Post
Topic
Board Economics
Re: Fix the money, Fix the world.
by
Abiky
on 20/03/2024, 21:37:51 UTC
This is an amazing perspective view. It is true that money may be used to enslave people, but it is enticing that technology has the capacity to change the way we think about power, wealth, and authority. One of the most fascinating parts of Bitcoin is the concept of independence, or operating your own bank. Bitcoin allows you to keep your own private information and handle your own funds, without depending on other people such as banks or authorities. This could result in a more equal and transparent banking system, giving individuals more power over their personal resources.

But when institutions amass most of the BTC, that's when you'll no longer have freedom/control over your money. The whole point of Bitcoin was to remove the middleman. Not embrace it. Unfortunately, human greed has led us to where we are today. Banks and governments win, while the people lose. By opening the floodgates to "Wall Street", Bitcoin has moved away from its original vision. Even though the network itself is decentralized, that doesn't mean big holders of the coin (whales, institutions, etc) can't influence the future direction of the project. Fortunately, the code is open source. If BTC fails, another cryptocurrency will carry on with Satoshi's original vision.

Be aware that once CBDCs take the world by storm, you can say goodbye to the crypto craze for good. It will be complete opposition against Bitcoin and its variants from mainstream governments. Don't expect the world to be "fixed" anytime soon, though. Sad