Pandora's box open again

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Avatar for martinezdamp
3 years ago

Shocked with news that really generates many more questions than answers. I believe that at the end of this year no one expected to handle information regarding a new mutation of the virus that currently attacks us, and worse, that it is declared as uncontrollable at the present time.

Of course, with headlines like this, the reactions of all the countries close to this new outbreak do not wait. The appearance of this new covid-x virus in the United Kingdom has only triggered the alarms of new restrictions until a time when it is known what to do, at least this will be handled in this way for the remainder of Christmas.

Countries like Belgium, Italy, France, Germany, Spain again begin to delineate new confinements to the population, mainly because now this new strain has its origin in the western part of Europe. Even reading "close the world again" statements makes a lot of noise and turns the alerts back on.

And with this new, now as the world is, it is probably trying to construct a new answer that fits within the logic of the current financial system. It is not ruled out and it is more a fact that new stimuli are coming from the centralized institutions that create money, logically this will be part of the strategy, little original, that will bring the dollar, a reserve of value.

And with this it must also be stated that this answer will be just as inefficient as the previous one. This is argued by the simple fact that all Fiat currencies are based on a returnable credit system and without any type of backup value that can sustain the massive presence of that monetary mass and that it already drags unevenness of inequality never seen before.

And if the answer is "inclusive capitalism", the truth is that I do not believe that it is the way to face this economic Pandora that is already here and is already uncovered.

Seeing this, which has already begun and we have not yet stepped on 2021, I have nothing left but to hold onto Bitcoin and other cryptocurrencies. Although they are underlying representations of value, in some cases, if they are worth as a unit by having an existence limitation and not following the path that many take to leave liquidity values in the shadows.

Bitcoin is showing that its deflationary concept is more alive than ever and the very idea that it is already taken as a reserve by many, including the institutional part, makes it clear that the dollar and any fiat currency is weakened and leaves a trail of uncertainty very strong.

Perhaps this article does not touch specific and technological issues, but it begins the investment of a fundamental strength that is vital in the future of cryptocurrencies and everything related, be it in the environment that is and who develops it, due to its decentralized nature or not. simply unique to take position.

This article contains its own information and does not have spaces for palangrism. Additionally, you can read this content on my Publish0x blog under the following link.

https://www.publish0x.com/cryptographic-alchemy/pandoras-box-open-again-xkyklwk

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Avatar for martinezdamp
3 years ago

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