DOLLAR -vs- BTC (Fed is dead, not just yet)
Trend:
As BTC becomes less volatile with time due to its increased market cap, long term, fundaments for BTC get much more stronger. It's a fight between FIAT and BTC (opposite correlation)
Medium term, the trend is in favor of the dollar and this won't change until they both reverse their trends (lines crossing in the chart). Remember, the Trend is your friend. And, now, it is against BTC.
Fundamentals:
BTC is nothing but a public consensus that aims to stop a central party from manipulating the supply of our currencies. At the end, inflation is a form of taxation.
The reality is that the State and the Taxes as we understand them today will eventually go away.
PoW is a store of value form our labor. PoS promotes productivity.
Trustless systems (like blockchain) remove violence and wars.
Economic outlook:
The current economic outlook is corrupt. The FED has to either send us to a recession or embrace its defeat as an authority. The FED is not helping, it is slowing growth. They should take advantage; we are in the perfect storm to regulate and promote blockchain solutions that help us with new forms of energy, like solar.
Imagine an auto-balanced grid of solar panels with batteries interconnected where the exceed is traded. Imagine insurances where "money" is from and for the community. Imagine telecommunications empowered and owned by the people.
It is not that difficult to envision the future.
As BTC becomes less volatile with time due to its increased market cap, long term, fundaments for BTC get much more stronger. It's a fight between FIAT and BTC (opposite correlation)
Medium term, the trend is in favor of the dollar and this won't change until they both reverse their trends (lines crossing in the chart). Remember, the Trend is your friend. And, now, it is against BTC.
Fundamentals:
BTC is nothing but a public consensus that aims to stop a central party from manipulating the supply of our currencies. At the end, inflation is a form of taxation.
The reality is that the State and the Taxes as we understand them today will eventually go away.
PoW is a store of value form our labor. PoS promotes productivity.
Trustless systems (like blockchain) remove violence and wars.
Economic outlook:
The current economic outlook is corrupt. The FED has to either send us to a recession or embrace its defeat as an authority. The FED is not helping, it is slowing growth. They should take advantage; we are in the perfect storm to regulate and promote blockchain solutions that help us with new forms of energy, like solar.
Imagine an auto-balanced grid of solar panels with batteries interconnected where the exceed is traded. Imagine insurances where "money" is from and for the community. Imagine telecommunications empowered and owned by the people.
It is not that difficult to envision the future.
Penafian
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