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RE: A Warning Message From Time-Traveler For Our Cryptocurrency Generation
This is a very interesting perspective on the crypto phenomenon. even if you don't take this time traveler account in a nominal sense, it is known that human intuition can often exceed cerebral prediction of future events, much like Cliff High's program gets a lot of projections right. what matters is not the price of Bitcoin in dollars but rather the implications of such a price fluctuations. thing that are suggested here for example:
- The dollar equivalent price of Bitcoin would be irrelevant as soon as the majority has it.
- Powerful institution and individuals do not need the guise of government to maintain their power. inter-government institutions like the IMF could still operate at a time when world governments cease to.
I think, maybe like when the Roman empire collapsed but western hegemony, iconised in the form of catholic Christianity continues to wield power even to the present day. these institutions can exist without the formal facade of government, as long as they govern de-facto. - Is Bitcoin the crypto....... RESERVE CURRENCY?
Yeah, it's really interesting how many questions that "crypto phenomenon" (as you call it) opens. By writing the article I was more focused to open some questions for thinking and reviewing than trying to suggest anything else, as it's really very hard to predict anything. We don't know are we going to be here tomorrow or this guy from South Korea or somebody else would blow us all away.
Here is the article he's talking about: https://steemit.com/bitcoin/@adastra96/is-this-the-real-life-is-this-just-fantasy