Post
Topic
Board Bitcoin Discussion
Re: Can Bitcoin save us
by
$weetne$$
on 28/08/2024, 19:33:41 UTC
With global markets headed towards an economic downturn once again, I'm reminded of why Bitcoin was created in the first place... centralized financial institutions cannot be trusted.
But as the fiat currencies like the dollar continue to deteriorate in value, it's becoming increasingly clear we need a real alternative.

We can not rely on the US dollars or any other currency to save the world because they can not. All currency that are centralized has one flaw and that is they are infinite, they keep printing more money when they run into problems but printing more money does not inflation which is the problem and only increase it. Bitcoin can help us to avoid getting our money to get inflated because when we store our money in Bitcoin, and when the price rise it is giving us more money when we covert it to any fiats of our choice. We do not need Bitcoin core or developers to decide what Bitcoin is because Bitcoin was created for the society and we can decide if we want to use it as a currency or as digital gold. We can also use it for the both purpose because Bitcoin is capable of being an asset and also other things.