I don't mean to lecture, I just was adding some speculation as it's an area I think about a lot. I don't own any bitcoin but i'm an austrian schooled economist and I understand the arguments for decentralized money - and I argue for a gold standard. The problem with bitcoin has no underlying value as it's not a commidity, plus there are no rational actors when the miners run out of hashes. The blockchain is an immutable receipt that specify that you own this thing, which doesn't require a bank as the middle man, so you are the bank.
Also this currency that the Fed and other central banks are looking to create is not bitcoin, but a slave digital currency. There is no way they can implement a new centralized currency using bitcoin. it just doesn't work for Central Banks that need to rev up the quantities whenever they want.
I agree on a lot of the points - i didn't think you are a shill. The fact that bitcoin has no instrinsic value means it will at some point be worth 0. It's acting similar to other bubbles in history like tulips or beanie babies. At least with tulips you actually have a tulip at the end of the day.
It should be an inherent assumption with bitcoin, or any digitization of assets that will require the internet, but it would be harder for the cabal to control - or at least to the same degree to what they can achieve under a fiat system. Under a decentralized system, the cabal hates it because there isn't the artificial growth that is prevalent with inflation, and it benefits the saver as opposed to debtors.
The fact that blockchain can be applied to gold and silver, there is no question that Gresham's Law will settle the debate on bitcoin's value.
I don't mean to lecture, I just was adding some speculation as it's an area I think about a lot. I don't own any bitcoin but i'm an austrian schooled economist and I understand the arguments for decentralized money - and I argue for a gold standard. The problem with bitcoin has no underlying value as it's not a commidity, plus there are no rational actors when the miners run out of hashes. The blockchain is an immutable receipt that specify that you own this thing, which doesn't require a bank as the middle man, so you are the bank.
Also this currency that the Fed and other central banks are looking to create is not bitcoin, but a slave digital currency. There is no way they can implement a new centralized currency using bitcoin. it just doesn't work for Central Banks that need to rev up the quantities whenever they want.
I agree on a lot of the points - i didn't think you are a shill. The fact that bitcoin has no instrinsic value means it will at some point be worth 0. It's acting similar to other bubbles in history like tulips or beanie babies. At least with tulips you actually have a tulip at the end of the day.
It should be an inherent assumption with bitcoin, or any digitization of assets that will require the internet, but it would be harder for the cabal to control - or at least to the same degree to what they can achieve under a fiat system. Under a decentralized system, the cabal hates it because there isn't the artificial growth that is prevalent with inflation, and it benefits the saver as opposed to debtors.
Great Firewall of Chy-na!