RE: Bitcoin's Unsustainable Growth

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Bitcoin's Unsustainable Growth

in bitcoin •  8 years ago 

Simple. Create a trading site to trade from one crypto-currency to another. This would help create a stand alone value away from bitcoin. Want it to not depend on bitcoin, then don't accept bitcoin at that site.

Countries are trying hard to get a handle on bitcoin as a whole. No doubt. With bitcoin running, they can't regulate it like they can their own currency. China throws out negativity about bitcoin to drive their people back to the Yuan so that it is bolstered. Because they can play with the value of the Yuan, but they can't manipulate bitcoin for their own gain like they can the Yuan.

You're seeing the battle between a dying breed of centralized banking, vs a decentralized economy.

The people using bitcoin in spite of what the banks want will push the banks out of big business. And I believe the banks see the writing on the wall...

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