Post
Topic
Board Bitcoin Discussion
Re: Bitcoin is freedom
by
htsy585
on 03/04/2020, 22:43:29 UTC
The internet has destroyed the Monopoly on information. Bitcoin will destroy the Monopoly on money. For instance, Bitcoin proofs, that the world is free, and we are not slaves. In addition, just in two weeks, five Central Banks, printed about 5trillion US Dollars. Why do we need to pay taxes, if the government can print the money they need?

For example:
1. Federal Reserve just printed $3.4T
2. European Central Bank just printed 1.3T.
3. People's Bank of China just printed $455b.
4. Bank of England just printed $345B
5. Bank of Japan just printed $190B.

In response, Fiat has always been our time and work, but the Government, show us, that it's not our money. They control Fiat, so Bitcoin can only, be the freedom we seek.

Cheers

Quite understandably, the whle idea of cryptocurrency proposes a digitized currency that will give back decentralization and absolute control to people about managing their financial activities, but i assure you bitcoin can't really flourish alone unless other currency and economy out there are thriving too. Money printing is not what a government wakes up a day and do, it will have repercussions on the economy because inflation will set in and people will become hungry. That's why we have to pay tax and legal bills. Blockchain technology and cryptocurrency depends solely on adoption and there won't be much adoption if the world is experiencing global crisis