There is no doubt that Bitcoin (BTC) and its blockchain represent for the 21st century what Gutenberg's printing press did in the Middle Ages, both constitute disruptive inventions that forever changed humanity. In the case of BTC, in such a short time it has managed to shake the foundations of the world economy by using technology as a way to break with the old fiat or fiat regime with the US dollar as its greatest exponent.
As a result of 50 years of application of the fiduciary model as a result of Richard Nixon's decision to untie the dollar from its support in gold, the Federal Reserve (private banks) takes the liberty of printing as much money as it wishes by virtue of the fact that it already it does not require a gold metal equivalent to have a value, simply relying on the largest economy on the planet is enough. But this unstoppable impression of dollars (and euros, pounds, rubles, etc.) has led humanity to be dependent on debt as a means of escape from poverty, a situation that rather intensifies it to the maximum.
Getting out of poverty by contracting more debt is like seeing a dog trying to bite its tail, deep down it knows that it will get nowhere doing that, however institutionally it does not stop trying to catch that part of its anatomy with its teeth. When we turn to credit cards or mortgages to solve our financial difficulties, we are simply doing what the dog with its tail. Perhaps because of institute or because they do not leave us another way out, we generally end up giving in to the great world dictator: the bank.
Image from Screamcrypto
For the creators of this brutal economic engineering the methodology is simple: they, through the FED and Central Banks, create the money through printing or constant issuance, then their friends the bankers buy these currencies almost for free, judging by the low of interest rates, then these millions of dollars per second are distributed between the rich and powerful (you know, the Jeff Bezos or Elon Musk of the world) who immediately acquire shares (rather they buy back those of their companies) or goods that are revalued in the time. Unfortunately little or almost none of this flow of money reaches the majority, who are forced to feed this endless cycle with more debt.
For the creators of this brutal economic engineering the methodology is simple: they, through the FED and Central Banks, create the money through printing or constant issuance, then their friends the bankers buy these currencies almost for free, judging by the low of interest rates, then these millions of dollars per second are distributed between the rich and powerful (you know, the Jeff Bezos or Elon Musk of the world) who immediately acquire shares (rather they buy back those of their companies) or goods that are revalued in the time. Unfortunately little or almost none of this flow of money reaches the majority, who are forced to feed this endless cycle with more debt.
All of us who know what it means to live under a fiduciary regime know that at some point this method of enriching the few through the debt of all (like a grand Ponzi scheme) at any moment will come to an end. Now, will BTC be the super hero that saves us from the fiduciary model?
By its constitution, the BTC intends to develop a new independent economic model, free from manipulation by governments, banks or common institutions, which allows the citizen through the use of its technology to establish commercial transactions without intermediaries, 100% secure, which is impossible. to be kidnapped or sanctioned by the established regime. BTC is a phenomenon more than economic, it is social, accessible to anyone wherever they live. However, BTC has very powerful enemies, starting with banks and states who raise the need to regulate cryptocurrencies as a way to protect people's wealth from the volatility of the price of these virtual currencies.
It's a fact, BTC as an investment security is risky. Just as it easily rises, its price goes down, generating uncertainty among those who own this crypto as a way to obtain wealth through financial speculation. In particular, this is an erroneous way of giving value to the main cryptocurrency because it certainly distorts the reason for its existence. More important than owning bitcoins is to use it to stimulate our economy, commercial exchange, salary payments and savings with cryptocurrencies, by virtue of its widespread use in everyday life will allow us to create a form of wealth that will free us, regardless of the price of the BTC.
Posted Using LeoFinance Beta
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