Bitcoin is ...
• open-source software
• a cryptocurrency
• a store of value
• digital cash
• a self-fulfilling prophecy
• the reinvention of money
• the biggest redistribution of wealth, at least since the industrial revolution (which shifted massive amounts of money from few aristocrats and / or ultrarich major landowners to creative manufacturers and further down to the workers)
• an ETF on the world economy
• the end of the monetary system as we know it
• the end of boom and bust cycles
• the end of "endless war" financed by endless (fiat) money
• the end of taxation without legislation (also known as inflation)
• the end of pension time bombs (http://www.visualcapitalist.com/pension-time-bomb-400-trillion-2050/)
• the backbone of the new internet (blockstack:
Have a nice weekend!
Great article: https://tokeneconomy.co/cryptocurrencies-are-money-not-equity-30ff8d0491bb
Ok, maybe not necessarily Bitcoin, but crypto is the future for sure!
Also wrote about the current situation if you're interested: https://steemit.com/bitcoin/@aezakmi/crypto-stats-bitcoin-going-solo-again-market-cap-support-and-top-10
Cheers!
Thanks for your comment!
My opinion: the last altcoin rally was fuelled by very much ignorance and hype and this will not be repeated. The next crypto rally will be accompanied by investment and trading experts with lots of experience. That and the proposition that Bitcoin is the best store of value is why I think that the market dominance of Bitcoin will even climb much further, beyond 90%.
I personally don‘t see a necessity for litecoin, bitcoin cash or dash and think they will be eaten by Bitcoin, though I hold a small amount of each. Ripple is straight out scam.
And there are blockchains with a stable community and which are designed so that users have an incentive to hold its token, which will accrete value. I hope and think Steemit is one of it, perhaps Augur.
Concerning platforms like Ethereum, EOS, NEO I am uncertain where‘s exactly the incentive to hold tokens. Plus, there is the risk that rootstock will turn these platforms obsolete.
That's what I am most in tune most with. However it's still the modern aristocrats that own the most amounts of BTC in my opinion.
Schönes wochenede!
I think the modern aristocrats sit here:
(Putin)
or here
ECB
and they own much fiat money, companies and real estate.
They could be the investors fuelling the next crypto boom.
Schönes Wochenende! 😎
Certainly, I knew that Bitcoin is totally disruptive, but not that its potential was so great. Nor should we forget the technological benefits of the Blockchain, it has the potential to change many industries. Thanks for sharing.
Yes, I also think that different blockchains will change many industries and have a certain value.
Concerning the absolute value accretion, I think, all altcoins will pale in comparison to bitcoin.
Bitcoin is also the future
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Wonderful post! Well said! Bitcoin is the end of the nation-state paradigm as we know it.
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Bitcoin is vast and the king of the blockchain tech... too
@roy2016 You can read ....
Hell yeah, I can read 😎
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