Help of cryptocurrency in globalization.

bitcoinst

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Quote from: shoreno on March 28, 2020, 05:55:24 AM

~snip
globalization in monetary system is possible via the help of cryptos and its now happening and the virus issue causes this process to speed up because like i said earlier there are now lockdowns and quaranties too which disables people to do local transaction just to send or recieve money

If you have nothing to eat, then you will not care how easily you can send your cryptocurrency to another person.
First of all, you will think about where to get food. While people do not go to work - they do not receive money, but continue to eat and consume life support products, as well as pay rent.
If people do not have their basic needs closed, they will not give a damn about everything, including cryptocurrency.

TheUltraElite

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Quote from: Kasabus on April 08, 2020, 07:42:12 PM

Transactions will be uniform through internet access and those money laundering will be minimized already because we are already in charge with our own finances.

Does that not seem too much of an ideal honest people doing honest transactions theme? In other words, it will be not completely that way. Surely blockchain keep the ledge public and money laundering is somewhat prevented, but black market deals are always happening and crypto has been used as a method to avoid taxation and launder money. So it is not ideal and there is nothing currently being done about it. Maybe law enforcement to some extent is working on methods but thats a long story now.

Globally the use of bitcoin is still limited to certain countries. It will take for that to increase in number.

Kasabus

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Quote from: sana54210 on April 08, 2020, 03:24:15 PM

For me I would say that crypto currency is something else on its own. There is already that freedom we need, anyone that wants to make use of cryptocurrency can use it whenever they want and they wouldn’t be questioned about it, unless it’s declared illegal in your country; even if it’s illegal in your country, you can still buy it and store secretly and nobody will know that you have Bitcoin, that’s the good thing about it.

People only get to know that you have Bitcoin if you let them know about it or if you’re the type that’s buying from exchanges, they will know about it since they have every info. Cryptocurrency has already brought globalization, you can send money to anywhere around the world to anyone, at anytime you want. That’s the globalization.

Globalization has been existing already even before but if cryptocurrency will also be legalized in the whole countries, this will definitely add for more globalization. Transactions will be uniform through internet access and those money laundering will be minimized already because we are already in charge with our own finances.

sana54210

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For me I would say that crypto currency is something else on its own. There is already that freedom we need, anyone that wants to make use of cryptocurrency can use it whenever they want and they wouldn’t be questioned about it, unless it’s declared illegal in your country; even if it’s illegal in your country, you can still buy it and store secretly and nobody will know that you have Bitcoin, that’s the good thing about it.

People only get to know that you have Bitcoin if you let them know about it or if you’re the type that’s buying from exchanges, they will know about it since they have every info. Cryptocurrency has already brought globalization, you can send money to anywhere around the world to anyone, at anytime you want. That’s the globalization.

redsun114

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We do not really need to "legalize crypto currency" in the sense that it would be the main money to be used, we are already allowed to use it, accept it, spend it in many places and even in more places we can trade it. Which means it is legalized in some sort of way. Is it the main option people use? No. But, at least it is a start.

Look at USA for example, they made it legal and even so legal that in Ohio people could use crypto to pay their taxes, I don't know if that started or even happened at all but it is definitely was a talking point for a while. Those type of things will make crypto the main option to use eventually, not now, not in 10 years but eventually it will get more and more and more adopted to a point where everyone uses crypto all around the world.

Sanugarid

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Quote from: michellee on April 06, 2020, 06:37:50 AM

Quote from: Xampeuu on April 05, 2020, 11:06:08 PM

The government is not ready to legalize cryptocurrency because they are not ready for a decentralized system, which the government cannot control like a fiat currency. indeed this will be a different matter in different countries. when developed countries are ready to use it, many developing countries still have problems with money laundering in their countries, so this is very risky against corruption by officials

Maybe that is their reason not to legalize cryptocurrency. But I am sure that soon, the government will legalize crypto so their people will have a new payment system besides fiat that they already used. I can imagine that when I buy something in a local store, the officer will ask me what you want to use to pay? Crypto or fiat? Grin

It's not for the government to decide whether they want it prohibited or not, the people will. Laws defined by the constitution are clearly stated, basic rules like no jaywalking is still disobeyed right now, what do you think the government is capable of not legalizing cryptocurrency? They won't affect that much honestly. Merchants are the one you should be educating and promoting the bitcoin to, not the government.

Quote from: michellee on April 06, 2020, 06:37:50 AM

We see that corruption is happening in all countries because the officials want to have money from any sources. But believe me, there will be honest officials that will work for their job, and they will always serve people better than others.

You know what I don't with too smart government official? They are too knowledgeable on how to get away with laws, they have counter part for anything coz they studied it. But I still believe there are ones who are true to their work.

michellee

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Quote from: Xampeuu on April 05, 2020, 11:06:08 PM

The government is not ready to legalize cryptocurrency because they are not ready for a decentralized system, which the government cannot control like a fiat currency. indeed this will be a different matter in different countries. when developed countries are ready to use it, many developing countries still have problems with money laundering in their countries, so this is very risky against corruption by officials

Maybe that is their reason not to legalize cryptocurrency. But I am sure that soon, the government will legalize crypto so their people will have a new payment system besides fiat that they already used. I can imagine that when I buy something in a local store, the officer will ask me what you want to use to pay? Crypto or fiat? Grin

We see that corruption is happening in all countries because the officials want to have money from any sources. But believe me, there will be honest officials that will work for their job, and they will always serve people better than others.

Xampeuu

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Quote from: AniviaBtc on April 05, 2020, 06:56:49 AM

Quote from: Sanugarid on March 10, 2020, 10:12:19 AM

Quote from: airdnasxela on March 10, 2020, 08:38:07 AM

Cryptocurrency and even blockchain can give a big part in globalization because through this technological advancement, it helps country to have transactions internationally. It makes it easier to transact with people in other countries. And that's what globalization is all about, connecting people across the world for stronger economy. Technology leads to greater globalization and cryptocurrency is a product of technology.

If we would define globalization, it is the overall exchange of products and service from different countries with the help of technology. Blockchain and crypto can simply be an example of the advancement of technology, it is the new generation of the world's monetary system which makes things easier and more convenient. Being said, it would really be a great help for the improvement of the globalization leadong to the rise of global economy.

Quote from: slashz9 on March 09, 2020, 10:57:10 PM

it will help because it makes transactions easier for different countries, because their currencies are different.
so using crypto will be easier not need to convert how much to pay first because crypto is connected to all fiat currencies, for example someone sells goods at a price of 0.1 btc then the buyer only needs to prepare 0.1btc no need to compare currency rates his money against the seller's currency.

Amidst the differences in currency we can all be united through using the same cryptocurrency when making transactions from other countries. There will be no hustle upon exchanges that's why it is way more better for us in terms of globalization. New ways will lead to new progress.

How can we achieve globalization if we can't promote mass adoption in our own country? The only hindrance here is the government that is against the use of cryptocurrency. Your definition of globalization is not enough, it is a process where you have communication or connection between companies, and authority, a process where trade and investments are manipulated by information technology. It is hard to achieve if will not make any contribution or action so that the society will understand the advantages of cryptocurrency to our community. It should've start with us so that the people who surrounds us and our environment should adopt and become knowledgeable about the use of cryptocurrency for investments so that we can achieve the globalization that we are rooting for.

The government is not ready to legalize cryptocurrency because they are not ready for a decentralized system, which the government cannot control like a fiat currency. indeed this will be a different matter in different countries. when developed countries are ready to use it, many developing countries still have problems with money laundering in their countries, so this is very risky against corruption by officials

fullhdpixel

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Globalization is used in different terms for many different subjects. Just to give an example that has been accepted all around the world, mcdonalds is a globalization example, it was just an american company that sold burgers in USA yet right now almost all nations do have mcdonalds, even Russia who was at both literal and cold wars with USA has mcdonalds now, kind of saying like "we would like to kill you, but we will welcome your companies" type of situation.

Crypto could still be labeled as globalization but it is also in different terms, such as being able to send/receive payments all around the world as a person, you do not have to work for people around you anymore, you can work for everyone around the world now, but that is not really exactly the same thing.

AniviaBtc

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Quote from: Sanugarid on March 10, 2020, 10:12:19 AM

Quote from: airdnasxela on March 10, 2020, 08:38:07 AM

Cryptocurrency and even blockchain can give a big part in globalization because through this technological advancement, it helps country to have transactions internationally. It makes it easier to transact with people in other countries. And that's what globalization is all about, connecting people across the world for stronger economy. Technology leads to greater globalization and cryptocurrency is a product of technology.

If we would define globalization, it is the overall exchange of products and service from different countries with the help of technology. Blockchain and crypto can simply be an example of the advancement of technology, it is the new generation of the world's monetary system which makes things easier and more convenient. Being said, it would really be a great help for the improvement of the globalization leadong to the rise of global economy.

Quote from: slashz9 on March 09, 2020, 10:57:10 PM

it will help because it makes transactions easier for different countries, because their currencies are different.
so using crypto will be easier not need to convert how much to pay first because crypto is connected to all fiat currencies, for example someone sells goods at a price of 0.1 btc then the buyer only needs to prepare 0.1btc no need to compare currency rates his money against the seller's currency.

Amidst the differences in currency we can all be united through using the same cryptocurrency when making transactions from other countries. There will be no hustle upon exchanges that's why it is way more better for us in terms of globalization. New ways will lead to new progress.

How can we achieve globalization if we can't promote mass adoption in our own country? The only hindrance here is the government that is against the use of cryptocurrency. Your definition of globalization is not enough, it is a process where you have communication or connection between companies, and authority, a process where trade and investments are manipulated by information technology. It is hard to achieve if will not make any contribution or action so that the society will understand the advantages of cryptocurrency to our community. It should've start with us so that the people who surrounds us and our environment should adopt and become knowledgeable about the use of cryptocurrency for investments so that we can achieve the globalization that we are rooting for.

Bezobraznike

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Quote from: ?? on ??

It is quite difficult to say how much blockchain can actually be useful for globalization. In general, it should, because for the most effective functioning it is necessary to connect projects with each other, create synergy. However, there are a number of problems that are directly related to the types of blockchains, their speed, security and scalability.

It's not difficult to say, for me it's simple. Functioning depends from connections, better connection will lead to better functioning. In the
past everything was connected with paper! Someone wrote something, that paper travel here and there.. and that was good for some time,
now with this population paper is obsolete. Internet is here, but what else can give you security, speed, and some kind of privacy other
than Blockchain? Nothing!
Blockchain is good for people, all people! But that means it's not good for governments and banks, they will lose power and income if
we start using something that they can't control!

Janation

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Quote from: Meowth05 on March 25, 2020, 09:41:32 PM

Well, globalization aims to make a borderless world where anyon and everyone can connect with each other be it economically or socially. Cryptocurrency is one of the many that is laying the foundation to bridge those gaps and I think it is doing its job right.

Lightning Network did its job right.

But there are those people that are not planning to use it as something like a connection to other people economically or socially, they want to earn a good profit in the future. People kept on holding and holding if that continues, I think we will not be looking at a good improvement in the future since it will be developed to be an asset and not as we think it is.

Negotiation

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With the help of cryptocurrency in globalization it is very effective and the crypto market itself will reach its peak of further development You are right that it is much better now that the knowledge technology of the globalization world and blockchain technology with the world market will make Bitcoin transactions much easier. Bitcoin users can easily set prices by joining different companies.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: ?? on ??

It is quite difficult to say how much blockchain can actually be useful for globalization.

It might not actually. But things are optimistic if you look into the IT farms and the Banking sector embracing development of blockchain and implementing it for their services. Soon enough the banks will become the pioneer in blockchain tech, unlike what the bitcoin users here think, in other words, the tables will turn in favor of the banks.

Quote

In general, it should, because for the most effective functioning it is necessary to connect projects with each other, create synergy. However, there are a number of problems that are directly related to the types of blockchains, their speed, security and scalability.

These things are present with any new technology or method that is under development. The good thing is that tech companies work on them and try to modify things into working with speed, security and stability. Gradually we will see development and which if for the good.

bearexin

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Not all business are physical products, during this period you could literally see that netflix probably saw an increasing number of users, I do not have that data, we don't know exact number of users netflix have, it gets reported time to time but there is no live data as far as I know, but I am sure it increased all around the world.

Netflix "eventually" will be affected by this because they can't shoot any more new movies while we have corona so they will have to wait, but they could simply buy the ones that was made before and pay them instead as well. So, long story short if you have digital product and you have crypto currency, you can live like there is no corona for your business, it will not affect you. That is the power of crypto, allows you to live a different life.

Latviand

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Quote from: avikz on March 09, 2020, 03:23:18 PM

Quote from: rnsribeiro on March 09, 2020, 03:10:16 PM

Quote from: Yatsan on March 09, 2020, 12:28:44 PM

Even without the existence of crypto, globalization has long started within each country. Just the fact that international groups among countries have been formed is proof that each and every country is operating, or at least, wishes to operate in an international scale. Crypto can be one aspect to achieve/prosper in terms of globalization, but it's just a drop in terms of its level. But, in all honesty, operating in an international scale doesn't mean agreeing with a few countries objectives/purpose. In the end, globalization would prosper, but only based on how individual countries do their thing. And, if one country goes up, one country would surely go down, that kind of cycle. I mean, I'm pretty sure we all understand how hungry for power countries are right?

but globalization presume all countries move a little bit towards each other. So every country should become a little less hungry for power each day and each year. So we could meet global currency one day

I really love your confidence! But unfortunately the leaders don't think in similar line. For them, power is more important than anything else! For example, you look at Russia, India, China and US. All of these countries are rules by such leaders who believe in achieving supremacy even at the cost of human lives. So there's no way, they will become less hungry, at least in our lifetime!

Bitcoin is just a currency system controlled by none. It doesn't have to power to bring all nations under one umbrella!

Each countries have their different point of views or perspective about cryptocurrency and we can do something about it. Continuous promotion of crypto is useless if we don't make some actions in when the government can notice its benefits in the economy and to the community. We also need to practice proper manipulation of crypto so that people will really see the advantages of crypto in our life. If you handle your cryptocurrency wisely, it will reflect into your personality and people will really see that cryptocurrency can influence one's life. Also the government should notice the advantages of crypto in many transactions and how it moves in the market.

In China and US, they allow cryptocurrency that's why their economy is stable and slightly improving and you will notice that their markets are also in a good state. It is possible that crypto especially bitcoin will make a great impact to globalization after it reaches mass adoption around the world. It just needs support and recognition to those who are using it and to those who change the way their mind thinks when they talk about investment and profitability.

shoreno

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Quote from: bitcoinst on March 27, 2020, 07:03:07 AM

Quote from: Meowth05 on March 25, 2020, 09:41:32 PM

Well, globalization aims to make a borderless world where anyon and everyone can connect with each other be it economically or socially. Cryptocurrency is one of the many that is laying the foundation to bridge those gaps and I think it is doing its job right.

The virus forces us to close our borders. The losses incurred by the business during the pandemic will be huge.
These processes will greatly harm globalization because we will roll back a few years ago. It is not known how the virus behaves mutating several times.

this isnt about the virus anymore but what we are dealing here is crypto alone . sure virus cause countries to lockdown but cryptocurrencies are online and being online means it is accesible and transferable wherever you are in this planet .

globalization in monetary system is possible via the help of cryptos and its now happening and the virus issue causes this process to speed up because like i said earlier there are now lockdowns and quaranties too which disables people to do local transaction just to send or recieve money

stompix

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Quote from: bits4books on March 27, 2020, 11:12:59 AM

This" globalization " that you advocate so much is disgusting and should stop by now.

Yeah, disgusting how this globalization has made it possible to travel around the world, buy things from anywhere, cheap stuff from China and expensive cars from Germany with ease, how supermarkets are stocked with food you've never seen before, you can go and start a business in a different country within days, truly disgusting. We should all barricade ourself in ouy fortress cities and slay every foreigner that has the courage to come to the gates.

Quote from: bits4books on March 27, 2020, 11:12:59 AM

You can see for yourself what it has led to. From problems in the market due to the influx of China, trade wars to the problem with refugees in the EU and USA.

The refugee crisis is because of war, not globalization.
Trade wars are actually the opposite of globalization, what we need is free trade.

Quote from: bits4books on March 27, 2020, 11:12:59 AM

Why do you need a worldwide universal currency? Just tell me for what?

Because it's easier to deal with stuff.
For most of us the Euro was a blessing, imagine traveling 1000 km and having to switch between 5 currencies, buying stuff from 50 km and having to convert, selling it 50 km north and convert it again in a different currency. Not to mention how easy is now with SEPA transfers.

bits4books

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This" globalization " that you advocate so much is disgusting and should stop by now.
You can see for yourself what it has led to. From problems in the market due to the influx of China, trade wars to the problem with refugees in the EU and USA.
Why do you need a worldwide universal currency? Just tell me for what?
Well, yes, a good example of the widespread use of crypto is Iran and Venezuela. If practice is the criterion of truth, then we get that the crypt can fully live in a place where the economy has fallen into total decline - because such a good and globalized world decided to disconnect the country from all payment systems or failed to teach its global neighbors the history and the fact that you can not always just sell oil.

bitcoinst

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Quote from: Meowth05 on March 25, 2020, 09:41:32 PM

Well, globalization aims to make a borderless world where anyon and everyone can connect with each other be it economically or socially. Cryptocurrency is one of the many that is laying the foundation to bridge those gaps and I think it is doing its job right.

The virus forces us to close our borders. The losses incurred by the business during the pandemic will be huge.
These processes will greatly harm globalization because we will roll back a few years ago. It is not known how the virus behaves mutating several times.

Topic: Help of cryptocurrency in globalization. (Read 438 times)