Post
Topic
Board Bitcoin Discussion
Bitcoin becoming the standard value of commodities
by
Roseboy0202
on 18/09/2018, 13:18:47 UTC
The standard value of any commodities is the worth of the commodity
  Ever imagine a world where every commodities,good, transactions or payment are based on a particular value. So far today most commodities are based on the value of the USD $ yes it's true that the dollar is close to stability but it is still under the United States government control which mean it is not totally transparent
  So what if the global price value of commodities are based on bitcoin
  What is bitcoin? According to the dictionary bitcoin a type of digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank.
   Let us lay emphasis on bitcoin operating independently of a central bank which is bitcoin is an independent entity which is established under a blockchain technology which means it transparent and not easily influenced by any government or institution more reason
  USA constant rift with countries. Well the USA and china trade issues is one of many issues in recent times this rift can make a country not to support the USA as the standard value of commodities while bitcoin on the other hand which is not owned by any government might to have such issues now or in the future this fact still make bitcoin more credible than the USD $
  I know this would take time before the status quo is achieve but we have a part to play InThis hopefully In the future where commodities, transaction and payment are all based on the value of bitcoin
  Pls let me know your thought