Post
Topic
Board Bitcoin Discussion
Re: Bitcoin Prophesy
by
amishmanish
on 11/01/2022, 15:17:47 UTC
--snip--
 At this time, Bitcoin and other cryptocurrencies are not going to be a big deal anymore. No one will care about whales and sharks manipulating the market prices because there will be sophisticated systems put in place that serve as buffers.  It’s going to be like having a dollar or your local currency. Everyone will have it no matter how little.
God, Why do new posters have to type everything in one bunch. Use paragraphs man. All it takes is the "Enter" key on your keyboard. Also, what is this deal about "Sophisticate systems in place that serve as buffers".

Whales and sharks manipulate markets everywhere. They are also free-market players acting out of their own self-interest. Sure an anonymous, unregulated market does give them a free hand. Despite this, crypto communities have been good at self-policing. The scams and manipulation is continuing to be a problem but if we need centralized actors to solve that, then this whole thing may as well be the same as banks.

When Satoshi created bitcoin, it was meant to be a P2P currency that can lead to free trade among individuals. It has now evolved to be a currency and a form of money by itself. Currency is the lifeblood of international trade and economy and that is the role that Bitcoin can potentially fulfill better than traditional currency. Apart from that, the transparency make it one of the best ways to manage public funds. Like why isn't the UN already using it, I'll never understand.

Bitcoin needs no prophets and prophecies. Its just a system that gives hope for a better future, a more connected and informed mankind which is aware of the importance of privacy and security. That is how it needs to be looked at, rather than some sort of magic pill for all our pains.