Cryptocurrency Will Have Ultimate Purchasing Power When Dollar Collapses
When the dollar is devalued, Bitcoin will become the standard constant for currency.
It will replace fiat currency (the dollar, Euro, etc.) as what all currencies are hinged to.
Right now everything is pegged to the dollar (e.g. markets, commodoties, etc.), but soon that will change people will start to trust decentralized networks vs. central banks.
Cryptocurreny (bitcoin) will become the equalizing monetary standard that does not and cannot inflate.
Enjoy!
Crypto Camacho
Bitcoin purchasing power index - Simplified Using Big Macs:
http://bitcoinppi.com/
Here's something I recently posted about this as well:
https://bitcointalk.org/index.php?topic=2192401.0
State of Blockchain 2017 - Full Report:
http://www.cryptocamacho.com/state-of...
If you'd like to stay in touch or get more info from me, please FOLLOW this blog on Steemit and visit my other properties below!
Follow me on Steemit: https://steemit.com/@dscenterprises
Join the Facebook Group:
https://www.facebook.com/crypto.camacho
Follow me on Twitter: https://twitter.com/cryptocamacho
Get $10 Free Bitcoin, Ethereum and Litecoin when you Buy on CoinBase: https://www.coinbase.com/join/58863c6...
Whatever the dollar does, we know that there will be a lot more dolllars floating around in 10 years while we know exactly how many Bitcoins will float around (now, tomorrow and any day thereafter).
Manufactured inflation is a thing of the past.
Yes, I agree 100%. Lot of things were manufactured in the last century - including consent to be manipulated by the central banks, media, etc. Check out Noam Chomsky's "Manufacturing Consent" - some good stuff there.
The Propaganda Model
The propaganda model was introduced by Herman and Chomsky in the publishing of Manufacturing Consent.
“A propaganda model focuses on this inequality of wealth and power and its multilevel effects on mass-media interests and choices. It traces the routes by which money and power are able to filter out the news fit to print, marginalize dissent, and allow the government and dominant private interests to get their messages across to the public”.
According to the theory media operates as a business which sells its products (readers and subscribers) to other business entities that do their advertisements in media, rather than performing the function of disseminating news for the public. Here the news is being misshaped and reformed from its original form. Herman and Chomsky call the factors which misshape news as filters. The news is being filtered by each of these factors before they reaches its audience or general public.
Nice post
Congratulations @dscenterprises! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOPHi, dscenterprises! I just resteemed your post!
I am a new, simple to use and cheap resteeming bot.
If you want to know more about me, read my introduction post.
Good Luck!