Topic: Are we about to redefine money again with Bitcoin? (Read 588 times)
that's what i am looking for. Bitcoin will be used as official money and we have to redefine money again
I tried to articulate why cryptocurrencies would be the future and redefine money again. The article talks about how and why money took the shape we have today, and how and why cryptocurrencies can also take that shape.
Please provide feedback if you have 10minutes. Clap and share if you find it interesting.
https://medium.com/@anvay.rane/are-we-about-to-redefine-money-again-4bed5344ebaa
Please provide feedback if you have 10minutes. Clap and share if you find it interesting.
https://medium.com/@anvay.rane/are-we-about-to-redefine-money-again-4bed5344ebaa
I don't think you can describe Bitcoin with symbols like
Cowrie shells that have intrinsic properties in your article. But all that can make sense, because barter is the beginning of the transaction.
I like the article that you created, the contents of which describe very valuable, then can conclude that Bitcoin will be the main tool as a transaction that will be used by the world.
Did you imply, "cowrie shells that do not have intrinsic properties ." I made an analogy between Cowrie Shells and Bitcoin when it comes to a medium of exchange. The lack of intrinsic properties for both Bitcoin and Cowrie shell disallow their usage in transactions until agreed upon by a community.
I tried to articulate why cryptocurrencies would be the future and redefine money again. The article talks about how and why money took the shape we have today, and how and why cryptocurrencies can also take that shape.
Please provide feedback if you have 10minutes. Clap and share if you find it interesting.
https://medium.com/@anvay.rane/are-we-about-to-redefine-money-again-4bed5344ebaa
Please provide feedback if you have 10minutes. Clap and share if you find it interesting.
https://medium.com/@anvay.rane/are-we-about-to-redefine-money-again-4bed5344ebaa
I don't think you can describe Bitcoin with symbols like
Cowrie shells that have intrinsic properties in your article. But all that can make sense, because barter is the beginning of the transaction.
I like the article that you created, the contents of which describe very valuable, then can conclude that Bitcoin will be the main tool as a transaction that will be used by the world.
Bitcoin is a new form of money that is revolutionary. It can even change how some people perceive money. It has started and offered new ecosystems with its creation like decentralized exchanges, electronic wallets, a currency that also functions as an investment, store of value, etc so it is enough reason to believe that it really does redefine money.
Basically the things presented by crypto are something new, something that is able to advance the financial system, it is what makes bitcoin as a conversation a lot of people. At the moment, people who like it continue to grow, especially later when the platform has in advance. What do you mean about the redefine money again with bitcoin? What do you need to have in order to have bitcoin? Money. Right? Why do we need to redefine?
Yes. In order to have Bitcoin, you need money. Such a statement stands true for all forms of money. To gather fiat, you needed gold or assets to collateral for loans.
We have seen money evolve over years from cowrie shells to fiat. I mentioned redefining in that context, whether Bitcoin unlocked an unexplored dimension of money.
I tried to articulate why cryptocurrencies would be the future and redefine money again. The article talks about how and why money took the shape we have today, and how and why cryptocurrencies can also take that shape.
Please provide feedback if you have 10minutes. Clap and share if you find it interesting.
https://medium.com/@anvay.rane/are-we-about-to-redefine-money-again-4bed5344ebaa
Bitcoin when introduced in 2009, was completely unknown and was considered as an alien technology but those who believed bitcoin that time are now bitcoin billionaires and their success stories are the proof of their success so now a days bitcoin is very huge and potentiating crypto currency and no doubt it is most superior of all the crypto currencies and even considered as a threat to available Fiat currencies and obviously it has bought revolution in the economic world and has presented itself a new way of investment and the most beneficial investment so no doubt bitcoin is about to redefine money again. Please provide feedback if you have 10minutes. Clap and share if you find it interesting.
https://medium.com/@anvay.rane/are-we-about-to-redefine-money-again-4bed5344ebaa
This was a very good article indeed, I liked this phrase, "Community agreed digital barter” 
I watched an episode of "Decoded" on Netflix yesterday and they were asking questions about the Gold that was supposed to be stored in Fort Knox and most of the people that worked there or knew people that worked there, are of the opinion that Fort Know has no Gold at all. One of the previous Senators even said that if the citizens of America knew about this, then there would be a financial collapse and riots in the streets.
That day will come, and then Bitcoin will be used as a alternative to the Dollar and all the other Fiat currencies that will collapse as a ripple affect of the Dollars collapse.
This conspiracy theory is quite slick, if the Russian agent read this, the doomsday of American financial will happen shortly lol I watched an episode of "Decoded" on Netflix yesterday and they were asking questions about the Gold that was supposed to be stored in Fort Knox and most of the people that worked there or knew people that worked there, are of the opinion that Fort Know has no Gold at all. One of the previous Senators even said that if the citizens of America knew about this, then there would be a financial collapse and riots in the streets.
That day will come, and then Bitcoin will be used as a alternative to the Dollar and all the other Fiat currencies that will collapse as a ripple affect of the Dollars collapse.
In my opinion the power of FIAT is still very strong, if the dollar tumbles, still there are Japanese yen or euro or even pound sterling will fight over the noble throne.
What do you mean about the redefine money again with bitcoin? What do you need to have in order to have bitcoin? Money. Right? Why do we need to redefine?
Bitcoin is a new form of money that is revolutionary. It can even change how some people perceive money. It has started and offered new ecosystems with its creation like decentralized exchanges, electronic wallets, a currency that also functions as an investment, store of value, etc so it is enough reason to believe that it really does redefine money.
Yes, We are!
“In many countries in Africa, there are far more cellphones than bank accounts,” said Manuel Valente, co-founder of La Maison. “For bitcoin, all you need is a phone.”
This is not only Africa, But whole world will enjoy it.
“In many countries in Africa, there are far more cellphones than bank accounts,” said Manuel Valente, co-founder of La Maison. “For bitcoin, all you need is a phone.”
This is not only Africa, But whole world will enjoy it.
The technology behind bitcoin, the blockchain, is one of the significant development that would revolutionize major processes in our system. The future of different processes in businesses, trading, marketing, and advertising can be changed totally for good with blockchain. But, will bitcoin can replace money? As of now, no because of its volatility and it is not yet mainstream.
Its not redefining...The price of bitcoin is also unstable if compared to Indian rupees and the price of dollar is also slightly unstable compared to Indian rupees....As like other currency it is also a currency...But its digital currency but not digital money...Digital money are those which are stored in paytm or freecharge etc sites...But its a digital currency...Its just an evolution of technology..
Actually the money you deposited is a token whose has same price as the price of FIAT, it’s more suitable called as digital money rather than digital currency because it’s only a token. Different case with Bitcoin which has its own platform. Good article, with bitcoin the money will be redefined because it is not an simple technology but it is revolution, it changes everything related to money.
Cryptocurrency is the future of money usage from physical to virtual
Its not only the redefining of money but reshaping also,this will bring the currency to maximum using since the accessibility now are available anytime since the cryptocurrency enters the system
It is just a matter of time, cryptocurrency will take over as the world's currency. The awareness is building up day by day. Money as a whole has gone through various transformation and fiat currencies will one day extinct. The process of eliminating the fiat currencies has begun.
The end will come to fiat currencies earlier than we even think, judging by the rate at which cryptocurrency is evolving. It is normal for fiat currency to be replaced having dominated for several years. The fiat currencies we see today are also a replacement for a certain type of money spent in the past.
Until cryptocurrencies are volatile, they will not replace fiat completely. The aim is not to replace fiat but to open a new market of new currencies.
The end will come to fiat currencies earlier than we even think, judging by the rate at which cryptocurrency is evolving. It is normal for fiat currency to be replaced having dominated for several years. The fiat currencies we see today are also a replacement for a certain type of money spent in the past.
I tried to articulate why cryptocurrencies would be the future and redefine money again. The article talks about how and why money took the shape we have today, and how and why cryptocurrencies can also take that shape.
Please provide feedback if you have 10minutes. Clap and share if you find it interesting.
https://medium.com/@anvay.rane/are-we-about-to-redefine-money-again-4bed5344ebaa
It is encouraging after all, but Bitcoin is still in a deep need of the corrections and regulations that will allow and empower it to become something more likely as money! It is not that easy. Please provide feedback if you have 10minutes. Clap and share if you find it interesting.
https://medium.com/@anvay.rane/are-we-about-to-redefine-money-again-4bed5344ebaa
Good article, with bitcoin the money will be redefined because it is not an simple technology but it is revolution, it changes everything related to money.
Not just on money, but also on the economic, technological, and most importantly our mindset system. Bitcoin may never be able to replace FIAT but at least Bitcoin able to be the platform of online transaction for international use.I believe Bitcoin should become the "money for the internet". Bitcoin as gold, may not work.
I really appreciate your efforts of building awareness about money and cryptocurrencies. It is my own experience that when we try to explain Bitcoin to someone who has absolutely no idea about it, we have to start explaining from the money itself and it is very surprising to see that we never understood how money really works. Probably that's the reason why centralisation became successful so far. However, with the evolution of decentralized currencies, things will start to change and we will see transformation literally in every sector out there in the coming decades. As a user, it is our responsibility to build awareness about it on our individual level. Aavadlela aahe!
Thanks for the kind words. Decentralization would allow us to function, in ways like never before.
Nothing is parminent in life and nothing is impossible, the so called fiat currency came as a result of technological advancement and so the arrival of Bitcoin as such money will have no choice than to allow it self to be redefined by the current technological advancement.
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