Bitcoin and the Federal Reserve

in #bitcoin7 years ago

Is it at all possible that the Federal Reserve originated Bitcoin? Well, if they didn't, they certainly should have. Bitcoin is gaining in popularity and is now covered throughout different financial news sources. It is being suggested that some states are playing with the idea of accepting Bitcoin for taxing purposes, thereby allowing it to be regulated and eventually taxed based on the increases of its worth to the dollar. Bitcoin is acceptable among those who do not trust the banks, and what better a way for the banks to make inroads into that population than to take stances on both sides of the coin (pun intended). Now, rather than having to appeal to the distrusting community, the banks, through Bitcoin, has only to attract the gullible community who have faith in the banks already or those who have no alternative but to use the banks and are too susceptible of Bitcoin and cryptocurrencies. The whitepaper could have been written by the Federal Reserve, fully knowing that eventually, the dollar would collapse. What an ingenious idea! Do you really think they are idiots at the Fed. If so, I would think again. I rust to no conclusions, rather wonder, WHAT IF?

Sort:  

For future viewers: price of bitcoin at the moment of posting is 9429.00USD

Congratulations @jgsalvatore! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 2 years!

You can view your badges on your Steem Board and compare to others on the Steem Ranking

Do not miss the last post from @steemitboard:

SteemitBoard - Witness Update
Vote for @Steemitboard as a witness to get one more award and increased upvotes!

Coin Marketplace

STEEM 0.22
TRX 0.20
JST 0.034
BTC 91793.75
ETH 3121.53
USDT 1.00
SBD 3.17