The money problem:
Its well known that one of the main problems for Fiat-money,is caused from the US-Dollar.
My subjective not 100% accurate view on it.
The US has forced the rest of the World, to accept USD as an World currencie, most currencies are strongly dependent on it.
For exampel:
• the Oil price is bind to USD Value
• the European Central Bank is forced to hold huge amounts of USD in Reserve.
• and many more….
If a new crysis is affecting the US, or they just want to buy some new weapons “to bring democracy to the World “. The US-Banks can just create money out of the air, the infaltion is shared around the World. Thier problem is solved and the Rest will pay for it.
Back to Bitcoin:
Why are we even define the Bitcoin Vlaue in USD? Why can u buy bitcoin with USD?.. something which can be created out of nothing at any time.
We need to get independ form The USD Value. The Euro would be a little bit better,Gold would be much better….. but still no solution.
How can we arcive this Revolution? Is it even possible before the big "FIAT-Player" decide to transfer their curupted Money to BTC?
....
Interesting post.
I think one of the main reasons the US dollar was adopted as an international reserve currency involved the relatively high stability of the united states spanning decades. The US dollar achieved relatively low volatility in comparison to other nations. Also the USA has a lot of collateral which it could utilize to back the dollar in case economic events turn sour. The US dollar was viewed by many as being one of the most reliable, robust and stable currencies which played a role in its adoption as a reserve.
Bitcoin, oil and other things being denominated in US dollars represent rates of exchange.
I think if there ever is some type of revolution, its success will depend more on people contributing towards building that future, rather than tearing down, attacking or criticizing things which currently exist. If the revolution happens, we need the knowledge and wisdom to build it together.
