Bitcoin: Even At $0 It Still Will Be Used

avatar

The price of Bitcoin is collapsing. This makes those like Peter Schiff filled with glee.

Regardless of what happens to the price of BTC, it will never go away. Cryptocurrency is here to stay even if it is not the speculative vehicle many expect.

There is a simple reason for it.

No matter what the price, there are many people out there who want to sent money without the headache of the banking system. There are many reasons to operate outside the scope of any government.

Bitcoin is a system for people, not governments.

Take a look at these transactions and the fees paid.


Source

There is always a need for a system like this. These transactions would have cost a great deal more through the existing banking system. On top of that, any of the transactions could have been prevented by governing bodies.

Not with Bitcoin or any other decentralized cryptocurrency. The ability to send transactions without censor is vital to freedom. We do not have this when some overriding bodies can put out a cease order.

People are only starting to realize how enslaved they are by the present system. The banks are in full control of people's money, as evidenced by the events happening in India and Lebanon. Citizens in Venezuela and Iran are feeling the impact of sanctions from a foreign entity completely wiping out their economy.

Bitcoin is the opposite of centralization. The existing system is the epitome of centralization. While some contest how centralized (or not) Bitcoin is, the simple reality is that cryptocurrency fills the bill. The players across the entire cryptocurrency realm already see millions involved.

Cryptocurrencies are not going to disappear. They will only grow in adoption regardless of how the prices react.

While most look at the speculative aspects of things, it is the utility that is the greatest asset to humanity. These blockchains will exist because humanity needs them. Without them, the ability to stop/censor transactions will remain in place.

Once tens of millions of people get a taste of something different, they will not be apt to sign up for the old system.


If you found this article informative, please give an upvote and resteem.

image.png

image.png



0
0
0.000
1 comments