Bitcoin as a tool for the defenseless/debilitated to combat the most influential

mvdheuvel1983

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Quote from: Promocodeudo on May 07, 2023, 05:50:16 PM

With the uptrend of Bitcoin, soon many countries perceived as less powerful will be taking the bold step by adopting Bitcoin institutionally to lessen the effectiveness of US dollar and British pounds which are regarded as being the most used and powerful currencies. they are going to do this in a clever and surreptitious way in subdueing it's expends in their country to enable them to maintain influence of their citizens.

Bitcoin is not in a currency war with the Dollar, gold, any other currency. It is on its own. Small nations that are performing abysmally economically are too scared to take the bold step just like El Salvador and adopt bitcoin. These are for many reasons - political, influences from the west, their citizens are just not ready, technological etc

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Bitcoin as an indistructive currency is a good option to deploy in other to counter your perceived persecutors.

It is true but it is one of the measures. If bitcoin is still used in a country where corruptions and terrible economic policies is the order of the day, it will be of no good to those countries.

BitcoinPanther

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Quote from: Promocodeudo on May 07, 2023, 05:50:16 PM

With the uptrend of Bitcoin, soon many countries perceived as less powerful will be taking the bold step by adopting Bitcoin institutionally to lessen the effectiveness of US dollar and British pounds which are regarded as being the most used and powerful currencies.

I do not think that majority of the country will use Bitcoin to combat the influence of US dollar and British pounds. More likely these country will focus on strengthening their own currency by improving their economy. Most of the government are still not into Bitcoin, the best they can do is just accept it so that they can milk it for profit. Aside from that, the government always aim for control so this will hinder them from using Bitcoin because they know using Bitcoin will not strengthen their own currency.

Quote from: Promocodeudo on May 07, 2023, 05:50:16 PM

they are going to do this in a clever and surreptitious way in subdueing it's expends in their country to enable them to maintain influence of their citizens. Bitcoin as an indistructive currency is a good option to deploy in other to counter your perceived persecutors.

AS I stated the government will rather use their own national currency, strengthen it to keep the control over their economy and lessen the influence of USD and British pounds. Shifting to Bitcoin will make them lose their grasp on the financial aspect of their country because Bitcoin is decentralized and it is more dangerous because only a few people are holding the majority of Bitcoin supply. The government won't allow their economy to be under the grasp of these people, will they?

GeorgeJohn

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Quote from: OcTradism on May 07, 2023, 08:37:55 PM

If small nations accept Bitcoin, make Bitcoin legal tender, it is not because they want to lessen the effectiveness of US. dollar or British pound (reduce purchasing power of those fiat currencies in other words).

I want you to understand that if four popular countries accept Bitcoin as a legal tender and whosoever that want to import goods can purchase it with cryptocurrency and especially bitcoin and U.S refused to accept bitcoin and maintain their dollars rate, its obvious that if people start using bitcoin for payment of goods and services it will affect u.s goods and it will contribute for degradation of dollar value because its obvious many countries are using dollar as higher currency and with use of bitcoin and it legalisation as a legal tender in four countries dollar rate will loss value because its has been dumped with so many countries, shall nobody can predict what might happen because know human predictions can be accurate, I just responded to this with assumption.

OcTradism

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Quote from: Promocodeudo on May 07, 2023, 05:50:16 PM

With the uptrend of Bitcoin, soon many countries perceived as less powerful will be taking the bold step by adopting Bitcoin institutionally to lessen the effectiveness of US dollar and British pounds which are regarded as being the most used and powerful currencies.

If small nations accept Bitcoin, make Bitcoin legal tender, it is not because they want to lessen the effectiveness of US. dollar or British pound (reduce purchasing power of those fiat currencies in other words).

They do it simply and mainly because they will have a strong tool to hopefully get rid of their national debt and more things. You will see small nations especially countries are in deeply debt will do legal tender for Bitcoin first.

Purchasing power of US. dollar will mainly depend on FED decision to stop printing more US. dollar or continue printing it or increase the printing rate.

Purchasing power of the US. dollar over time

GreatArkansas

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The uptrend of what? On the price of Bitcoin? Because if yes, I don't agree with it, Bitcoin must be known and used regardless of its price. Keeping in mind that Bitcoin is not a solution to all financial problems is crucial, but in just some other way, it solves only *some*.
But I agree with countries that adopting Bitcoin because it will help Bitcoin also to be known to other people and will help the Bitcoin community to grow.

Promocodeudo

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With the uptrend of Bitcoin, soon many countries perceived as less powerful will be taking the bold step by adopting Bitcoin institutionally to lessen the effectiveness of US dollar and British pounds which are regarded as being the most used and powerful currencies. they are going to do this in a clever and surreptitious way in subdueing it's expends in their country to enable them to maintain influence of their citizens. Bitcoin as an indistructive currency is a good option to deploy in other to counter your perceived persecutors.

Topic: Bitcoin as a tool for the defenseless/debilitated to combat the most influential (Read 82 times)