Post
Topic
Board Bitcoin Discussion
Re: Could this just be the "LAMEST" News?
by
Jet Cash
on 05/10/2024, 08:56:08 UTC
I still   believe that Bitcoin was created as an experiment by the banking elite. It was used to gain knowledge and experience from the creative members of the cyber world. It has been a massive success. The limits imposed in its creation ensure that it will never be a thread to the emerging global CBDCs, but will be an alternative to gold and silver rather than a major daily currency. Its adoption by the banking and investment elite seems to bear this out. I believe the greatest threat to Bitcoin is the accumulation of available coins in large banking portfolios. However, this could be an advantage if the they use it as a store of wealth, and seek tax advantages rather like gold coins.
We can keep it as a public asset for less wealthy people by running nodes and solo mining. Payment for low value items via the Lightning network will also keep it as a valuable asset for " the people".