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RE: Bitcoin - Last Chance to Save Humanity?
I think the power of blockchain technology is so convincing that it's mainstream adoption is inevitable. And that's why its price has risen so dramatically. It's gone from zero to 60 billion dollars in just 10 years. Anything that increasing in value so fast will be hugely volatile as it struggles to find its price as more and more people start to get on board. Bitcoin is here to stay. There is no closing Pandora's box now. It will continue to grow as people start to buy crypto and use it for its intended purpose.
But it's adoption has nothing to do with it's price. Everyone uses pennies, but they are still only worth 1 cent.
Right, but fiat currency is full of middle-men leeches in the middle of a debt-based economy. The adoption of decentralization, having no one in charge, massively increases the value because that value is being distributed 1000 times more fairly than it is now.
I don't understand what you're saying. Yes, one cent is worth one cent, and one hundred cents are worth a dollar. What gives value to a currency is its rate of turnover in the economy. The more people that use it as a means of exchange and the more transactions they make, the higher the value.