People are losing their jobs, and having their life savings value being inflated away. It is getting hard just to make ends meet and believe it or not we're already under some form of depression, at least most of the countries where fiat currency is way underperforming against dollar.
To solve problems, governments everywhere seem to rely on only one thing that is 'Print More', as if printing more paper trash were gonna bail 'em out!
For the knowing what happens once a governments begin printing money to solve problems? They need to keep printing more and more to hypocritically solving those same problems. It becomes never-ending cycle and eventually leads to hyperinflation, and our savings being wiped away.
With all of this happening, owning Bitcoin is always something that has given me a sense of peace. It made me feel like I could still have hope for the future. That I would actually be rewarded for saving, and that being able to retire in the future was still possible.
But imagine for a moment that Bitcoin didn't exist. What would that world look like? And what would it mean for us?
11 sats \ 1 reply \ @nym 25 Apr
I guess we would start pointing our compute power back at Folding@home again?
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Yes, I think that may be the best option.
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I wouldn't change much since we've been living without it all our lives, it's an unprecedented technological revolution, but if it didn't exist people would invest like they did before, but more controlled because of CBDCs and the constant monitoring of everything we do.
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I agree but it would have been better if you had replied after reading all paragraphs, not the lat one alone.
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FYI, I read it all, what more answer do you want? if governments devalue your savings with fiat money people would invest in gold, silver, jewelry and others as they have done all their lives, Bitcoin is another alternative to fiat money, if it did not exist, then we would have one less alternative, what would be the solution if we did not have it? create it or adapt to what we had.
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So Bitcoin is an alternative investment not the best one?
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It depends on each person's vision.
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if bitcoin didnt exist, people would be putting their money in gold and silver. Like before.
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Sure.
That means Bitcoin isn't a need anymore? We already gave gold and silver. Why do we need Bitcoin?
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Bitcoin is an option. Everyone has to make their own minds where they want to put their money. You have to be comfortable with the risks.
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