Post
Topic
Board Nigeria (Naija)
Re: What if the Bitcoin was in note?
by
Jaycoinz
on 17/05/2024, 19:45:52 UTC
In all countries around the world there currencies are all printed in paper which is called note though there maybe countries who still use coins till now. All around the world money can be misplaced maybe from your pocket, your hand or maybe your wallet may even get lost but still some people don't feel it when their money get lost because it's not that very high in exchange like in Nigeria where we have our highest currency which happens to be 1k and many other currencies like #500, #200, #100 and others most times we misplace this money and others pick it up with joy of having what you didn't work for but in this recent economy everybody has refused to lose money as usual ( laugh ).

What if the Bitcoin was in notes and with the same value as it has now, do you think anyone would misplace it or even walk with it on the street. Eventually you see a Bitcoin note will you return it to the owner. Let's be sincere and also see it as fun.

Digital currency can not be in a note, why Bitcoin is still decentralized is because know one controls anything about it, the inability of the government not to control Bitcoin is because it is not in a note, note currency are only for countries and they are centralized, there was never a plan on ground to make Bitcoin a note, Bitcoin is a p2p digital money system that enables you to send and receive values without control or involvment of anyone apart from the person that you are transacting with, with Bitcoin,you are in charge of your money, the decentralized future of money is in the hands of Bitcoin, so note was never consider during the creation of Bitcoin because note is inflationary, centralize and lacks the potential of acting as a digital money and at the same time store of value, this idea of note should be erased because it not goung to happen.
Well to add to what you just said, Bitcoin is simply the only cryptocurrency that breaks that barrier of personal control and or should I say central control and na this reason na make Bitcoin never actually get something wey dem fit pin am put for him head. Bitcoin no be today something and e don really make the whole world see money and finance transaction on a different level na make dem no go fit turn am to paper and beside who you wan hold make him come do this kind thing, well to answer you " NO BODY" Bitcoin is decentralized.