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Author Topic: Are cyoptoeconomics changing economic theory?  (Read 367 times)
GreatOrchid
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November 19, 2017, 05:49:59 PM
 #21

It really depends on the way that you are looking at it, it is all a different perspective for a lot of people.
But i think that it is really happening at the moment, just look at all those companies who are now investing in bitcoin, ar least, speculating with it.
There are everytime more of those companies, just like it happened with goldman sachs, jamie dimon, all those guys/companies really wanted to dump bitcoin in order to be able to jump to the train in a better position (dumping the price to buy cheap)
it means that they are really interested, and the whole economic system would be changing soon.
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Altas
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November 19, 2017, 06:01:22 PM
 #22

The economic theory of countries will change based on the adoption happening with time. When more countries adopt similar to that of Japan surely a good progress can be felt in the economy. Recently such a change was experienced in Zimbabwe as the country is facing a big collapse in the economy.
greeklogos
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November 19, 2017, 06:12:13 PM
 #23

No, it does not change economic theory but in fact follows it and it is not something new because modernization is what a country wants to achieve. Maybe there will be changes in monetary sector and how assets would be trade in the near future because of blockchain technology.
I also do not think that digital currencies and all those things around them change economic theory, but they definitely add new things in it which were not known before. That is a clear evolution of all financial system. Bitcoin learnt in some schools already, but I think soon it will be added in all economic books and lectures.
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November 19, 2017, 06:23:43 PM
 #24

What do you think cryotocurrencies will do the current economical environment we have today? Tokenization is a way to digitalise assets, and this might force us to rethink value, as it is perceived today.
What is your opinion on this?
Bitcoin opened the way how we evaluate something which has limited number of total asset circulation in a given currency and now we have more than thousand of coins and tokens in circulation in the digital market and it is making some waves in the global market and i am sure it will have a huge impact in ten years time as it would evaluation along with the stock market valuations and for that to happen we need to see more investments coming in .

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Direwolve735
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December 15, 2017, 10:13:43 AM
 #25

I think we all need to prepare for a new economic reality, which is bound to come. It is necessary to be ready for a new world with a cyber economy. The technology of crypto currency is that, by eliminating the need for an intermediary, it supports an infrastructure in which strangers can conduct business with each other. This can reduce the costs of doing business, as well as exclude corruption that existed in the intermediary structures and among politicians. An open accounting register used by crypto-currencies brings to the surface an internal mechanism for the functioning of the economic and political system, previously hidden behind the centralized financial institutions.
dali_masmoudi
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December 15, 2017, 10:32:04 AM
 #26

No body can denies that economy theories are very important even the old ones are benefecial for us and we can learn from them how to react in case of crysis.
But having therios for Bitcoin needs a lot of research which is absent because most of users are not specialists in economics. Someone has to study every detail in the history of all cyrptocurrencies and espacially Bitcoin in order to get with a conclusion which can helps the community.
Ps : it does not needs many specialists to do it to have many point of views.     
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December 15, 2017, 11:23:18 AM
 #27

"Tokenization" is the changes of digital assets, instead of their own country currency symbols, but the economic theory is not changed, because a digital assets is already exist long time ago and its already used. this crypto-economics is our new method as new a form of digital assets to be use in our modern society.
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December 15, 2017, 11:43:15 AM
 #28

In fact, if you look at a certain part of the economy is traveling in Forex or stock market, these virtual money or people who can be transferred have made great investments, especially  China has built big factories for mining  in this way and they are pursuing to create big and economical people People are making new investments Of course, is also growing.
Julia_KA
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December 15, 2017, 11:46:13 AM
 #29

Hi,

Crypto-currencies are definitely a huge challenge for economists and economic theories.

In most theories, the basis is about "pure and perfect" market and competition. This cannot be true for bitcoin! Plus, the bitcoin can be created only in limited quantity. So people/governments and so on can no longer play with it, creating or destroying bills and coins, in order to make its value change.

Business schools are, sadly enough, far from questonning these issues for the moment but it would truly be an interesting matter!
Normally economic theory follows and explains the developments that happen. So there is a certain time lag between an economic phenomenon and an economic theory/model explaining it. I'm sure it will come sooner or later.
micleeiu398
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December 18, 2017, 08:42:38 AM
 #30

In fact, if you look at a certain part of the economy is traveling in Forex or stock market, these virtual money or people who can be transferred have made great investments, especially  China has built big factories for mining  in this way and they are pursuing to create big and economical people People are making new investments Of course, is also growing.
The trend in the whole is changing very much significantly as all the crypto currencies are realty making a very good reputation in the international market. The way all the crypto currencies are making their name is a proof of this thing that the dynamics of this world will be changes in no time. People will start moving towards digital currencies which in turn will help the economy in better way.
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