Post
Topic
Board Bitcoin Discussion
The World Needs a New Kind of Currency
by
aimey
on 17/02/2018, 14:43:26 UTC
The World Needs a New Kind of Currency, Bitcoin: Investor Tim Draper

“Bitcoin is the future currency,” he said, “Why would I sell the future for the past? Why would I go grab some weird fiat thing that’s subject to the whims of some government?”

As for Bitcoin’s upside, Draper argued that “the world market for currency is $86 trillion. I think that will be crypto. I think a very large portion of that will be crypto.”

Draper speaks almost of a new world order created by Bitcoin (and cryptocurrency technology, generally). “The unbanked are bankable through Bitcoin,” he asserts, with banking regulations making it unfeasible for banks to open accounts for those without sufficient cash. The unbanked, Draper insists, represent half of the world’s population.

On the question of security, given the history of exchanges being hacked and cryptocurrencies being stolen, Draper stood firm. “My Bitcoin is more secure than my dollars in the banks.” The blockchain has not been hacked, he argues, whereas banks have been “over and over”.

https://www.ccn.com/world-needs-new-kind-currency-bitcoin-investor-tim-draper/

What's your opinion about the statement of Investor Tim Draper, will the bank and government be alarmed,  and do something that would affect us negatively?