It seems like if the good guys were trying to end the central banking systems this is something they would do...Appreciate any good info or links
You're viewing a single comment thread. View all comments, or full comment thread.
Comments (25)
sorted by:
I heard a story that it’s to con the Chinese but it doesn’t make sense to me
Truth is, Bitcoin was created by a bunch of nerds in the bay area known as the cypherpunks.
They created it due to the massive inflation and market crash we suffered in 2008. It was simply created to give the people a asset they can put their money into that counters the inflation we are seeing world govt's do to their fiat currencies.
It's a store of value. Nothing more. Digital gold. And it cannot be controlled, regulated, or stopped by anyone. That's why it is so effective.
Another thing I want to point out is because of this, a new technological breakthrough comes with it. Blockchain technology is.. to put it simply... the most powerful globally universally accessible super computer that everyone in the world has access to.
Entire business can be built ontop of this technology. Especially on Ethereum. Business that normally would have needed hundreds of servers in a cloud to maintain can run entirely off one simple Smart contract running on the Ethereum blockchain itself.
Edit:
I have operated three businesses ontop of blockchains since 2017.