Topic: Bitcoin and Globalization - page 9. (Read 1300 times)

In my own opinion, cryptocurrency or bitcoins will not be globalized because not every people can afford to earn cryptocurrency or invest int the market since it was very expensive.

Bitcoin can surely called global. But, its more concentration is on technological things. it tries to develop its technology day by day.

There are countries where the Bitcoins is already banned thus I don't think that it would go that deep into globalization.
Besides we should understand that bitcoins cannot be used as a Currency it's really hard for..the government to keep a track of process regulations and then update the rates according to it. You know it's just like gold , you cannot go around buying things with gold , well you certainly can but the thing is if you do that the decision is entirely dependent on the person receiving it , he may say no or yes. The same thing is with Bitcoins it's totally a personal account if the receiver wants to receive the Bitcoins or not thus I think it's hard for it to be a global Curreny , really hard.

Globalization plan? Such plans, if they are being developed by the elite is not done for the kindness and happiness of man kind. And currency that's out of their control neither.

What you described is unrealistic because each individual human has their own wants, needs and agenda. For people to all "Really be civilized," would require for all humans to be like a piece of clay, easily brain washed, and for these caring elites to have found the right formula for these pieces of clay that they love oh so very much.

That's not realistic.

There is a real possibility for bitcoin to serve as a global reserve currency, or the de facto alternative to fiat for global online payments. In that regard, bitcoin definitely has a global reach, and it is already benefiting workers and traders who are working internationally, as payments are just so much simpler with bitcoin.

Bitcoin essentially provides a better medium of exchange for those who need to transact internationally. Unlike fiat, you don't have to worry about exchange rates. Bitcoin is the same everywhere - as long as you have an internet connection, you can use it. This is also the reason why people believe that bitcoin can help the unbanked, which is 100% true.

But countries are going to exist, still. Bitcoin won't magically turn the world into one state. But certainly, it's going to make commercial activities internationally a whole lot easier.

Bitcoin has a huge role to play in the world's globalisation. Considering the ease of sending payments and transaction across different countries, you can actually see that Bitcoin is bringing the entire world closer together.

Yes, Bitcoin definitely helps in achieving the goal of globalization. Globalization is an age old concept and all the countries are trying to implement it. But even after decades some countries have not been able to implement it, mainly due to government interference, lack of incentives for the businessmen, etc. in such a situation where Bitcoin allows to make cross-border transactions in a matter of few minutes, it will be of much help.

Unfortunately little tyrants will be everywhere, but since they stay insignificant, they aren't a problem for others at all. If each person is able to take care their own life without intromissions from others it's already a big achievement!

The dilemma on this situation is that if each one takes care their own life only, at some point a group can appear on this scenario, trying to control the way others are living, and in this case the majority living individually is weaker against the minority, but organized faction.

I believe that is somehow what happened with Globalism in the world. People were just living their lives normally and were taken unwarned by a group seeking for power (or by a group making the maintenance of the power)... In the end these tyrants make a mess: They can't justify their own decisions because they act corporately, just to fulfill their own interests: sometimes what is wrong is right, but in another day the wrong is wrong or the right is wrong...

And it finishes on your final phrase: "Bitcoin made the world a better place, marginally". It's true, because the real meaning of what these "leaders" say is exactly the opposite, what is considered "informal" by them may have much more legitimacy than what they consider as "formal" (Bitcoin's case).

I'm not sure if you ever heard about this conspiracy of "New World Order".

One world government, one currency, one religion.

I agree. Crypto was meant to free people from all struggles the legacy economy puts us through, but the same is happening right here and it's more in our face than most people realize.

We have to accept that as long as we are dealing with people, the underlying problem of everything won't ever be solved. The only way to get rid of people's tyranny is to get rid of humanity in its entirety. It's too extreme I guess.

In other words, we have to take care of ourselves instead of worrying about what the rest is doing. We have decentralized money to use, and we can even create our own money, which quite a powerful tool.

Bitcoin made the world a better place, marginally.

Bitcoin in fact is the bright sign of globalisation erasing the boarders between states and nations. It has appeared as the unique tool for money exchange not impacted by inflation, loss, theft, etc peculiar for traditional fiat. The realisation of global projects by means of speedy money exchange will leverage the global cooperation throughout the world deeply.

globalization and bitcoin is very different from each other but bitcoin is electronic currency and technology is creating effect on the globalization in that parception we can say it both has effected each other, but bitcoin never cause globalization ,hopefully it process will keep slowing down.

Regulation will occupy, it's not an utopia, it's a reality. And Bitcoin doesn't require you to abandon other currencies, has already the already  future come coin.

Yes, I also believe Bitcoin may open up the way to the long and always talked about globalization. Bitcoin might just be that engine that will take the whole world to the needed globalization. The time may be closer than everyone may imagine. With bitcoin's globalization, the world may become smaller in terms of accessibility to everyone.

Bitcoin being decentralised was the first crypto to take a step forward for a digital, cashless society. And the coin does have a potential for the same as it is not bound to any rules and regulations by any government. Hence, this decreases the chances of corruption and makes a ditect contact between the economy and the people.
The coin with its blockchain has made transactions throughout the world possible within a short period of time and also these are secure. The coin has truly made the world into a global village.

That's an interesting post. Internet has started the globalization and Bitcoin is just a part of Internet. I don't think the world will come to a stable condition because new problems and conflicts keep coming up and the countries are hungry for the throne of the world.

Actually btc change the market conditions because of its benefits based on this many people are using btc also after inventions of btc its getting to popular also now many countries are using this system also many people and countries developing their economy like south korea.

bitcoin helps to make the world one place disregarding the geographical boundaries. There are many ways that bitcoin support for globalization. We can make payments across the world without any paperwork. We can transfer money without any hassle when we are using bitcoin. We can make a payment to a far away country without worrying about documents. So in every aspect bitcoin is promoting globalization.

Bitcoin doesnt know about boundaries because its peer to peer transaction. Globalization still have a rules on trades or regulation but not with bitcoin. With bitcoin, peoples can easily making transaction with each others without third party like banks

That's one theory of globalization.

I think globalization in the real world implies when a nation like the UK joins a globalist movement like the (EU) european union, the UK loses a significant degree of its independence, individuality and freedom.

On some level UK residents recognize this and so this is how #brexit came to be supported. Likewise with the catalan independence movement & similar trends around the world.

The only ones who bother with buzzwords in the pro globalist mandate, that care about terms like "integration, information sharing on products, consumers, utilities and technology" are wealthy demographics. What that describes is how facebook, twitter and other entities share your personal information without your consent. Those terms do not describe things the average person will see any benefit from.