About Bitcoin And Blockchain: A Cultural Paradigm Shift

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About Bitcoin And Blockchain: A Cultural Paradigm Shift

Blockchain needs a native digital asset;
Unrealistic expectations arise from distributed ledger hype;
Decentralized transactional network are permissionless;
We are at a turning point in the history of money;
Do not slow down banking innovation with regulation;
A level playing field for incumbents and fintechs is needed;
Customer/investor protection should be the highest priority;
Banks: understand and ride innovation, do not fight it;
Cash digitization is urgent and crucial.

Presented at the Università della Calabria

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Ferdinando M. Ametrano

June 13, 2016
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