Bitcoin is future...and now that mainstream media is following it ,it is set to gain new heights(hope scaling issue is sorted off without bitcoin's implode)..but who is satoshi Nakamoto and who broadcasted the blockchain white-paper ...where were all these well wisher of humankind earlier...I will put my personal opinion in this regard..
My honest thought is that Satoshi Nakamoto is someone/or group of people who has strong support of Government agencies ...I believe everything in this world is driven by someone's vested interests and bitcoin is no exception.
Looking at history, Till the time Currencies were money(and not Fiat) ,inflation was low ,Job growth though was not huge but continuously growing based on community needs...the backing of gold for USD (and other currencies) has kept everything in balance ,but this was not what world's most richest(and powerful) wanted at that time and hence removed the gold backing from currency and in turn made it fiat...This allowed the central bank's to print money and flood the market ...and result of human greed was subprime mortgage crisis ,financial meltdown..huge number of job losses etc..and at the same time made the rich more richer ..and the richer ,richest....
But Economics is science and you can not play with science..hence economy remain in dead state even after the central banks has used all the measure of monetary policy/fiscal policy to boost growth......and the downside of these monetary policies was (and is) Inflation.....
Now Central banks has realised that they can not keep their currency fiat ,and hence need to back it with something which is scarce....so whenever someone will think of scarcity and currency together....the only thing which will pop in his mind will be "GOLD".... but to back trillions of dollar(injected on the name of QE) with Gold will shoot up the price of GOLD to skyhigh level (and would give an impression that all investment assets has failed)...so what is the alternative.. "You Got it right".....it's bitcoin....everyone s saying that bitcoin is deflationary cryptocurrency and no government has control over this...but I think US government (or it's agencies) were the one who worked with pseudonym "Satoshi" and still hold highest number of bitcoins ...and once bitcoin will be adopted by wider group...at that time US will declare its bitcoin reserve...not only this ,it will back USD to bitcoin too...by doing this they will push bitcoin to huge value...Inflation will be killed (as USD is backed by deflationary crypto now)..and all other assets will stay the way they are (indicating govt efficiency in steering the ship in midst of economic storm)...
In short Bitcoin will indirectly (by way of USD) will become world's reserve currency ,maintaining US stronghold on world's other economies.
Kindly note these are strictly my personal views and are not targeted to any government agency or individual.Do share your feedbacks and please note that I stand to be corrected for any gap in my understanding..
Very interesting
Write good
https://steemit.com/landmine/@tinashe/when-life-becomes-living-hell-for-landmine-victim#
Very interesting
Great article!
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