Op's using the terms 'globalization' and 'global village' without giving them much thought, even though they have names and conceptual developments behind them. Global village, for example, doesn't really mean there are no restrictions and that literally every human is interconnected (it means that we're way more connected than prior to the Internet, but still). One of the main notions of global village is that we know famous people from other places often better than those who live next door: it's the distortion of perception of space and new communication possibilities that have their own implications. Also, it's far from true that everyone's interconnected: North Korea is basically outside the Internet, China's largely restricting (although not making it impossible to access) it, and global Internet penetration is at 59%. As for industrialization, I find it irrelevant because we're well into post-industrial society where services and information are key components, not factories and production of goods. Bitcoin is, in a way, a global payment agent (not the, just a), but with its current number of users, it's far from being dominant.
I truly appreciate this comment as it has taken me memory lane to the functions and stages of development, Bitcoin is a global payment agent no thought about, my aim was to trigger a discussion in the forum that will make room for individual contribution based on the topic. The main motive of Bitcoin was to destroy the restrictions in the financial industry which to some extent is a product of industrialization. But we may say it is an advanced stage now because the world is advancing and technological development in various stages has taken place 
Topic: Bitcoin Is a Globalization agent Rather than A price and data tools (Read 186 times)
February 10, 2022, 10:11:44 AM
February 10, 2022, 08:33:57 AM
Op's using the terms 'globalization' and 'global village' without giving them much thought, even though they have names and conceptual developments behind them. Global village, for example, doesn't really mean there are no restrictions and that literally every human is interconnected (it means that we're way more connected than prior to the Internet, but still). One of the main notions of global village is that we know famous people from other places often better than those who live next door: it's the distortion of perception of space and new communication possibilities that have their own implications. Also, it's far from true that everyone's interconnected: North Korea is basically outside the Internet, China's largely restricting (although not making it impossible to access) it, and global Internet penetration is at 59%. As for industrialization, I find it irrelevant because we're well into post-industrial society where services and information are key components, not factories and production of goods. Bitcoin is, in a way, a global payment agent (not the, just a), but with its current number of users, it's far from being dominant.
February 10, 2022, 06:42:47 AM
It could be an agent if globally it will be adopted. But if bitcoin is going to the hands of the few then it won't be any globalization agent as you have describe. It will become a tool just like what we have today, constant buying and selling in the crypto exchange. I know it was design to be used as payment method with no borders, but today it is very different as it become a commodity.
February 10, 2022, 06:23:55 AM
Globalization is the interconnectedness of the world through trade and technology and making the world a global village where the activities of every human are now interconnected void of every restriction, the industrialization era gave birth to globalization, which aim at making trade and technology more simple and far-reaching in term of services.
Bitcoin have always been viewed as a price and data agent in this aspect, that is most people viewed Bitcoin as just investment and commodity with constant rising price and also viewing blockchain as a data storage tool because every transaction and activity on the blockchain are stored for life.
Changing the narrative
Over some few days back I invested some time to reanalysingand anarticlesome article on the main function of Bitcoin and I discovered Bitcoin has several functions other than the affirmation function which is primarily known to most Bitcoin hoareers that is, bitcoin as a price and data tool.
Grehasctionlobalization have eradicated border restrictions and have made the world a global village in terms of commerce and technology and the Bitcoin is a modern technology and an agent If globalization that aims at enhancing borderless trade and technology.
BITCOIN TO ME IS THE GLOBAL PAYMENT AGENT
It covers for
1: Internet
2 industrialization
3: Globalization
Bitcoin have always been viewed as a price and data agent in this aspect, that is most people viewed Bitcoin as just investment and commodity with constant rising price and also viewing blockchain as a data storage tool because every transaction and activity on the blockchain are stored for life.
Changing the narrative
Over some few days back I invested some time to reanalysingand anarticlesome article on the main function of Bitcoin and I discovered Bitcoin has several functions other than the affirmation function which is primarily known to most Bitcoin hoareers that is, bitcoin as a price and data tool.
Grehasctionlobalization have eradicated border restrictions and have made the world a global village in terms of commerce and technology and the Bitcoin is a modern technology and an agent If globalization that aims at enhancing borderless trade and technology.
BITCOIN TO ME IS THE GLOBAL PAYMENT AGENT
It covers for
1: Internet
2 industrialization
3: Globalization
You are wrong if you look like that.
The blockchain system is free to move, rich people can not play like you said, They must first understand the mechanism it works.
February 09, 2022, 11:54:07 PM
Bitcoin can be a globalization agent when people around the world mostly used Bitcoin regularly to pay daily expenses, while now many people still used it as investment. It's similar like how technology is being used everyday and everywhere, anyone will need technology in order to make their activities easier. 20 years ago, we must have cash in hand to pay groceries... but now we don't really need to have cash in hand instead a cellphone.
February 09, 2022, 06:16:46 PM
Global population increase. Bitcoin adoption grows.
Its not proportional as always, with the current state and development of bitcoin adoption, it will grow no matter what even population decreases, say, millions deaths from the pandemic or if a war comes. 
February 09, 2022, 05:57:05 PM
Well said but a globalization tool mostly controlled by a few rich people is still a bad idea.
But he already said Bitcoin is nothing close to being a "globalization agent"... Don't you get the point he put accross?And where does the idea of the rich few come from? How do they control the way the Bitcoin network works anyway?
Do they control the transaction fees?
Do they control how Blocks are mined?
Do they control the network's consense mechanism?
February 09, 2022, 06:05:16 AM
Globalization is the interdependence of the world's economies, cultures, and populations. Bitcoin is just providing a borderless payment option which I don't think warrants being called a "globalization agent". It is not creating any kind of interdependence. Consequently bitcoin doesn't cause any of the damages that globalization does to each country such as job insecurity, instability of society, and price, ...
Well said but a globalization tool mostly controlled by a few rich people is still a bad idea.
January 13, 2022, 09:54:15 AM
Globalization is the interdependence of the world's economies, cultures, and populations. Bitcoin is just providing a borderless payment option which I don't think warrants being called a "globalization agent". It is not creating any kind of interdependence. Consequently bitcoin doesn't cause any of the damages that globalization does to each country such as job insecurity, instability of society and price, ...
Well said but a globalization tool mostly controlled by a few rich people is still a bad idea.
January 13, 2022, 09:50:41 AM
It is not creating any kind of interdependence. Consequently bitcoin doesn't cause any of the damages that globalization does to each country such as job insecurity, instability of society and price, ...
I think bitcoin may be a fix to those damages.
As it flattens financial relationship between individuals from different countries, it will be easier (when adoption grows) for everyone to buy something in another country online or when travelling. Fiat currency conversion fees are usually high, and there might also be taxes. If both parties are using bitcoin directly, financial relationships between people from different countries might become easier, faster and cheaper.
Somehow it may make globalization easier for everyone.
January 13, 2022, 07:17:17 AM
Globalization is the interconnectedness of the world through trade and technology and making the world a global village where the activities of every human are now interconnected void of every restriction, the industrialization era gave birth to globalizaarticlestion which is aim at making trade and technology more simple and far-reaching in term of services.
Bitcoin have always been viewed as a price and data agent in this aspect, that is most people viewed Bitcoin as just investment and commodity with constant rising price and also viewing blockchain as a data storage tool because every transaction and activity on the blockchain are stored for life.
Changing the narrative
Over some few days back I invested some time to reanalysingand anarticlesome article on the main function of Bitcoin and I discovered Bitcoin has several functions other than the affirmation function which is primarily known to most Bitcoin hoareers that is, bitcoin as a price and data tool.
Grehasctionlobalization have eradicated border restrictions and have made the world a global village in terms of commerce and technology and the Bitcoin is a modern technology and an agent If globalization that aims at enhancing borderless trade and technology.
BITCOIN TO ME IS THE GLOBAL PAYMENT AGENT
It covers for
1: Internet
2 industrialization
3: Globalization
Bitcoin can truely be call a part of development that can transformed the world just like industry and technology have done, bitcoin give the freedom to send and received money globally. Bitcoin have always been viewed as a price and data agent in this aspect, that is most people viewed Bitcoin as just investment and commodity with constant rising price and also viewing blockchain as a data storage tool because every transaction and activity on the blockchain are stored for life.
Changing the narrative
Over some few days back I invested some time to reanalysingand anarticlesome article on the main function of Bitcoin and I discovered Bitcoin has several functions other than the affirmation function which is primarily known to most Bitcoin hoareers that is, bitcoin as a price and data tool.
Grehasctionlobalization have eradicated border restrictions and have made the world a global village in terms of commerce and technology and the Bitcoin is a modern technology and an agent If globalization that aims at enhancing borderless trade and technology.
BITCOIN TO ME IS THE GLOBAL PAYMENT AGENT
It covers for
1: Internet
2 industrialization
3: Globalization
January 13, 2022, 04:48:41 AM
Globalization is the interdependence of the world's economies, cultures, and populations. Bitcoin is just providing a borderless payment option which I don't think warrants being called a "globalization agent". It is not creating any kind of interdependence. Consequently, bitcoin doesn't cause any of the damages that globalization does to each country such as job insecurity, instability of society and price, ...
Your statement is wrong to me, my point in Bitcoin being an agent of globalization since globalization is the inter-dependant of the world as an economic and social environment with relation to trade and technology which is the bedrock of all human development and civilization making the world a global village, the three agents of globalization where mention on the last paragraph of the post which is industrialization, internet, and globalization and the last and recent is Bitcoin all the mentioned agents are providing borderless services. 
January 13, 2022, 02:43:45 AM
Globalization is the interdependence of the world's economies, cultures, and populations. Bitcoin is just providing a borderless payment option which I don't think warrants being called a "globalization agent". It is not creating any kind of interdependence. Consequently bitcoin doesn't cause any of the damages that globalization does to each country such as job insecurity, instability of society and price, ...
January 13, 2022, 02:02:47 AM
Globalization is the interconnectedness of the world through trade and technology and making the world a global village where the activities of every human are now interconnected void of every restriction, the industrialization era gave birth to globalization, which aim at making trade and technology more simple and far-reaching in term of services.
Bitcoin have always been viewed as a price and data agent in this aspect, that is most people viewed Bitcoin as just investment and commodity with constant rising price and also viewing blockchain as a data storage tool because every transaction and activity on the blockchain are stored for life.
Changing the narrative
Over some few days back I invested some time to reanalysingand anarticlesome article on the main function of Bitcoin and I discovered Bitcoin has several functions other than the affirmation function which is primarily known to most Bitcoin hoareers that is, bitcoin as a price and data tool.
Grehasctionlobalization have eradicated border restrictions and have made the world a global village in terms of commerce and technology and the Bitcoin is a modern technology and an agent If globalization that aims at enhancing borderless trade and technology.
BITCOIN TO ME IS THE GLOBAL PAYMENT AGENT
It covers for
1: Internet
2 industrialization
3: Globalization
Bitcoin have always been viewed as a price and data agent in this aspect, that is most people viewed Bitcoin as just investment and commodity with constant rising price and also viewing blockchain as a data storage tool because every transaction and activity on the blockchain are stored for life.
Changing the narrative
Over some few days back I invested some time to reanalysingand anarticlesome article on the main function of Bitcoin and I discovered Bitcoin has several functions other than the affirmation function which is primarily known to most Bitcoin hoareers that is, bitcoin as a price and data tool.
Grehasctionlobalization have eradicated border restrictions and have made the world a global village in terms of commerce and technology and the Bitcoin is a modern technology and an agent If globalization that aims at enhancing borderless trade and technology.
BITCOIN TO ME IS THE GLOBAL PAYMENT AGENT
It covers for
1: Internet
2 industrialization
3: Globalization
Jump to: