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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (177979)	9/9/2021 9:22:13 AM
From: Follies	Read Replies (2) \| Respond to of 218881

>> Bitcoin Could Eventually Collapse, Swedish Central Banker Warns How many paper currencies has the world seen in 1000 years? How many eventually collapsed? Predictions about Bitcoin are about as accurate as Thomas Watson, chairman of IBM, prediction in 1943 “I think there’s a world market for maybe five computers” Could the US or a group of sovereigns ban Bitcoin miners/nodes and block IP traffic to known nodes? I think that is technically feasible and would kill Bitcoin. The elite could reserve that IP traffic for their own use. Only the elite would be allowed to own Bitcoin for the good of the community, now put your mask on you peasant. Bitcoin would be too important for individuals to own it, it would be reserved for central banks. Everyone needs to turn in their Bitcoin for the good of the world. Sovereigns would then introduce their own digital currency, which of course they could expand infinitely with ease. The Keynesian argument that inflation and spending is good and deflation and saving is bad is refuted in the book The Bitcoin Standard. Saving allows capital to be used efficiently and grows the economy. Our institutions have been brainwashed by Keynes and addicted to government proactively attempting o solve problems most of which they have created.