Bitcoin And What It Philosophically Means About How We Appear At And Use Units of Trade
You know, we’ve convinced heard a good deal about Bitcoin from the media, how the perceived value or intrinsic value of a bitcoin has really rapidly improved, fallen back and then held steady. Some say the volatility has been a sign of a systemic problem, but perhaps that’s not the real problem in any way. Maybe, the real problem with money, isn’t the nature of the digital strategy it utilizes or digital money in any way, but rather an internal battle with complex systems in our monetary planet over all. Let us talk some philosophy on distributed power and centralized power for a moment.
Intelligent scholars who create electronic currencies may be as dangerous as unregulated traders prior to the fiscal crisis,” appearing in the Guardian. The article stated;
“Regulators say that they are worried about the growth of shadow banking as far in China as in the US and Europe. They ought to be equally concerned about Bitcoin. Regulation is annoying and banks may charge a lot for processing trades, but that is not a justification for a shadow currency with the potential, if it be permitted to proliferate, to wobble and crash.”
Alright so that I dare to ask: Can it be a weapon for financial destruction or a wake-up telephone for its dishonorable and reckless use of wealth generation for incestuous power grabs? Does it show that people inherently dislike concentrated control of cash, riches, interest over their own lives? Many have said that Bitcoin is a Ponzi scheme, but you could also point to financial policy in several countries and how they play the sport – is that not too a Ponzi scheme relying upon the good nature of people who trust the system – after all without trust the unworthy”paper money” wouldn’t serve anybody for a unit of commerce.
Further I guess I’d like to inquire if anyone would love to get a serious discussion with me on this topic?
bitcoin paper wallet generator in many regards is one of several digital monies, where happens to have the most notoriety and websites in 2013 and 2014, and no one really knows where it will go or if it will also be a viable unit of trade in 5-years, but only the simple fact that it has come into existence ought to become a wake-up call to all central banks, central planners, and economists. Philosophically speaking of course – therefore, please consider all this and think on it.