Bitcoin is Inevitable, say Israeli Politicians and Central Bankers

Giulio Prisco @giulioprisco
November 3, 2014 11:08 UTC

Writing about the recent Inside Bitcoins conference in Tel Aviv, Coinapult Director Gabriel Sukenik reports that the Israeli tech community has very clearly identified blockchain technology as a crucial tool for future development. Bitcoin was seen as a clear and obvious inevitability, by all parties including politicians and central bankers.

“There were speakers from Israeli Parliament as well as the Central Bank of Israel. I remember my jaw hitting the floor when I heard a Central Banker make reference to when Bitcoin becomes systematically valuable, just like the dollar or euro. Not if, but when.”

“If Central Bankers and Politicians in Israel are this forward-thinking, Bitcoin and blockchain-technologies may have found a terrific place to continue innovating and building the decentralized future.”

The Coming Bitcoin 2.0 Wave

At the conference, there was a heavy emphasis on Bitcoin 2.0 technology. Presentations from Colored Coins, Ethereum, Mastercoin, Lazooz, and others played a significant role in the tone of the conference.

The Inside Bitcoins Tel Aviv conference, co-organized with the Israeli Bitcoin Association, took place in Tel Aviv on October 19-20. Developers, entrepreneurs, investors, lawmakers, researchers and Bitcoin experts converged to tackle the hardest issues facing the cryptocurrency ecosystem. The agenda included a wide variety of topics such as cybersecurity, economics, regulation, mining, startups, academics and more. What are the latest technologies being deployed in the Bitcoin space? How can academic research extend Bitcoin’s functionality and help it scale? How is the global regulation and merchant adoption shaping up for 2014?

Note: Don’t try to visit the event page at this moment, because it was hacked. It redirects to a Facebook page, and we can’t rule out the possibility of malware.

What do you think of the Bitcoin-friendly attitude of the Israeli political and financial authorities? Comment below!

Images from Israeli Bitcoin Association and Shutterstock.

Giulio Prisco @giulioprisco

Writer specialized in futurism, science, technology business.