Bitcoin Deserves To Threaten The US dollar As Reserve Currency and Every Damn Currency In The World. And ETH is Not Money...
You've probably read the news already that our dear Hillary Clinton, who's not actually an angel on earth when it comes to destroying lives in countries such as Libya for example, has had "the balls" to say that Bitcoin threatens the US dollar as a reserve currency.
Hell Yeah! That's what it was designed to do, honey...
What Hillary hasn't mentioned, though, in this equation, is the fact that 40% of all the dollars in existence have been "minted" the past year and there's no cap on the supply of them. Bitcoin is capped at 21 million and no one can do anything about that.
I am Romanian, I don't know much about my country's economy and neither do I get too good the one of the US, but if I were an American I would ask myself this question: who owns, or lets say who is behind the federal reserve and why the Rothschilds and Rockefellers are never mentioned in any top richest people in the US?
The current financial system is crooked as hell, it's designed to sustain the fat mouths of the ones who created it and its acolytes and rolled towards basically destroying the middle class. Pretty much the same happens in all the economies around the world.
I heard the other day that the UK would like to get back to EU. Well, I'd be damn... weren't you guys saying you feel like giving too much and receiving too little, did you suddenly changed your mind?
The way I see it, Bitcoin should threaten every damn reserve currency/transfer currency in the world. The past couple of years are clear proof of how corrupt the current governmental and economical systems are. Bitcoin knows no corruption, you can't bribe miners...
So far, it's volatile nature has held it back from becoming a reserve currency, but as stated many times on my blog, I believe we've entered a different phase in mass adoption for Bitcoin and the big players will see it more as such, than just a highly speculative internet asset. Just take a look at El Salvador and see how well it works for them...
ETH is not money. It was praised so much for scalability, but it fails on one of the most important attributes a crypto should have and that's transaction fees. $25 for a $50 transaction... That's insane. A friend of mine told me the other day that he wanted to transfer $50 worth of ETH from Binance to Metamask and if using Ethereum network he would have been charged with $25 in fees. HIVE does that for free...
Taproot will change Bitcoin for the better(from a scalability perspective) and the Lightning network proves its utility in making it a usable currency. So, why the hell shouldn't Bitcoin threaten the US dollar and all the damn currencies in the world? It has all the aces in his hand, so lets play the game! Hope everybody had a great Friday, wish you a beautiful weekend and see you to the next post.
Thanks for attention, Adrian
Posted Using LeoFinance Beta
