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RE: Clarity, Regulations and Missing The Core Concept

in LeoFinance5 years ago

I find it odd that the designer of Bitcoin did not foresee the impossibility of using Bitcoin as an electronic peer-to-peer payment system. It should've been obvious based on its slow throughput.

But what Bitcoin is shaping up to become is a neutral reserve asset that is increasingly accepted.

There will be no consumer price inflation. Instead, it is completely obvious that there is massive asset inflation driven by money printing. The economy is in the shitter as it is littered by zombie corporations and unemployment is at a record level. Still, the stock markets of the world are going up.

What we're witnessing is asset classes across the board turning into inferior versions of Bitcoin as a speculative asset. Bitcoin has captured pure speculative energy and will hopefully suck as much money printing driven speculation out of all other asset classes. It would be wonderful if in places like Vancouver, BC, Canada - or the south of England, young people with normal jobs would be able to purchase homes without inheritance.

As a HODLer of Bitcoin, I'm looking forward to governments and banks buying up all the Bitcoin they can. Let them keep it and make us rich in the process. That'll shake things up a little bit in the top 0.1%.

What I agree with you is the real people's cryptos being the likes of Hive.

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As a HODLer of Bitcoin, I'm looking forward to governments and banks buying up all the Bitcoin they can. Let them keep it and make us rich in the process.

Kind of hard of having a one million BTC at this point with only the push of retail.

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There's also the corporate sector and we've seen them directly invest in Bitcoin.

Governments and swapping cash for BTC in their balance sheets would be something new at least in the West.

Iran is subsidizing Bitcoin miners with cheap energy to circumvent sanctions.

Interestingly, Pakistan has an energy glut it is turning into cash by mining Bitcoin with the excess generating capacity.

https://www.dawn.com/news/1609742

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I love Iran's approach towards Bitcoin.

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