[2016-12-28] Why Bitcoin’s Triumphant $15B Market is Just Getting Started

[Gembul]

News Bitcoin - Why Bitcoin’s Triumphant $15B Market is Just Getting Started

Bitcoin came along shortly the global economy crashed in 2008, with central banks printing vast amounts of fiat reserves and bank bailouts becoming a common sight. It’s been over eight years since the genesis block was released into the wild and bitcoin has come a long way. At first, the digital currency wasn’t taken very seriously but over time people curated the cryptocurrency’s value by using it as a medium of exchange. In the early days, one notable transaction was the purchase of two pizzas for 10,000 BTC.

As bitcoin continued to gain value over the years there have been many ups and downs. Mainstream media continuously portrayed the digital asset in a negative way and exchange losses like the Mt. Gox bankruptcy didn’t help much. But bitcoin shook off all the bad press and showed that it just didn’t care. Over the course of a few more years, bitcoin’s underlying technology, the blockchain, became the focus of traditional market incumbents.

READ MORE >>> https://news.bitcoin.com/why-bitcoins-triumphant-15b-market-is-just-getting-started/

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[panju1]

The Central Bankers of the world don't seem to have learned their lessons.
Capital controls in China, Demonetization in India, Inflation in Venezuela... Bitcoin looks poised to succeed even further.

[Papa Bear]

Many countries worldwide have been suffering from capital controls directed by authorities, and hyperinflation spurred by central planners. Bitcoin has helped many around the globe circumvent these economic problems by letting people utilize it as a peer-to-peer digital asset. Towards the end of 2016, bitcoin’s popularity and price value had increased significantly, becoming one of the best investments of the year.

[dfox101]

Bitcoin has become the cybergold and it will hold and increase the value. It is an excellent assets against inflation and financial turmoil. Its trend is clearly upward in the long run.

[cr1776]

The Central Bankers of the world don't seem to have learned their lessons.
Capital controls in China, Demonetization in India, Inflation in Venezuela... Bitcoin looks poised to succeed even further.

In most cases, the central banks are operating under instructions from the politicians who want power over the populations of their countries instead of freedom.

[veleten]

The Central Bankers of the world don't seem to have learned their lessons.
Capital controls in China, Demonetization in India, Inflation in Venezuela... Bitcoin looks poised to succeed even further.

In most cases, the central banks are operating under instructions from the politicians who want power over the populations of their countries instead of freedom.

in most cases central banks control politicians
its a much higher hierarchical structure than the goverments are
but I agree the main idea is to keep the populace under control and keep the modern slavery system in check

[Carlton Banks]

in most cases central banks control politicians

Between the central banks and military intelligence agencies, they've got the politicians by the balls. Even the ancient Greek philosophers knew this, and so the so-called "adults" that grew up during the latter half of the 20th century should have known better. All ostensibly "educated" persons should know that we've seen this movie before.

[cr1776]

The Central Bankers of the world don't seem to have learned their lessons.
Capital controls in China, Demonetization in India, Inflation in Venezuela... Bitcoin looks poised to succeed even further.

In most cases, the central banks are operating under instructions from the politicians who want power over the populations of their countries instead of freedom.

in most cases central banks control politicians
its a much higher hierarchical structure than the goverments are
but I agree the main idea is to keep the populace under control and keep the modern slavery system in check

I'd disagree that Janet Yellen controls the politicians.

Perhaps it would be more accurate to say that the same forces (whether people - subtle or overt- or misguided, immoral anti-liberty, authoritarian ideas) that control or guide the central banks and politicians want to keep people under their control.

The same ideas have animated that crowd for centuries (probably millennia) and the goals are to control the people to keep power and wealth to themselves.

[Carlton Banks]

I'd disagree that Janet Yellen controls the Federal Reserve Otherwise, I'd agree with all the above (the fact that Janet is just a spokesperson is implicit in what cr1776 said anyway).

[cr1776]

I'd disagree that Janet Yellen controls the Federal Reserve Otherwise, I'd agree with all the above (the fact that Janet is just a spokesperson is implicit in what cr1776 said anyway).

I would agree with that too.  She is the figurehead for the most part.  :-)

[iluvbitcoins]

As distress in the world grows, so does bitcoin

People are realizing the traps of FIAT