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RE: Technological Abundance!

in #joy7 years ago

This was a beautiful post @teamsteem, this age of cryptocurrency is an enlightening endeavor that showcases how much governmental control all of us are essentially under at all times. Countries and banks bail themselves out all the time by simply "printing more money". Where's the fairness in that?

Your tie in to decentralized currency is right on the money as it lets everyone freely control and move their finances without institutions draining enormous fees from us. We are the drivers of our lives, not the banks, not our governments but us.

I'm glad that you write every post as your last, because tomorrow isn't guaranteed for any of us. I enjoy all the motivation that you provide the community as a whole, no matter what we have or don't we should all be striving for a better future, for everyone.

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Bitcoin also keeps itself alive by printing more Bitcoin. Any currency requires inflation to motivate its survial. Maybe you should Google up on game theory to understand what motivates adoption of currencies.

Bitcoin actually has a definitive amount of coins, that is known as a "controlled supply" on how many will be available in total. There are many things that help a currency adopt and maintain a value. In cryptocurrency, things like the security of the coin, how many there will be, and what projects it is used for can fluctuate the price. You can learn more about the limited supply of Bitcoin itself here c:

https://en.bitcoin.it/wiki/Controlled_supply

All that matters is market cap. If there's a limited supply, then the price of each unit will increase instead.