Get exclusive fiat and cryptocurrency analysis on Hacked. One reason can be from distilled from lessons learned in emunie vs bitcoin value history of decentralized networks versus other centralized networks. One can be realized through the present day landscape, and one looks into the future of money as we know it. So let’s begin with our ability to learn from history.
Twenty years ago, when the Internet was just starting to gain momentum, it was in a similar state of development as Bitcoin is in today. These wouldn’t be instantly replaced, but would be one day irrelevant. Bitcoin is following the Internet’s lead, in essence, building its own blockchain technology on top of the Internet’s existing virtual blockchain, if you will. Bitcoin’s growing influence on monetary systems and global commerce are set to be similar in depth to the Internet’s inherent ability to change the way we all communicate worldwide. Bitcoin and Bitcoin value have scared some sovereign governments to the point that they have banned it outright, in practice, or through de facto capital controls. China attacking banks and account holders helped crash the BTC market at the beginning of this year.
It has gone through the Mt. Gox fiasco, where trading bots were alleged to pump up the price of BTC, amounting to a market bubble. Dollar is poised for a collapse of epic proportions, according to many experts. 65-70 years, on average, and the U. The sphere of influence of the U. Military worldwide, with well over 100 nations occupied by military bases, is the main thing keeping the dollar in business right now.
The BRICS Development Bank is a major regulatory step in advancing the demise of the dollar as an internationally relevant currency. When they basically spit in the face of the U. Dollar in July, and said they would work directly with each other, and without the current Global Reserve Currency, the U. They did this because the dollar is of little intrinsic value, and the Fed can’t seem to stop the bleeding. Federal Reserve officials have failed to get interest rates off of the pavement out of fear of collapsing the economy. They’re on the monetary version of life support.
Government can doctor the numbers, and change the metrics, but countries worldwide are turning their back on the depreciating asset known as the US Dollar, and they know it. Eventually, this will go to it’s true worth. So all of you savers out there, you’re going to lose big time! Does this mean we won’t use a dollar in the U.