Political and legal meanings of the global use of cryptocurrencies

DOI: https://doi.org/10.46398/cuestpol.3971.00
Keywords: cryptocurrencies, crypto assets, digital anarchism, global economy, new economic policy

Abstract

The global use of crypto assets is a widespread practice in 2021 among people and companies that are interested in participating in new forms of business that could be very lucrative in the medium term, in addition to representing a new monetary conception of a digital nature that is not controlled by any central bank, nor issued by any state. The purpose of this short essay is to present volume 39, number 71 of Political Issues, by developing a set of reflections on the scope and meaning of cryptocurrencies in today’s world. It is concluded that, the mere idea of minting a currency in digital format of the fictitious subject Satoshi Nakamoto creator of Bitcoins, is avant-garde for all people who want to carry out exchanges of values without any centralized mediation of private or public financial institutions, through an open access anomie network made up of free and equal subjects, that can death rate the monetary control of economies by governments, while creating alternatives for Fiat currencies. Among the negative aspects are the growing use of energetic electricity that cryptos require to be able to develop their operations.

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Author Biography

Jorge J. Villasmil Espinoza, Universidad del Zulia

Doctor en Ciencia Política con estudios postdoctorales en Derechos Humanos, editor de la revista Cuestiones Políticas, profesor titular de la Universidad del Zulia en Maracaibo, Venezuela. Web of Science Researcher ID: AAO-7385-2020.

References

TELESUR.NET. 2021. “Criptomonedas en la economía mundial” En: Telesur en profundidad. Disponible en línea. En: https://www.telesurtv.net/ telesuragenda/criptomonedas-economia-mundial-20210908-0026. html. Fecha de consulta: 12/10/2021.
Published
2021-12-15
How to Cite
Villasmil Espinoza, J. J. (2021). Political and legal meanings of the global use of cryptocurrencies. Political Questions, 39(71), 16-19. https://doi.org/10.46398/cuestpol.3971.00
Issue
Vol. 39 No. 71 (2021): Cuestiones Políticas
Section
Presentación

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