Ok, rant done, what would happen with Bitcoins in the above scenarios, I see a few options.
- People will invest in BTC, in fear of loosing their 401(k), etc. That will push price up.
- Gov will speed-up on criminalizing BTC, as they will see it as a fiat sink hole (safe heaven). That will push price down.
So, what do you think?
My taught of the day, what's worth more? Think about it? Some BTC, with it's speculation, price rising and falling, but with well established limits, or something the majority of the mass call "fiat", which have clearly no boundaries, and which if you don't have enough, you just invent more, raise the roofs, as pleased?
- Even a fool with minimum common sense would be able to see that 1 BTC should be worth much more than 1000$.
- But it take a wise to see the irony of valuating BTC with something as futile as fiat.
- The enlighten hope that someday we'll drop fiat altogether for something much more noble as cryptocurrency, which does have hard mathematical limits, and can't be messed with by some high elite minority who decide one day that we need to raise some arbitrary limit here, tweek something there, etc. in their favor just to evade years and years of misbehaving.