BITCOIN is here to stay!!
Richard Donaldson
Storyteller, Strategy, Marketing, Product/Platform Executive; Host of Supply Chain Next & active mentor/adviser
Bitcoin is truly here to stay and poised to take a huge chunk of the global currency market (it is currently . If you were on sidelines till now, given it is only 15yrs old, now is time to look - in light of the clear and obvious corruption and sheer derliction of duty to provide trusted, 3rd party transctions at banks or govt backed transations
PS - the USA is technically bankrupt at the very moment - $32T in debt and deficit spending ad nauseum - and this is EXACTLY what bitcoin was created to solve....
Bitcoin, specifically, was created to sovle for the following:
"...costs and payment uncertainties can be avoided in person by using physical currency, but no mechanism exists to make payments over a communications channel without a trusted party."
So, team Nakamoto devised a solution to the problem of reversible payments and stated:
"… an electronic payment system based on cryptographic proof instead of trust, allowing any two willing parties to transact directly with each other without the need for a trusted third party.
Transactions that are computationally impractical to reverse would protect sellers from fraud, and routine escrow mechanisms could easily be implemented to protect buyers."
It is/was so precient in what it sought to solve.
Fast forward to April 3, 2023 and Bitcoin is on verge of breaking out of its infancy stage (only 15yrs old).
Quick reminder to all that currency was never about govt per se - currency was invented to be an abstraction of physical goods and used to simplify/ease commerce...it was never "govt" per se - so, imho, bitcoin is a more true currency than what we have grown accustomed too......
Now, US Space Force strategic imperatives further bolseter or confirming this reality..."In?Softwar: A Novel Theory on Power Projection and the National Strategic Significance of Bitcoin, Lowery recommends the U.S. begin stockpiling bitcoin, foster bitcoin mining in the country, and give bitcoin 2nd Amendment protections, arguing it's a weapon of self-defense."
In short - US Space Force is recommending a rampup of Bitcoin mining for strategic reasons..."In a 400-page dissertation,?reported?on by?Politico?this week and available for sale on?Amazon?from last month, Space Force major Jason Lowery said proof-of-work bitcoin mining could replace armed conflict in the future, with bitcoin representing "a national strategic imperative that the U.S. should support and adopt as quickly as possible, else it risks losing its lead as a global superpower in the 21st century."
? - not sure I follow the US Space Force's rational quite yet - however, if they start this "arms race"; everyone else will follow suit...plus, if you are in space what currency DO YOU USE??
So, bitcoin is poised to make a bull run this year - where the price point gets to , I have no idea, however, it is set to take a huge chunk of market share this year as it should!
PS - Linas Beliūnas - this is worth a dissection in discussion - Harry Stebbings - also a good one to push out there for dialouge purposes - https://www.visualcapitalist.com/all-of-the-worlds-money-and-markets-in-one-visualization-2022/