Bitcoin and investment, a history of philosophy

Although Bitcoin is a reference in terms of crypto-asset and brings together investors and opportunists, today very few know its true virtue, its purpose and can not use it. Jeffrey Wernick, investor in Uber and Airbnb, asked about the question in an interview with Business Insider, expresses his position.

The false reality that animates the crypto-community around Bitcoin

Bitcoin brings wealth, that's what the crypto-community is currently thinking, and it's hard to come up with another design. Jeffrey, a long-time investor, recognizes him and knows what he's talking about, since his main attraction revolves around developing projects and promising startups. Despite its many investment experiences, it should be said that the famous Bitcoin is misinterpreted by the community.

In the interview, the character explains how users of cryptocurrency incorrectly preview Bitcoin. According to him :

"They put the concept of Blockchain and Bitcoin in one basket, ignoring the initial philosophical framework that drove them to adopt it. "

In this announcement, he seeks to reorient the way of seeing investors, considering Bitcoin as a store of value, not as a simple means of payment and profitability by coast.

Bitcoin, the new economy

Jeffrey advocates a less personal and less stingy view of currency inflation and its market (although Bitcoin went from $ 2 to $ 2,000 in just five years). For this purpose, he invites investors to use this cryptocurrency as a real currency, regardless of its future value.Far from being an alternative for opportunists, Bitcoin plays the role of the future dollar. Jeffrey will even qualify it as "popular money". Everyone has to look at this money with a more meticulous, more open eye because the outlook is not limited to a percentage return after a few years of investment.

For him, the benefits of Bitcoin are prominent. This popular money makes it possible to go beyond the border of the cumbersome and complex capitalism established by banking systems for decades. Money "can not be counterfeit, because we know the rules under which it is created. According to this, he sees in this money the future of the liberalized, transparent and egalitarian economy.

Forgetting investments

Given the rise in the price of Bitcoin since 2009, it is difficult to divert the spirits of the contribution of cryptocurrency in terms of interest. Jeffrey is also among these big investors, especially as his ability to perceive the potential of a project is very acute. However, it is now trying to dissuade cryptonauts from moving on this basis, as current investors are unaware of the "philosophical framework" that prompted the pioneers to participate in the project.

Trading Bitcoin is for him a small part of the potential, which should not be used by the masses.

Jeffrey Wernick does not like the idea of ​​using Bitcoin as a value of speculation, stored for years until 5 or 6 years before reselling. For him, everyone has to turn currencies and exploit his virtues day by day, as in real life to exchange or transfer funds.

Decentralization, the strength of Bitcoin

Money controlled by its owner, in an environment where it is impossible to steal, falsify and tax it ... this is the power provided by Bitcoin and its Blockchain. Jeffrey advances this thesis as the inescapable foundation of the system that has led the virtual currency to current success.

It provides an explanation of the role of decentralization in a modern economic system while referring to other models. In relation to his experiences, Bitcoin is only a witness of his experiences. Uber, or AirBnb are investment lands that Jeffrey has already worked with, and whose main policy revolved around decentralization. Uber offered services controlled by the car owners and the rating offered by the customers (its name only referred to the universe of the activity), while AirBnb did not own the houses. In this same context, Bitcoin is not a central bank, but serves as an ecosystem receiving orders from its users since everyone is responsible for its activities and assets.

The problem with central banks is their irresponsibility. Jeffrey points out this fact as unacceptable, since their department manages and imposes costs while a flaw or fraudulent practice can not be criminalized, without mentioning the government policy that uses this power for his personal interests.

In summary, Jeffrey Wernick is rational about the promising future of Bitcoin, where he hopes for a more legitimate exploitation by future users, while advocating the qualities of monetary decentralization.

What do you think of Jeffrey Wernick's promising analysis of Bitcoin? Comment in the comments section below

---

Posted from my blog with SteemPress : https://infos.link/bitcoin-and-investment-a-history-of-philosophy/

---