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

By Bitcoin Revista - acum 2 ani - Timp de citire: 22 minute
Vineri, 14 ianuarie 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 hyperbitcoinizare.

Acest articol este a doua parte într-o 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.

Primul articol 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.

Acest al doilea articol își propune să înțeleagă inițiativele de tip de jos în sus realizate de întreprinderi, comunități și persoane.

Scenarii de jos în sus

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 individualism metodologic, cunoscută în școala austriacă de economie, care constă în explicarea unor fenomene sociale de amploare pe baza acțiunilor și motivațiilor individuale subiective.

Sferă privată

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

Adopția de afaceri

De la începuturi, 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 narațiuni. 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 peste orar.

Până în prezent, putem împărți această tendință în patru domenii distincte:

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.

Monedă privată

Când Meta (fostul Facebook) a anunțat în 2019 că va lansa o nouă monedă digitală, Diem (numită inițial „Balanta”), mișcarea a surprins deopotrivă guvernele și instituțiile financiare. Valoarea stabilă a lui Diem urma să fie derivată dintr-un coș de monede fiat (dolar american, euro, yen japonez, liră sterlină și dolar singaporean) care ar permite oricărui utilizator de Facebook să trimită bani la fel de ușor și intuitiv ca trimiterea unui mesaj.

Deși este o idee atrăgătoare din multe puncte de vedere, au fost ridicate preocupări în unele părți cu privire la încrederea într-o companie care se hrănește cu datele utilizatorilor. Unii se temeau că Diem va întruchipa cei mai răi bani și practicile de confidențialitate a datelor. 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.

10x factor

Bitcoin is often considered a o formă mai bună de bani deoarece combină îmbunătățiri semnificative în ceea ce privește portabilitatea, divizibilitatea sau fungibilitatea în comparație cu formele de bani trecute și prezente, împreună cu aducerea unor perturbări radicale în ceea ce privește rezistența la cenzură și furnizarea fixă. Un aspect care rămâne subexplorat este costurile de tranzacție asupra economiei.

De-a lungul secolelor, oamenii au cooperat pentru a minimiza costurile de tranzacție și pentru a produce mai eficient ceea ce nu sunt capabili să producă individual. The teoria firmei de Ronald Coase descrie relaţia dintre costurile interne şi cele externe. 

Atunci când costurile de tranzacție externe ale unei firme sunt mai mari decât costurile sale interne de tranzacție, compania va crește. Dacă costurile de tranzacție externe sunt mai mici decât costurile interne de tranzacție, compania se va reduce prin externalizare, de exemplu.

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 și Mastercard și-au crescut comisioanele interbancare cu aproape 1%, strângând și mai mult profitul comercianților. Acest lucru s-a întâmplat și în Columbia, unde comercianți a încetat să mai folosească cardurile de debit și de credit pentru a evita comisioanele excesive.

În altă parte, comercianții care doresc să reducă taxele de interschimbare și de trecere pot lua în considerare și alte opțiuni de plată, cum ar fi Lightning Network, ca mijloc de reducerea costurilor. Furnizorii de servicii de plată riscă să intre într-o spirală a morții inițiată de o bază de clienți în scădere, punând presiune asupra marjelor de profit și, în cele din urmă, fac serviciile lor mai puțin competitive. În contextul creșterii costurilor de conformare în industria bancară și a plăților, probabilitatea acestui scenariu nu poate fi ignorată.

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 comoditate si rapiditate au fost la fel de importante – dacă nu mai mult – decât costul pentru unele segmente de clienți. Analizând procesul sofisticat de trimitere a remitențelor în Nigeria, ei au stabilit că întregul proces va fi redus la 20 până la 30 de minute din câteva zile necesare de obicei pentru a trimite remitențe convenționale pe bază de numerar. Chiar dacă 30 de minute sună ca o experiență lungă și dureroasă în lumea financiară de astăzi, reprezintă un câștig de zece ori în comparație cu remitențele pe bază de numerar.

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 volumul tranzacțiilor în 2021 și să prezinte o alternativă viabilă la căile de plată existente (a se vedea figura patru).

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.

Aceste exemple de factori de zece ori evidențiază rolul costurilor de tranzacție, dar acest lucru nu este pentru a minimiza modul în care startup-urile din ecosistem trebuie, de asemenea, să acorde atenție fiabilității tranzacțiilor și experienței generale a utilizatorului, în special în ceea ce privește serviciile de auto-custodie care se diferențiază de serviciile de custodie și de serviciile lor. procesele de îmbarcare dictate de reglementări și conformitate.

Atenția publicului mai larg

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

În timp ce, în teorie, balene și gangsteri 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 functie de basculare care i-ar ajuta pe oameni să trimită bani fără fricțiuni este o ilustrație a modului în care marile firme de social media ar putea profita de acoperirea rețelelor lor.

E-commerce companies could also play a major role in spreading Bitcoin utilizaţi. As Tim Draper pointed out, consumatorii cumpără deja produse indirect cu criptomonede de ani de zile odată cu achiziționarea de vouchere și carduri cadou răscumpărate pe platformele de comerț electronic reprezentând cel mai mare număr de plăți (figura șase).

A Rakuten Case oferă o analogie cu cât de repede un actor mare de comerț electronic poate extinde o nouă tehnologie de plată prin baza sa de utilizatori. Permițând clienților să plătească cu cardul de credit și captând treptat plățile efectuate în afara propriilor platforme, de-a lungul timpului Rakuten a devenit unul dintre cei mai mari emitenți de carduri de credit din Japonia.

Lumea financiară

In ultima decada, 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-uri) în Statele Unite, sau cum ar putea atrage crearea unor reglementări mai clare trilioane de dolari 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 hyperbitcoinizare.

However, El Salvador President Nayib Bukele's anunț a emite 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 mai multe perturbări în comparație cu piețele tradiționale de obligațiuni:

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 Tigrii asiatici în anii 1960.

Bitcoin Comunitate

Creșterea 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.

Această comunitate internațională pestriță de entuziaști supranumită „cyber hornets” 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 tehnologii.

influențatori

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 discredita 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 lideri de afaceri. 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.

Pe termen scurt, însă, acest tip de promovare poate avea un impact negativ și asupra percepțiilor publice, așa cum am văzut în urma mesajelor inconsecvente ale lui Elon Musk pe rețelele sociale. În urma unei serii de tweets în cazul în care antreprenorul în tehnologie a vizat modelele de consum de energie ale dovezii de muncă, prețul activului experimentat variatii puternice (figura cinci).

Fani de tehnologie 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 și curioșii. După cum se arată în figura șase, creșterea continuă a prețurilor de la început încoace produce „frica de a pierde afară” (FOMO), adică teama de a nu fi inclus în ceva pe care alții se confruntă.

„Tehnologia NGU” acționează ca un mesaj de marketing eficient, clar și auto-susținut. În figura șase, evoluția numărului de descărcări de aplicații criptomonede coincide cu piețele bull din 2018 și 2020 și nu există niciun motiv să credem că această relație se va schimba în viitor.

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.

Narațiunea tehnologiei NGU este susținută de mai multe modele de preț bazate fie pe producție fixă, în cazul „S2F"Și"Cicluri de prelungire și randamente în scădere”, sau pe baza consumului de energie, în cazul „Bitcoin Valoare energetică.'' Alternatively, actors such as Mimesis Capital propose an approach that consists of evaluating the asset price relative to the possible total market share that could be captured as shown in the M2 money and global wealth examples (figure seven).

Toate aceste modele pot avea un efect asupra percepției publice, sugerând o viitoare creștere a prețurilor și prin consolidarea mesajului tehnologiei 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.

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.

Inspirat de 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, banii sunt priviți ca un mecanism de consolidare a relațiilor sociale în cadrul grupului. 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, care este adesea tradus prin „Eu sunt pentru că suntem”.

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 custodia comună multisig În Bitcoin beach wallet, Galoy gives another example of a necessary adjustment of the narrative in Central America, descriindu-l ca:

“...a multi signature solution where the keys for the funds in cold storage are held by established members of the local community. This model reduces reliance on centralized companies outside of the community while also reducing friction of onboarding members to the network.”

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.

Perspective

Bitcoin As A Feedback Loop

Învățând despre Bitcoin is often a personal, intrinsically-motivated journey that encourages inquiry into a range of subiecții 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.

„Tu nu te schimbi Bitcoin, Dar 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 hyperbitcoinizare.

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.

Împuşcat pentru prosperitate

Scară largă 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 Sudul global 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 Construit cu Bitcoin Fundație, reamintește că astfel de familii – uneori izolate de marile centre urbane – trebuie să călătorească pe distanțe lungi pentru a primi remitențe în numerar trimise de membrii familiei. Călătoria în cel mai apropiat oraș nu implică doar cheltuieli semnificative, dar înseamnă și renunțarea la salariul unei zile pentru familiile care trăiesc zilnic. Introducerea plății digitale direct pe un telefon mobil poate îmbunătăți dramatic viața utilizatorilor prin eliminarea costurilor de călătorie la cea mai apropiată bancă sau bancomat.

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 prezice asta Bitcoin could disrupt or even put an end to the brain drain that has impacted emerging economies.

Spre deosebire de societatea europeană îmbătrânită, populațiile țărilor africane sunt în mare parte compuse din tineri sub 25 de ani și prezintă o creștere demografică dinamică (figura opt). Dacă acești tineri continuă să se confrunte cu rate ridicate ale șomajului și perspective precare de viitor, situația socială și economică ar putea deveni explozivă, în special în țările cu cele mai mari proporții de tineri.

Cazurile schițate mai sus subliniază potențialul banilor minimizați de încredere de a deveni un facilitator al tranzacțiilor atât la nivel național, cât și internațional și de a ajuta scara societăţii umane deoarece este universal interoperabil, nu poate fi devalorizat sau confiscat și poate ocoli constrângerile sistemului bancar moștenit, bazat pe încredere.

Scara Libertății

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 acces la electricitate, telefoane sau conexiune la internet (figura nouă).

„Ceea ce a funcționat în lumea occidentală nu va rămâne în Africa! Trebuie să reinventăm narațiunile sau să arătăm narațiuni diferite.” 

– Fodé 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 Fundația.

Pe baza conceptului de „scara suveranității” și elaborat ulterior de 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.

Există situații extreme care îi pot forța pe unii populații să sară direct la treptele cele mai înalte ale scării libertății pentru a se proteja de amenințările bruște și violente. Cu toate acestea, pentru ca un utilizator sau un grup de persoane să înțeleagă ce implică auto-custodia sau tranzacția anonimă, este adesea necesar să fi experimentat amenințări externe pe o perioadă mai lungă de timp, uneori progresiv, la fel ca un sistem imunitar amorsat care poate rezista mai bine. fiind expus unui atac extern.

Concluzie

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 este cel mai recent exemplu — consolidează acest obiectiv de confidențialitate și scalabilitate și va continua să provoace încercările de analiză cantitativă.

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 mai incluziv.

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 in vietile noastre.

„Tendim să supraestimăm efectul unei tehnologii pe termen scurt și să subestimăm efectul pe termen lung.” 

-legea lui 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.

Dorim să ne exprimăm recunoștința față de Anita Posch, gazda podcastului „Anita Posch Show”; Yusuf Nessary, co-founder and director of the Built With Bitcoin Fundație; Ray Youssef, CEO al Paxful; Fodé Diop, founder at Bitcoin Developers Academy; Bernard Parah, CEO al Bitnob; Gael Sanchez Smith, autorul „Bitcoin Lo Cambia Todo”; and Galoyechipa lui pentru că a împărtășit cu noi informații neprețuite în timpul interviurilor noastre; și lui Jennifer McCain pentru revizuirea lizibilității generale.

Referinte

Aceasta este o postare invitată de Fulgur Ventures. Opiniile exprimate sunt în întregime proprii și nu le reflectă neapărat pe cele ale BTC, Inc. sau Bitcoin Revistă.

Sursă originală: Bitcoin Revistă