Australian Gov't. Is Making Important Steps, But Will It Form A Pizza Party?

godcoin (58)in #cryptocurrency • 6 years ago (edited)

If anyone doubts which direction the global economy will take in this era of technological revolutions, they should notice a development in Australia, where the Prime Minister is affixing his gaze on blockchain technologies.

Image Source: https://www.ccn.com/australian-pm-turnbull-tells-government-agency-to-study-blockchain/

Malcolm Turnbull was speaking to Australia's Digital Transformation Agency, and has asked them to begin researching ways to implement blockchain technology into government applications. His decision comes after several other Australian government bodies have been doing much the same thing for their own unique purposes. Preceding him are the Australian Securities and Investments Commission, Immigration, and Home Affairs, each of which have moved for this innovation.

This news could not have come at a more fitting time, just hours before another key event in blockchain history; Bitcoin Pizza Day. That's right. For those who don't know, May 22nd is the anniversary of an important benchmark and cautionary tale.

Image Source: https://cryptoslate.com/the-bitcoin-pizza-is-worth-83-million-today/

To briefly explain, in 2010 a software engineer by the name of Laszlo Hanyecz wanted to prove whether or not Bitcoin was a viable currency before it became the titan it is today. He publicly offered 10,000 Bitcoins in exchange for ANY two large pizzas at a time when BTC had next-to-no buying power. To sweeten the deal, Hanyecz actually paid more than the pizzas were currently worth in BTC by almost double. He paid $40 worth of BTC for $25 worth of Papa John's pizza.

Today, that would be over $83 million. Makes you wonder if the pizza was any good.

Hanyacz made a point that day. Cryptocurrencies could be used as money! His was the first real-world cryptocurrency transaction!

Still, Hanyecz continued making himself the poster child of cautionary investments. After losing a fortune on pizza, he sold the rest of his BTC years later for $4000 when it reached a dollar. Astoundingly, even knowing what he does today, he defends this action as a profitable sale.

“It wasn’t like Bitcoins had any value back then, so the idea of trading them for a pizza was incredibly cool…No one knew it was going to get so big.”

Pride is a perplexing thing to maintain.

All of this has not been a casual story time, however. Australia's forward steps and Hanyecz's wasted opportunities are proof that now is the time to be looking for the next great window of wealth. Sure, short-term profits can be found already, but not even Bitcoin will outlast the economic hemorrhage that's about to strike.

GODcoin Crown.png

GODcoin is a solution to all who are seeking more security and profit for the long-term. GODcoin is the only cryptocurrency that will be backed by gold and silver because it is declared the OFFICIAL currency of the returned Christ, Lord RayEl. Please see here for all the proof of this claim that is necessary.

There is no doubt that Bitcoin will continue on a shaky roller coaster ride, but at least GODcoin is along for the ride, and soon enough it will give the safety net that so many other cryptocurrencies are not able to provide, especially for the future of a financial collapse. The time has come for those who are inexperienced and experienced to realize the major issue and dilemma that Bitcoin provides. GODcoin will outshine all cryptocurrencies and illuminate the paths of those who are wise enough to invest while there is still time.

There are many advantages to GODcoin especially since it is one of the few coins that will be backed by gold and silver. Not only does GODcoin give the illuminated path towards the future, but as gold and silver increase, so will the investments being made at this time. GODcoin's amazing ICO offer of investments being met with a 40% token bonus has been extended until May 31st, 2018! Invest now, and as the price of gold will inevitably increase, so will your profit!

View the history leading up to the whitepaper