Quote from: Odohu on Today at 06:41:03 PM

Quote from: EarnOnVictor on Today at 04:50:28 PM

Quote from: jeha2015 on October 12, 2023, 06:57:00 PM

That's when they should appreciate the use of Bitcoin as money because it is not subject to inflation. The value will continue to increase as time goes by. The US government if given a choice, they would remove Bitcoin from existence because it is a threat to the hegemony of the US dollar, but they cannot do so because of the decentralized nature of Bitcoin.

Even Bukele admits that any country will need time to achieve prosperity. BUT planting seeds across the country is the right way to make improvements and that includes educating or creating a skilled workforce for all citizens, especially the younger generation.

I appreciate you trying to praise Bitcoin and letting people see reasons to own it, but you are just out of the line in many of your writeups just like many others here on BTT. Overemphasizing things is very bad as far as I'm concerned and is misleading people. There is no threat to the USD from Bitcoin, neither is there any threat from Bitcoin to the USD, the two have to continue to cohabit in the financial stream just like other assets before Bitcoin without any show of hatred that you people are pitching them together with.

I don't really know where the thought that Bitcoin is in competition with the US dollar cane from. I don't think Bitcoin was created to replace fiat let alone kill the it as many people, including influencers like Robert Kiyosaki, enjoy saying. It was just created to provide alternative means of carrying out financial transaction in such a way that it will not be controlled by any entity... paving the way for a free and borderless world.

Quote from: EarnOnVictor on Today at 04:50:28 PM

Mind you, if the US citizens have more Bitcoin, it's a plus to them rather than the way you are viewing it as if it would cause economic issues and hence hatred for the coin. Even the US government owns their Bitcoin, so what?

Let us stop misguiding people and appreciate the fact that the US government is one of the world powers that still support it. Or do you think if they declare a ban on Bitcoin today, it will be easy for the price of the coin judging by their standing in the world's politics and economy? China and some countries did theirs without hiding but the US never did such but finding ways to regulate the use and business around it. The citizens of the country are also one of the greatest investors of Bitcoin in the world, at least we should give them that respect.

To further add to this, the much awaited ETFs are all US base or US focused. I think Europe already had one ETF approved which did not do much to the market. On the other hand, the moment one of the US ETF receives approval, you will see the immediate response of the market... this shows how important the US is in the scheme of things.

I think that bitcoin was created to kill the dollar, even though it could take 100 to 200 years to play out.

Bitcoin is the most sound money every in existence, but bitcoin would not be able to transition the whole of the world's finances in a short period of time, especially since it has take nearly 15 years to go from zero to perhaps somewhere around 1% of the world's population invested into it... or having some level of exposure that might be even considered as low coiners for some of them.

Both systems have to exist in parallel, and sure there is not exactly a dollar system, even though the dollar is the most dominant of the fiats, so there are a lot of fiats, a lot of shitcoins and a lot of places that value is inefficiently stored, and bitcoin is going to eat the lunch of those various less efficient value storage locations (whether we are talking about fiats, or gold or properties or equities or the other various places that value is being stored) and bitcoin will serve as both a place to store value and a place to transact value, yet in the meantime, why are we going to spend our bitcoin when there are less efficient fiats (and other kinds of value) that we can spend first?