Post
Topic
Board Economics
Re: Bitcoin Will Change Everything
by
Hell-raiser
on 16/12/2017, 09:32:01 UTC
We are entering in the new type of economy where price predictions are not possible any more because productivity and prosperity of humanity will rise to the new golden age level. Bitcoin will go to 1 million dollars in 2018 and is being used by central banks as a global stardard ledger - dollar will fade slowly those who buy now will become the new wealthy elite.

What does Bitcoin price have to do with the prosperity and well-being of mankind? Bitcoin is not producing anything and neither does it facilitate smooth exchange of goods and services, directly or indirectly, as money is supposed to. So what's the purpose of Bitcoin other than speculation? More specifically, in what way is it going to add or contribute to the new type of economy you speak of? And man what type of economy is that really, a speculative one?