This Friday (12th) the Bundesrat TV station launched a public forum with experts about cryptocurrencies.
The TV Senado live program was hosted by Antonia Márcia Vale and Sara Reis, with Transfero director Safiri Felix as well.
Bitcoin enthusiasts recalled in the description that this technology originated on the Internet and gave people tremendous power to produce and consume in a simple and inexpensive way in a networked environment.
TV expert Senate said that cryptocurrencies enable a fair exchange of value over the Internet.
Thus, cryptocurrencies bring the possibility of exchange value into the environment, and before that, this possibility did not exist in a decentralized way and there were no intermediaries.
“Cryptocurrency is a new layer of the internet used to digitally exchange value.”
Experts recalled that pre-cryptocurrency e-commerce purchases depended on trusting third parties to reproduce real-world scenes in a digital environment. Safiri recalled that in this way, the buyer of the product must trust that the payment service will work to complete the transaction for the seller.
With cryptocurrencies, they happen in a decentralized way, and using the Internet, these transactions can be verified and trusted in an effective and transparent way.
Some netizens have asked experts about how the system works about the cryptocurrency stabilization. In his answer, Safiri recalled that Bitcoin uses cryptocurrency for trading.
The expert also noted that the US dollar is not backed by gold as many people think, and the real thing has issued many new coins because of people’s trust.
Felix recalled that there were many companies in the market that promised fixed market returns.
Bitcoin is different from digital real.
Safiri Felix explained that Bitcoin is not a digital real-like currency being studied by the Brazilian central bank. According to him, BCB’s currency will be a digital currency, but it is fully centralized and the rules of the currency are guided by the Brazilian authorities.
However, Bitcoin is similar to a foreign currency and there is no central issuing authority behind a decentralized currency.
Safiri recalled that he understood that Bitcoin was not an investment because he was not interested in buying this currency with market volatility that could provide gains and losses.
When asked if Bitcoin can now be used for commercial transactions, the analyst said that it is sufficient for both buyers and sellers to use digital wallets to adjust terms and conduct transactions.
The TV Senate conducts polls on social networks with the population.
In a survey conducted by TV Senado on social networks, where people were asked if they knew how cryptocurrencies work, 65% of people said they did not know the system.
Another question is whether people have already invested in cryptocurrencies. 78% of respondents said no, indicating that this is still a new topic in Brazil.
When asked whether they trust cryptocurrencies in the survey, 74% of respondents said they do not trust them.
It’s worth remembering that the Federal Senate is dealing with several bills to regulate Brazil’s cryptocurrencies. In October, the senator introduced another bill to counter the emergence of the cryptocurrency financial pyramid, which will be evaluated by Congress.
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