Arise CBN, wake UP now! For the BITCOIN/BLOCKCHAIN team is about to DANCE,don't be left without a Partner! !
Femifoluwa Ladehl
The bitcoin is a global phenomenon. It is hinged on technologies that can't be stopped or eradicated. Yes they can be locally regulated but not breakable, Like the internet and all the globalized inventions of the last century. In the case of the Bitcoin, it is a globalized concept that has no native-land but powerful enough to dictate it's own terms among-st the peoples of the world, promises and delivers all she promises. The bitcoin is the forerunner, fuel and food of the first autonomous artificial intelligent computer. For it is about five things in one and still counting. The bitcoin is part investment, store of value, medium of exchange, technology, commodity and a massively divisible money all rolled in one. In American, the Bitcoin has been sued to reveal what it is, a commodity or currency, with different judges helping it to a gender of their choice. Very funny.
No nation is happy to embrace the bitcoin for all it does because unlike juggernauts: Facebook, apple and Google, it pays no homage to any one and so the snipping at. But as I said, its part technology. The bitcoin, as notorious as central banks of the world are trying to label it, she has lend to all these institutions and government her engine room which is the block-chain technology, to be used and deployed in any area where accountability might be an issue. Right now, block-chain tech is been deployed for land, food, medicine & even monetary administrations in the biggest and the smallest economies of the world, it's like a blazing comet leaving behind some of its fuel to be used as water nourishment for humans. So is the bitcoin, a vilified benefactor!
Currently the computational power sustaining the bitcoin blockchain is more electrical power than the whole energy needs of Canada and iceland put together. Having its DNA tied to increasing massive electrical power is pure genius, putting individuals wanting to harm the system to a quick and easy sleep.
Now imagine a currency that can divide into 100m unique units. This means bitcoin can find value representation in virtually all currencies of the world! $1 is 0.0001btc and N1 is .0000001 btc, with a limited units ever in production of just 21 million units and with 16 million units already produced and in circulation and with just 12.5btc current global production per hour! The tendency for the demand supply side to push Bitcoin sky high is as sure as fish in the ocean and that is why most central banks are not happy. But except Central Banks embrace the Bitcoin, they open their own markets to the taking over of the underworld, just like the alcohol prohibition of the 1920s in the US, helping to create Al capon and other mafia elements.
The Block chain tech is even the key to the sanity of modern governments where every one desires to undercut the government, the block chain /smart contracts comes to the rescue. The Nigerian Telecoms Gsm company are today enjoying an element of the Bitcoin/block chain with their randomized recharge card technique that cuts no corner for anyone and everybody, forcing all to pay full price for their services unlike the NITEL of old, where phone Bills are a subject of negotiation and several abandoned heavily indebted lines. Zimbabwe, Argentina, Bolivia, the Scandinavians, many starving nations of the southern america, China, India Singapore and other nations are now paying salaries and buying critical resources with the bitcoin! Another issue might be anonymity.
The bitcoin is neither anonymous nor open, you can make it whatever you want, you can twist it but can't break it., any transaction can be traced on the blockchain and sites that follow live transactions globally such as the blockchain.info and others, spending and payments can be made alive to every one to see, names of account holder is not required but this is essentially different from the popular numbered account of swiss banks and tax havens institutions. Very different . And cases of criminal use have been tracked and cracked, the siIkroad case in the USA was an example. I appeal to whatever pretentious authority that is writing or saying things out of tune with the need for annexation of this blazing technology to, please go and retire now, for bitcoin/blockchain technology will not only make individuals, nations and institutions wealthy but will help societies to maintain her Sanities as human decent expectations, justice, charges for services, food and other amenities can be policed with the blockchain.
The bitcoin at worst is a commodity, just like cocoa, crude oil, LNG, coffee, gold and platinum which can be traded or exchanged, of which they all have, undulating international index/exchange daily prises, so is the Bitcoin.
Currently the Bitcoin to the dollar is $2530 to 1btc. But in reality, this price does not matter when it comes to whatever you want to achieve with the bitcoin as its divisibility factor is great and it benefits are many! femifoluwa ladehl
Congratulations @femiladehl! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOPWell described