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21 sats \ 1 reply \ @TheWildHustle 6 May \ on: I have questions about Bitcoin! bitcoin_beginners
The road to serfdom is working exponentially harder for a currency that grows exponentially weaker. Bitcoin is savings technology that gives the user full control over their money without the need to trust third party intermediaries.
That's over 100 years away, but The miners will be rewarded primarily through transaction fees.
Poor people now have the ability to dollar cost average fractions of a dollar into the best performing asset of the decade, while retaining custody of their funds, with the added benefit of being able to transact locally and globally without repression or permission.
Bitcoin becomes more valuable.
If you were in Zimbabwe in 1991, and had the ability to save and transact in US dollars......choose the stronger currency. "If" the Zimbabwe economy crashes.......you'll be ok.
Interesting :)
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