How Bitcoin will save us during the next financial crisis?

Date:

2018-11-09 12:45:06

Views:

76

Rating:

1Like 0Dislike

Share:

How Bitcoin will save us during the next financial crisis?

Overstock CEO Patrick Byrne shared his thoughts about the biggest cryptocurrency on the market. In an interview for the Youtube channel Naomi Brockwell he told me how Bitcoin will become a world currency. According to Byrne, people will start to buy the cryptocurrency at the next collapse of the financial system. Prove it examples or Syria. He believes the modern financial system «big mysterious Keynesian Ponzi scheme».

Byrne lamented on how often governments called Bitcoin a pyramid scheme, and the Central banking system of the United States in this case convinces everyone in reality the value of the dollar. In his opinion, lends fake money, but ordinary people are paying real money.

The global financial system is like a special current account of the US Federal reserve, which by law cannot be overflowing. So they endlessly print money. And for these printed money people for several years are required to pay their real money. Even some important personalities from the US government to the Federal reserve.

Ambcrypto quoted Byrne that Bitcoin gives us the awareness of the unreality of the dollar.

To Think that any private company has the exclusive right to print money! Honestly, I wouldn't mind having the opportunity to print fake money for the us government, and then demand payment from them with real money!

In conclusion, he added that nobody really knows about a private Corporation that owns the Federal reserve. According to him, the codes for launching nuclear weapons will crack much sooner than we get to the bottom of this whole fraudulent scheme.

Recall that recently in the code found Bitcoin from Satoshi Nakamoto, which also says that cryptocurrency — it is salvation from sinking Fiat system. More data to search for .

Recommended

Bullrun while you wait, and better not to wait at all. The analyst

Bullrun while you wait, and better not to wait at all. The analyst

Kryptering recovered slightly after another fall last week which Bitcoin and most altcoins have updated their annual lows. Despite the fact that the current pricing behavior of certain investors is treated as a long-awaited , there are those, accordi...

The Ethereum approached the crucial level. What's next?

The Ethereum approached the crucial level. What's next?

recently, the price has been steadily going down, now ETH is trading below the support level of 92 USD. On the hourly chart ETH/USD yesterday's tapering key triangle does not affect the current support level at around $ 88 according with the Kraken. ...

Thank you for living: main developer Dash denied rumors about the death of the project

Thank you for living: main developer Dash denied rumors about the death of the project

In 2018, the team Dash Group (DCG) did not appear in public. Representatives of DSG did not publish any important notes about the once very promising project. Some skeptics have even called Dash «dead». To dispel all doubts, the CEO of DCG ...

Comments (0)

This article has no comment, be the first!

Add comment

Related News

Payment system SWIFT rejects integration with Ripple. What happened?

Payment system SWIFT rejects integration with Ripple. What happened?

the Rumors about the conclusion of the partnership between and the interbank payment system SWIFT stirred cryptologist. However, Finance Magnates reported that representatives reject the last of the Ripple and say they are not goi...

What cryptocurrency exchange is the safest? The answer of experts

What cryptocurrency exchange is the safest? The answer of experts

Known in the field of cybersecurity company Group-IB has made a rating of top safety kryptomere. According to research by the Moscow company, in partnership with platform insurance scriptaction CryptoIns, the most safe was . The m...

Go to the goal: Chairman of the Board of Directors praised the Ethereum

Go to the goal: Chairman of the Board of Directors praised the Ethereum

Billionaire and Chairman of the Board of Directors of Google, Eric Schmidt, has publicly stated that he considers the Ethereum «a very powerful platform» with virtually unlimited potential. In the Global Village conferen...