Bitcoin: The Missing Puzzle Piece for the Internet

Bitcoin: The Missing Puzzle Piece for the Internet

During the Talent Land España 2024 event, Ángel Pardo presented an innovative perspective on technological evolution and Bitcoin’s impact on the digital ecosystem. Pardo, who has witnessed the three major phases of the Web (Web 1.0, Web 2.0, and Web 3.0), highlighted how each stage faced skepticism before revolutionizing how we interact and share information.

Pardo explained that each phase of the Web brought significant transformation. Web 1.0 allowed for reading content, Web 2.0 introduced interaction and information sharing, and Web 3.0 is revolutionizing with the ability to monetize and conduct decentralized financial transactions.

“Bitcoin is the missing puzzle piece for the Internet,” Pardo asserted. While the Internet allowed for sending emails and sharing photos, it wasn’t until the advent of Bitcoin that we could securely send digital money without intermediaries.

According to Pardo, Bitcoin represents a revolution comparable to what social networks meant in the 2010s. Just as the early days of social media faced doubts about the utility of sharing stories and photos online, Bitcoin and Web 3.0 are facing skepticism. However, Pardo is convinced that sooner or later, even older generations will take advantage of the opportunities offered by Web 3.0.

Innovations in the Payment System

One of the key points of the talk was explaining how blockchain and Bitcoin are transforming payment systems. Pardo highlighted that technologies like MetaMask have replaced decades-old bureaucratic processes with immediate, secure, and virtually cost-free transactions. This, according to him, is a revolutionary change that democratizes access to financial services.

Comparing Bitcoin adoption to that of the Web, Pardo noted that the adoption of Bitcoin and blockchain is happening at a faster pace than the Internet in its early days. Although the adoption of artificial intelligence is slower, Pardo believes this technology will also be transformative in the future.

One of the main advantages Pardo sees in blockchain technology is the democratization of financial opportunities. In the past, the best investment opportunities were reserved for the wealthy. With decentralized finance (DeFi), anyone, regardless of their wealth, can access these opportunities. The difference, Pardo explained, lies in knowledge and the ability to see beyond limiting beliefs.

Smart Contracts and Elimination of Intermediaries

He also mentioned that cand smart contracts have enabled the elimination of intermediaries in various transactions. Just as the Internet eliminated the need for travel agencies and record labels, DeFi allows individuals to conduct complex financial transactions without banks. This includes lending money and generating interest, functions traditionally reserved for financial institutions.

Pardo also talked about the benefits of decentralized exchanges. Thanks to blockchain, liquidity pools allow people to deposit their money for others to trade, generating fees and thus monthly returns that can range from 5% to 45%. According to Pardo, this can offer significant monthly returns, further democratizing access to financial services.

Ángel Pardo concluded his talk at Talent Land España with an optimistic message: blockchain technology and Bitcoin are not only here to stay but have the potential to radically transform our financial lives.

Just like previous stages of the Web, the adoption of Web 3.0 and cryptocurrencies will eventually integrate into our daily lives, offering unprecedented opportunities for all.