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

By Bitcoin Časopis - pred 2 rokmi - Čas čítania: 22 minút
Pia, 14. januára 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 hyperbitcoinizácia.

Tento článok je druhá časť v sérii 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.

Prvý článok 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.

Tento druhý článok sa zameriava na pochopenie iniciatív typu zdola nahor, ktoré vykonávajú podniky, komunity a jednotlivci.

Scenáre zdola nahor

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 metodologický individualizmus, známy v rakúskej ekonomickej škole, ktorý spočíva vo vysvetľovaní rozsiahlych spoločenských javov na základe subjektívnych individuálnych konaní a motivácií.

Súkromná sféra

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

Prijatie podnikania

od začiatku 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 príbehy. 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 v priebehu času.

K dnešnému dňu môžeme tento trend rozdeliť do štyroch odlišných oblastí:

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.

Súkromná minca

Keď Meta (predtým Facebook) v roku 2019 oznámila, že spustí novú digitálnu menu, diem (pôvodne nazývaný „Libra“) tento krok zaskočil vlády aj finančné inštitúcie. Stabilná hodnota Diemu mala byť odvodená od koša fiat mien (americký dolár, euro, japonský jen, britská libra a singapurský dolár), čo by každému používateľovi Facebooku umožnilo posielať peniaze rovnako jednoducho a intuitívne ako posielanie správy.

Hoci ide v mnohých ohľadoch o príťažlivú myšlienku, v niektorých štvrtiach sa objavili obavy týkajúce sa dôvery spoločnosti, ktorá sa živí údajmi o používateľoch. Niektorí sa obávali, že Diem stelesňuje najhoršie peniaze a postupy ochrany osobných údajov. 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 faktor

Bitcoin is often considered a lepšia forma peňazí pretože spája významné zlepšenia z hľadiska prenosnosti, deliteľnosti alebo zameniteľnosti v porovnaní s minulými aj súčasnými formami peňazí spolu s radikálnym narušením odolnosti voči cenzúre a fixnej ​​ponuke. Jedným z aspektov, ktorý zostáva nedostatočne preskúmaný, sú transakčné náklady v ekonomike.

V priebehu storočí ľudia spolupracovali, aby minimalizovali transakčné náklady a efektívnejšie vyrábali to, čo nie sú schopní vyrobiť samostatne. The teória firmy Ronald Coase opisuje vzťah medzi internými a externými nákladmi. 

Keď sú externé transakčné náklady firmy vyššie ako interné transakčné náklady, firma porastie. Ak sú externé transakčné náklady nižšie ako interné transakčné náklady, spoločnosť sa zníži napríklad outsourcingom.

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 a Mastercard zvýšili svoje výmenné poplatky o takmer 1 %, čím ešte viac stlačili spodný zisk obchodníkov. To sa stalo aj v Kolumbii, kde obchodníci prestali používať debetné a kreditné karty, aby sa vyhli nadmerným poplatkom.

Inde môžu obchodníci, ktorí chcú znížiť výmenné a swipe poplatky, zvážiť aj iné platobné možnosti, ako napríklad Lightning Network, ako spôsob znižovanie nákladov. Poskytovatelia platobných služieb riskujú, že sa dostanú do špirály smrti, ktorú spustí zmenšujúca sa zákaznícka základňa, ktorá vyvíja tlak na ziskové marže a v konečnom dôsledku znižuje konkurencieschopnosť ich služieb. V súvislosti s rastúcimi nákladmi na dodržiavanie predpisov v bankovom a platobnom odvetví nemožno ignorovať pravdepodobnosť tohto scenára.

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 pohodlie a rýchlosť boli pre niektoré segmenty zákazníkov rovnako dôležité – ak nie viac – ako náklady. Pri pohľade na sofistikovaný proces posielania remitencií v Nigérii zistili, že celý proces sa skráti na 20 až 30 minút z niekoľkých dní, ktoré zvyčajne trvá posielanie bežných hotovostných remitencií. Aj keď 30 minút znie ako dlhá a bolestivá skúsenosť v dnešnom finančnom svete, predstavuje desaťnásobný zisk v porovnaní s peňažnými prevodmi.

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 objem transakcií v roku 2021 a predstaviť životaschopnú alternatívu k existujúcim platobným koľajniciam (pozri obrázok XNUMX).

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.

Tieto príklady s desaťnásobným faktorom zdôrazňujú úlohu transakčných nákladov, ale to neznamená zľahčovanie toho, ako musia ekosystémové startupy venovať pozornosť spoľahlivosti transakcií a celkovej používateľskej skúsenosti, najmä pokiaľ ide o služby vlastnej správy, ktoré sa líšia od služieb úschovy a ich služieb. procesy nastupovania diktované predpismi a dodržiavaním predpisov.

Širšia pozornosť verejnosti

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

Zatiaľ čo teoreticky veľryby a originálnych gangstrov (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 funkcia sklápania to, čo by ľuďom pomohlo posielať peniaze bez problémov, je názorným príkladom toho, ako môžu veľké spoločnosti sociálnych médií využiť dosah svojich sietí.

E-commerce companies could also play a major role in spreading Bitcoin použitie. Ako zdôraznil Tim Draperspotrebitelia už roky kupujú produkty nepriamo za kryptomeny, pričom najväčší počet platieb predstavuje nákup poukážok a darčekových kariet, ktoré možno uplatniť na platformách elektronického obchodu (obrázok 6).

A Rakuten case ponúka analógiu toho, ako rýchlo môže veľký aktér elektronického obchodu rozšíriť novú platobnú technológiu prostredníctvom svojej používateľskej základne. Tým, že umožňuje zákazníkom platiť kreditnou kartou a postupne zachytáva platby uskutočnené mimo ich vlastných platforiem, sa Rakuten časom stal jedným z najväčších vydavateľov kreditných kariet v Japonsku.

Finančný svet

Počas posledného desaťročia, 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 (ETFs) v Spojených štátoch alebo ako by mohlo pritiahnuť vytvorenie jasnejších predpisov biliónov dolárov 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 hyperbitcoinizácia.

However, El Salvador President Nayib Bukele's oznámenia vydať a 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 niekoľko prerušení v porovnaní s tradičnými dlhopisovými trhmi:

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 Ázijské tigre v šesťdesiatych rokoch minulého storočia.

Bitcoin komunitu

Rast 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.

Táto pestrá medzinárodná komunita nadšencov prezývaná „kybernetické sršne” 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 technológie.

ovplyvňujúce

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 diskreditáciu 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 podnikateľskej sféry. 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.

Z krátkodobého hľadiska však môže tento druh propagácie tiež negatívne ovplyvniť vnímanie verejnosti, ako sme videli po nekonzistentných správach Elona Muska na sociálnych sieťach. Po sérii tweety tam, kde sa technický podnikateľ zameral na modely spotreby energie v dôkaze o práci, na cenu zažitého aktíva silné variácie (obrázok päť).

Fanúšikovia technológie 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, držiaky a zvedavci. Ako je znázornené na obrázku 6, neustále zvyšovanie cien od počiatku vytvára „strach z premeškania“ (FOMO), čiže strach z toho, že nebudete zahrnutí do niečoho, čo zažívajú ostatní.

„Technológia NGU“ pôsobí ako efektívne, jasné a sebestačné marketingové posolstvo. Na obrázku 2018 sa vývoj počtu stiahnutí aplikácií pre krypto peňaženky zhoduje s býčími trhmi v rokoch 2020 a XNUMX a nie je dôvod veriť, že sa tento vzťah v budúcnosti zmení.

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.

Naratív technológie NGU je podporený niekoľkými cenovými modelmi založenými buď na fixnej ​​výrobe, v prípade „S2F"A"Predlžujúce sa cykly a znižujúce sa výnosy“ alebo na základe spotreby energie, v prípade „Bitcoin Energetická hodnota.'' 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).

Všetky tieto modely môžu mať vplyv na vnímanie verejnosti tým, že navrhujú budúce zvýšenie cien a posilňujú posolstvo technológie NGU.

Anonymní pedagógovia

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.

Inšpirovaný 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, peniaze sa považujú za mechanizmus posilňovania sociálnych vzťahov v rámci skupiny. 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, čo sa často prekladá ako „Som, pretože sme“.

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 multisig zdieľaná starostlivosť v jeho Bitcoin beach wallet, Galoy gives another example of a necessary adjustment of the narrative in Central America, označujúc ho ako:

“...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.

Perspektívy

Bitcoin As A Feedback Loop

Učíme sa Bitcoin is often a personal, intrinsically-motivated journey that encourages inquiry into a range of subjekty 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, Ale 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 hyperbitcoinizácia.

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.

Shot for Prosperity

Vo veľkom meradle 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 globálny juh 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 Postavené s Bitcoin Nadácia, pripomína, že takéto rodiny – niekedy izolované od veľkých mestských centier – musia cestovať na veľké vzdialenosti, aby dostali peňažné prevody zaslané rodinnými príslušníkmi. Cestovanie do najbližšieho mesta znamená nielen značné náklady, ale znamená to aj zrieknutie sa dennej mzdy pre rodiny, ktoré žijú zo dňa na deň. Zavedenie digitálnej platby priamo do mobilného telefónu môže výrazne zlepšiť život používateľov tým, že sa eliminujú náklady na cestovanie do najbližšej banky alebo bankomatu.

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

Na rozdiel od starnúcej spoločnosti v Európe je obyvateľstvo afrických krajín z veľkej časti zložené z mladých ľudí do 25 rokov a vykazuje dynamický demografický rast (obrázok XNUMX). Ak budú títo mladí ľudia naďalej čeliť vysokej miere nezamestnanosti a zlým vyhliadkam do budúcnosti, sociálna a ekonomická situácia by sa mohla stať výbušnou – najmä v krajinách s najvyšším podielom mladých ľudí.

Vyššie načrtnuté prípady podčiarkujú potenciál peňazí minimalizovaných dôverou stať sa nástrojom na obchodovanie na národnej aj medzinárodnej úrovni a pomôcť rozsah ľudskej spoločnosti keďže je univerzálne interoperabilný, nedá sa znehodnotiť ani skonfiškovať a dokáže obísť obmedzenia starého bankového systému založeného na dôvere.

Rebrík slobody

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 prístup k elektrine, telefóny alebo internetové pripojenie (obrázok deväť).

„To, čo fungovalo v západnom svete, sa v Afrike neudrží! Musíme znovu vynájsť príbehy alebo ukázať iné príbehy.“ 

-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 Nadácie.

Na základe konceptu „schodisko suverenity“ a neskôr spracoval 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.

Sú extrémne situácie, ktoré môžu niektorých prinútiť populácie skočiť priamo na najvyššie priečky rebríčka slobody, aby sa ochránili pred náhlymi a násilnými hrozbami. Avšak na to, aby používateľ alebo skupina ľudí pochopili, čo zahŕňa samospráva alebo anonymná transakcia, je často potrebné zažiť vonkajšie hrozby počas dlhšieho časového obdobia, niekedy postupne, podobne ako primovaný imunitný systém, ktorý dokáže lepšie odolávať vystavení vonkajším útokom.

záver

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 koreň je najnovším príkladom – posilňuje tento cieľ ochrany súkromia a škálovateľnosti a bude aj naďalej sťažovať pokusy o kvantitatívnu analýzu.

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 inkluzívnejšie.

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 v našich životoch.

"Máme tendenciu preceňovať účinok technológie v krátkodobom horizonte a podceňovať účinok v dlhodobom horizonte." 

-Amarov zákon

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.

Radi by sme vyjadrili našu vďaku Anita Posch, hostiteľ podcastu „Anita Posch Show“; Yusuf Nessary, co-founder and director of the Built With Bitcoin Nadácia; Ray Youssef, generálny riaditeľ spoločnosti Paxful; Fodé Diop, founder at Bitcoin Developers Academy; Bernard Parah, generálny riaditeľ spoločnosti Bitnob; Gael Sanchez Smith, autor knihy “Bitcoin Lo Cambia Todo”; and Halótím za zdieľanie neoceniteľných poznatkov počas našich rozhovorov; a Jennifer McCainovej za posúdenie celkovej čitateľnosti.

Referencie

Toto je príspevok hosťa od Fulgur Ventures. Vyjadrené názory sú úplne ich vlastné a nemusia nevyhnutne odrážať názory BTC, Inc. alebo Bitcoin časopis.

Originálny zdroj: Bitcoin časopis