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RE: Why Centralized IT cannot be Protected and how Decentralization will Render these Attacks Obsolete

in #technology8 years ago

The reason the current rulers are so wealthy is because of the printing press. They simply use government controls to exclude the average person from competing with them. This is what corporatism does. The reason they don't like bitcoin is because they can't control the amount of it that gets printed in the same way they do with USD and other flag currencies.

Take the ability to print money away and suddenly their war machine will be threatened. Did you wonder how they were able to do it in the past? World wars were only made possible by going off the gold standard. Wars stop because cost stops them, but not when you have a printing press and can mint up all you want. With bitcoin this is impossible.

This half hour talk will make it clear for you...

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Thank you for your great comment!

"The reason the current rulers are so wealthy is because of the printing press."

I agree with you. And now all those weathly rulers will be able to enter crypto market with money we regular people dont have.
And their power will become even greater than ever before.

" The reason they don't like bitcoin is because they can't control the amount of it that gets printed in the same way they do with USD and other flag currencies."
I completly agree with that statement.

"With bitcoin this is impossible."
I dont think wars will stop because of bitcoin or blockchain. Why would they stop? This technology is nothing else but shifting powers from current goverments to forces and people we do not know yet.

Cheers,
Piotr