Post
Topic
Board Economics
Re: The Perfect Storm of Bitcoin Birth
by
Pepe Lapiu
on 17/02/2019, 01:49:34 UTC
The birth of bitcoin was out of necessity, giving away our tax money to bail out the bankers was the last straw. There is going to be new world economy so i'm going to stock up with as many bitcoins as i can afford
I could not agree more. However from reading this thread as an example, it's very clear that government loving and banksters loving statists are invading the bitcoin community. And it will only get worst over time.

The sad part is that they all think that regulations and Wall Street will make Bitcoin price shoot up. You and I know very well that's not true. In fact government and Wall Street can only make things worst for Bitcoin through fractional reserve banking, rehypotecation, and a myriad ways to create Bitcoin derivatives which will all be detrimental to Bitcoin.

Point is, the statists are gradually poisoning the community. And it will get worst. So much so that I fear if the Fed ever comes up with a FedCoin, they will eat it all up and demand more.

So it's going to be a bloody battle for you and me. I think and I hope that Bitcoin will grow to destroy the corrupt government and banking system. But it won't be a fast thing. It will be very gradual. Dare I suggest a few generations, perhaps?