Can we have a thread about what the hell to do right now?
🗣️ DISCUSSION 💬
First of all, I'm an idiot when it comes to anything financial. I know many of you aren't. What is the safest thing to do with the money (fiat) that we do have right now? Leave it in our local bank? Credit union? Keep it as cash in my sock drawer? Also, the money in my 401k? Switch it over to bonds or something else I don't fully understand? Any thoughts from someone who's been paying better attention to these things than I?
Like I said, I have no idea to whether this will occur in our lifetimes or not, but it is inevitable that Bitcoin, being the world's first and only medium of exchange which cannot be gamed, owned or controlled by a permissioned select few, will become the central piller of what 'value' is, like the gold standard , it will be the bitcoin standard.
I see what you are saying, and I don't discount the possibility, I just don't think it's very probable, at least not for a very long time.
We could be talking centuries.
All previous mediums of exchange have been controlled by a permissioned few, whether sea shells, gold or fiat, there was always an invisible hand. Bitcoin does not care about politics, nation states, people, what you do with it, etc, it simply completely impartially and incorruptibly continues ..... every 10 minutes or so a new block , more bitcoin birthed into existence. completely transparent, ungamable by any one entity....... inevitable that people and nations will elect to use a completely impartial medium of exchange than one belonging to any particular country, group or business entity. It simply becomes the standard by which all currencies are judged because it takes no sides, it doesn't even know we are here :)
It is a fascinating exercise considering the monumental distance the human race will have to travel, the rising of the consciousness that would have to take place, some kind of awakening would have to occur, but like a really great one.