The day will come when, by virtue of a new quality of interconnection between us, a new “currency” will emerge.
Below is a seven-year graph showing the Bitcoin-USD exchange rate, with an unprecedented rise in 2017 (Buy Bitcoin Worldwide).
Impressive, isn’t it?
Obviously, I am not a market analyst or expert on cryptocurrencies. However, Bitcoin is certainly not just a financial phenomenon. It is founded upon the attempt to create a completely new type of universal value.
It would seem that there is nothing backing the “virtual currency” except cryptographic algorithms. However, that is no laughing matter. After all, cryptography is intended to provide reliability and trust, which is already valuable in itself. It is as if the creators of the new coin are declaring: human nature with its “baggage” has no access to our territory.
The modern financial system cannot boast of having this feature; there, money is produced by banks and is a factor of the political and economic influences of specific countries and organizations. In other words, the “old” money serves very specific interests.
On the other hand, right before our eyes, a new, extra-governmental, extra-historical currency is being born, setting claim to becoming a universal, absolute equivalent, and even to driving gold out of its immovable position.
It is being born because the need for it is ripe. After all, globalization, which many people criticize, really is a natural phenomenon. It reflects the current state of humanity, which has already gathered into one whole technologically, but has not yet accepted this fact psychologically.
That is why we don’t yet understand how to use the cryptocurrency, how to integrate it into the system, and how it will later influence us, the ones who created it. However, that does not change its essence: the global world is demanding a global monetary equivalent that does not depend on local, subjective “circumstances” and interests.
On the other hand, if we treat this novelty like in the olden times, with traditional means, it will lose its “charm”—its objective value as seen by the public. Yes, in the beginning of the road, Bitcoin became a convenient means for deals on the black market, which found a way in here, yet the completely legal “financial mafia” will put an end to it and will find a way to secure a grip on the new coin.
Will the illegal players be able to preserve the freedom of the cryptocurrency? One way or another, its future depends on that. There are chances for that to happen since governments and banks are also connected to the “financial mafia.”
However, if we rise above the current fuss surrounding Bitcoin, we will see how egoism on a global scale is gradually building the respective global systems for itself, and in a way that does not attach artificial ideals and ideologies to them.
There is no “good” or “evil” here, but only business in the pure form. And what difference does it make if the reciprocal trust of the parties is provided by virtual computer computations? On the contrary, that makes it even better; there will be fewer errors in the calculations.
It turns out that we are talking about global trends and, for the most part, it makes no sense to resist them.
Moreover, in the future we will develop additional universal parameters, but ones of a social nature. The day will come when, by virtue of a new quality of interconnection between us, a new “currency” will emerge—social rating, expressed by a clear equivalent that anyone can understand.
People will be able to accumulate it as well, but not sell or buy it. It is more likely to have a comparative nature while having completely real value.
After all, society, especially one that is global, cannot be based on just bare egoism alone. Of course, it is rational in its own way, but when left to its own devices, it leads to a dead-end. The social aspect in man and society must take the upper hand over self-focus so the whole will not fall apart into pieces.
These are the paradigms of a new time, whose essence is not a single currency, but new relationships between people in a united, modern world.