RE: HBD Over BTC As Medium Of Exchange Shown By Former Bitmax CEO Statements
You are viewing a single comment's thread:
It was obvious to me since day one, or at least when I published my first writing on cryptocurrency in 2014 (an essay on my old social network - that will be reborn on Hive at some point) - that Bitcoin could not possibly solve the world's economic problems in the way that so many have claimed (... claims usually made without evidence or addressing the key points). In essence, those who control the infinite fiat system will always be able to take control of any such crypto system in a variety of ways.
Even if the fiat system collapses (rendering pegged stablecoins useless in the process too), those who accumulated the greatest fake wealth through fiat will be able to control any replacement systems in advance - hence, even if they publicly reject BTC, they will certainly be making moves to control it as much as possible behind the scenes (exactly what Jamie Demon and others have been caught doing already).
The net result is and has always been that either:
a) Crypto and money itself eventually get phased out as we evolve into more harmonious ways of relating with each other.
b) BTC and perhaps many other larger crypto projects get dominated by the 'old money' and some of those who make the most from this process but who actually intend to replace the 'old money' people end up using their new wealth to create alternate projects that replace the 1st gen system, eventually 'forking out' the old money - as Hive did to Justin Sun.
c) Neither a nor b take place and we end up continuing on the same path as we were always on using Fiat, since "fundamentally nothing has changed".
For these reasons, I view as very short sighted (at best), those who claim that Bitcoin solves all economic problems and I also view Hive's governance model as potentially key in securing a better financial and tech future for all.
In actuality, it really should be the case that the world looks back on the forking of Hive as an essential moment in the history of technology and money/economics - providing the basis of a template for increasing free will and self determination in the face of everything that has been born of hundreds of (thousands of) years of gradual erosion of personal power.
Let's not let this be forgotten! I and many others continue to take steps regularly to build on this reality, yet our actions are invisible to the majority at present. It's going to be a very interesting next 1-2 years :)