[Essay] Virtual currencies (need review)

Hi,

I would like to publish the following text in linkedin and I would really appreciate if you could give me a hand reviewing it, could you please?

BEGIN ----------------------------------

My generation is living amazing times, times of fast, profound and sometimes radical changes. Most of these are based on technological advances, and in all of these, software is the real key because it is the way in which we build new structures, new abstractions and new ways to comunicate with others. Software are the bricks for the new world.


Computers (software indeed) can perform really complex tasks, they can put a satellite in orbit around the earth, fly airplanes, coordinate robots in order to assemble cars and any kind of labor except one, the most basic, essential and useful thing of all: allocate resources. That is what digital currencies came to change, because now, with bitcoin, computers can not just send value borderless but also they can buy and sell, rent, lend money, do token payment, hire workers (and pay them) and we don't know all the possibilities yet. Of Course that computers will negotiate between them, a robot can buy a car to another one if they both agree.

Just as an example, imagine a world where you can ask for a borrow in a website and thousands of robots automatically evaluate your payment capacity and they start a competition for lending to you, provably they can work together and reduce the risk lending a fraction each or who knows. These robots could be developed by world wide financial service institution so, you won't need to go to the nearest bank in your zone, the entire world is your town now.


After understanding that that reality is near and that digital currencies come to stay, we can realise how important is for our countries to support (or at least don't kill) the digital currencies because several reasons:


* First, supporting digital currencies means new investments in high financial tech companies and knowledge development.
* Second, digital currencies are world-wide currencies and that means that local companies can provide world-wide financial services. Slowing down digital currencies investments and technology development can only move out them to other countries, allowing others to provide those services.
* Third, the first countries in providing automatic-world-wide financial services, fast and with low rates could achieve high levels of efficiency increasing the entry barriers to competitors and late adopters.

Summarizing, digital currencies are here as software, money in binary representation and we know that computers are very good with binaries. All of us have to work with our governments to let them know how good the digital currencies can bring to our societies and how bad could be to force the innovation to move out to other places.


END ------------------------

Thank you very much.

Thank you, @Jawgar. I really appreciate your help and your time

Here it is: https://www.linkedin.com/pulse/importance-programmable-money-lucas-ontivero

Jawgar, you'll notice that there are several spaces between words missing in your post. That's what happens when you copy/cut and paste something into a post. If you're going to copy and paste, you'll need to proofread your post before you submit it and put the spaces back in. Failing that, click on Go Advance and use the "Paste from Word" icon.

ElBuda said:

BEGIN ----------------------------------

My generation is living in amazing times -- times of fast, profound and sometimes radical changes. Most of these changes are based on technological advances, and in all of these, software is the real key because it is the way in which we build new structures, new abstractions and new ways to comunicate with others. Software provides the bricks for the new world.

Click to expand...