Quote from: kryptqnick on February 17, 2019, 02:25:59 PM

Quote from: Dumont31 on February 13, 2019, 03:31:39 PM

What role do you think Bitcoin plays in the context of globalization? Bitcoin conceptualization in the context of globalization

Examples of localization in the crypto world are probably centralized coins that belong to banks, companies and nations. The way of dealing with it and making Bitcoin win is what's called glocalization: adapting global stuff to local cultures. This could be done by making region-specific reasons for people to adopt this coin and by making local merchants accept it as payment.

I didn't think in this specific way. The concept is interesting. On a wider scale, the essence of our currency is lost, but local it wins. At the local level the trust is gained, because it respect the custom of the region that adopted it. Running the same conceptual idea of glocalization, I think that the key of adoption at a larger scale it's by uniting more people in one entity directed by the same concept.

Quote from: hugeblack on February 17, 2019, 12:47:43 PM

Also, trying to create an infinite number of shitcoins reduces the likelihood of decentralization.

It is true, the level of confidence and specificity decreases.