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Author Topic: Bitcoin Paradigm  (Read 701 times)
Michele1940
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June 23, 2011, 04:26:56 PM
 #1

This is a comment I have made on a Blog


" A Paradigm Shift ". This is the most suitable definition for what is actually going on in the "global village".

But I have something to say about the fact that Bitcoin is a paradigm itself.

For those who are not familiar with the word Paradigm:

A Paradigm is a pattern or model, and if it is later discarded and a different pattern or
model replaces it, we call this process a “paradigm shift.” An example of this is
the Ptolemaic system of the universe in which the earth is at the center of the solar
system, which was replaced by the heliocentric system of Copernicus.

Let's make it more simple.

There is something established that we take for granted. We keep on using it every day. By time we realize that there are some anomalies. If we stop thinking and we analyze these anomalies, we would eventually come to the conclusion that what was taken for granted is wrong and that there is a different way of doing.

The actual "shift" happens when the majority of the people agrees on the new way of doing which of course needs to be demonstrated to be true and workable.

It is worth noticing that The Ptolemaic paradigm of the universe was not replaced so much
by the fact that it was wrong but by the fact that anomalies observed eventually caused the entire paradigm to shift to a new one. A new pattern or model.

Therefore, the way financial transactions are carried out today is our Pattern and observations shows that there are anomalies. But this does not means that the old pattern is wrong at all!! It simply means that nowadays (and only nowadays ), transactions can be done in a different and more efficient way. Thus, we have the paradigm shift.

Bitcoin being merely a tool that might implement the shift.

It is my opinion that the shift might occur but not in the near future and that Bitcoin "economy" needs several adjustments before it could become a catalyst in this contest.

Signed: Twitter @Michele1940

Signed: Twitter @Michele1940 Blog: pointapp.blogspot.com ; http://twitpic.com/photos/Michele1940
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Michele1940
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June 23, 2011, 04:33:33 PM
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forgot to add my blog pointapp.blogspot.com

Signed: Twitter @Michele1940 Blog: pointapp.blogspot.com ; http://twitpic.com/photos/Michele1940
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