The digital currency (or cryptocurrency) Bitcoin is certainly one of the subjects that has attracted the most interest, since the great appreciation of the end of 2013. Although it has existed for just over 12 years, 2013 was the year that the media “woke up ”For its existence.
Traditional economists and this media do not understand, do not understand what the Bitcoin phenomenon is and what will still be. They are conventional, too analogue to understand. For this reason, they emphasize aspects in their comments that are secondary. They are amazed when the currency appreciates, and they are full of reason when it falls. The number of times that the “death” of Bitcoin has been decreed has even become a joke in the forums.
“It is very volatile, it has no guarantees, it has no central bank behind it, it has no government, it has no ballast” are some of the phrases most spoken by these “experts”.
The big mistake is that they don't understand that Bitcoin is part of a general phenomenon called the Digital Revolution. The Digital Revolution is already of equal or greater importance to the Industrial Revolution and the Protestant Reformation, in my opinion.
Traditional industries are "suffering" from these changes, and if they fail to understand, they will be shot down. It is no accident that many are simply disappearing (does anyone remember Kodak?).
The internet, by practically putting people from all over the planet in contact with each other, has unleashed forces that have not been known at any previous moment in human history. Where will this go? Difficult to predict. But we all know the particular case of mp3 and movie downloads, which reshaped the entire entertainment industry. We are now seeing the arrival, ever closer, of 3D printers - which will further change the toy, weapons, small and medium-sized objects, medicine industries, in short, a multitude of areas will be affected by them.
Bitcoin is part of these changes. People are realizing - still a very small part, but enough to highlight Bitcoin - that they don't need governments regulating currencies, central banks, if they agree with each other that there is a new currency, Bitcoin , and that they can accept it on a daily basis, including as payment for their services and goods. And with many advantages over other means of payment.
There will still be many ups and downs, certainly, but I don't see how to avoid this future. Governments and the financial system will try to avoid it, as they try to control the internet and violate our rights, invading our privacy - but the network itself creates its answers (and it is not by chance that Anonymous, LulzSec, free software, pirate parties and internet parties emerged, WikiLeaks and, of course, Bitcoin). The future is ours! (originally written in August 2015)
