Post
Topic
Board Economics
Re: Do we need a global virtual marketplace for cryptocurrencies?
by
hugeblack
on 28/11/2018, 16:04:40 UTC
I think that we should have a global virtual marketplace for cryptocurrencies without any intermediaries. This would lower the costs of transactions and decentralize the market. What do you think? Is that possible? What are the benefits?
The term decentralization in goods and services means that these goods and shops are not confined to a specific area or subject to certain laws as is happening now "many countries are subject to economic sanctions for illogical reasons."

Markets cannot be decentralized without supervision or subject to authority to settle disputes, but funds can be paid without the need for a credible third party.

cryptocurrencies can open up new markets "in Africa " for cheap products and give people financial freedom. But when we talk about trade exchanges, these currencies are not important because regulatory forces are needed before that.

In short, cryptos will benefit from exploring new markets but will not help eliminate the problem of trust.