The Roads To Hyperbitcoinization: Describing The ‘Transition Agents’ Bringing Us Financial Freedom

By Bitcoin Rivista - 2 anni fa - Tempo di lettura: 22 minuti
ven 14 gen 2022 11:00

The Roads To Hyperbitcoinization: Describing The ‘Transition Agents’ Bringing Us Financial Freedom

These bottom-up “transition agents,” from private business to the freedom ladder, will be what drives us all to hyperbitcoinizzazione.

Questo articolo è la seconda parte in una serie where we outline the views and predictions made by the Bitcoin community concerning the prospect of hyperbitcoinization. In our analysis, we highlight "transition agents": main players, groups of players or institutions that could accelerate the transition to a Bitcoin world. For each topic, we base our arguments on the references collected, and if possible, present data that aims to assess the probability of this outcome.

Il primo articolo described top-down scenarios initiated by institutional agents or governments whose influence is expected to trickle down to a wider audience. We identified monetary inflation and the rollout of central bank digital currencies (CBDCs) as probable scenarios initiated by central banks, while bitcoin hoarding, a rise in cross-border payments in bitcoin, bitcoin as a legal tender and even the advent of a hash war were identified as scenarios likely to induce government acceptance of Bitcoin. In view of the recent pronouncement by El Salvador, it appears that political agendas in South America are in a state of flux, in particular in countries with national elections scheduled for 2021 and 2022.

Questo secondo articolo mira a comprendere le iniziative di tipo bottom-up portate avanti da imprese, comunità e individui.

Scenari dal basso

We identified several notable hyperbitcoinization scenarios that emanate from two large groups of actors. The first group represents private-sphere-led initiatives brought together by established firms and startups. The second group is composed of grassroots initiatives mostly impulsed by the Bitcoin community whose main purpose is to educate and help new users to be onboarded. The article begins with a discussion of the initiatives driven by these two groups before turning to an examination of emerging individual behaviors. In this article, we have followed the principle of individualismo metodologico, ben noto nella scuola austriaca di economia, che consiste nella spiegazione di fenomeni sociali su larga scala basati su azioni e motivazioni individuali soggettive.

Sfera privata

Figure one depicts scenarios initiated by private actors that could — intentionally or unintentionally — set off a chain of events driving to hyperbitcoinizzazione.

Adozione aziendale

Fin dall'inizio, Bitcoin has demonstrated that it offers a wide variety of benefits to users. Its value proposition as a safe haven for individuals is without question one of its key enduring narrazione. In August 2020, the world was surprised when MicroStrategy (MSTR), a NASDAQ-listed public technology company, announced that it was converting part of its cash reserves into bitcoin. Figure two depicts publicly-traded companies that reported owning bitcoin on their balance sheets or have converted a fraction of their cash reserves to bitcoin col tempo.

Ad oggi, possiamo dividere questa tendenza in quattro aree distinte:

Since the MicroStrategy announcement, many other companies have started to display an interest in Bitcoin, and we can expect to see more of these kinds of initiatives appearing over the coming months once decision-makers have weighed their choices.

If hyperbitcoinization comes to fruition, the revenues, costs, profits and valuations of all companies could be accounted for in bitcoin (Mimesis Capital and Burnett), and most valuable companies would be the ones holding the largest chunks of bitcoin on their balance sheet.

Moneta privata

Quando Meta (ex Facebook) ha annunciato nel 2019 che avrebbe lanciato una nuova valuta digitale, Diem (originariamente chiamata "Bilancia"), la mossa ha colto alla sprovvista sia i governi che le istituzioni finanziarie. Il valore stabile di Diem doveva essere derivato da un paniere di valute legali (dollaro USA, euro, yen giapponese, sterlina britannica e dollaro di Singapore) che avrebbe consentito a qualsiasi utente di Facebook di inviare denaro in modo semplice e intuitivo come inviare un messaggio.

Sebbene sia un'idea allettante per molti versi, in alcuni ambienti sono state sollevate preoccupazioni sulla fiducia in un'azienda che si nutre dei dati degli utenti. Alcuni temevano che Diem avrebbe incarnato il peggio dei soldi e pratiche sulla privacy dei dati. On the other hand, the launch of a private digital currency like diem may serve to familiarize large numbers of users with this emerging technology and thereby act as an on-ramp to broader Bitcoin adoption. As users get acquainted with digital currencies, they will develop an understanding of bitcoin as a scarce, censorship-resistant and decentralized digital money.

Fattore 10x

Bitcoin è spesso considerato a migliore forma di denaro perché combina miglioramenti significativi in ​​termini di portabilità, divisibilità o fungibilità rispetto alle forme di denaro passate e presenti, oltre a portare una rottura radicale in termini di resistenza alla censura e fornitura fissa. Un aspetto che rimane poco esplorato sono i costi di transazione sull'economia.

Nel corso dei secoli, le persone hanno collaborato per ridurre al minimo i costi di transazione e produrre in modo più efficiente ciò che non sono in grado di produrre individualmente. Il teoria dell'impresa di Ronald Coase descrive la relazione tra costi interni ed esterni. 

Quando i costi di transazione esterna di un'azienda sono superiori ai suoi costi di transazione interna, l'azienda crescerà. Se i costi delle transazioni esterne sono inferiori ai costi delle transazioni interne, l'azienda si ridimensionerà mediante l'esternalizzazione, ad esempio.

Applying this theory to the banking sector, we can project that the Bitcoin protocol is likely to capture a significant portion of the banking industry value proposition, and it is not hard to imagine that it could probably capture it entirely once the Bitcoin stack becomes a more tangible reality (see figure three). Over time, we can expect the value created on top of the Bitcoin stack to first capture the value of the financial industry, and then surpass it.

If the transaction costs incurred by Bitcoin users are lower than transactions enabled by conventional payments rails, demand will shift to the cheaper channel. Following Brexit, Visa e Mastercard hanno aumentato le loro commissioni interbancarie di quasi l'1%, comprimendo ulteriormente i profitti dei commercianti. Ciò è avvenuto anche in Colombia, dove commercianti ha smesso di usare carte di debito e di credito per evitare commissioni eccessive.

Altrove, i commercianti che desiderano ridurre le commissioni di interscambio e di scorrimento, possono anche prendere in considerazione altre opzioni di pagamento come Lightning Network come mezzo di riduzione dei costi. I fornitori di servizi di pagamento rischiano di entrare in una spirale mortale avviata da una base di clienti in contrazione che esercita pressioni sui margini di profitto e, in definitiva, rende i loro servizi meno competitivi. Nel contesto dell'aumento dei costi di conformità nei settori bancario e dei pagamenti, la probabilità di questo scenario non può essere ignorata.

Transaction costs represent just one of several key aspects in the battle between established companies and Bitcoin-native services. In terms of remittances, in a recent research article, Bitrefill found that comodità e velocità erano importanti, se non di più, del costo per alcuni segmenti di clientela. Osservando il sofisticato processo di invio delle rimesse in Nigeria, hanno stabilito che l'intero processo sarebbe stato ridotto a 20-30 minuti dai diversi giorni necessari per inviare le rimesse convenzionali in contanti. Anche se 30 minuti suonano come un'esperienza lunga e dolorosa nel mondo finanziario di oggi, rappresentano un guadagno di dieci volte rispetto alle rimesse in contanti.

Even if we could argue that Bitcoin doesn't exhibit yet the same number of transactions as large payment service providers, the payment infrastructure has grown at a rapid pace to the point of surpassing PayPal in terms of volume delle transazioni nel 2021 e per presentare una valida alternativa alle linee di pagamento esistenti (cfr. figura quattro).

This adoption is illustrated by the increasing number of Bitcoin transactions observed in Nigeria. According to Bernard Parah, CEO of Bitnob, the transaction volume observed in Nigeria is driven primarily by businesses and commerce. Domestic controls on capital imposed by the Nigerian government considerably limit the capacities of individuals and companies to trade internationally. Lacking access to U.S. dollars, a mechanical company wanting to buy spare parts from China, for example, would not be able to find a seller because no one would accept the naira as a form of payment. The use of Bitcoin — either directly or through a third party who can pay a prospective seller in yuan — creates a credible alternative means of payment that thereby opens access to the global marketplace for our Nigerian mechanical company.

Questi esempi di dieci fattori mettono in evidenza il ruolo dei costi di transazione, ma questo non vuole sminuire il modo in cui le startup di ecosistemi devono prestare attenzione anche all'affidabilità delle transazioni e all'esperienza complessiva dell'utente, in particolare per quanto riguarda i servizi di autocustodia che si differenziano dai servizi di custodia e dai loro processi di onboarding dettati da normative e compliance.

Attenzione pubblica più ampia

Long seen as the ultimate safe haven in the crypto world, bitcoin is still finding its way as a medium of exchange.

Mentre, in teoria, balene ed gangster originali (OGs) have had enough time to accumulate significant portions of bitcoin, the purchasing capacity of newcomers is limited by current price. The accumulation of satoshis is therefore the only option for those wishing to become familiar with this new asset class. Programmed regular purchases such as dollar-cost averaging (DCA) or loyalty programs offering cashbacks in satoshis are two options for earning bitcoin that are gaining in popularity.

The progressive integration of Bitcoin services into social networking and e-commerce platforms — or even games for which frequent microtransactions are familiar experience — could have the potential to onboard a large, digitally-savvy customer base in a short period of time.

Big tech companies already offer services to several hundred million or even billions of people worldwide (figure five). If any of these companies were to start accepting bitcoin as a means of payment, this would immediately trigger interest in the technology from a population that had little to no prior exposure to cryptocurrencies. Twitter’s announcement that it had developed a Lightning Network funzione di ribaltamento che aiuterebbe le persone a inviare denaro senza attriti è illustrativo di come le grandi società di social media potrebbero sfruttare la portata delle loro reti.

E-commerce companies could also play a major role in spreading Bitcoin utilizzare. Come ha sottolineato Tim Draper, già da anni i consumatori acquistano prodotti indirettamente con le criptovalute con l'acquisto di voucher e carte regalo riscattabili su piattaforme di e-commerce che rappresentano il maggior numero di pagamenti (figura sei).

A Rakuten case offre un'analogia della velocità con cui un grande attore di e-commerce può ampliare una nuova tecnologia di pagamento attraverso la sua base di utenti. Consentendo ai clienti di pagare con carta di credito e acquisendo gradualmente i pagamenti effettuati al di fuori delle proprie piattaforme, Rakuten è diventata nel tempo uno dei maggiori emittenti di carte di credito in Giappone.

Mondo finanziario

Negli ultimi dieci anni, Bitcoiners have regularly hypothesized how events initiated within the financial industry might accelerate the visibility of Bitcoin, such as the introduction of exchange-traded funds (ETF (Exchange Traded Fund)) negli Stati Uniti, o come potrebbe attrarre la creazione di regolamenti più chiari trilioni di dollari from institutional investors. Even though more sophisticated financial products will likely assist in the wider adoption of Bitcoin and increase prices, actions taken by financial actors have not been particularly associated with the prospect of hyperbitcoinizzazione.

Tuttavia, quella del presidente del Salvador Nayib Bukele annuncio emettere un Bitcoin bond, at the end of Bitcoin week in El Salvador, once again caught many observers by surprise. The Bitcoin bond — also called the Volcano bond — is a $1 billion tokenized bond that will be used to finance the construction of the first Bitcoin city and infrastructure in the Central American country. The Bitcoin bond offers diverse interruzioni rispetto ai tradizionali mercati obbligazionari:

The long-term reverberations for El Salvador are promising. Not only does this initiative provide for the construction of the geothermal energy infrastructure needed to power an entire new city, but it could also create a surplus of green energy that could be exported to neighboring countries. Most importantly, the Bitcoin strategy designed by the El Salvadoran government could attract the kind of global investment and knowledge workers that would help establish long-term prosperity in the region. By showing the rest of the world its openness to business and capital influx, El Salvador could replicate the success of the Tigri asiatiche negli anni '1960.

I Bitcoin Comunita'

La crescita del Bitcoin network is based in a strong community committed to the idea of a P2P electronic cash system. Orphaned since the disappearance of its creator Satoshi Nakamoto, the Bitcoin ecosystem continues to play a major role in spreading his ideas. By supporting technological developments and their diffusion, the Bitcoin community undergirds the process of technological familiarization within the public and private spheres addressed in this series of articles.

Questa eterogenea comunità internazionale di appassionati soprannominata “calabroni informatici” encompasses miners, node holders, investors, speculators, analysts, entrepreneurs, journalists, influencers, OSS contributors and developers who devote considerable time and energy to educate new users and contribute, defend and support Bitcoin.

The actors described in the following section are representative of this community of cyber hornets, and contribute to the global dissemination of Bitcoin tecnologie.

influenzatori

Influencers represent a group of thinkers, investors and entrepreneurs who have significant media coverage and habitually voice their opinions on Bitcoin. Bitcoin detractors regularly criticize the technology on both social and traditional media to discredito influencers. Others, like Michael Saylor and Jack Dorsey, who understood the impact Bitcoin will have on their companies, frequently praise its invention and are joined in their praise by global I leader aziendali. It may be difficult to quantify the long-term effects that influencers have on uptake of Bitcoin technologies, but debates around these new technologies help normalize them in the eyes and ears of the wider public.

A breve termine, tuttavia, questo tipo di promozione potrebbe anche avere un impatto negativo sulle percezioni del pubblico, come abbiamo visto sulla scia dei messaggi incoerenti sui social media di Elon Musk. A seguito di una serie di tweet dove l'imprenditore tecnologico ha preso di mira i modelli di consumo energetico della prova di lavoro, il prezzo del bene sperimentato forti variazioni (figura cinque).

Fan della tecnologia NGU

“Number go up” or “NGU,” is by far one of the most influential explanatory factors in Bitcoin adoption. In this scenario, newcomers drive the price of bitcoin up, while the increasing asset price attracts a new wave of investors, HODLers e i curiosi. Come mostrato nella figura XNUMX, i continui aumenti dei prezzi dall'inizio in poi producono "paura di perdersi" (FOMO), ovvero la paura di non essere inclusi in qualcosa che altri stanno vivendo.

La “tecnologia NGU” agisce come un messaggio di marketing efficiente, chiaro e autosufficiente. Nella figura 2018, l'evoluzione del numero di download di app di criptovalute coincide con i mercati rialzisti del 2020 e XNUMX e non c'è motivo di credere che questa relazione cambierà in futuro.

Most hyperbitcoinization scenarios are based on the mass adoption of Bitcoin by several types of players — individuals, businesses, cities and eventually countries — in a sequential way, with this mass adoption ultimately driving up the price of bitcoin.

La narrativa della tecnologia NGU è supportata da diversi modelli di prezzo basati sulla produzione fissa, nel caso di "S2F" e "Cicli di allungamento e rendimenti decrescenti”, o in base al consumo di energia, nel caso di “Bitcoin Valore energetico.'' In alternativa, attori come Mimesis Capital propongono un approccio che consiste nel valutare il prezzo dell'asset rispetto alla possibile quota di mercato totale che potrebbe essere catturata, come mostrato negli esempi di moneta M2 e ricchezza globale (figura sette).

Tutti questi modelli possono avere un effetto sulla percezione pubblica suggerendo un futuro aumento dei prezzi e rafforzando il messaggio della tecnologia NGU.

Educatori anonimi

Since the early years of Bitcoin, individuals initiating friends and family into the cryptocurrency world have been a key part of Bitcoin culture. Word of mouth led people to discover this open, decentralized, borderless and censorship-resistant currency. Over time, personal accounts have continued to grow as more structured initiatives have appeared alongside to evangelize those with inquiring minds.

I Bitcoin Beach community in El Salvador is one of the more prominent examples of this process. Although the community remained under the radar for some time, it was instrumental in El Salvador’s decision to adopt bitcoin as legal tender, thereby positioning the country at the forefront of financial innovation.

Ispirato da Bitcoin Beach, other initiatives have tried to replicate its enthusiasm in other communities. In Senegal, Bitcoin Developers Academy is aiming to train university students in the development of Bitcoin and Lightning Network applications by adapting the content and values of other BitcoinERS.

The notion of adaptation is crucial. The Bitcoin narrative is shaped by individuals imbued with predominantly Western values and for whom notions of individual freedom, privacy and self-sovereignty resonate. In many societies, il denaro è visto come un meccanismo per rafforzare le relazioni sociali all'interno del gruppo. In order to onboard new segments of the populations of Africa or Latin America, it is vital that the Bitcoin narrative be adapted to resonate with locals. Narratives centered around Bitcoin as a tool of individual freedom or means of privacy protection have done little to inspire imaginations in Eastern Africa. Instead, newcomers have grafted an alternative set of values onto Bitcoin that connect with the sense of community belonging encapsulated by the concept of Ubuntu, che viene spesso tradotto come "Io sono perché lo siamo".

If new users embrace the technology, their expectations will differ from those held by earlier adopters, and in response, the Bitcoin narrative, functionality and services will necessarily evolve. By introducing affidamento condiviso multisig nella sua Bitcoin beach wallet, Galoy gives another example of a necessary adjustment of the narrative in Central America, descrivendolo come:

“...una soluzione multifirma in cui le chiavi dei fondi conservati in celle frigorifere sono detenute da membri affermati della comunità locale. Questo modello riduce la dipendenza da aziende centralizzate al di fuori della comunità, riducendo al tempo stesso l’attrito tra i membri dell’onboarding nella rete”.

Adaptation of functions and educational content conveyed by Bitcoin in response to uptake in new cultural contexts will be a source of significant innovation and enrichment for the community as a whole.

Prospettive

Bitcoin As A Feedback Loop

Imparando Bitcoin is often a personal, intrinsically-motivated journey that encourages inquiry into a range of soggetti as varied as the monetary system, technology, economy and philosophy. In this sense, Bitcoin plays the role of a virtual tutor who cultivates a thirst for knowledge in its followers. Once convinced of the superiority of Bitcoin over alternative currencies, individuals develop behaviors that reflect the nature of this invention.

“You don’t change Bitcoin, ma Bitcoin changes you.”

-Max Keizer

The limited supply of Bitcoin has encouraged hoarding behaviors from several types of actors. Prior to 2016, bitcoin traded below $1,000 and therefore acquiring multiple coins was considered an attainable goal for many people in the developed world.

Fast forward to 2021, when the price of bitcoin has appreciated considerably, such that it has become onerous for newcomers to acquire an entire bitcoin. The result is that newcomers are incentivized to buy smaller fractions of bitcoin. The accumulation of satoshis or “stacking sats” is the most concrete example of this practice that has pushed an entire generation of newcomers to acquire bitcoin in a programmatic and methodical way, as demonstrated by the success of companies proposing DCA services or cashback rewards.

One of the consequences of newcomers’ propensity to maximize the share of bitcoin in their asset portfolios — and hence, savings — is that if enough newcomers share this strategy, their cumulative efforts could propel the price of bitcoin significantly higher and eventually kick-off hyperbitcoinizzazione.

For each new daily expense, Bitcoiners are faced with a choice of whether or not to spend. By spending, they deprive themselves of the possibility of buying more Bitcoins, while if they refrain from spending the money saved can be converted into satoshis. This behavior clearly indicates a preference for future reward over immediate superficial spending. In this way, Bitcoin has transformed people from consumers into savers and can be seen as a reference of value anchored in the mind of consumers in a way that supports prudence.

By privileging the essential over the superficial, the durable over the fragile, and the fruitful over the futile, Bitcoin stands poised to help our society respond to the economic, environmental and social crises we are facing. For the first time, the introduction of a currency whose existence is linked directly to a conversion of energy will allow us to systematically integrate energy not only into our currency, but into our economic model.

This sends a strong signal given that Bitcoin is a social movement under expansion. By being the first to incorporate energy into the economic system, Bitcoin could act as a feedback loop that puts an end to the superficial consumerist models permitted and sustained by fiat monetary systems.

Girato per la prosperità

Su larga scala Bitcoin adoption may seem like a remote possibility for some, but it has nevertheless become a full-fledged financial tool for an eclectic crowd. The West tends to view the countries from the Sud globale as lagging in terms of the latest technological innovations, but following a series of interviews, the authors of this article have come to believe that where Bitcoin is concerned, the level of technological sophistication surpasses that found in many developed countries.

 In the table above, case one depicts how Bitcoin adoption by low-income families resolves challenges that may be difficult for Western readers to understand. Yusuf Nessary, co-founder of the Costruito con Bitcoin Fondazione, ricorda che tali famiglie, a volte isolate dai grandi centri urbani, devono percorrere lunghe distanze per ricevere le rimesse in contanti inviate dai familiari. Viaggiare nella città più vicina non solo comporta una spesa significativa, ma significa anche rinunciare a una giornata di stipendio per le famiglie che vivono giorno per giorno. L'introduzione del pagamento digitale direttamente su un telefono cellulare può migliorare notevolmente la vita degli utenti eliminando i costi di viaggio verso la banca o il bancomat più vicini.

Cases two and three depict scenarios where individuals and businesses have embraced Bitcoin as a payment method in order to sell their products or services more smoothly and connect to the global economy (#paymeinbitcoin). In an interview with these authors, Bitcoin developer Fodé Diop anticipated that if the digital workforce in Senegal starts selling their services to foreign companies, capital injected into the country will reap benefits not only at the individual level, but also country-wide.

This analysis was shared by Nigerian Bitnob CEO Bernard Parah, who considers that bringing a viable payment solution in Nigeria would solve 50% of the problem and could ultimately help flatten the world, as he said in his own interview with these authors. Diop likewise lo prevede Bitcoin could disrupt or even put an end to the brain drain that has impacted emerging economies.

In contrasto con l'invecchiamento della società europea, le popolazioni dei paesi africani sono in gran parte composte da giovani di età inferiore ai 25 anni e mostrano una crescita demografica dinamica (figura otto). Se questi giovani continuano ad affrontare alti tassi di disoccupazione e scarse prospettive future, la situazione sociale ed economica potrebbe diventare esplosiva, soprattutto nei paesi con la più alta percentuale di giovani.

I casi sopra delineati sottolineano il potenziale del denaro ridotto al minimo per diventare un abilitatore di scambi sia a livello nazionale che internazionale e per aiutare scala della società umana poiché è universalmente interoperabile, non può essere svalutato o confiscato e può aggirare i vincoli del sistema bancario legacy e basato sulla fiducia.

La scala della libertà

Bitcoin can be seen as a polymorphic tool that adapts to the needs of each new user. Bitcoin as a privacy tool or means of self-sovereignty has been its predominant narrative, however self-sovereign identity (SSI) is a concept of the global “rich” that stands outside the reach of the 800 million people who do not have accesso all'elettricità, telefoni o connessione a Internet (figura nove).

“Ciò che ha funzionato nel mondo occidentale non rimarrà in Africa! Abbiamo bisogno di reinventare le narrazioni o mostrare narrazioni diverse”. 

–Fodè Diop

It should also be noted that the introduction of Bitcoin alone is not enough to lift the global population out of extreme poverty. Donations and development programs need to be coordinated with local agents of change, like those being carried out by the Built With Bitcoin Fondazione.

Basato sul concetto di "scala della sovranità” e successivamente elaborato da Anita Posch, below we depict the relationship between the potential threats and living conditions faced by individuals, groups of people and society, with the freedom that stands to be ushered in by Bitcoin. We generalized this concept beyond individual sovereignty because, as mentioned above, this concept still remains abstract to a large part of the population.

This “freedom ladder” illustrates how Bitcoin is poised to bring about a range of solutions that will make it possible to overcome numerous threats on an incremental basis. Although the level of threat faced by an individual living under the oppression of an authoritarian regime or for a group of migrants fleeing an economy ruined by inflation differs, Bitcoin provides solutions for a variety of situations.

The bottom of the ladder includes infrastructural requirements, as these basic needs should be addressed prior to considering access to Bitcoin.

Ci sono situazioni estreme che potrebbero costringere alcuni popolazioni saltare direttamente ai gradini più alti della scala della libertà per proteggersi da minacce improvvise e violente. Tuttavia, affinché un utente o un gruppo di persone capisca cosa implica l'autocustodia o una transazione anonima, è spesso necessario aver subito minacce esterne per un periodo di tempo più lungo, a volte in modo incrementale, proprio come un sistema immunitario innescato che può resistere meglio essere esposto ad attacchi esterni.

Conclusione

Bitcoin is a unique invention in many ways. Unlike the other great inventions of the modern era such as electricity, the computer or the internet, whose early adoption was initiated by either private companies or public institutions, Bitcoin has always targeted individuals: the marginalized and misfits of the system.

Bitcoin adoption is quiet and goes almost unnoticed by the mainstream agents of influence. Designed to scale by minimizing trust and eliminating dependency on third parties, it is difficult to obtain reliable aggregate data on the extent of Bitcoin adoption by a given country or a segment of the population. The permanent evolution of the protocol — of which Taproot è l'ultimo esempio: rafforza questo obiettivo di privacy e scalabilità e continuerà a rendere difficili i tentativi di analisi quantitativa.

Many questions remain unanswered about hyperbitcoinization and its micro- and macroeconomic consequences. This article attempted to identify emerging scenarios that may lead to hyperbitcoinization. However, it remains difficult to predict how these different scenarios will relate to one another, and at what speed they or any other possible scenarios may occur.

Many challenges remain to be solved before we see a broader adoption and, as Ray Youssef, CEO of Paxful, stated in an interview with these authors, it is crucial to relentlessly educate users, improve their experience and above all adapt the narrative to make Bitcoin più inclusivo.

This article sought to identify and categorize initiatives that could lead to hyperbitcoinization, thereby transmuting expectations into reality. Although the mere prospect of hyperbitcoinization has raised immense hopes for many people, at this time we are still far from realizing the transformative power of Bitcoin nelle nostre vite.

"Tendiamo a sopravvalutare l'effetto di una tecnologia nel breve periodo e a sottovalutare l'effetto a lungo termine". 

-La legge di Amara

In view of the dynamism of communities developing islands of resilience across the world, it is not hard to imagine how the voluntary actors of hyperbitcoinization will likely arise from grassroots initiatives, while governments and central banks — through their binding interventions — will unwittingly become its involuntary actors. This hypothesis resonates with the original vision of Bitcoin that it still carries to this day: a P2P electronic cash system.

Vorremmo esprimere la nostra gratitudine a Anita Posch, conduttrice del podcast “Anita Posch Show”; Yusuf Nessario, co-founder and director of the Built With Bitcoin Fondazione; Ray Youssef, CEO di Paxful; Fodé Diop, founder at Bitcoin Developers Academy; Bernard Para, CEO di Bitnob; Gael Sanchez Smith, autore di "Bitcoin Lo Cambia Todo”; and galoyil team di ´s per aver condiviso con noi intuizioni inestimabili durante le nostre interviste; ea Jennifer McCain per aver esaminato la leggibilità complessiva.

Riferimenti

Questo è un guest post di Fulgur Ventures. Le opinioni espresse sono interamente proprie e non riflettono necessariamente quelle di BTC, Inc. o Bitcoin Magazine.

Fonte originale: Bitcoin Magazine