Bitcoin Forum

The financial philosophy of Bitcoin and other digital currencies will only be understood by people who have had material problems, conditional subordination of banks through loans !

So what is the financial philosophy of Bitcoin and other digital currencies to your experience ?

be global

I think over all they wanted bitcoin to be decentralized, a currency not being managed by banks, not regulated by the government, allowing for no taxes in return. But if we go back, when bitcoin first started, it was really meant to help the masses to overcome poverty, it was created when we had a global inflation bafk in 2008, satoshi nakamoto, came up with a formula that will produce digital currency,  and according to a documentary i've watched way back, it was also meant to replace the petrodollar, because one of the or reasons why america keeps bombing places, is because of oil, if people began to use bitcoin for transactions, there will be no need for america to bomb places, since their dollar will be devalued, however not for bitcoin, since it can be converted to any fiat, and with this documentary, i think we all know what happened between russia and china, they began to trade oil, using physical gold, but the us government cannot just bomb two superpowers, since the its allies are already poor, us will not stand a chance against russia and china. Still over all, if they use bitcoin for transactions, i guess it philosophy is going to be, currency for all, with no taxes.