Post
Topic
Board Bitcoin Discussion
Re: Bitcoin could destroy economy
by
Silberman
on 27/10/2020, 18:11:30 UTC
What's the point though? How. can bitcoin destroys economy when on the contrary it is helping people survived in harsh economic condition such as:

(1) Why are Venezuelans seeking refuge in crypto-currencies?

(2) Zimbabwe’s Battle To Control Currency Inadvertently Boosts Bitcoin Profile

As for the reasons why several countries ban maybe, yeah maybe they think that bitcoin is being used by criminals, however, there are also nations who think otherwise. Besides, those countries that are against bitcoin are those who don't want to lose control of their population. So there are pros/cons, but I believed pros outweigh the cons by ten fold.
I was thinking the same what does anyone here gain by helping destroy the economy when governments are already doing a pretty good job at it? Many millions of jobs were lost because of the pandemic and now we know the reaction of the governments was exaggerated, was bitcoin at fault for this? No, fiat currency is going through inflation as governments began printing money to resolve some of the problems they have created, is bitcoin at fault? No, the stock market is overvalued and now investors are looking for other assets that could have more upside and they are finding in this market what they were looking for, is bitcoin at fault? No, I could keep doing this all day but I think I have proved my point.