If a Zimbabwean farmer wants to avoid the devalued 'trillion dollar note' to sell his wares, what if he can trade (via a cell phone) to transfer value cheaply and just GET PAID?
Is he interested in the price of Bitcoin, or what it can do for him? I don't think so.
7 billion people are NOT going to become Bitcoin speculators, but they might use BTC (or its successor) to transmit money, to trade universally and to create a whole new world system of value exchange.
This. Just this.
Anyone who wants to discuss this would be welcome, as I think we might be all missing the point.
And this is why wall street is not 'in', because you cannot buy the idea, and the coins are ultimately not what it's about.
It's the idea of freedom of exchange - it's so fucking radical..... and we are just playing with speculation, but this is a game-changer for the planet.
How many trillions of dollars traded per milli-second in HST data centres in NY State, but MAYBE the man on the street can escape and be free of the massive manipulation of his world.... by trading for his production directly with the buyer, without a middleman in a suit scalping him.
Revolution.
And 5 billion people want THIS. I worked in NYC for years, I know manipulation is all about .
Wall street is fucked if the network allows this and billions of tiny transactions will crush their 'master-of-the-universe' world.
I really think we are watching something special happen - but it isn't going to be what this forum is focusing on, it's going to be something completely different.
Mark my words / ignore me - but this is what I am thinking about. Not TA on next week's price.
I am interested in free-thinking start-ups with game changing plans for the 4.5 billion (plus) people who want to find a way out of corruption / exclusion and disenfranchisement the financial world is offering them now.
Pent up demand?
Yeah.
+1
Nice post. I think Wall Street will find a way to thrive too though, and this is not a bad thing.