Post
Topic
Board Bitcoin Discussion
Re: Bitcoin and Triffin Dilemma
by
Lucius
on 30/07/2021, 12:35:48 UTC
What we care most is always the future of Bitcoin. Will Bitcoin be a universal currency recognized by all countries? My answer has always been yes. My view is that Bitcoin will not only be recognized by each government, but become a true super-sovereign currency, anchoring the entire economic and financial system of human civilization.

You don't stand firmly on the ground, and you live in one of your fairy tales and imagine things that are actually impossible. Bitcoin as a decentralized value system will never be able to become what you imagine, because if you haven't noticed China and the US as the world's leading powers have a completely negative or partially negative opinion when it comes to Bitcoin - and it's no different with India or the EU.

Bitcoin may be an alternative to the existing financial system, but it will certainly not replace it - after all, every country is stable and strong as much as, among other things, its national currency is strong. If you think it’s possible for 200+ countries of the world to agree on something, then you really have no idea about politics.

It can naturally replace gold and become digital gold. In the end, we will gain a new global currency and financial system with Bitcoin as the kernel. Of course, that could be long, maybe ten or twenty years. But it will certainly come.

What if a new world war happens, if the internet infrastructure falls and we go back a hundred years to the past? You think only in one direction, and you don't take into account that the systems you claim will be replaced in 10 or 20 years have their roots hundreds of years in the past.