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originally posted by: Slickinfinity
Fiat is Keynesian bitcoin is not and that little difference tells me btc is the more fair currency for the future that will replace centralized banking in the next 25 years or less.
originally posted by: Slickinfinity
a reply to: AugustusMasonicus
Fiat is Keynesian bitcoin is not and that little difference tells me btc is the more fair currency for the future that will replace centralized banking in the next 25 years or less.
Some argue this is precisely what will prevent Bitcoin and other cryptocurrencies from taking over. Fluctuations in demand for Bitcoin and its competitors, in the face of relatively fixed supply, cause wild swings in the price.
Central banks could simply step in and offer their own digital currency, to pre-empt a Bitcoin takeover. There is such a thing already, of course. It’s what happens whenever central banks buy assets by creating bank reserves. It’s all just digital entries on a spreadsheet.
originally posted by: Slickinfinity
a reply to: ScepticScot
Our current economy is keynesian and bitcoin definitely is not.
Are you against bitcoin or just don't see it as something the banks are worrying about?
I am disgusted by our current government and the impact centralized banking has made on earths population and IMO its time for a change.
If government wants your fiat for any reason they see fit weather just or unjust they can take your money and freeze all your accounts.
They can't touch my btc and if I use a privacy coin they'll have no way to trace or see my balance or anything. I have complete control over my money and I think that's my right.
originally posted by: Slickinfinity
Christine Lagarde disagrees with you and I heard her say its something they're very concerned about especially when it hits the trillion dollar market cap.
The managing director of the International Monetary Fund, or IMF, talked up the potential of virtual currencies to supplant traditional monies in coming decades on Friday.