On the eve of two epochs
Hi, crypto-guys! Today we will talk about the place of bitcoin in the world financial system and continue to consider the Globitex project. All this is my personal opinion and does not pretend to be true.
Time of confrontation.
One of the possible goals of bitcoin is to become an international means of payment - No. 1. Now this place is occupied by the US dollar. Internal revenue service (IRS) equated bitcoin and similar ryptocurrency to property, but refused to recognize it as currency. To exclude encroachments from bitcoin on the dollar, as a means of payment and tax it. But the world community has a slightly different opinion regarding bitcoin.
Historically, the formation of the dollar as an international means of payment was not always due solely to economic considerations, in many ways it was imposed by aggressive foreign policy and pressure from the United States. Bitcoin does not belong to any state. Its formation and acceptance is due to the movement of the entourage and the advantages of use. Yes, at the moment, bitcoin has problems with scalability, transaction speed and high commissions. But constantly working on improving it.
Globitex - a new player?
For realization as a common means of payment, bitcoin needs to attract the main world money supply. This will happen through the attraction of institutional investors, state-owned banks, as well as its interaction with stock and commodity markets. With such a balance of forces, the globitex project will occupy an important place, because it will be an instrument for interaction between bitcoins and commodity markets. Globitex introduces a digital currency exchange allowing everyone to trade commodities and money market instruments for Bitcoin. The existing institutional grade Bitcoin exchange, with unrivalled API capabilities will scale into a global spot and derivatives trading venue. It will allow producers to purchase exchange listed products for Bitcoin, and trading firms and speculators to hedge their risks in Bitcoin with derivatives trading. This will therefore increase the use cases for Bitcoin as a medium of exchange and ultimately establish Bitcoin as a unit of account suitable for global trade, with no geographic, political or monetary restrictions.
Disadvantages and risks systems.
Using the US dollar as a common means of payment, the entire system is threatened with control by only one state and also unlimited emissions, which can be used as a credit and financial instrument, again for the benefit of only one state. Bitcoin, on the other hand, has a limited emission and belongs to the entire world community, but when using bitcoin, the basic threats are: cyber attacks on holders, the impossibility of regulating economic growth or recession by creating additional bitcoins.
Outcomes.
Thus, we will witness the transformation of the world financial system. A globitex should take one of the leading roles and the market share in the bitcoin relationship with money and commodity markets, by the right of one of the pioneers of this direction in the industry.
For more information, please visit Link:
· Web-site: https://www.globitexico.com/
· ANN bitcointalk: https://bitcointalk.org/index.php?topic=2257519.0
· Facebook: https://www.facebook.com/globitex/
· Twitter: https://twitter.com/globitex_
· Telegram: https://t.me/globitex
· WhitePaper: https://www.globitexico.com/wp.pdf
This article was created by Tktktk: https://bitcointalk.org/index.php?action=profile;u=1119627
The article is published for participation in the marketing program. Investments in the crypto currency are high-risk. Never buy cryptocurrency for the amount you are not ready to lose.