RE: Like the Honey Badger, Bitcoin don't care!
Cryptocurrencies are taking off because they are revolutionary in nature. The underlying blockchains are were the real value lies. It is, quite frankly, changing the world. When we look at a site like Steemit and see how people can get paid for doing similar things they do on Reddit and Facebook, it is obvious this technology is going to change society.
Power is being put back in the hands of the individual person. Instead of having to go through a trusted third party, a role the banks got rich fulfilling, we can now let the blockchain handle it. With the advent of Atomic Swaps, we are also going to eliminate the need for exchanges to facilitate trades between currencies (a costly endeavor).
While none of us can say if Bitcoin will be an eventual winner, it is almost a certainty that cyrptos are here to stay. How it looks exactly in the future is still unknown but what we experienced the last 100 years in terms of our financial structures will be changed.
It is very exciting and Bitcoin reflects these facts.
Yep. They are currently entrenched in that leadership position, but it doesn't mean it will always be that way...
We are in an era which is experiencing never seen before technological change. Those in leadership or power are not certain to be there in 5 or 10 years. We saw Kodak and Blockbuster both enter bankruptcy in about a decade due to technological change.
Bitcoin is being attacked simply because is scares the pants off the establishment. The banksters know their value is diminishing. Technology will replace many of them.
I sure hope people get mad enough to move money away from banks and fiat currencies. I am certainly doing that... but I didn't have many dollars to begin with.
I think that even my small contribution helps. I don't have much in Bitcoin, but quite a bit (at least for me) in Steem and Bitshares.