To pay of the 35 T debt with a " little bitcoin" , @ 69.000 a pop it does not make any sense. But ..... What if 4 years from now, BTC is 700.000 a pop? Or 7 million a pop?
And may be you think, nah ... who would pay 7 million for a BTC? Well, I do not hate to break it to you, but people thought the same thing when BTC was 170 USD. Or 1,700, or 17,000.
There is a revolutionary thing going on right in front of your very eyes. Personally, I am highly critical of bitcoin. There are flaws and prohibitive issues. But I do acknowledge it is something out of the ordinary, something that changes how the game is played.
It is a distribution of energy, of power, the conservation of your own. This goes beyond what gold and silver are. And FIAT cannot even hold a candle.
potential for centralization through old world thinking.
traceability
Of course,for each flaw, there may be a new development aiming to mitigate the flaw. It may as well be, but, and this is
6. each new "solution" adds to complexity.
As someone who does not own Bitcoin and for the majority of people of the earth.... why oh why would be pair our financial system up with your pyramid scheme? Why wouldn't the majority just use another coin or a collection of other coins with more features and better returns for the end user?
If BitCoins only unique feature is that a lot of people own it then I hate to break it to you but they will be as valuable as a Tulip after Tulip mania.
There is NO value in a "BitCoin". Only in decentralized currencies.
Apply your reasoning to any coin, or any product, for that matter.
Does your reasoning apply to may if not all matters? if so, then why would such reasoning be reason to shun a practical sollution?
For instance, would you accept a cheque? A paper dollar? A silver or Gold dollar coin? if so, why? or why not?
Do you have a bank account? Do you make use of online banking? If so, why would you loan your energy to a scam, a product created out of thin air, that represents: debt?
What would you do, if you could replace that with the advantage of portability and fungability, without dependency on a central controlling entity, whose only goal is to burden you with debt, steals your eneegy through inflation, and taxation. This is to just highlight one aspect.
It becomes clear, you do not comprehend what bitcoin is.
Consider the implication ....
To pay of the 35 T debt with a " little bitcoin" , @ 69.000 a pop it does not make any sense. But ..... What if 4 years from now, BTC is 700.000 a pop? Or 7 million a pop?
And may be you think, nah ... who would pay 7 million for a BTC? Well, I do not hate to break it to you, but people thought the same thing when BTC was 170 USD. Or 1,700, or 17,000.
There is a revolutionary thing going on right in front of your very eyes. Personally, I am highly critical of bitcoin. There are flaws and prohibitive issues. But I do acknowledge it is something out of the ordinary, something that changes how the game is played.
It is a distribution of energy, of power, the conservation of your own. This goes beyond what gold and silver are. And FIAT cannot even hold a candle.
It reminds me of the 21 rules of bitcoin.
Do you mind to share the flaws you see with it?
Just to mention a few:
Of course,for each flaw, there may be a new development aiming to mitigate the flaw. It may as well be, but, and this is 6. each new "solution" adds to complexity.
add several more. ...
That said, I like BTC and the ideas behind it.
As someone who does not own Bitcoin and for the majority of people of the earth.... why oh why would be pair our financial system up with your pyramid scheme? Why wouldn't the majority just use another coin or a collection of other coins with more features and better returns for the end user?
If BitCoins only unique feature is that a lot of people own it then I hate to break it to you but they will be as valuable as a Tulip after Tulip mania.
There is NO value in a "BitCoin". Only in decentralized currencies.
Apply your reasoning to any coin, or any product, for that matter.
Does your reasoning apply to may if not all matters? if so, then why would such reasoning be reason to shun a practical sollution?
For instance, would you accept a cheque? A paper dollar? A silver or Gold dollar coin? if so, why? or why not?
Do you have a bank account? Do you make use of online banking? If so, why would you loan your energy to a scam, a product created out of thin air, that represents: debt?
What would you do, if you could replace that with the advantage of portability and fungability, without dependency on a central controlling entity, whose only goal is to burden you with debt, steals your eneegy through inflation, and taxation. This is to just highlight one aspect.
It becomes clear, you do not comprehend what bitcoin is.