Post
Topic
Board Economics
Re: Bitcoin was created for time like this!
by
hatshepsut93
on 15/03/2020, 19:54:12 UTC
Investors have not spent their time in studying bitcoin white paper and most of them did not have the knowledge of bitcoin be a safe haven during natural disaster like Corona virus as this is the best means of holding and transferring values without third-party involvement and services. I believe that our governments are going to see good in blockchain and promote it as the best means of using money during epidemic like Corona virus. To me this is blessing for bitcoin and the economic experts are going to see good in blockchain for the first time.

Bitcoin whitepaper never stated that Bitcoin is a safe haven, it says that it's a peer-to-peer digital currency. The idea that Bitcoin is a safe haven or a digital gold started floating around much later, and it was always untested. And even if there were such words in the whitepaper, it doesn't mean that it's automatically becomes true - the market decides what is a safe haven and what isn't.

As for blockchain technology, it has absolutely nothing to do with the coronavirus. Well, I'm sure some scammers will try to create a blockchain for fighting the virus, but at its core blockchain is completely unrelated.