Quote from: conhela on July 26, 2020, 09:54:20 PM

Quote from: Wenbing on July 15, 2020, 11:49:33 PM

In your own opinion, what will be the impact of this revolution to ;
1.The governments.
2.To business.
3.To Individuals.
4.To World bodies such as IMF, UN, WTO etc

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1. This is a great oppurtunity for the government to perform their best because the bitcoin is so powerful that it gives the masses the power which the government does not control, on the flip side, if the government plans something nefarious then they can use bitcoin for corrupt and shady deals that compromises their people which is scary.
2. Businesses will be forced to innovate their business model by integrating cryptocurrency transaction and they are in my opinion the least that will benefit from this because they will see bitcoin as a way of maximizing their profit.
3. Financial independence will be achieved because there are no taxes to pay, the people can choose to be payed through bitcoin and not worry about government cuts, what I worry is that the ability to apply for insurance is very tiresome.
4. This digital currency revolution will not affect them, they can adapt to the changes and they can also be supplemental to global adoption of bitcoin by backing the cryptocurrency with something that has worth like gold (Gold Standard) or USD (Bretton-Woods)