3 ms·
I feel like in all of these near-focus discussions one very important thing tends to get lost. its that Bitcoin is the first realistic attempt to take the power
by DesiLurker 5y ago
I feel like in all of these near-focus discussions one very important thing tends to get lost. its that Bitcoin is the first realistic attempt to take the power of issuing money away from politicians & central bankers. we all know it is not perfect but we have to acknowledge if it becomes a bit stable and more players buy into it then there is a good chance it could be a currency hedge commodity like gold or other precious metals. eventually its possible that many small currencies can be keyed off of it directly or indirectly by easy convertibility. In that bitcoin itself may not succeed but IMO some other block-chain based effort would. I think given the size of world economy & currency markets, a couple of trillion USD of market cap may be justifiable if it becomes successful in that.