Dr. Mardini presented empirical evidence showing that Bitcoin behaves like commodities. He then investigated the intrinsic value of the cryptocurrency and focused on its ability to transfer money out of troubled currencies. Those advantages however, do not make Bitcoin a currency as long as we don’t see the emergence of depositary institutions issuing interest paying Bitcoin deposits and granting Bitcoin loans. These operations are currently unconceivable because of the absence of a contracts enforcement mechanism. After the conference, Dr.Mardini was invited to share his insights with a group of 500+ Bitcoin activists.

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