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RE: A Look At Who Owns Bitcoin, And Why

in #bitcoin7 years ago

Without a monopoly on currency, the fiat world order is dead. When Bitcoin entered and became more of a threat as a currency rather than an asset, the banking system needed a way to discredit the threat to their system. They figured it out: inject price instability. I read a piece about Stripe no longer accepting Btc because the price fluctuations wreak havoc on profitability, among other things. The banking system wins again. They don't care if there's another asset to be traded called Bitcoin. They only care that there is no alternative currency called Bitcoin.

Same thing with the recent announcement that solar panels are being slapped with a tariff. Of all the products upon which to assess the fee, they choose one that is blossoming into a genuine alternative to petroleum. There shall be no alternatives to the petro-dollar. It's not a bullet to the heart of the solar industry, but it is a good knife-wound. It removes the incentive for most people to make the switch to home-generated energy

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Yeah I agree that without a monopoly on currency, the fiat world order is dead.