Famous bitcoin enthusiast and author of a book on the subject in Brazil, Fernando Ulrich vented to the community of digital currency fans. According to him, when Satoshi Nakamoto created bitcoin, he created a currency.
Thus, bitcoin is expected to be a clear competitor to fiat currencies, and Ulrich himself believes that many will lose ground in the future with the advancement of decentralized technology.
However, a few more “orthodox” maximalists believe that bitcoin has emerged as an asset class, which would serve to end even the financial market. Fernando says he is open to things other than bitcoin and recalls a strong belief in the future of the currency, although he talks about it less.
Fernando Ulrich talks about his vision to create Satoshi Nakamoto with bitcoin
The debate surprised the Brazilian bitcoin community, which believes that bitcoin is a panacea in the financial world.
Fernando Ulrich, author of the book “Bitcoin: Currency in the Digital Age”, already differs from this view, believing that the aim is to remove only fiat currencies from the equation.
That’s because when Satoshi Nakamoto created bitcoin, he had no intention of doing away with stocks, real estate, fixed income, or any other financial asset. With this, the enthusiast asked the community to keep calm as they see things beyond the original purpose and can commit exaggerations.
It just corrects removing the word money as it is to end fiat currency, yes.
Point. https://t.co/VH6x3T2Ipr
— Fernando Ulrich (@fernandoulrich) March 31, 2023
Asked if he still believes in bitcoin as an international currency, Fernando confessed have no doubts about the potential of technology, which he has already explained several times in lectures and other events. And it is precisely on this point that he believes that bitcoin can be used in the future, as a currency and means of payment.
“Of course I believe! I’ve written it, I’ve tweeted it, I’ve said it in lectures, videos, interviews. Several times. Since almost 10 years ago. WHAT IF btc becomes the benchmark, currencies, fixed income disappear? Company shares? The real estate? That’s where I say people got lost.
“I talk less about it, but I haven’t changed my view of bitcoin,” says the Austrian economist
Amidst the discussion about using bitcoin as a currency in the world, one user pointed out that Fernando Ulrich has moved away from bitcoin. This is because the Austrian economist published less on the subject than in his past.
In a response, he acknowledges that he has published less, but that he has not left or changed his view of bitcoin, which remains intact. He recalled that while his work was aimed at “opening up the truth about the monetary system,” the responses inevitably lead to bitcoin.
I certainly speak a lot less these days. Not because I’ve moved or changed my mind, but because I want to cover a much wider range of topics
And to expose the truth about the current monetary system is inviting the viewer to also ask questions, the answers of which could lead to BTC
— Fernando Ulrich (@fernandoulrich) March 31, 2023
After the publications, some netizens rebelled with him, who finally remembered that the community should unite in favor of the development of the currency and not purge others with a different opinion.
Source: Live Coins
Barry Siefert is an accomplished journalist and author at The Nation View. He is known for his expertise in the field of cryptocurrency, and has written extensively on the topic. With a background in finance and economics, Barry has a deep understanding of the underlying technology and market forces that drive the crypto industry.
