Post
Topic
Board Bitcoin Discussion
Re: The World Without Bitcoin
by
riiiiising
on 14/05/2021, 12:47:30 UTC
Hello everybody. I'm not very good at imagining a world without Bitcoin, but I think it's worth remembering the time when I didn't hear about cryptocurrency at all and everything will work out. It's just that now and so most people remain in the dark. The only thing I can admit is that my life would not be complete without Bitcoin, but we live, move on, acquire new skills, new knowledge, including knowledge about cryptocurrency, and I am glad that there is Bitcoin in my life.

For those who are not attached to this venue of investment, they are moving forward and not being bothered  to how life may it be without bitcoin, but it's different from those who support this chain since they learn about it, they simply can't imagine how the world will rotate on them without this investment currency.

Different people do have their own views regarding to this question, more on how you believe and trust this system.

The world without Bitcoin would be a world where fiat systems would still be without any competition whatsoever. That is not too bothering for people in rich countries with stable economies, but we have seen what happens with Bitcoin volume in countries like Venezuela when inflation gets out of control.
I do not know how bitcoin looks like in Venezula. I thought everything was banned and only the government has the right to maintain the monetary system, which is fiat. Though, I believe the world would be the same if bitcoin did not exist

You obviously misunderstood Bitcoin. You can't ban Bitcoin like you can't make it disappear or keep people from using it. The more the people are in need for an alternative currency is a country like Venezuela, the more they are prone to use and trade BTC. BTC was even traded with a mark up in Venezuela when shit hit the fan. I think they paid 30% over global market price. China banned Bitcoin a gazillion times and every single time trading volume skyrocketed over there.