An Excerpt From Bitcoin Circular Economies: Prologue
The post An Excerpt From Bitcoin Circular Economies: Prologue appeared on BitcoinEthereumNews.com. We are living through the change of an era, where the old one is still dying and the new one is still being born. We are living through the end of the industrial era, when prosperity came mainly from factories and the cities that fed them with workers. States played an essential role there, providing access to raw materials for the factories, guaranteeing trade routes and infrastructure for their goods and keeping the workers’ movement in check. In return, the factories, thanks to their scale of production, supplied the markets and could afford to pay the states their dues in the form of taxes. We are now in the middle of the transition to the information age, where scale no longer rules, but personalization. Thanks to the internet, we can aggregate demand and connect with a tailor-made offer, which allows us to produce or provide very specific services and add value in an innovative way. It is no longer necessary to produce to scale to fill the big car showcases; now you order the car the way you want it on a website. Customization is reshaping economic relations, and with it, the world. With the success of the industrial era, large financial centers were developed, and the regions of the world that were left out of these processes were literally abandoned, cut off from the world’s value chains, unbanked and without access to products and services. But thanks to the internet, more and more regions are emerging from this isolation, and thanks to bitcoin they are also beginning to surface from this economic-financial disconnection. Many of these regions used to live on remittances sent by their relatives from abroad, with which intermediaries made a great business from the lack of alternatives. Without investment, without capital, without effective quality property, without…
The post An Excerpt From Bitcoin Circular Economies: Prologue appeared on BitcoinEthereumNews.com.
We are living through the change of an era, where the old one is still dying and the new one is still being born. We are living through the end of the industrial era, when prosperity came mainly from factories and the cities that fed them with workers. States played an essential role there, providing access to raw materials for the factories, guaranteeing trade routes and infrastructure for their goods and keeping the workers’ movement in check. In return, the factories, thanks to their scale of production, supplied the markets and could afford to pay the states their dues in the form of taxes. We are now in the middle of the transition to the information age, where scale no longer rules, but personalization. Thanks to the internet, we can aggregate demand and connect with a tailor-made offer, which allows us to produce or provide very specific services and add value in an innovative way. It is no longer necessary to produce to scale to fill the big car showcases; now you order the car the way you want it on a website. Customization is reshaping economic relations, and with it, the world. With the success of the industrial era, large financial centers were developed, and the regions of the world that were left out of these processes were literally abandoned, cut off from the world’s value chains, unbanked and without access to products and services. But thanks to the internet, more and more regions are emerging from this isolation, and thanks to bitcoin they are also beginning to surface from this economic-financial disconnection. Many of these regions used to live on remittances sent by their relatives from abroad, with which intermediaries made a great business from the lack of alternatives. Without investment, without capital, without effective quality property, without…
What's Your Reaction?
