Three opportunities that Bitcoin brings – DBS Bank

Decentralisation – Power to the people. Bitcoin functions on open source software, meaning that decisions to maintain or improve the system are transparent and must be agreed on by a large enough consensus of users – a ‘monetary democracy', if you will. With power in the hands of the people, some form of the ‘Tinkerbell effect' is also at play here – an effect that describes things that will continue to exist if people continue to believe in them. With Bitcoin, its discontinuation will only occur when its participants no longer believe it to be a viable medium of exchange. As it stands, this outcome is increasingly remote, with choruses of doubters continuing to fall by the wayside."

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