Would Crypto Stop The Financial Pyramid?
Let’s face it, the current money system is a pyramid. More less the government is top of this pyramid as they can print off more money. Also they benefit from any print off anytime, while the rest of us have to pay for the increase of inflation. That is never ending cycle.
If this is the case when you don’t have a cap on your supply of money then what about Bitcoin.
Bitcoin has a supply cap of 21 million more less. That really can’t be changed.
So we think on this idea. If bitcoin were to be used as market based 100% and the main currency. We could in theory eliminate inflation and create a more fair exchange of resources.
More less you have to share your resources at the cap. No more someone holding all the resources and not doing the work.
In theory this is good, however comes a few questions. Would there still be rich people. Answer is yes. We of course will have a fluctuation of prices on supply and demand cases. There will still be diversity of people of “haves” and “have nots”. Still
Could be lower this moment with Bitcoin or would it just create same thing. That is if we started from the ground up on using Bitcoin in the market place?
Bitcoin ideals were supposed to stop the over hoarding of resources by one entity organization. Could this be possible? More less I am thinking its possible to stay wealthy on the Bitcoin system. Nothing would be there to stop this from happening just on a currency change. There needs to be a more regulation done by a body of control for this to happen.
As with Bitcoin there is no central authority, therefore banks and present governments would loose their grip on the money system. In some degree. The funding would the change and a new body of control will be needed. It’s just a case of who this new body of control is and what would they do?
It is a thought for sure. In general would really the crypto idea really stop the financial pyramid or would a new one be formed. That is the question? Are we going in the right direction and mindset on this.
Of course there has been many mentioned ideals of Bitcoin and the technology of the blockchain would have so many benefits. Would really we see this benefit in the future. It may take some time, but things are changing. At first for the worst but one day for the better.
Now your turn, do you think the Bitcoin would stop the current financial pyramid?