RE: A Response to "Bitcoin Won't Work When SHTF"

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A Response to "Bitcoin Won't Work When SHTF"

in money •  8 years ago 

One could argue that the "S" has been "HTF" for a long time now in the fiat currency/central banking world, ie the USD no longer works. At least since 2008, the US federal debt has more than doubled and will never be paid back by future (innocent) generations, even if interest rates are at all time lows.

Besides that, literally NONE of the traditional, institutionalised 'leaders' (politicians, bankers, ceo's) have had the courage to come forward with a credible path out of this mess of the colossal global debt burden and growing inequality between haves and havenots.

With so little left to believe in, just the idea of Bitcoin and the concept of equalising decentralisation of the future through blockchain technology should have everyone filled with joy, hope and happiness.

Perhaps the only hope against stifling government bureaucracy, corporate greed and a better, safer world for our children...

Rock on Jeff...

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