RE: Bitcoin will never pass 50k! Stop dreaming as the Government Would collapse if it did!
Really logical statement! It's difficult for btc to climb so high. States will always slow it down and its better for the community because the collapse of the state could also nullify the value of cryptos, In other words, once the chaos begins to spread out all the virtual economy will be extinguished from the monitors of the devices. With the minimal current that will be available the use of cost-effective mechanisms will be a luxury. The collapse of states can lead to a return to the roots of civilization. If this happens, we should know at least how to grow potatoes and plow with the ox. But... I guess cryptocurrency will continue to be... thanks to pencil and paper or thanks to stone and chisel. There is also a potential for states to adopt the cryptocurrency blockchain system creating state cryptocurrency replacing traditional currencies and snapping traditional cryptos declaring illegal the use and mining. All these are possibilities time show us the upcoming reality. But ... time could be money... so let's invest in time and imagination!!! Best investment ever I think ...
Thanks have a nice day!
Well I have to say your statement was more profound than mine as you listed a visionary dream but truly this would just put currency back into state owned which it become a centralized so cryptocurrency dream of decentralized won't be a thing so basically it's not the peoples backed money it's government back which leads to just currency but in digital form
Hello! Thanks for replying!!! Indeed that's an issue... I think it's obvious that the central Banks just let the digital currency exist for experimental purposes... In addition lot of states have already their digital currency. France, Germany, USA and not to mention Venezuela a country trying to get out of the economic squeeze... and much more other countries follow the trend. The problem is that the blockchain as a tool can be used both ways, for the good or for the bad. If central banks adopt definitely the blockchain technology in concert with the State bureaucratie then we can talk about the end of the "citizen" as we conceive the word today. The analysis of this is too long and I shall post something about soon. I 'll be back to let you know when I post this analysis.
Have a nice day and week!