Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: Some inspiration in the future of Bitcoin from the history of paper money
by
DapanasFruit
on 02/08/2021, 03:42:42 UTC
⭐ Merited by RainbowKun (1)


The evolution of money and the establishment of central banking became the founding pillar of our modern monetary and financial system as we are seeing it being utilized on the global scale. As what we witnessed in 2008, there were and still are many huge problems with the system and coupled with the unchanging human nature of corruption and indignity, collapse of the system was then imminent if not for the rescue engineered by the government itself using the money of the people (presently living and those who are still to be born).

Then we have the entrance of Satoshi Nakamoto who brought to the world a new and game-changing innovation called Bitcoin using the blockchain technology as its foundation. At its core, this is going to be a disruptive model. Of course, those in the government assumed that this will never grow and flourish but alas what they feared is now coming true so that they are now noticing and issuing alarms. In the next few years, we are to witness a big battle between the people who are now trusting Bitcoin and those who are representing the old economic model. Which side will win is something exciting to watch.