Topic: How can Bitcoin help build a digital global? (Read 402 times)

Bitcoin itself is building a digital means of transaction globally. If you can see, most Africa country's are adopting mobile transaction system also known as (tokenization), including bitcoin so it helps in improving a country financially, and it creates room for rapid means transaction.

Are you sure that we really need to force digital global adoption? Things evolving as they should. Too low amount of people know about btc to force this process

I think Bitcoin can for 3 reasons

The first reason:  The most relevant right now Central banks can print trillions of dollars of their local currency With a never-ending supply, according to the laws of supply and demand, this will inherently devalue the country's local currency. Now, this is what we have seen in countries like Venezuela, for example, where buying two loaves of bread now costs more than half of the average monthly salary. This is hyper-inflation. With bitcoin, there is a 21 million limited supply, no more can be printed no more can be created. This means there’s not enough bitcoin for everyone in the world to own just one… increasing its demand and increasing its value. Over the last few weeks, I’ve seen the federal reserve pump trillions of dollars into the US economy, devaluing the dollar over time. Unlike the dollar, bitcoin cannot be created out of thin air. That’s why it’s often people call it digital gold.This is why we’re bullish on bitcoin.

The Second reason: Bitcoin and blockchain technology is putting people on the financial map. Africa and Latin America lack the financial infrastructure when compared to the west 66% of Sub-Saharan Africans are listed as unbanked yet in 2016 there were over 1 billion mobile phone users. Now with mobile phone apps like Exodus the unbanked have access to a digital wallet, that they can use to trade and to do business with the rest of the world, using a currency like bitcoin which knows no borders.

And finally: Bitcoin matters because it is decentralized. It’s built on blockchain technology which we call trustless.This means no one entity owns your coins, Unlike traditional finance where your money is in the custody of one centralized entity, the banks. Banks can often freeze our funds, banks limit the amount of access we have to our funds per day, and many times you have to pay to use your own money. With bitcoin when you use hardware wallets you the individual has absolute sovereignty over your assets.

Are you sure that we really need to force digital global adoption? Things evolving as they should. Too low amount of people know about btc to force this process

False hypothesis, what logical evidence do you have to back this claims up?

There are a lot of factors to use on Bitcoin but mostly this is accepted by the other people. if you want to focus a wide and mass adaptation you just need to promote the use of it to your community or country. But it thinks they will not too much entertain this kind of coin if you are a president of your country will you promote the use of other money/coin? Instead of your country. Bitcoin is decentralized so they don't have any full control.

There is no real decentralization anywhere and never has been.
And just try to say about BTC - now Satoshi will come out of his coma and drop the entire market with his wallet, so instead of a bright crypto-future, you will get a bunch of suicides and turning the coin into dust

Honestly, for me, the end of central banks that you are talking to is near to impossible to happen.
As what I have observed, there are still lots of people who wouldn't even want to try bitcoin.
Most of them supports central banks, maybe because they've been used into it.
I know some of my friends that doesn't want to ge in touch with bitcoin, and I also knoe some that sometimes they do want, sometimes they don' (depends maybe if they will earn some good money because of it).

Yes, this is true, Bitcoin is the beginning of the end of the era of central banks

I believe that we are already on the verge of a large-scale worldwide implementation of cryptocurrency in human everyday life. And if China and the United States are still at war with each other on the political and economic battlefield, then the European Union has already launched an experiment on the implementation of the digital European currency on October 12. The European Union has a very large payment system, which when using the crypto euro will attract a huge number of users to the cryptocurrency market. But you need to take into account the fact that no matter what national cryptocurrencies are created in different countries, including China, Bitcoin will somehow be an international decentralized cryptocurrency, offering independence to each user.

I believe that we are already on the verge of a large-scale worldwide implementation of cryptocurrency in human everyday life. And if China and the United States are still at war with each other on the political and economic battlefield, then the European Union has already launched an experiment on the implementation of the digital European currency on October 12. The European Union has a very large payment system, which when using the crypto euro will attract a huge number of users to the cryptocurrency market. But you need to take into account the fact that no matter what national cryptocurrencies are created in different countries, including China, Bitcoin will somehow be an international decentralized cryptocurrency, offering independence to each user.