Topic: Why only Bitcoin Matters — (and why everything else matters less) (Read 620 times)
I don't really get why folks are getting their knickers in a twist about banks espousing 'blockchain technology'. It's zero threat to Bitcoin, might make exchanging between your fiat and BTC a whole load less painful and ram home its benefits when it becomes clear how easy it is for them to debase, blacklist or deny you your blockchained up dollars.
October 17, 2015, 05:42:37 AM
Quote
Because Bitcoin first and foremost as a permissionless, censorship free, money gives us for the first time in over 80 years, Monetary Sovereignty.
There are so many great points in this article, and the writer is right. This is why I've been telling people (once) that the price does not matter much. Bitcoin will work, be it at $270, $100 or $1. I doubt that we would ever reach a point in time where everyone would stop using the system at the same time. Being able to manage your own money, whenever you want and use it however you want, is what people do not realize properly. Until the bank(s) does something to them, they prefer to be deluded (thinking that their system is good). 
October 17, 2015, 05:33:45 AM
I like the term that they use here. "monetary sovereignty" which I think represents what bitcoin is all about especially the part where they specifically explained that "your money doesn’t really belong to you, it belongs to the central bank and thus is a poor long term store of value. Not to mention the banks may choose to revoke your use of it selectively if they don’t approve of you or your business". Which is true of course.
Indeed it it true and it's scary.
October 17, 2015, 05:04:42 AM
I like the term that they use here. "monetary sovereignty" which I think represents what bitcoin is all about especially the part where they specifically explained that "your money doesn’t really belong to you, it belongs to the central bank and thus is a poor long term store of value. Not to mention the banks may choose to revoke your use of it selectively if they don’t approve of you or your business". Which is true of course.
October 17, 2015, 04:28:07 AM
This is the best part ---> " Bitcoin is digital money, that runs on a decentralized ledger. Notice the difference? The ledger part is just a small part of Bitcoin’s innovation which is the money aspect. "
The part about the banks covering their own ass first, when the Greek crisis happened, should be a eye opener for other people too... but it seems as though they are still deep into
a dream world, where they think banks have their best interest in mind.... WAKE UP and smell the coffee!
The part about the banks covering their own ass first, when the Greek crisis happened, should be a eye opener for other people too... but it seems as though they are still deep into
a dream world, where they think banks have their best interest in mind.... WAKE UP and smell the coffee!
October 17, 2015, 03:19:37 AM
Metallica was right.
https://www.youtube.com/watch?v=W00b54UY7uE
https://www.youtube.com/watch?v=W00b54UY7uE
October 17, 2015, 03:04:29 AM
They're starting to get the point... Scary 
http://wallstreettechnologist.com/2015/10/15/why-only-bitcoin-matters-and-why-everything-else-matters-less/
http://wallstreettechnologist.com/2015/10/15/why-only-bitcoin-matters-and-why-everything-else-matters-less/
Jump to: