cryptocurrency is the best invention since the internet and will go down in history as a massive event. it is beginning to cause wealth to pass into more technical and engineer focused people as opposed to the way banker controlled politicians behave today.
transfers of wealth like what's going on now have repeatedly happened over the centuries....a very predominant one is george washington's time.
you might say why hasn't the internet been deemed as a wonder of the world? well, money hits people so hard in the chest and causes famines and great displays of sickening wealth while bitcoin is amazing because even people that aren't interested in using computers that much, except for a short while on facebook in the evening; throughout their day they have probably made many financial transactions. and kids born for years now have grown up knowing nothing but technology. there are also baby booms being attempted in europe due to an aging population.
the beauty about bitcoin is that it's so divisible. when you get a stable market like the dow jones for example, the value of euros and dollars only change slowly so people pass them around like us in daily business, but they also have to because of inflation. while bitcoin is limited to a set amount of coins so deflationary but the way to counteract this deflation is in decimal points. it doesn't mean that the wealth doesn't lie, with all the smart people that got into it first and these were like steve jobs working in his garage except this time there were tonnes of garages all lit up with electricity in the first few years; but taking huge financial risk due to the belief of bitcoin, they those individuals are part of what made bitcoin today, it is like a toxic virus to the banks. using the currency is like walking around with bits of gold and chipping a little bit off with a hammer every time you want to pay for something. gold is limited too but always has value although it's not used as a currency. bitcoin is not only a currency, it's also a store of value like gold to back it up.
the people that created it do not need to profit from everyday business transactions to get so involved in making more money with with bitcoin trading etc. in the future when the market stabilizes and other alternative currencies become powerful too, those individuals will still not be financially involved with every day business making decisions - thus pure as there is human nature in the majority of us and that's the first great wonder except this time it's in cyberspace. that's better than the hoverbirds in back to the future 2.
mackminer
Topic: Bitcoin - the 8th wonder of the world (Read 183 times)
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