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RE: Would The Father of Economics Invest in Bitcoin?
Adam Smith, contrary to the conservative opinion promulgated by some adherents, was conscious of some of the issues of capitalism. In the US currently, those that are not in the financial sector are in a way oppressed financially unless they find a way to profit from investments that benefit from low interest rates. Bitcoin feels so underground because of the accesability of it for the ordinary guy.
yeah man the Low Interest rate Opression has created blowback where the average Joe is now getting interest rates for Saving Money that outperform any Bankers so we have all these "liuttle people" making returns that re WAY too much for them according to Jaime Dimon and other Bankers...They dont like the little guy making huge returns in short periods, because THAT ios only for the ELITE! Only the ELITE are a;lowed to make money this fast! Only the Elite are allowed to "create" their own money .....so maybe we should be fearful of the Banks trying to simply buy up al the biutcoin and bitcoin companies on Eartyh while theyre still affordable for the woprlfs trillionaires and steemit could just be bought up by Facebook r Googfle and buy out all the top Steempower users offering something like $5 or $10 per steem to powerdown and sell them all their steempower because with enough money someone could easily start taking over large sections of Steem blockchain bribing witness etc so I hope I am wrong and many whales and witnesses have integrity and im sure many do, and we only need a small group of whales with ethics and integrity to keep stem open and free, just like Bitcoin cannot be really dominated via Hostile corporate takeover since decentralized systems are always open to more people coming in and opening up their own BTC nodes and miners, anyone with the money and resources can build their own BTC mining farm or redirect mainframe cloud power to mining Bitcoin (albeit inefficiently but could allow someone to overnight dominate the Bitcoin network in terms of PetaHash) but still you then need to set up so many Bitcoin nodes to try and take over bitcoin, it seems improbbable and would not be worth it...or would it? well i dont see anyone being able to dominate bitcoin enot even the chinese!
we will see many many power struggle sin teh next ten years
Never sell Steem Power. Sell your kidneys before Steem Power :D