Bitcoin - Last Chance to Save Humanity?
6 years ago in #cryptocurrency by louisthomas (76)
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I just blogged about this yesterday.
https://steemit.com/dot-com/@edicted/stinc-has-already-gone-bankrupt-by-dot-com-standards
Humanity is a cancer on this planet and the only way to stop a massive purge is to take the centralized power away from the corrupt people in charge.
I think governments has already understand the potential of blockchain and in the future we will (kinda) be forced to get into crypto....just like we now are with electric cars. I think the governments have missed the start to get into blockchain , but when they find that wright moment to get in we will see the adoption of blockchain move very very fast.
I think the power of blockchain technology is so convincing that it's mainstream adoption is inevitable. And that's why its price has risen so dramatically. It's gone from zero to 60 billion dollars in just 10 years. Anything that increasing in value so fast will be hugely volatile as it struggles to find its price as more and more people start to get on board. Bitcoin is here to stay. There is no closing Pandora's box now. It will continue to grow as people start to buy crypto and use it for its intended purpose.
But it's adoption has nothing to do with it's price. Everyone uses pennies, but they are still only worth 1 cent.
Right, but fiat currency is full of middle-men leeches in the middle of a debt-based economy. The adoption of decentralization, having no one in charge, massively increases the value because that value is being distributed 1000 times more fairly than it is now.
I don't understand what you're saying. Yes, one cent is worth one cent, and one hundred cents are worth a dollar. What gives value to a currency is its rate of turnover in the economy. The more people that use it as a means of exchange and the more transactions they make, the higher the value.
I'm of the school of thought that Bitcoin is just another tool to take power AWAY from the people, but not towards the governments -- towards the DIGITAL MACHINE.
We think it's all cool now that we can make money with our posts, but aren't thinking about a world in which this stuff is the only way we can survive in a post-job, post-dollar world. I don't think they care WHICH cryptos you use, as long as you're on the system, the global set of fully traceable blockchains, and hooked on your digital devices to make and sustain your living.
The potential for blockchain to create ways for improving processes in monetary freedom, privacy and even identification is great. However, the challenge will continue to be adoption led by concerns of security and user interface.
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Yeah, no:
