 Buenas tardes de nuevo. Bienvenidos de vuelta. Ya vamos entrando en la recta final de nuestro evento. Esperemos que hayan disfrutado muy buen almuerzo porque bueno, lo que se viene está muy bueno también. Bueno, creo que no hace falta mayor presentación, pero para las personas que no conozcan un poco el profile de nuestro invitado él es británico de nacimiento y criado en Atenas, es educador, autor y orador de éxito aclamado por la crítica y uno de los expertos en blockchain abiertos y de Bitcoin más importantes del mundo. En el 2014 fue autor del novedoso libro Master in Bitcoin, Beth Seller y considerado como la mejor guía técnica jamás escrita sobre esta tecnología. Su segundo libro de Internet of Money de 2016 explica los posibles impactos de la tecnología en la civilización humana. El tan esperado segundo volumen de Internet of Money se lanzó a finales del 2017 y vendió miles de copias en el primer mes. Su cuarto libro Master in Ethereum sigue rápidamente esta tendencia y se publicará este otoño. Señores con ustedes, Andrea Santonopoulos. Primero, me dices gracias a todos por estar aquí hoy y por esta fantástica turn-out. Y también gracias a Jorge Farias y a Crypto Buyer por organizar este evento y por invitarme. Ha sido un gran placer por estar aquí y una oportunidad fantástica. El último año publicé el Internet of Money en español. Internet del dinero. Jorge fue muy contento de vendernos algunos copias aquí. Dime en advance que si quieres que me enseñes tu libro estaré contento de hacer eso. Asi que estamos listos con esto, estaré esticando hasta el 4 p.m. Y estaré contento de reunir y hablar con muchos de ustedes como posible en ese momento. Bueno, ¿por qué publicé un libro en español? La mayor concentración de los últimos dos años ha sido internacionalizar este mensaje. La verdad es que mucha información en el espacio, como bitcoin, cryptocurrencies, blockchains, en general, es en inglés. Y eso representa una gran barriera para la adopción y la entendería de todo el mundo. La lengua es una de las más grandes dificultades para la adopción de esta tecnología. La literatura técnica, el acceso a smartphones, el acceso a la Internet. Mucha de esas cosas están disponibles para muchos de los que no tienen bancos. Pero hablar fluido en inglés, o poder entender los conceptos técnicos en inglés, es muy difícil. Para mí, una de las más importantes cosas en mi viaje ha sido para tratar de asegurar que, como mucho el contenido y el trabajo que hago como posible, es disponible en tantas líneas como posible. Y he tenido la gran fortuna de tener a muchos suportadores para volunteerar su tiempo para traducir mi trabajo en diferentes líneas. Así que, las buenas noticias. De los 300 videos que he hecho por más de 75 de ellos, el número más grande que ninguna otra lengua tiene subtítulos en español. Todo el trabajo de los suportadores. Todos mis libros están disponibles en español. Y eso continuará con mi siguiente libro, y, más importante, estos libros también están disponibles como contento de open source, lo que significa que la gente puede download esta información en español, para freírla, compartirla, maquinarla, usarla para construir cursos, usarla para construir tutoriales, usarla para construir trabajos. La educación es el número 1 esfuerzo en nuestro espacio hoy. En order for us to really see this as a technology that has within it the potential to bring freedom and opportunity and choice to billions of people around the world. In order to focus on the technology and not the price. The education and not the speculation. The investment in skills and not in assets. The use of this cryptocurrency technology as a way to earn your income not by the crypto. We have to make it accessible to as many people as possible and that starts with language. Which is why I'm sorry I can't do this in Spanish, I would love to. But I'm trying to learn as fast as possible. Some of us in this space are far more skilled than others. I watch with great humility as Vitalik Witeran decides to learn Mandarin. And in 18 months delivers a presentation in fluent Mandarin on Chinese TV. Well, not all of us can be Vitalik. I'm here today because I believe that Panama is one of the most important locations for the development of cryptocurrency throughout Central and South America. Both because of the multicultural and multinational element. Because it is a geographic crossroads. But also because it is a country that has traditionally and historically been at the forefront of financial services. And it offers access to many people to financial services a region who don't have access. South America is one of the places where Bitcoin and cryptocurrencies and blockchain technology is actually needed. Don't need it in Los Angeles. You don't need it in Chicago. You don't need it in New York. You can use your visa card. Most people have a bank account. In fact, the people who don't have a bank account in the United States are mostly Spanish-speaking immigrants who don't have the documentation to have a bank account. They need it. And people in South America need cryptocurrencies because of the historical level of corruption, economic difficulty and currency crisis which have happened again and again and again throughout the region. Which of course are the result of colonialism. Centuries of colonialism. And today Western democracies they're cool. They're liberal. So they can't do colonialism the way they used to do it. At the end of a bayonet. Not for the most part. So colonialism now is more subtle. It's wrapped in a nice little package. We just call it competitive commerce. Globalization. Opening of borders. Globalization as it is understood and practiced is nothing more than good old fashioned colonialism. Only now it's not delivered with force. It's delivered with financial embargo. It's delivered with financial controls. It's delivered with coercion. That implies that if you don't play along with the games you get cut off from the US dollar. You get cut off from the SWIFT network. You get cut off from access to international banking. You get cut off from the IMF. You get cut off from access to international commerce. Globalization is not something you and I readily participate in. It is something that multinational companies and powerful countries can use to set themselves outside the law. To arbitrage jurisdictions to shop around for the most convenient corruptible lowest taxation environment where they can deliver financial colonialism wrapped as globalization. Globalization has a negative connotation among most people because to the average person all it's delivered is lawless corporations exploitation and tariffs. Ironically. What cryptocurrencies do is they change the nature of globalization from something that is inherently centralized and available only to the most powerful the most disinterested and distanced corporations to you directly as individuals not all of us for the time being just the few who are fortunate enough to have the education the access the capital to participate but every day more and more people can use cryptocurrencies to achieve a decentralized form of globalization one that allows individuals to shop around for jurisdictions to arbitrage between currencies to pick the law that serves their interests and until now the only way individuals could take advantage of globalization would be to physically move and in order for someone to leave their country to take their family across borders to go to another country where they are not welcomed where they are treated a second class where they are discriminated against the only reason someone would do that is desperation survival globalization is refugees but what if you could leave your system without leaving your country what if you could become an international participant in commerce without leaving your country what if you could become a multinational corporation of one person I know that sounds ridiculous but part of the reason why governments are opposed in many cases is because of the power it gives to individuals to behave like multinational corporations when governments say but if everyone has access to cryptocurrencies they won't pay taxes you should ask well what about all of the multinationals that didn't pay taxes you didn't seem to be that concerned about those until now now that everyone can do it now it's a problem but if individuals can move their money there won't be subject to our controls rich people and multinational corporations can already do that you weren't in the Panama Papers but other people were you may have noticed there weren't that many Americans in the Panama Papers that's because the world's greatest tax haven is the United States that's because Americans don't need to go to Panama to get offshore capabilities and go to Nevada as long as they're rich enough and can afford the lawyers and the accountants and set themselves up with corporations to take advantage of globalization right at home cryptocurrencies are scary to many governments because what they do is they empower the individual to have the same capabilities and this is one of the interesting effects of technology it is the ability to acquire superpowers through the application of technology we don't appreciate the historical impact of technology in those terms but as I'm speaking right now a number of people in the audience are filming me with smartphones the idea of an individual carrying a television studio with international broadcast capabilities in their pocket 50 years ago would be a superpower you'd make a superhero movie around that capability the idea to pull out a device and make a video call with star trek 50 years ago and the ability of an individual to wire money across the globe in seconds and convert between technologies as if they're some kind of New York stockbroker from their village in Guatemala using a solar panel and a $20 android phone make no mistake that is a superpower and the person in the village who has that superpower is a superhero and they can fight for justice and Spider-Man on behalf of the people around them as Jorge said earlier there are places in the world where people don't have access to clean water but they have a smartphone or at least a cell phone and as the prices of smartphones decline gradually that capability comes into the hands of more and more people we are on the cusp of something very important we hold a communications device at the same time cryptocurrencies have turned money into a communications protocol which makes every communications device a banking system not a bank account a bank when you have a smartphone with cryptocurrencies in your pocket you don't have a Swiss bank account in your pocket as Obama famously said you are a Swiss banker and that superpower can change the world for a lot of people and who objects to that mostly those who are already bankers they don't see the need for this technology who needs bitcoin says the person who has no courage accounts a Swiss bank account access to precious metals no currency controls the world's most stable currency at their fingertips not you sir clearly not you and if you say nobody needs cryptocurrency that's because you have never seen beyond your little bubble when I first started traveling and talking about this technology around the world one of the things that struck me was that in western developed countries I had to spend a lot of time explaining why cryptocurrencies are necessary first time I went to Argentina not a single person asked me why they asked me how how do we do this now why why is obvious we are in our fifth currency crisis and 30 years ago our own government was throwing people out of airplanes because they had a different political opinion the why is obvious the how is important that gap that geographical gap is critical to understanding the impact of cryptocurrencies around the world when people say we don't need cryptocurrencies the question you should ask is who is we who is the we that doesn't need access to the financial system the we that already has it 2.5 billion people have no access to financial services that's based on how the world bank counts just the heads of household of working age who have no access to any form of banking that massively underestimates their families their children it massively underestimates the number of people who have de minimis access to financial services the ability to have an expensive massively controlled bank account in one currency only that requires them everyday to jump over hurdles of corruption and bribery and coercion to trade in a currency that's being inflated to shit by their own government that's not the banked that's the underbanked and if you start counting it that way you realize that the number of people who really have access to financial services the way I have access to financial services the way the privileged few in western countries have access to financial services is maybe a billion and a half people and that leaves the other 6 billion who don't and so in the early days of bitcoin people said let's bank the unbanked and now we're beginning to learn that we can aspire to an even loftier goal which is let's debank all of us we don't need to bank the unbanked we need to remove the necessity for intermediaries for custodians for controllers of our commerce for controlling our financial future and our ability to manage that financial future to get rid of the anachronistic nationalistic feudalistic systems of money that have persisted for centuries together with the geography gap there is a generational gap if you talk to people over a certain age and you say hey magical internet money that exists on the web and you email it to people and it's controlled by an algorithm they seem terrified by this idea how does it have value who controls it but what will happen to the world if no one controls it they understand or think they understand how their national money works generally speaking most people don't if they did that probably be a revolution for many people this technology is too strange the idea that no one controls it that you can have rules without rulers that systems can be simultaneously anarchic meaning without leaders entirely predictable and rules based that you can have a system of currency where I can tell you what the interest rate will be 30 years from now to 3 decimals of precision but I can't tell you what the interest rate will be for the US dollar next Friday because that's going to be decided by 12 people I didn't vote for that has plenty of rulers but seemingly no rules and we're suggesting replacing that with something that has no rulers but very very very strict rules mathematical controls people say cryptocurrency isn't regulated cryptocurrency is regulated it's regulated to 10 decimal points by algorithms it's regulated by predictable mathematics it's regulated every 10 minutes by a process of consensus in the case of bitcoin it is utterly predictable and deterministic yes, weird things are happening forks and debates and things like that and in all of that did the block settlement time change still 10 minutes did we issue more than 21 million coins nope did the people in charge change there weren't any people in charge for all of the screaming and shouting 9 years later every 10 minutes like a heartbeat a block comes out predictably and this is now happening across thousands of cryptocurrencies there has never been a financial network that remains operational 24 hours a day 7 days a week 365 days a year with no interruption for 9 years this has never happened before there has never been a financial system that allows everyone in the world access through a simple personal device the ability to do international commerce on the scale of a multinational bank for an individual there has never been a technology like this and so when people say I'm scared I don't know what's gonna happen next I don't understand this all that tells you generally speaking is their age I'm scared too I'm getting older and harder for me to absorb change I find myself struggling to keep up I read incessantly just to keep up with people who are younger than me who have more elastic brains and are easier to change but the real gap the real generational gap is this every child born today will never live in a world where cryptocurrencies didn't exist will never live in a world before the internet will never live in a world before bitcoin will never live in a world before individual freedom and so this person who grows up with a system like that doesn't know that it's not always been like that doesn't know that it could be any other way and if you tell a young person money is an internet protocol which you can transmit freely anywhere in the world they look at you strangely they go well of course it is what do you mean in my days money was printed on cotton and linseed fabric with green ink and we kept it in our pockets and we had to physically meet the other person and hand them a piece of fabric and it had no value but the government that had a complete monopoly in issuing it and could issue as much as it wanted told us that it had value and then one day we just got pieces of plastic that allowed us to do the same transaction only now it was even more controlled and under totalitarian surveillance at all times you're crazy grandpa there's no way that's how money worked that makes no sense I can just imagine now 20 years from now a young student of economics at university has given a paper and they have to write about the history of central banking and they're struggling they can't understand why any people would allow the entire nation's finances to be decided by a group of 12 people who are unelected and meet every Friday in person and then announce to the rest of the economy what the interest rate will be it's mind blowing it's almost like looking back and seeing people with wigs riding horses around and taking a week to get from one side of the country to the other if they don't die of cholera on the way there so imagine that 10 year old who is not allowed to have access to a bank account until they're 16 years old who cannot buy anything online with a credit card until they're 16 years old who has to bank their mom or their dad to give them access to the iTunes card or the Amazon account or as one little ingenious kid I watched did who waited until mommy was sleeping and used her thumbprint to buy all of his Christmas presents on Amazon on her phone and at that point if you're the parent you can't decide if you should be furious or really impressed for the sheer ingenuity but imagine that 10 year old using cryptocurrencies trading those cryptocurrencies with their friends and they're doing that now and if you're a parent and you have kids that age you don't even know they're doing it they're doing it and if you tell them not to then they'll double do it they're going to grow up in this environment they're going to have access to personal private money what they know about that they trade with their friends that they use to buy things for themselves they will establish financial autonomy by the time they're 10 or 12 once they figure out how to use this technology which they'll do about 20 times faster than you and then they may be explaining it to you if you're good and then imagine the scenario where they walk into a bank at 16 years old and they sit down with a banker and a banker tells them you can access your account by 9-5 pm for the privilege of us holding control over your money we will charge you $5 a month if you don't maintain sufficient balance on which we will give you an interest rate of 0.01% you will not be able to exchange it for any other currency you will only be able to buy things for merchants we approve of and less as a currency embargo or some moralistic crusade against your favorite thing but don't dare spend a dollar that you don't have in there because then the interest rate is 25% and at random times we will shut down your accounts and block your transactions because one of your transactions had the word bitcoin in it and we're terrified old people who don't understand what the fuck that is and that kid will walk out of that bank and go why would I ever do that everything they do I can do faster I can do more securely I can do for less cost with absolute control but that's not how it's going to play out it's not going to happen that way and the simple reason is that there won't be a bank for that kid to walk into because the fundamental function of storing your assets for you will not exist in a couple of decades it cannot exist because it is unnecessary because it is expensive most importantly because it is oppressive to those who can have it and it is denied from the vast majority of the people on this planet and they will simply make the choice to do without will there be people who have bank accounts absolutely does anyone in this audience own a horse have you ever ridden a horse a couple of people fantastic it's not your primary means of transportation it's a hobby maybe maybe it is your primary means of transportation right if daddy buys you a pony you're a princess 100 years ago if daddy bought you a pony you were supposed to ride that to the farm and work the bottom line is that these technologies won't eradicate banking they'll simply make it the obscure weird hobby of a few carmauginally diehards who like to still do things the old way every now and then I walk into a supermarket and I'm waiting patiently to do my shopping and someone in the front of the line pulls out a checkbook and 20 people in the line go that person will never use a credit card and neither will your children because it will be just as ridiculous as obsolete as taking a steam engine riding a horse driving your own car using cash or a credit card or more importantly using a bank the greatest illusion that humanity is under is the lack of change we spend most of our lives assuming that everything that has happened to us now is how it always was and being shocked when we learn that in the past people did weird things that we don't understand and that's the first half of our lives if we're lucky to live long enough then we go into the far more traumatic time when we try to desperately hold on to things not changing while the world around us goes insane Socrates wrote that the youth of his age had lost all sense of morality and propriety of common sense because all they wanted to do is go to the theater this most vulgar of arts instead of study philosophy as their parents did and the generation after him probably found something else to rail against when I was young certain movies were considered vulgar now the cinema is an art form even television is becoming an obsolete art form and the youth of our day are wasting their energy and common sense on video games and cryptocurrencies and other things we can't understand the world just changed it changed radically and anybody who tells you that this thing can be stopped or delayed or banned doesn't understand human nature when you have a technology that delivers so much power to individuals there is nothing that can stop them from exercising that power Satoshi Nakamoto is a modern day Prometheus who stole fire from the gods and gave it to man unlike Prometheus it was smart enough to disappear because the gods were really pissed off at Prometheus and they tied him to a rock and tortured him for eternity which is pretty much what would have happened to Satoshi Nakamoto too the smartest thing Satoshi did was disappear and the second smartest thing was invent bitcoin and now that it's happened we have this incredible power this is a superpower make no mistake every individual that learns how to use this technology can become a superhero a financial superhero for their entire community and no matter how much the gods are pissed off they can't take it back thank you