Bitcoin is...

[BTCIndia]

Forced Globalization.

Globalization largely depends on technology. In 1800's it was invention of stem engine and refrigeration that gave push to globalization. Then, telegraph and railways took it to another level. In 1970's another wave of globalization came with invention of 'shipping container' (Yeah! Its shipping container)which gave another impetus to globalization.Technology alone is not responsible for globalization. It also requires political patronage. We've seen developed countries giving this innovation a patronage. Right? And thereafter came globalization of information with the advent of internet whose impact needs not explained. Since 2008 economic meltdown, government worldwide have turned towards 'protectionist' economy or call it 'gated globe' specially Latin America and Asian countries and developed countries are trying to bring them back on the track of Liberalization. How do feeble government manage their protectionist attitude? By controlling the flow of money and goods. When you control money, goods is automatically controlled. If I was student of Chicago School on proponent of free economy then, I'd have for sure contemplated or question, how can we create truly global money because, I'm proponent of 'Free Market'... just opposite to current situation, where I'm contemplating how to resist 'global money.'

Maybe, I'm at wrong place to discuss. But, if you for a nano-second agree to my ideology then, how can you at least resist global money in India or third world countries?

[fp]

Nobody is forcing anyone to use Bitcoin. Different people have different motivations for using it. Some use it for making money, some use it to be free from government restrictions on money transfers, some people use it to protect their privacy when making embarassing purchases, some use it because they don't like their purchases profiled by numerous companies they'll never hear about, some use it for political purposes and so on. The free market will decide its future. The government will try their best to regulate it but they'll fail because you can't put handcuffs on an invisible hand. Globalization can be the result of widespread adoption of new technologies but it's not necessarily the intent.

[nandubatchu]

It is called as Global Independence movement. Agreed?