Post
Topic
Board Speculation
Re: BTC will not DIE, People Die; Will you be the Last Man HODLing?
by
1ncehost
on 06/12/2018, 23:56:47 UTC
At this very moment, in places with poor security and poor financial infrastructure, Bitcoin enables more efficient trade and wealth creation.

https://www.coindesk.com/a-war-torn-country-in-syria-will-use-crypto-to-power-an-anarchist-state

https://cointelegraph.com/news/how-venezuela-came-to-be-one-of-the-biggest-markets-for-crypto-in-the-world

It is not a technology that creates utopia like some people claim. However, it is a successful hedge on the existing financial system. It does work in the real world for all the purposes of currency. It is also a way for people who wish to be free from the economic violence that the G7 promises for non-cooperation (economic violence being a proxy for hunger and death).

Bitcoin is the only currency in the world which can be instantly sent from one side of the globe to the other and not be controlled by an outside power. It is also one of the few ways of storing wealth that a corrupt government can not easily steal.

Bitcoin is a great thing and will only grow, especially in the developing world where these problems are every day occurrences. The downsides of Bitcoin are far outweighed by the upsides. Some people have no choice but to use Bitcoin today, and that will only increase if the world spirals into a recession or depression.