Lionsun6
New member
- Joined
- Nov 13, 2017
- Messages
- 8
- Reaction score
- 0
- Gender
- Male
- Political Leaning
- Undisclosed
The initially idea of bitcoin was to create a currency that is not under the control of the central bank, with a limited supply, where no government nor central bank can simply print as much as they want to. It was meant to be an alternative currency to replace the fiat currency that the world is currently using. A currency that can truly store one’s wealth.
And the desire for such currency has grew stronger with each financial crisis that the world faces.
But looking today, is bitcoin still able to be that currency that it is initially design to be? A currency for fair exchange and a currency that can store one’s wealth?
I fear not. As now bitcoin has simply been used for the very purpose of “value stealing”. It has become a tool of investment, a gamble that a bigger fool will be willing to pay a much higher price for the bitcoin in the near future. A bubble has been created.
People are holding on to the bitcoin simple to trade it off at a higher price rather than using the bitcoin for daily transactions.
The sad thing is that it has not been given enough time, supports and opportunities to truly evolve into a replacement currency for the fiat currency.
Bitcoin do has the potential to be a currency that can unite all currencies of the world into a currency with no boundary nor nationality.
Yet the greed, stupidity and power hunger of the “value stealers” have corrupted it into a time bomb of sins and unfairness. Waiting to be exploded, where the last persons to hold on to these bitcoin will be the one who shall suffer a major lost in their wealth, while the “value stealers” benefit from it. It has basically become a game of musical chair waiting for the music to be stopped.
Has there been a united efforts of the world’s government to make it into a currency simple for fair exchange in purchases; and has there not been so much speculation (which the “value stealers” has inserted so much “fake values” into the currency), bitcoin could have change the world.
Now with so much “fake values” into the bitcoin, the noble idea of its creation has been contaminated. And once the holders realised that the bitcoin have less worth than they though it has, all the “fake values” in the bitcoin will evaporate into emptiness. Bring about a catastrophe crash that could make the society loss hope in all cryptocurrency.
Bitcoin has become a noble cause that is just waiting to fail. Will there be any other way to save bitcoin? I guess not, as governments will not willing to lose their control in their countries monetary policy.
I believe that the only currency that can truly obtain fairness in the exchange of transactions can only be the currency created through the value based monetary system under the Purification Social Order.
https://www.youtube.com/watch?v=Tk_IVZjCFeE
Short comic of the purification social order
And the desire for such currency has grew stronger with each financial crisis that the world faces.
But looking today, is bitcoin still able to be that currency that it is initially design to be? A currency for fair exchange and a currency that can store one’s wealth?
I fear not. As now bitcoin has simply been used for the very purpose of “value stealing”. It has become a tool of investment, a gamble that a bigger fool will be willing to pay a much higher price for the bitcoin in the near future. A bubble has been created.
People are holding on to the bitcoin simple to trade it off at a higher price rather than using the bitcoin for daily transactions.
The sad thing is that it has not been given enough time, supports and opportunities to truly evolve into a replacement currency for the fiat currency.
Bitcoin do has the potential to be a currency that can unite all currencies of the world into a currency with no boundary nor nationality.
Yet the greed, stupidity and power hunger of the “value stealers” have corrupted it into a time bomb of sins and unfairness. Waiting to be exploded, where the last persons to hold on to these bitcoin will be the one who shall suffer a major lost in their wealth, while the “value stealers” benefit from it. It has basically become a game of musical chair waiting for the music to be stopped.
Has there been a united efforts of the world’s government to make it into a currency simple for fair exchange in purchases; and has there not been so much speculation (which the “value stealers” has inserted so much “fake values” into the currency), bitcoin could have change the world.
Now with so much “fake values” into the bitcoin, the noble idea of its creation has been contaminated. And once the holders realised that the bitcoin have less worth than they though it has, all the “fake values” in the bitcoin will evaporate into emptiness. Bring about a catastrophe crash that could make the society loss hope in all cryptocurrency.
Bitcoin has become a noble cause that is just waiting to fail. Will there be any other way to save bitcoin? I guess not, as governments will not willing to lose their control in their countries monetary policy.
I believe that the only currency that can truly obtain fairness in the exchange of transactions can only be the currency created through the value based monetary system under the Purification Social Order.
https://www.youtube.com/watch?v=Tk_IVZjCFeE
Short comic of the purification social order