The blockchain as a whole is also a step forward to Globalization, accept it?

[01BTC]

Thinking further and further for the next 10 - 20 years maybe even more, let's say the FIAT will lose field and blockchain will get the main sistem all arround the globe.

Do you agree that this will also mean a Globalization of all nations?

Will we be able to sustain this descentralization at such a scale?

[1715111948]

1715111948

[1715111948]

1715111948

[1715111948]

1715111948

[alegotardo]

Governments will not give up their power over money.
Its already happening... governments are creating their own cryptocurrencies (but regulated).
Paper money may even end, but the power of governments over money maybe not.

[nitrousteam]

More widely used blockchain can provide the opportunity to wast amount of masses( billions of people) to make better chances in entering the global economy. This can be achieved through the financial inclusion and strengthening the property rights. World poorest people will remove bonds from their cash limits in the grey economy.

Everything would be globally implemented. That means that the payment, store value, and credit could be accessed globally. True sharing economy can be created in which the creators of the value actually share their wealth from the platforms they create.

Globalization is - must accept option because it will lead us to the new opportunities that mustn't be thrown away.

[mOgliE]

Hi,

Actually, I think it would be great. It would mean that we get rid of concepts such as "countries" and "frontiers" just because they wouldn't mean anything at all.

I guess it could be possible, with local "authorities" (board composed of people) to make decisions for local needs (schools, hospitals, etc) and otherwise... Well, we would be able to travel and make exchanges and transactions with anyone.

That would be great!

[AnonBitCoiner]

Governments will not give up their power over money.
Its already happening... governments are creating their own cryptocurrencies (but regulated).
Paper money may even end, but the power of governments over money maybe not.

Always bitcoin try to control the people by the name of money.Since paper currency is made by government,it will support paper currency.Now the bitcoin is growing in good manner,very soon we can expect Fiat is replaced by bitcoin. I had accept your point and globalisation of bitcoin is started .

[drwhobox]

Thinking further and further for the next 10 - 20 years maybe even more, let's say the FIAT will lose field and blockchain will get the main sistem all arround the globe.

Do you agree that this will also mean a Globalization of all nations?

Will we be able to sustain this descentralization at such a scale?

Govenments would not even remove Fiat to their country for some reasons.
-Crypto market is really vollatile
-Making things decentralized is bad for Government
- adopting for cash less payments might take time.

But if they would take Bitcoin as their currency
-They would make crypto to fiat exchanges regulated and centralized. (This can be bad for holders the gov might tax them from converting crypto to fiat.)

[Shrinath]

Yes, according t0 me, it is part of the globalization with cryptocurrency and hope it won’t be the last step of globalization. Last month, global leaders in business, government, media, and technology made their annual pilgrimage to Davos, Switzerland, for the World Economic Forum’s annual event. The tranquil mountains surrounding the city stood in sharp contrast to the swirling populist storm that is now transforming geopolitics.  Growth helps you get started without any hassles. Start with small amounts and withdraw anytime. The decentralized blockchain empower individuals and local communities, creates opportunities and enables connection across borders without requiring users to sacrifice individual autonomy or privacy. Individuals can own their own identities and personal data, do transactions, and create and exchange value peer-to-peer. If the blockchain becomes more widely used, billions of marginalized people will have a better chance of entering the global economy through financial inclusion and the strengthening of property rights.