RE: Cryptocurrency 2017 Price Predictions And Fundamentals by doelist

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· @doelist · (edited)
You wrote a post about how was created National Currencies and who benefits, but who create Bitcoin and who benefits the most? May people who on the top of hierarchy make this new instrument of investment? Or they are too stupid for this trick?
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@teamsteem ·
It's a very real possibility.
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@harunz ·
Bu dünyada yapay olarak üretilen herşeyin muhakkak ki bir sahibi vardır. Bu noktaya kadar geldiyse basit bir güç olduğunu da sanmıyorum. Esas sorulması gereken bu gücün planladığı duruma biz hazır mıyız?
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@park.bom · (edited)
$0.30
>May people who on the top of hierarchy make this new instrument of investment? 

It is very difficult to do,  because bitcoin does not possess the basic properties of money: money must be secured by the value of goods and services, be a measure of prices, predictable and low inflation, free credit for business and consumer in an unlimited amount.   Only modern fiat money can be considered as money in monetary theory.

Bitcoin is very similar to gold, and gold has shown its complete failure as money for the modern economy during the great depression. Let us remember how Roosevelt confiscated gold in order to somehow restart the economy, ROFL.
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