Post
Topic
Board Bitcoin Discussion
Re: A perspective of the future of Bitcoin..
by
AbernathyFray
on 03/05/2020, 22:41:24 UTC
If until 2016-2017 there were no laws regarding cryptocurrencies and the law could be easily interpreted so that nobody knew for sure what they should or should not do properly about owning, using and transactioning them, today we have laws that appear as if they are opposing more and more the fundamental ideas of cryptocurrencies - almost as if the intention behind these regulations was to destroy them while using this entire time the "cryptocurrencies are used in criminal activities" excuse.

I can right now do a deal with someone anywhere on the planet and pay them in Bitcoin. No one can stop me. No one can take it away from the person I sent it to. They can then turn around and do the exact same thing with anyone of their choice. The core of Bitcoin's purpose is intact.

Where is gets sticky is when the government's turf is encroached on and fiat is the the government's creation. If enough people take the leap to abandon fiat and properly close the loop most things the average person panics about will be gone. Almost every single gripe and problem that comes up is the result of having one foot in the old system.

Whether we ever get there is another matter. No one said it would be easy or quick.

Satoshi did his job. It's every subsequent arrival's job to see it through if they can be arsed.

As for the getting rich thing, if it wasn't present we wouldn't be having this conversation. No one would be mining or would have mined and no one would have played beyond 2010/11.

The day will come where Bitcoin will de-couple from the fiat currencies and stand alone.  Remember; each Bitcoin is made up of 1x10^8 Satoshis.  The day will come when people will think in terms of Satoshis.