On the one hand, the regulation and control of money has historically been an extension of cycles of overall economic enrichment and the use and abuse of authority by governments.
In this fight between good and evil, technology enters, easily accessible via a simple smartphone, which escapes the control of central banks and therefore of governments.
This silent revolution will naturally give rise to possible revolutions and even wars.
But history is made up of struggles between the central power of emperors, kings, and now governments against the people.
This novel always ends with a tumult that leads to new ways of looking at the world.
Blockchain technology and the Bitcoin network will tend to gain power.
Even with the legitimate doubts of intellectual figures like Paul Krugman, who tells us:
Skeptics wonder why this is necessary and argue that crypto ends up being a clumsy and expensive way to do things you could have done more easily otherwise, which is why cryptocurrencies still have few legal applications 13 years after the introduction of Bitcoin. The answer, in my experience, tends to take the form of a salad of incomprehensible words.
(…) It turned out, however, that many borrowers did not understand what they were getting into. Ned Gramlich, a Federal Reserve official who has unsuccessfully warned of growing financial dangers, asked, “Why are the riskiest loan products being sold to the least savvy borrowers? He then said, “The question answers itself.” Home ownership fell sharply after the bubble burst.
I was enthusiastic about blockchain and bitcoin, but not a blind absolutist.
For those who like to read history, a lot of things about economics and politics have more complex issues than just the orgasmic tendency towards asset speculation.
If we believe that these technologies can bring better results to the majority, it is a good thing.
But covert forces tend to work against the most vulnerable all the time.
So, let’s keep our eyes open, our skepticism awake, and our hope for a better world on the agenda.
No one knows for sure if the bitcoin network will thrive, but it opens doors of hope to those who need it most.
Let’s face it. Even if it doesn’t work, it was at least worth its creation because we realize how wrong our system is in a world kidnapped by the dollar and increasingly unequal.
The bitcoin network is a cry of revolt; it is a libertarian technology.
Being attentive, not failing to take advantage of its multiplier capacity, and never losing hope for a better world, this is what this technology has brought.
No one controls the future of the world, but everyone works to improve it.
This article is for informational purposes only, it should not be considered financial or legal advice. Consult a financial professional before making major financial decisions.
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