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Bitcoin — A New Paradigm Ahead?
In the land of digital currencies, Bitcoin is King.
While chewing on the nature of cryptocurrencies and how it is currently eating up the world, I often think back to one of my favorite movies — Ari Folman’s The Congress. In a pivotal scene, the lead actress role played by Robin Wright arrives at a one-way checkpoint, drinks an ampoule and morphs into her animated form while leaving the real world behind.
When I first fell into the cryptocurrency rabbit hole, coins appeared much in the same way to me: colourful, animated money with virtual, elastic properties obeying its own set of laws beyond the physical world. Internet money, as they call it. For Internet natives.
In crypto land, a money network arises pre-determined by computer code and is sustained by its community spread across the world, without any borders. As long as a community believes in its value — by hoarding, exchanging and transacting — the network continues to thrive.
I encountered fascinating subsets such as social tokens, which hold and accrue value specifically within a tight-knit community. Once, I played a gig in the metaverse and was tipped some $WHALE by the audience. A month or so later, I played a second gig in another parcel of land and tipped those who were attending back. By then, the price had already tripled in USD terms. Everything…
