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RE: Banks vs Bitcoin: Where Is The Money?

in LeoFinance2 years ago (edited)

If a company makes a product without a competition, and is profitable, in a free market chances are alternative products would emerge. This should encourage ambitions to deliver better goods, better services, and motivate to innovate. However, monopolies do not like alternatives and/or competition. They prefer to have none. Even in free market we see how bigger corporations simply buy out smaller innovators, or make is difficult for them to exist in the market.

That is the fact when there is a better alternative than the existing powerful entity putting everything to dominate or destroy. And currently, the collapse of the banking system is revealing the naked scenario of the system. If the individual funds are printed 10 times to run their own system then how the security can be provided which has also happened for the FTX and related entities collapses? That's why Robert Kiyosaki always tells that real money is the debt that must be revised to protect the existing system but they don't want that to keep their empire esteemed. Thanks for sharing such important facts!
!PIZZA