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Outstanding cryptocurrency innovators and policymakers discuss the future of the digital economy at the global summit on Bitcoin and beyond.

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Key points:

This year’s Bitcoin and Beyond Summit brought together more than 20 celebrities from the cryptocurrency space to discuss the most important topics related to the future of the blockchain industry. The hosted.Virtual Summit brings together crypto innovators, visionaries, politicians and prominent investors.

The annual Bitcoin and Beyond Summit took place on November 10th. More influential voices from the cryptocurrency community participated in a virtual event to discuss more pressing topics in the blockchain space. Notable speakers include Don Tapscott, Chairman of Blockchain Labs, Sam Bankman-Fried Founder and CEO of FTX, and Raoul Pal CEO and Co-Founder of Real Vision.

More than 20 celebrities have come together to solve a series of most pressing issues in the cryptocurrency space.

This massive event is co-hosted by cryptocurrency exchange AAX and digital media platform Forkast.News. During the half-day summit, guests shared opinions on a series of different topics. They discussed the importance of activism in relation to Bitcoin extremism and diversity, how digital assets can play an important role in restoring privacy, and how the regulatory environment can shape the digital economy of the future.

Stills from the “Minimalism and Diversity” virtual group. Image source: AAX

In a discussion about the benefits of maximization and diversification, Raoul Pal of Real Vision pointed out that the whole concept of cryptocurrency projects competing against each other is not conducive to the advancement of the industry and has no logical meaning.

“It’s like watching the Olympic dashers compete with the javelin throw. There are some lunatics along the way. Bitcoin is well suited for the job. If our goal here is to change human outcomes, then the stupidest thing to do is fight each other. Because what you do is disrupt everyone, analyze everyone, and marginalize the mission everyone is trying to achieve. It doesn’t make sense.”

Talking about the importance of advocacy and activism in this field, FTX’s Sam Bankman-Fried replied that he was not willing to compromise between Pal’s futile and diverse projects. The FTX representative explained, “The goal should be to cooperate with each other, not to engage in a disgusting argument about which side is right.” “It’s just the secret of destruction,” adds Bankman-Fried.

Towards the end of the event, Caroline Malcolm, Senior Advisor for Blockchain and Taxes at the OECD, spoke about the impact of regulatory decisions on the fast-growing blockchain industry. Malcolm said policymakers will turn their attention to the Decentralized Finance (DeFi) sector over the next few years and use the newly created legal framework to address money laundering and tax avoidance issues.

Ben Caselin, head of research and strategy at AAX and co-host of the event, closed the summit with a deep insight into the role of Bitcoin.

“Rather than treating Bitcoin as a good medicine for all ailments in society, it is better to treat it as a tool and common ground that can promote unified action against a set of social ailments. Today’s summit brings together diverse voices from across the industry, from politicians and policymakers to entrepreneurs and macro investors, it’s good to take a step back and reflect on what’s really happening, rather than just guessing prices. It’s best especially when you’re in the middle of a bull market, the real meaning of all this.”

You can see the full activity stream on AAX exchange’s Youtube channel.

Information source: 0x information compiled by COINCODEX. The copyright belongs to the author, and unauthorized reproduction is prohibited.

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