Post
Topic
Board Bitcoin Discussion
Re: Hillary Clinton: Nation states should pay attention to the rise of crypto
by
drawingthesun
on 21/11/2021, 10:27:50 UTC
Funny thing is Bitcoin is more of threat to USD when the USD is handled poorly. For example when the US government prints trillions and trillions more dollars than they can recover in tax revenue, thus inflating the currency.

Basically what Hillary wants is the ability for the Gov to mess around with the US dollar without a viable alternative for their citizens.

Bitcoin changes that landscape, allowing an alternative for when their citizens say enough is enough.

So conversely it’s the government’s mismanagement of the USD that makes Bitcoin attractive and gives it more power. Hell Satoshi likely built Bitcoin as response to runaway USD inflation and printing by central banks. Satoshi spoke about that around the inception of Bitcoin and made a great point about the inflation control built into Bitcoin at its core. Not just core code but core philosophy.

Bitcoin would have less power, less reason to exist if fiat currencies like the USD were managed in the best interest of the population and not in the best interest of government power and banks power.

Hillary intelligently deflects by saying Bitcoin is the issue.