goal is that Bitcoin is a unit of measure for other currencies.