I'm about to follow up with "Bitcoin Brain Storm Part 2" picking up with 3-Day time frame again.
Stay Tuned and Stay Awesome!
Have you ever had bank freeze your account, been charged and overdraft fee, travel AND lose your debit card. I have. Time and time again crypto has come to the rescue for me where as banks, debit cards, fiat has failed me.
Crypto is a free market, permissionless item that you are free to use at your discretion.
in 2022 the #1 expense for the US govt will be interest on the 22trillion of debt we have. Moving forward, US will need to print money to pay the just the interest on the debt, this puts US further into debt and will cause hyperinflation.
No one forces you to abandon your bank, but what crypto does offer, is a choice. You now have an option that you didn't have before to EARN, SAVE, AND SPEND, in a way that you are completely in control of your wealth. You can decide if and when you want to convert your crypto to cash or the other way around. Prior to Bitcoin, you Never had this choice.
Just because others own a lot of something that is useful and you might end rewarding them by buying what they own for a marked up price is not their fault. If see that cryptos will enhance your life and give you more freedom, flexibility, and options then you will use it.
Over time assuming the price goes up because those who own a lot of this dont want to sell it to you for cheap is simply how things get distributed over time. You are actually free to go make your own coin if you dont want to use theirs.
Do you have a better suggestion?
Your precious "FIAT" is ran by fewer members of a "monopoly" than crypto assets. FIAT is not even an "asset." FIAT is generated OUT OF THIN AIR by a PRIVATE company who charges citizens of countries INTEREST on the FIAT they created OUT OF THIN AIR. This continued creation of FIAT OUT OF THIN AIR has INFLATED the number of FIAT in circulation to a point that the VALUE of this WORTHLESS PAPER is $0.0247 of it's FACE VALUE. This INFLATION is COMPOUNDED every month; diminishing its value away at a rate so fast that incomes made by citizens cannot keep up with its devaluation. Mom's cannot even stay home to be mothers to their children and teach them genuine capitalism is far superior over an atopic socialism.
You would prefer we become serfs to privileged few of bank owners acting as so-called "elites" who charge us interest on a so-called "currency" they create out of thin air. You would have us remain imprisoned in a failing CENTRALIZED "system" who can create unlimited quantities of worthless so-called "currency" they've created to enslave you while enriching themselves and robbing you of assets you have accumulated with their worthless so-called "currency."
So damn what we have a few number of people who own a lot of crypto. They will eventually need to spend that crypto. Their hoarding of a decentralized asset only adds to the scarcity of the asset; thereby increasing its value while reducing the supply on exchanges to contend with an ever increasing demand. Even if they decide to DUMP their supply onto an ever increasing demand, those who accumulate this supply via their demand are taking their purchase off exchanges to HODL for themselves to create a better future for themselves and their loved ones. You can only do this with a true decentralized asset that cannot be created out of thin air like a centralized debt note conjured up by a private company (Central Bank) who's out to rob you of every asset you've accumulated.
It sounds like to me you are simply COVETING those who have a lot and venting your frustration on those of us who aspire to accumulate an asset that cannot be created out of thin air by a few number of people. Instead, you should be accumulating decentralized assets while they are still cheap to escape the centralized system created by a few to enslave you and rob you of your hopes and dreams.
Your logic is flawed and your attitude sounds more like you are envious of those of us who seek to accumulate TRUE ASSETS like the rich, banks and governments are doing in an effort to hedge against a FAILING FIAT SYSTEM designed to rob and control governments and its citizens.
I stopped reading your crap. I don't have to read a damn thing. Your opinion is flawed; as pointed out in my statement you're responding to.
Bitcoin is more scarce than gold and/or silver and if calculated per capita as to how many people possess precious metals versus those who don't is similar to crypto.
Your argument is it will fail because so few people control it. I showed the flaw in your opinion based on so few who accumulate precious metals like the rich are doing.
End of discussion.