aeonflux-3D
  • Home Page
  • About us
    • What we do
    • Aeon FLux cosa facciamo
  • Services
    • Gold Service
  • News
  • Tokens
    • Token Gold Plus ITA
    • Token Gold Plus – EN
    • White Paper Aeon Flux Gold PLUS
    • White Paper Big Taurus CLUB
    • White Paper Aeon Flux Gold 100
  • Contact
  • Client Area
  • en_GBEnglish
    • fr_FRFrench
    • pt_BRPortuguese
    • ru_RURussian
    • zh_CNChinese
    • arArabic
    • es_ESSpanish
  • Home Page
  • About us
    • Aeon FLux cosa facciamo
    • What we do
  • Tokens
    • White Paper Aeon Flux Gold Plus
    • White Paper Aeon Flux Gold 100
    • White Paper Big Taurus CLUB
  • Our services
  • Our clients
  • Contact
Financial market order types
November 20, 2020
15ikmTUo75TAgZMKhQ8LVPg KgFZnj
Top 10 CFD trading tips for all level of traders 2020
November 21, 2020
Show all

Bitcoinization is the turning point around the corner?

Published by Aeon Flux on November 20, 2020
Categories
  • News
Tags
1yPwEYqISb58grKWiXXLtMA vMG0l8

For bitcoin maximalists, hyperbitcoinization is the end game. Only when BTC has completely displaced fiat money can one speak of success, according to the bullish stance of Bitcoiners. What to Know About Hyperbitcoinization.“Bitcoin wins when all other currencies fail,” writes Bitcoin influencer ObiWan Kenobit in his much-cited medium article “ Hyperbitcoinization: Winner Takes All.” However, the term has existed since March 29, 2014. At that time, employed Nakamoto Institute author Daniel Krawisz dealt with the phenomenon of the complete displacement of fiat money by the cryptocurrency №1.Hyperbitcoinization has since been understood to mean both a state and a process that works towards this state: Bitcoin as the dominant world currency. A distinction is typically made between different stages of this process. While Bitcoin is still in its early stages these days, authors like Krawisz and Kenobit believe that things move very quickly after a certain point. The latest bull run could indicate that Bitcoin is now moving into the next phase. Then, it is said, the opportunity costs of the BTC adaptation are lower than its rejection. One speaks of the so-called tipping point. Of course, nobody really knows when it will come.Feed for this type of reasoning is a consideration of the prevalence of exponential technologies such as the Internet, telephones, and computers.At the time, Krawisz defined hyperbitcoinization as “a voluntary transition from an inferior to a superior currency” — and thus remained true to the spirit of digital gold. After all, it is precisely this voluntary participation that distinguishes Bitcoin. Nobody is forced to use BTC, but anyone who wants is allowed to.The argumentation of the maximalists goes something like this: There are no monopolists with a power overhang like in the central bank system with BTC; rather, everyone has the same rights of participation and so the…

Share
0
Aeon Flux
Aeon Flux

Related posts

November 12, 2021

The quest of STABLECOINS — The way of all stable crypto things


Read more
November 12, 2021

Fueled by Latest Inflation Figures, Bitcoin Jumps to a New All-time High


Read more
November 12, 2021

Will Positive Earnings Surprises Continue To Support Markets?


Read more

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Discover opportunity

  • Home Page
  • About us
    • What we do
    • Aeon FLux cosa facciamo
  • Services
    • Gold Service
  • News
  • Tokens
    • Token Gold Plus ITA
    • Token Gold Plus – EN
    • White Paper Aeon Flux Gold PLUS
    • White Paper Big Taurus CLUB
    • White Paper Aeon Flux Gold 100
  • Contact
  • Client Area
  • en_GBEnglish
    • fr_FRFrench
    • pt_BRPortuguese
    • ru_RURussian
    • zh_CNChinese
    • arArabic
    • es_ESSpanish
© 2022 Aeon Flux OU Harju maakond, Tallinn, Lasnamäe linnaosa, Lõõtsa tn 5, 11415- Cn° 16301206 -VAT N° EE102424021 - EMTAK code 46901 - Duns N° 686889151
.
All Rights Reserved.
Powered by IWG Web Agency
Privacy PolicyCookie Policy