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United States Dollar is next.

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Written by   176
8 months ago

As we all know many countries are trying to regulate crypto currencies because they are a threat their money printing monopoly, and because central banks together with central governments want to keep on printing money without having the limit of inflation, and they are disguising their crimes as regulations.

When a government starts to issue orders that don't benefit the majority of its citizen and only the ultra rich and they wish to trap your hard earn assets on a cycle of hyperinflation that's when it is your right to change your money for something that will help you fight the devaluation of your money.

Power corrupts and absolute power corrupts absolutely, governments issue fiat currency which is back by nothing and only by the authority of itself, and the population is willing to accept that because most of the time governments are kept under control and they don't print too much many, but eventually they will print your money away where the benefits of inflation starts to hurt the regular citizen more and more. By first expanding and second reducing the money supply banks pretty much reduce or increase inflation, and by the same method they produce booms and bust in the economy.

But at the end of the day, the money printing will make all the regular citizen just serfs and peasants, but with today's technology humanity can space that by putting their money into the future next money Bitcoin BCH. Of course, central banks and the government will try to fight this to the last moment and we are seeing this already happening, in places where inflation and hyperinflation is already happening, the question is when it will be the turn for your country to try to ban crypto currencies as a whole and specially Bitcoin.

In Turkey the government is banning the use of Bitcoin as a peer to peer currency because that's the real threat to governments the peer to peer aspect not anything else, and Bitcoin supporters are right on this one, if they keep the blocks at 1 Mb for block Bitcoin will be an speculation asset at best and nothing more on which you will only bet on price going up or down in respect to your local fiat, which means that your local government and bank can make that fiat you got worthless, and so what could had stopped will just be value in the same fiat that is being devalued, in other words you don't get to space inflation or hyperinflation. But Bitcoin Cash in the other hand is a peer to peer currency.

In the case of Bitcoin BCH the government of Turkey is under direct threat and that government will have to stop printing or risk hyperinflation and so the rise of Bitcoin BCH by the people who wishes to conserve their purchasing value, in the case of BCH in Turkey they can still trade at exchanges where governments can track it and tax it because of capital gains but once people start to use as currency and salaries are paid in BCH the usage of central exchanges will be less and so the government will lose the ability to track who owns what.

When deep stick hits the fan, the government goes to the point, it is peer to peer which governments around the world fear, nothing more nothing less, everything else is just noise. If you want to lose purchasing power use fiat currencies or Bitcoin BTC because even if you gain ten thousand times or 10,000x your money with Bitcoin BTC the very next day your government print 10000% yesterday's supply you have gain nothing at that point, and as an speculation asset it will mean you will only exchange it for fiat because no one will be able to pay the transaction fees anyway if you try to use it as currency.

And that's why Turkey's government want to ban peer to peer because they know that they can make your store of value or speculation asset worthless by tomorrow, but if you use Bitcoin as peer to peer (which you can't you can only use Bitcoin BCH as peer to peer) they can print all the money in the world and you won't lose your purchasing power.

Bitcoin BCH is peer to peer because it has low transaction fees, and that's exactly what that government is banning, now all of that will come to the United States also it is just that the Federal Reserve is not desperate enough to try to implement this kind of draconian laws just yet, but make no mistake United States dollar is going the same way of the Zimbabwe dollar thanks to the Federal Reserve printing money which now they call QE, stimulus checks, and outright corporations bailouts.

I am not telling you not to accept your stimulus checks if you get them, I am telling you that if you have some extra money put it into something that saves your purchasing power against inflation and hyperinflation, and if cryptos are in your menu to choose Bitcoin Cash BCH because it is Bitcoin and because in the future you will be able to use as a currency that could increase in purchasing power thanks in part because it actually work as peer to peer but because it has limited supply and no government can print it or ban it either.

Yes, at first you will see that other countries that you know have bad currency policies will start trying to ban the peer to peer aspects of Bitcoin BCH, but your own country also is doing, and it is not only the US, it is every country in the world that is doing the same thing, printing currency and trying to ban the use of Bitcoin BCH as a currency, but US Dollar is a world's reserve so when that currency goes it will be a world wide event. Try to see beyond the store of value narrative because that's not what the governments are fighting which means they are confident they can make that redundant, they are only fighting that which will benefit you the regular citizen in the future. If government is not banning store of value or speculation asset it's because they know that is not a threat. What is good for you is not so good for your government printing currency monopoly.

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Avatar for francis105d1
Written by   176
8 months ago
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