Can bitcoin undermine U.S hegemony?

in cyrptocurrency •  7 years ago 

I was just going through www.news.bitcoin.com and I saw a post on what Pavel Durov the founder of telegram said on bitcoin.

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He said cyrptocurrencies have the power to reshape the future of global finance system and believes that bitcoin can undermine the power of U.S dollar that have been for over 70 years.

The US imposed its national currency on the whole world as a reserve and this has enabled them to collect tribute from all countries but he believes that with the adoption of bitcoin, this can bring a level playing ground for AL countries and undermine the US dollars.

What do you think about what he said?

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Agreed. This change will certainly not be a peaceful, too much at stake.

The world is changing and we are a part of this change.

Yes. Too much is at stake. I read somewhere that US can decide to buy all bitcoin and start manipulating it. Can cyrptocurrencies be manipulated or can a country place a ban on it for her citizen like Russia is trying to do.

This post received a 3% upvote from @randowhale thanks to @sirpaul! For more information, click here!

Not until sea going tanker oil quantities can be bought for bitcoin!

I agree! Thank you for sharing @sirpaul.

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