Friday, September 27, 2013

Some huge things, in which the Bitcoin will revolutionize the world'seconomy today


Since the childhood I loved using WebMoney, because it was first electronic payment system, and I was really excited to earn money in such an awesome papercash-free way. As I suppose nothing changed since then except for discovering Bitcoin! I remember myself exactly 13 years ago (in 2000) I totally had that idea of creating such a payment system which won't required any centralized means, because that would be the most honest thing that was ever created in the world - how correct was I at that moment! I would easily dedicate my whole life since then for creating, but I barely had belief that such algorhythm could be potentially created. I suppose that was the only point where I was wrong - such algorythm can be created and it exist today! Its a Bitcoin! And there's no doubt in superiority of this new type of financial value!

  1. Low Fee International Fund Transfers. Replacing Western Union | other wire transfers. In past when you needed to send money abroad to someone, you almost inevitably paid fee around 10 to 15% (not less). Bitcoins solve this problem, since in this case you most likely gonna have less than 1% of fee (maybe even 0% in some cases).
  2. New Generation of Startups, Internet Projects, Fund-raisers, financial institutions. That's the new world of finances where new people will gain power. Those are not only IT experts - they are the ones who's first understood the benefits of Bitcoin's independence.
  3. New escrow services for things like apartment rent, etc. 
  4. More automated vending machines. 
  5. Making privately owned services publicly owned and cheaper
  6. Revolution in the mobile networks. Mobile networks which is commercially monopolized now by current mobile carriers. In future every individual will have opportunity to set up his own base station to start participating in publicly owned services. 
  7. Revolution in the optical fiber ownership. If the governments regulate the whole infrastructure of licenses for whoever is leading in fiber optics industry, in future such investments will be crowd funded and publicly owned!
  8. Unlicensing the whole industries! Such as pharma, food industries. Making the whole nation healthier
  9. Making the street advertising available to everyone
  10. Setting the manufacturing most of the technologies closer to people


Significant to come:
  1. PayPal and other world payment systems integrates Bitcoin

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