Post
Topic
Board Economics
Re: Banks admit they fear BTC
by
Boov
on 02/06/2018, 13:00:08 UTC
https://cointelegraph.com/news/polish-central-bank-secretly-funds-anti-crypto-youtube-propaganda-videos

Something i have been suspecting for a long time, now it has been officially confirmed.

Banks and governments have been investing in fake news to discredit the cryptocurrencies, because cryptos can save us from poverty and slavery.

The news against BTC indeed seem terror messages made on purpose.
There have been too many, too frequent and too aggressive fake news, and i felt like something is fishy about them.

Bitcoin is a way of letting common people have their own money in their hands like normal cash, and exchange money[1] with other people directly from remote (that is a plus compared to cash ).

This is good for us, not for the evil ones.
Our beloved gov guys prefer us to put our money in a bank account, which is like we are lending them our money and hope we will see it again.
That is also why the govs are trying to reduce or ban normal cash ( e.g. read this https://www.zerohedge.com/news/2016-12-14/real-reason-elites-want-ban-cash , or this http://moneywise411.com/government-attempts-to-ban-cash-whats-most-disturbing-is-why-theyre-doing-it/ ).


Go crypto and HODL my friends.
They fear crypto because it can save us


I personally do not think that government fears bitcoin or even banks.  Government can sustain itself no matter what happens, it has many source of funds and their major source of funds is tax, and we people can not avoid tax no matter what. Banks should not also be afraid of bitcoin , a lot of people saying that " you can earn morethan banks can offer for you" where in fact banks is not built for investment , it is for security of your money , it is very low risk and the general rule of investment is the lower the risk the lower the return , people puts money on bank not because of their interest rate but because of security . if you are saing that government is afraid that people might get rich , I dont think so, Rich people makes more employment and it is also a benefit for a government.



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[1] With "exchanging money" i don't mean just forex trading, but all commercial exchanges like buying goods directly from other people
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