Cryptocurrency: The Money Of The Internet
We often talk about cryptocurrency being Internet Money. It is sensible. This resides in our wallets online and that is where we get it. However, when we step back, this is something much larger.
In this video I discuss how the Internet is the bigger than any government or system we have. It is also growing, exponentially, each year. Because of this, cryptocurrency, which is the money of the Internet, is going to see tremendous growth in terms of the use cases going forward. We already saw what happened when the Internet penetrates different industries.
▶️ 3Speak
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True internet is really a big whale and sooner even crypto is going to follow it's path for reaching maas adoption by the people.
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BEER.The truth is that the growth of Cryptocurrencies in recent times has been incredible despite all the drawbacks, the only thing that is certain is that it is the money of the future and that no one can deny.
Summary:
In this video, the speaker delves into the concept of cryptocurrency as internet money. He emphasizes that cryptocurrency is not simply money obtained on the internet but a currency native to the online world, operating separately from traditional financial and banking systems. The speaker highlights that the evolution of the internet has led to the emergence of cryptocurrency, which is integral to the monetization, commercialization, and financialization of the online space. He discusses how industries have shifted online, making physical entities redundant, and envisions a future where cryptocurrency will continue to grow and evolve alongside technological advancements.
Detailed Article:
The video discussion by the speaker revolves around the significance of cryptocurrency as internet money, beyond just a virtual form of currency. He emphasizes the fundamental distinction between traditional monetary systems tied to physical institutions and the novel concept of cryptocurrency existing solely within the digital realm. The speaker traces the evolution of financial transactions from physical banks to online payment systems, noting that cryptocurrency represents a departure from these established structures by operating independently online.
Moreover, the speaker not only underscores the current status of cryptocurrency but also explores its potential for future growth and development. He predicts a continued expansion of cryptocurrency as a vital component of the internet economy, aligning with the broader digitization trends that have transformed various industries. The speaker alludes to decentralized finance (DeFi) as a burgeoning sector within the cryptocurrency realm, despite setbacks like market price fluctuations.
Furthermore, the speaker contextualizes cryptocurrency within the context of the internet's global nature, highlighting its boundaryless character compared to the geographical constraints that traditional financial systems face. He posits that as networks become more significant than nation-states in the digital age, cryptocurrency plays a pivotal role in facilitating online transactions on a global scale. The speaker envisions a future where cryptocurrency integrates seamlessly with advanced internet concepts such as the metaverse, adapting and evolving alongside technological advancements.
In conclusion, the speaker urges viewers to recognize the profound impact of cryptocurrency as the money of the internet, a transformative force shaping the digital landscape. He stresses the necessity of understanding the symbiotic relationship between cryptocurrency and the internet, advocating for a holistic perspective on their intertwined evolution. Ultimately, the speaker envisions a technologically superior form of internet money evolving over time, reflecting the innovative spirit driving the cryptocurrency space forward.