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Thoughts on BTC and why it's going to increase in value parabolic.
I think the true reason why Bitcoin is becoming so valuable is more simple than any technical reason. It's a novel and somewhat democratic financial system. The main reason why Bitcoin is becoming more valuable is because it's apparently what we want finance to look like. The latest minidrama around Core made me think hard about why is it so valuable, it's the concencus model, metaphorically the users and maintainers are also the bank itself, this does not exist in the fiat system. The fiat system actually only benefits ones who hold massive amounts of assets. Only those people are benefitting from raising the price by printing. Financial control in the fiat system is basically only there to benefit elites society because by printing they increase the value of those held assets. The reason that we might go fully to a Bitcoin based system is all the above and what it is now may totally not be what it is in the future. It's both a financial revolution and a solution to the fiat ponzi. submitted by /u/nestiebein [link] [comments]
I think the true reason why Bitcoin is becoming so valuable is more simple than any technical reason.
It's a novel and somewhat democratic financial system. The main reason why Bitcoin is becoming more valuable is because it's apparently what we want finance to look like. The latest minidrama around Core made me think hard about why is it so valuable, it's the concencus model, metaphorically the users and maintainers are also the bank itself, this does not exist in the fiat system.
The fiat system actually only benefits ones who hold massive amounts of assets. Only those people are benefitting from raising the price by printing. Financial control in the fiat system is basically only there to benefit elites society because by printing they increase the value of those held assets.
The reason that we might go fully to a Bitcoin based system is all the above and what it is now may totally not be what it is in the future.
It's both a financial revolution and a solution to the fiat ponzi.
[link] [comments]
