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

By Bitcoin Majalah - 2 sababaraha taun ka pengker - Waktos Bacaan: 22 menit
Jum, 14 Januari 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 hyperbitcoinisasi.

Artikel ieu mangrupa bagian kadua dina séri 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.

Artikel kahiji 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.

Artikel kadua ieu boga tujuan pikeun ngarti kana inisiatif tipe handap-ka luhur anu dilaksanakeun ku usaha, komunitas sareng individu.

Skenario Bottom-Up

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 individualisme metodologis, well-dipikawanoh di sakola Austria ékonomi, nu diwangun dina ngajelaskeun fenomena sosial skala badag dumasar kana lampah individu subjektif jeung motivations.

Sphere Pribadi

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

Usaha Nyoko

Since inception, 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 naratif. 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 langkungna Waktos.

Nepi ka ayeuna, urang tiasa ngabagi tren ieu kana opat daérah anu béda:

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.

koin swasta

Nalika Meta (baheulana Facebook) ngumumkeun dina 2019 yén éta bakal ngaluncurkeun mata uang digital énggal, Diem (asalna disebut "Libra"), gerakan éta nyepeng pamaréntah sareng lembaga keuangan sami-sami. Nilai stabil Diem kedah diturunkeun tina karanjang mata uang fiat (dolar AS, euro, yen Jepang, pound Inggris sareng dolar Singapura) anu ngamungkinkeun para pangguna Facebook ngirim artos kalayan gampang sareng intuitif sapertos ngirim pesen.

Sanaos ide anu pikaresepeun dina sababaraha cara, kasalempang sababaraha pihak ngeunaan percanten ka perusahaan anu nyayogikeun data pangguna. Sababaraha sieun Diem bakal embody nu awon duit na prakték privasi data. 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 formulir hadé duit sabab ngagabungkeun perbaikan signifikan dina hal portability, divisibility atanapi fungibility lamun dibandingkeun duanana bentuk duit baheula jeung ayeuna, babarengan jeung bringing gangguan radikal dina watesan lalawanan kana sénsor jeung suplai tetep. Hiji aspék anu tetep underexplored nyaéta biaya transaksi on ékonomi.

Ngaliwatan abad, jalma geus cooperated pikeun ngaleutikan waragad transaksi sarta ngahasilkeun leuwih éfisién naon maranéhna teu bisa ngahasilkeun individual. The téori pausahaan ku Ronald Coase ngajelaskeun hubungan antara waragad internal tur éksternal. 

Nalika biaya transaksi éksternal perusahaan langkung luhur tibatan biaya transaksi internal, perusahaan bakal tumbuh. Upami biaya transaksi éksternal langkung handap tina biaya transaksi internal perusahaan bakal ngirangan ku outsourcing, contona.

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 sareng Mastercard ngaronjat waragad silih tukeur maranéhna ku ampir 1%, squeezing garis handap padagang 'malah salajengna. Ieu ogé geus lumangsung di Kolombia, dimana padagang dieureunkeun ngagunakeun kartu debit jeung kiridit pikeun nyingkahan waragad kaleuleuwihan.

Di tempat sanés, padagang anu hoyong ngirangan biaya pertukaran sareng gesek, ogé tiasa nganggap pilihan pamayaran sanés sapertos Lightning Network salaku sarana ngurangan waragad. Panyadia jasa pamayaran résiko asup kana spiral maot anu diprakarsai ku basis palanggan anu nyusut nempatkeun tekanan dina margin kauntungan sareng pamustunganana ngajantenkeun jasana kirang kompetitif. Dina kontéks ningkatkeun biaya patuh dina industri perbankan sareng pamayaran, kamungkinan skenario ieu teu tiasa dipaliré.

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 genah tur speed éta salaku penting - lamun teu leuwih ti kitu - ti ongkos pikeun sababaraha bagéan customer. Ningali prosés canggih ngirim kiriman duit di Nigeria, aranjeunna nangtukeun yén sakabéh prosés bakal diréduksi jadi 20 nepi ka 30 menit ti sababaraha poé nu ilaharna diperlukeun pikeun ngirim kiriman tunai basis konvensional. Sanaos 30 menit sapertos pangalaman anu panjang sareng nyeri dina dunya kauangan ayeuna, éta ngagambarkeun kauntungan sapuluh kali lipet dibandingkeun sareng kiriman artos.

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 transaksi di 2021 sarta nampilkeun alternatif giat pikeun rel pembayaran aya (tingali gambar opat).

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.

Conto faktor sapuluh kali lipet ieu nyorot peran biaya transaksi, tapi ieu sanés pikeun ngirangan kumaha ngamimitian ékosistem ogé kedah merhatikeun réliabilitas transaksi sareng pangalaman pangguna sacara umum, khususna ngeunaan jasa hak asuh anu ngabédakeun tina jasa kustodian sareng aranjeunna. prosés onboarding didikte ku pangaturan sarta patuh.

Perhatosan Umum anu langkung lega

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

Sedengkeun dina tiori, paus jeung gangster aslina (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 fungsi tipping nu bakal nulungan urang ngirim duit frictionlessly mangrupa illustrative kumaha badag firms média sosial bisa ngungkit jangkauan sahiji jaringan maranéhanana.

E-commerce companies could also play a major role in spreading Bitcoin make. Salaku Tim Draper nunjuk kaluar, pamakéna geus geus meuli produk teu langsung kalawan cryptocurrencies pikeun taun kalayan meuli voucher jeung kartu kado redeemable on platform e-commerce ngalambangkeun jumlah pangbadagna pangmayaran (angka genep).

A Rakuten Kasus nawiskeun analogi kumaha gancang aktor e-commerce ageung tiasa skala téknologi pamayaran énggal ngalangkungan pangkalan pangguna. Ku ngamungkinkeun para nasabah mayar ku kartu kiridit, sarta saeutik demi saeutik nangkep pangmayaran anu dilakukeun di luar platformna sorangan, kana waktosna Rakuten parantos janten salah sahiji penerbit kartu kiridit panggedéna di Jepang.

Dunya Keuangan

Dina dékade panungtungan, 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) di Amérika Serikat, atanapi kumaha kreasi peraturan anu langkung jelas tiasa narik trillions tina dollar 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 hyperbitcoinisasi.

However, El Salvador President Nayib Bukele's bewara pikeun ngaluarkeun 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 sababaraha gangguan dibandingkeun sareng pasar obligasi tradisional:

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 Macan Asia taun 1960-an.

nu Bitcoin masarakat

Tumuwuhna tina 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.

Komunitas peminat internasional ieu julukan "cyber tanduk” 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 téknologi.

Pangaruh

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 diskriminasi 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 pamingpin bisnis. 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.

Dina jangka pondok, kumaha ogé, promosi sapertos kitu ogé tiasa mangaruhan négatip kana persepsi masarakat, sapertos anu urang tingali dina hudang olahtalatah média sosial Elon Musk anu teu konsisten. Handap runtuyan tweets dimana pangusaha téknologi nargétkeun pola konsumsi énergi pikeun bukti gawé, harga aset anu dialaman variasi kuat (gambar lima).

NGU Téhnologi Fans

“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 jeung panasaran. Ditémbongkeun saperti dina gambar genep, kanaékan harga kontinyu ti awal jeung saterusna ngahasilkeun "sieun leungit kaluar," (FOMO) nyaeta, sieun teu kaasup dina hal anu batur ngalaman.

"Teknologi NGU" tindakan minangka pesen pamasaran anu épisién, jelas sareng mandiri. Dina angka genep, évolusi jumlah unduhan aplikasi dompét crypto pas sareng pasar bula 2018 sareng 2020 sareng teu aya alesan pikeun yakin yén hubungan ieu bakal robih ka hareup.

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.

Narasi téknologi NGU dirojong ku sababaraha modél harga dumasar kana produksi tetep, dina kasus "S2F"Jeung"Manjangkeun Siklus Sareng Ngurangan Pangulangan," atawa dumasar kana konsumsi énergi, dina kasus "Bitcoin Niley énergi.'' 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).

Sadaya model ieu tiasa gaduh pangaruh kana persépsi masarakat ku ngasongkeun kanaékan harga ka hareup sareng ku nguatkeun pesen téknologi NGU.

Pendidik Anonim

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.

nu 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.

diideuan ku Bitcoin Beach, other initiatives have tried to replicate its enthusiasm in other communities. In Sénégal, 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, duit ditempo salaku mékanisme pikeun strengthening hubungan sosial dina grup. 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, nu mindeng ditarjamahkeun jadi, "Kuring sabab kami".

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 dibagikeun dijagaan di na Bitcoin beach wallet, Galoy gives another example of a necessary adjustment of the narrative in Central America, ngajéntrékeun salaku:

“...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.

perspéktif

Bitcoin As A Feedback Loop

diajar ngeunaan Bitcoin is often a personal, intrinsically-motivated journey that encourages inquiry into a range of subjék 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, tapi 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 hyperbitcoinisasi.

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.

Ditémbak Pikeun Kamakmuran

Skala ageung 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 global Kidul 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 Diwangun Jeung Bitcoin pandemen, Recalls yén kulawarga sapertos - di kali terasing ti puseur kota utama - kudu ngarambat jarak jauh pikeun nampa remittances basis tunai dikirim ku anggota kulawarga. Iinditan ka kota pangdeukeutna teu ngan incurs expense signifikan, tapi ogé hartina forgoing gajih sapoé pikeun kulawarga anu hirup dinten ka poé. Pangenalan pamayaran digital langsung ka telepon sélulér tiasa sacara dramatis ningkatkeun kahirupan pangguna ku ngaleungitkeun biaya perjalanan ka bank atanapi ATM anu caket.

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

Kontras jeung masarakat sepuh Éropa, populasi nagara-nagara Afrika sabagéan ageung diwangun ku nonoman di handapeun umur 25 taun sareng nunjukkeun pertumbuhan demografi dinamis (angka dalapan). Upami pamuda ieu terus nyanghareupan tingkat pangangguran anu luhur sareng prospek masa depan anu goréng, kaayaan sosial sareng ékonomi tiasa ngabeledug - khususna di nagara-nagara anu proporsi nonoman paling luhur.

Kasus-kasus anu digambar di luhur ngagariskeun poténsi artos anu diminimalkeun kapercayaan pikeun janten panyaluran perdagangan boh nasional sareng internasional, sareng ngabantosan. skala masarakat manusa sabab sacara universal interoperable, teu bisa devalued atawa nyita, sarta bisa bypass konstrain tina warisan, sistem perbankan dumasar-percanten.

Tangga Merdika

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 aksés kana listrik, telepon atawa sambungan internét (angka salapan).

"Anu parantos damel di dunya Kulon moal nempel di Afrika! Urang kedah nyiptakeun deui narasi atanapi nunjukkeun narasi anu béda. 

– 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 Yayasan.

Dumasar kana konsep "tangga kadaulatan” teras diémbarkeun ku 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.

Aya kaayaan ekstrim nu bisa maksa sababaraha populasi luncat lempeng ka tangga pangluhurna kamerdikaan pikeun ngajaga diri tina ancaman ngadadak tur telenges. Nanging, pikeun pangguna atanapi sakelompok jalma ngartos naon anu kalebet hak asuh atanapi transaksi anonim, sering kedah ngalaman ancaman éksternal dina waktos anu langkung lami, sakapeung sacara bertahap, sapertos sistem imun prima anu tiasa tahan langkung saé. keur kakeunaan serangan éksternal.

kacindekan

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 Tapak akar mangrupa conto panganyarna - reinforces privasi sarta scalability tujuan ieu sarta bakal neruskeun nyieun usaha pikeun analisis kuantitatif nangtang.

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 more inclusive.

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 dina kahirupan urang.

"Urang condong overestimate pangaruh téhnologi dina jangka pondok tur underestimate pangaruh dina jangka panjang." 

-hukum 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.

Simkuring hoyong nganyatakeun sukur urang ka Anita Posch, host tina podcast "Anita Posch Show"; Yusuf Nesari, co-founder and director of the Built With Bitcoin Yayasan; Ray Youssef, CEO Paxful; Fodé Diop, founder at Bitcoin Developers Academy; Bernard Parah, CEO Bitnob; Gael Sanchez Smith, panulis "Bitcoin Lo Cambia Todo”; and GaloyTim pikeun ngabagikeun sareng kami wawasan anu berharga salami wawancara; jeung Jennifer McCain pikeun reviewing readability sakabéh.

Rujukan

Ieu mangrupikeun pos tamu ku Fulgur Ventures. Pamadegan dikedalkeun sagemblengna sorangan sarta teu merta ngagambarkeun pamadegan BTC, Nyarita atawa Bitcoin majalah.

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