New Real Proof Bitcoin Should Be used As Main Money System

in #bitcoin3 years ago

Now let me be honest at first. Yes I am a supporter of cryptocurrency. Having used various cryptos for trading and holding etc . I even had my own crypto video channel for a while.

I would like to say there are alway 2 sides to every story. Even more sides in technical terms. One has to look at all possibilities.

Now with countries like El Salvador making BTC a legal tender. This type of scenario could easily make or break Bitcoin.

In one aspect, This whole concept that I Know was pushed through could fall through. It can take some time to see the results to any decision. Sometimes a few years it takes to see any results. However the adoption of Bitcoin could see many things happen. Some good and some bad. There is lots of opposition from other entities with El Salvador legalized Bitcoin. This could be many things in swing to prevent something positive from happening. In which if any thing bad happens. The media would be first to say that Bitcoin was the cause of that specific negative. Which then people around the world who may not understand Bitcoin will get more of the idea that Bitcoin is bad and that all should stay away.
Which in turn would make Bitcoin seen as something to stay away from. Which would hold that reputation for a long long time.
Even there is opposition from the citizens in that country as well. Do not see Bitcoin as fair game. This could create a major conflict even another civil war could break out.
Those are some of the risks that are at stake here. Bitcoin and other cryptocurrency could be forever put in the bad light on this.
This is just one thing that one must consider on all of this even if you are 100% pro Bitcoin

Now of course there are positives to this as well. El Salvador could become the top economic leader in the world. However maybe the adoption of Bitcoin was only in the interest of the leader of this country only. To make himself and his associates very wealthy.
We have no idea how this will play out. Or the real intentions of that specific government plan to do. We have to realize that El Salvador has always been a centre of volatility . Their past governments have been very volatile. There is no true proof that all of a sudden they are all 100% for the people.
\More less your just moving from one money system to another. The concept of a power hungry governments that over control everything stays the way it is. More less the money is just now under a different name. You go from one money system to another.

Again I am only just trying to get people thinking. I am not trying to stir people away from Bitcoin at all . After all I am a supporter. But one has to look at all sides of one story.

I know many of you are going to shake your heads at what I said here. Again this is not meant to be a attack at all. Just to have one focused viewpoint. More less a case to “look before your leap”
Thanks for reading this out. I know it is a longer post. Now let’s hear your thoughts.

Coin Marketplace

STEEM 0.21
TRX 0.20
JST 0.034
BTC 98085.38
ETH 3350.61
USDT 1.00
SBD 3.03