Bitcoin!! Debt Jubilee!!

in #bitcoin7 years ago

Bitcoin!! Debt Jubilee!!

It's become more obvious that Bitcoin being created by an anonymous organization was clearly the right choice. This is something that I've taken for granted with so much innovation and going on, and always someone to take credit for that innovation. That's how the game is played right? Create something, get credit for it and reap the rewards.

Not Bitcoin! The creator of Bitcoin didn't want "credit." They wanted a change. They knew that the only way to mass change is through financial restructure. Bitcoin doesn't have to be grown by force. It has to be taken down by force! It will grow very naturally, because it's an evolution of our civilization. The powers need to display power to stop it. 

However, I don't think all the powers want to stop it. They want to get a head of this indestructible black hole of our current financial system! The smart ones are getting in and the others are just in denial! Bitcoin is a black hole the is sucking in the entire financial world until a conversion has occurred. The conversion I refer to is what I believe could potentially be a debt jubilee. All past debts will be destroyed by bitcoin. This seems to be one of the intentions of the anonymous group behind it.

Conclusion

Bitcoin is a long-term hold. By market cap, it's still in it's infancy compared to where it needs to be. Which means for some time in the future, we will be experiencing massive volatility. This is why I say, put a small amount in every week and hold it for 5-10 years! If you're earning SBDs on Steemit.com, then I suggest taking half of your weekly SBD earnings and roll into Bitcoin! That's my strategy. What do you think about the potential of Bitcoin being able to wipe out all current fiat debts due to mass adoption? Will we ever get there? 

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Your idea is not bad but with little l understand about bitcoin, it can make one to be rich over night and it can also make someone to be poor over night. So saving bitcoin for a long period as you suggested l personally dont buy that idea due to the high risk involved, especially the way they easily hack peoples account on that platform unlike steemit that is more secured.

Saving Bitcoin for a long term horizon actually reduces the risk. If you’re quickly trading in and out in the short term then your risk is increased. Although you make a good point about storage. Exchanges aren’t trustworthy and cold storage is a difficult concept to get through your head. On that point, I agree, Steemit is better than exchanges, but it’s still a hot wallet! Also the reason I suggest Bitcoin is due to the deflationary effect Bitcoin posses to level out your inflationary effects of holding STEEM! Thanks for the comment!

i thinks today bitcoin is best acceptable currency to every on.that should be
thanks for sharing your creativity
keep it up dear

Good posting I read well.
I follow you.
I communicate frequently in the future ^^

-my blog

https://steemit.com/newbie/@cch-story/the-wisdom-of-proverbs-how-to-get-out-of-poverty

Thanks for the information john

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