Quote from: viljy on May 22, 2025, 09:33:49 AM

But with bitcoin, not everything is as good as with gold. Because Bitcoin is subject to control. First of all, the price of bitcoin can be controlled by large holders. The network itself is completely controlled by the miners. That is, it is enough to control the miners to control the network. Most of the mining facilities are located in the United States, where the government will have no difficulty controlling anything, including the miners too.

Does not this apply to any asset too? Just how you say Bitcoin price can be controlled by large holders, isn't gold can be controlled by large holders too? About the network, it is not completely controlled by miners, they may enforce the rules but they do not create them, there is also nodes that validate transactions, the developers that decide the path of development of Bitcoin through concensus and the users that suggest ideas. This simply shows that the Bitcoin network is not controlled by a single entity, group or individual.

Quote from: viljy on May 22, 2025, 09:33:49 AM

Therefore, the largest countries consider bitcoin only as a situational tool that is convenient for calculations at the moment, but not as a currency of the future or an investment. However, I think that bitcoin, nevertheless, will be widely used by individuals when capital is fleeing from treasuries and other assets, because there are very few alternatives.

Does Bitcoin need to be considered by these large countries? As far as I know, Bitcoin had been thriving even before these large countries adopted Bitcoin for profit.

Quote from: Ishicryptic on Today at 01:06:48 PM

Despite any shortcomings that the US dollar is experiencing presently it still remains the top currency in the world today, no doubt about that and I see it remaining in that top position despite all odds. We don't know what will happen in the far future but now and the foreseeable future gold and Bitcoin will still remain alternatives for trades and reserves. I think that it is a good thing that people and other governments have these alternatives so there won't be any panic if US dollar doesn't live up to expectations anymore. What I foresee is that the dependant on the dollar for reserve and international trade will not be what it has always been for decades, countries can confidently hold and trade gold and Bitcoin because they don't have any direct centralized control.

We all know, in any situation those who are powerful enough can make their belongings on top like the USA, since they are the strongest country, their assets and their reserve somehow influence the ranking of their currency. Althought it is not the most expensive, it is the strongest and most influential(dominant) in the global economy.