The US Government just figured out that Bitcoin is a threat to the US Dollar.
It seems like the Government of the USA just woke up to the fact that Bitcoin is a currency that people all over the world are using. In addition, people can use it openly and it is holding value and — oh no- they are buying it and using it almost as much as the US Dollar.
They are now saying that it is a threat to the US Dollar and that means a complete downfall to our society and the global financial system. It is a scare tactic that most Americans are going to fall for. The truth is, Bitcoin is still a ways off from being able to take down the USD. But what is happening is that they are looking 5 years or 10 years into the future and they can see that there is a POSSIBILITY of that happening — and they are trying to take measures now to stop it. Or control it. Which neither of that will happen.
Bitcoin is still an infant. It started in 2009 and it has come a long way from the days of buying pizza for 10,000 BTC. Mere pennies back then. Me and some friends were just joking about that today. Now, each BTC has a value of $10,500 (as of this posting.) That is real money.
I remember back when I first got into Bitcoin and I saw that it had hit $1,000 for the first time. (Mid 2013.) I thought “what the hell are people buying for $1,000 each.) That was when I thought you had to buy a full BTC. I didn’t have $1,000 to spare and I had been caught up in some online scams and had no intention of dropping $1,000 on magical internet money. Took me about 2 years to fully grasp what this digital currency was and the issues that it had solved.
It has been fun watching Bitcoin grow and explode. People flip out over the price declines — but remember — ZOOM OUT. I’m so happy that each one is worth $10,000, but you can go buy $10 worth right now and it will get you into the party.
The US Government is going to try to put laws on Bitcoin — but it will just make things more difficult. It won’t stop Bitcoin. Bitcoin is global and it would take multiple nations to take considerable effort to try and even slow this down. They can’t even agree on climate change so its not likely they will be putting their heads together to join forces on BTC any time soon.
Don’t listen to mainstream media and all the scare tactics that you hear and see on the news or on social media. Find people that know what Bitcoin is and how it works. Join meetups like mine and talk to real people that are using Bitcoin and that have researched it and know how it works.
www.dsmblockchain.com/education/
Let me know if I can help.
Brock
Published at Fri, 19 Jul 2019 04:31:30 +0000
Bitcoin Pic Of The Moment
CODE – Frederike Top
The theme from this year is :
THE MEDIUM IS THE MESSAGE
By www.ownwayphotography.com on 2018-12-30 19:55:25
