Post
Topic
Board Economics
Is Bitcoin only paving the way for visa and mastercard's e-money.
by
lucasxhy
on 24/11/2017, 16:39:46 UTC
People claim that bitcoin will really start playing a role in the next economic crackdown. EG: when debt is too high, people will defect into bitcoin and leave the current broken economic system behind, promoting the biggest wealth redistribution in history(something like what happened with the tally system back in england). Will the system allow for this? They would lose all control. I know this has been discussed in a higher level before, but lets put ourselves in that situation how would it unfold. I know some may argue that it wont be a quick process but rather adoption over time. However even if that's the case there has to be a tipping point. That is the process I want to understand.