Keep Banning
... and when you start to affect the business of others is when you realize that you are doing it well.
BITCOIN and cryptocurrencies in general are becoming a serious problem for the traditional economy. In a desperate attempt to protect their "business", the mainstream economic powers resort to demanding that BITCOIN and crypto in general be banned.
It is still fun to see that to support their illogical reasoning, certain powerful characters use statements like the following to reinforce themselves:
"After all, the product itself has no intrinsic value and derives its appeal only from acceptance by others."
(Said by the Dutch Central Planning Bureau Chief)
Acceptance by others = VALUE,
it is a basic rule of economic theory that some enlightened gyrfalcons still don't seem to understand.
Obviously, news like this recent one about banning Bitcoin in the Netherlands or the shutdown of crypto mining in China only seeks one thing, in my opinion, the collapse of the price of BITCOIN...
And what is their goal?
We might think that they are simply trying to protect their outdated business based on centralized control and regulation while the printing of "Legal Currency" continues its infinite process ... but, what if what they were doing is more intelligent than it seems to be?
What if all they do is use their power to grab the "money of the future" at a steeper discount?
When will they realize that they cannot put barriers to technology but must adapt or die? Or maybe, they have already noticed...
Food for thoughts
Posted Using LeoFinance Beta
