“Time to separate money and state”

While writing this post, Bitcoin is approaching the $12,000 mark, again.

Willy Woo has published an analysis showing that the number of bitcoin users doubles every 12 months. Sounds familiar? Because this is the characteristic of exponential growth.

bitcoin-google-trends-growth-1300x624

When exponential growth is based on a massive transformative purpose, then disruption is unavoidably going to happen. And here’s this purpose as wisely stated  by  on November 28, 2017:

Why does Bitcoin keep growing? Because it’s time to separate money and state.

Naturally, somebody who has been working decades in the same industry doesn’t like disruption. It devalues their knowldege and experience, undermines the standing they are used to. So it is no surprise that Nobel laureates Stiglitz and Shiller are not fans of bitcoin & co.

 

Here is an articulate scenario:
infographic-10k-view-of-cryptocurrency
Digitization-based disruption is already happening everywhere. For society, government and finance industry it’s just beginning.

 

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We live in exciting times.

As the Internet from the beginning has made millionaires and billionaires, and still is, same thing is happening in a new domain right now: bitcoin.

bitcoin_com
Source: http://www.bitcoin.com

Coming from roughly $800 in January 2017, the famous cryptocurrency posterchild’s share price did exceed $5,800 on October 15.

 

coindesk-bpi-chart

 

And while there are very contrary opinions about the future share price development, there is no doubt about the underlying blockchain technology.

Start-ups, IT heavyweights, banks and other financial institutions, logistics companies, consulting firms, governments and regulators are eager to check the opportunities it may offer.

 

blockgeeks_com
Source: http://www.blockgeeks.com

New and disruptive business models, coming with reduced transaction costs and increased security are the promises.

A period of trial & error has begun. Concepts are developed, whitepapers written, pilots set up and tested … all that bringing progress, new ideas, corrections, contributing towards the next stage.

And as always, participating is the key to success. So the focus of this Website will be extended, covering blockchain concepts and project experiences.

Stay tuned.