As you can see the changes that we live in are profound, especially in this dynamic era. The technology plays an essential role not only from the perspective of creating new infrastructures, but also from the perspective of its conceptualization. I strongly believe that in the coming years, a large amount of the non-integrated population in the financial system will gain a particular desire to be part of the new system - without linking to central authorities. Economies are becoming increasingly interlinked. At the moment, our money in the wallet is worthwhile because there is someone who guarantees for it. What if we still have money that are still recognized without the need for someone as central power to authenticate and supervise them? This is my way of conceptualisation these changes.
What role do you think Bitcoin plays in the context of globalization? Bitcoin conceptualization in the context of globalization
[/quote Exchange means gravitate towards low-friction channels. Ceteris paribus, users will adopt the payment system that offers the path of least resistance. At this point Bitcoin comes to the mind. Bitcoins market cap is superior to that of other cryptocurrencies. Bitcoins liquidity also implies a strong network, as large liquidity implies large transaction volumes, which implies a robust mining environment. on the other hand, while Bitcoin will grow and lead as a global unit of account, individuals may still prefer to exchange with coins that are less liquid since the cost of retaining a less liquid currency shrinks if one can exchange it into Bitcoin at very little discount. By implication, altcoins will act as highly liquid media of exchange for particular regions, companies, Internet groups, religious communities, and other voluntary collectives whereas Bitcoin will play the major role of economic globalisation