Bitskwelas bull or bear debate stage

Bitskwela hosted its third leg of debate events, but this time, in the surfing destination of the north, La Union. The Bull or Bear debate happened last March 17 at Baybayin Hub, San Juan, La Union. Bull or Bear: Philippine Web3 Debate featured speakers from previous sessions in Manila and Davao and more familiar faces like Blockchain Space’s Jen Bilango, NFT Pilinas’ Patty Tiu, and Gcash’s Mark Nunez. Chezka Gonzales of Women of Substance, Luis Buenaventura of YGG Pilipinas, and Renz Chong of Breeder DAO joined the roster of participants. Bernadette Misa of Playdex moderated the event.

The cryptocurrency education platform organized the event in partnership with Gcash, YGG Pilipinas, and ICP Manila. The event was a relaxed night of sharing, education, and discussions around blockchain and Web3.

Crypto market perspectives

Louis Buenaventura giving his keynote address at Bitskwelas Bull or Bear Debate
Louis Buenaventura giving his keynote address

Speakers were given two minutes to take their stand on various issues such as decentralization, fractionalization of art, and stablecoins. Speakers were given a few minutes to answer and discuss their ideas about the questions presented by the moderator. Most of the expectations were discussions on how blockchain technology can be adapted into societal life and how education can be a crucial factor in delivering the message of blockchain adoption in the country. Critical issues tackled were:

  1. Is decentralization a good enough value-add for people to a cryptocurrency?
  2. Would people agree to the fractionalization of art?
  3. Should stablecoins be more regulated by governing bodies?
  4. Are payments currently the most important sector that should be focused on when using blockchain technology?

Several keynote speakers also discussed blockchain initiatives, gaming, and Web3. Internet Computer’s Nelson Lumbres discussed how 2023 is a critical year and the best time to leverage the blockchain. D.Buzz’s Nathan Senn shared his company’s vision, and Darlene Torres of Bitskwela focused on education status in the Philippines and the government’s capability of incorporating blockchain education into the curriculum.

Decentralization, fractionalization of art, and stablecoins

Bull or Bear speakers at Bitskwela stage
Speakers share their thoughts on blockchain issues

Gcash’s Mark Nunez discussed how decentralization is essential in preventing payment problems. On the other hand, Chezka Gonzales of Women of Substance highlighted that decentralization is not the only thing that can help the masses be on board regarding the mass adoption of cryptocurrency. Luis Buenaventura pointed out that centralization is the only way for everyone to adopt cryptocurrency due to the problem of converting fiat and the use of the black market.

Speakers then shared different opinions on the fractionalization of art, or the mass ownership of art pieces which was only possible with people of a higher societal status, and the regulation of stablecoins. Jen Bilango talked about gamefi being the winner regarding blockchain adoption, while Patty Tiu shared her thoughts on the massive use cases of blockchain for the community.

Bitskwela’s CEO Jiro Reyes gave his final message at the end of the discussions and announced that the next Bull or Bear event would happen in Cebu. For our Earn and Use readers, we will give you updates on when and where the next event will occur.

@earnandusecrypto Earn and Use goes to #LaUnion! Panoorin ang nakakaexcite na event highlights last #BullorBearPH na naganap sa Surfing Capital of the North. #blockchain #blockchaineducation #Elyu #bullorbearelyu ♬ Live Your Beautiful Life – Gray Griggs