5 years exactly- It's so over for the bankers
(media.greatawakening.win)
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Well said.
I'd like to add this (Let me beat this dead horse more): Bitcoin (BTC) is not designed for everyday use. The original project was hijacked most likely by bankers in 2017 (the Bitcoin Civil War Era). BTC is designed to maximize price (store of value) at the expense of everyday usability. Try transferring $10 from one wallet to another. The network transaction fee will eat a majority (or half) of that transfer. In 2017 there was a fork of Bitcoin called Bitcoin Cash (BCH).
BCH is argued to be the original Bitcoin proposed in the white paper written by a man using the pseudonym Satoshi Nakamoto. In the paper he described a cryptocurrency that can be used as both everyday currency for the masses AND a store of value. BTC doesn't match that description. The new handlers of BTC went so far as to attempt to rewrite the original Bitcoin white paper to fit their narrative (sounds familiar?).
I can see BTC being used as a way for central banks (or their equivalent) to transfer large holdings to other central banks. They will be the only ones who can afford the massive network transactions fees on the BTC network.
With all that said, these cryptos are too volatile to be used as a stable currency. They are meant to be used to get around the current financial system. The US will see a digital dollar in the near future. But it will be redeemable in physical cash and possibly gold/silver. The transfer from Federal Reserve Notes to this new digital dollar will be a storm like no other. Will it be a one for one swap or will they use a ratio (Example: 100 Federal Reserve Notes = 1 US Treasury Dollar)?
I don't know what the future holds, but I can read the signs where we are heading.
What is backing BTC, other than a hope and a dream. That's issue I have with the digital currency. Unlike the dollar, which has the backing of the nation. Yeah, I know it's devalued like 85%, but at the end of the day, it is backed. If the backing question could be resolved, I would have more faith in it to a certain extent. But, I also value anonymity and from what I understand thru criminal actions from the justice department, BTC can and has been traced, unlike a suitcase full of dollars. Understand BTC has more "portability" to a certain extent. Lot of questions still out there for me on this. I also understand from a 100% newbie perspective some of the value proposition of BTC and a ledger, and supposedly how we can keep a handle on unlimited printing. Full and 100% anonymity is key in my eyes. That's why I like greenbacks.