Once again for you taking the time.
You did give me a bit of clarity. A bit of insight that bitcoin/ other crypto currencies could have attempted to lighten oppression in china.
The subject at hand is pretty intensive. My question may be very premature for cetain crowds.
My observation has been:
In the U.S
Inflation woes comes along with “buy bitcoin.”
I agree inflation is a bad thing.
My argument or being unsettled may be the overall media narrative.
I feel that during the pandemic the U.S has faired alright considering everything the pandemic brought. Businesses closing, new businesses not opening, the pandemic was a huge topic in last years election. From local government to national government we had to evaluate how people were leading us through the pandemic.
Now or in the previous months the popularity of bitcoin seems pretty synonymous with inflation.
*i dont mind some kind of something holding inflation a bit more accountable so kudos to bitcoin and other cryptocurrencies for this.
However i find it counterproductive in overall national moral.
Take a company structure for example. At the risk of sounding pretentious a company like Tesla.
In popular news They have had a bit of turbulance in the past couple months.
If someone within the company started saying let’s look to Ford not as an acquisition but as a migration. A migration of that person and other employees they want to take with them. Let’s say they want to make this decision not primarily because of Ethos but because it would be financially beneficial for the moment. Like they panicked.
This idea is awful for Elon Musk and the rest of Tesla.
People leaving right when the going gets tough.
In China’s unity and with their unchallenged national currency. I feel they have a long term advantage. They are investing in themselves.
They also have a strong presence in Africa and other parts of the world. I hate saying “i read” as if i am passing it on as truth but i read that that African countries may adopt the yuan *a quick google search i just made to refrence showed me 14 African counties are interested in adopting the yuan as a reseve currency.
This gives China a tremendous opportunity to truly be The global leader in my opinion.
All the while Bitcoin has sparked U.S national attention in the light of a “craze”. It seems very immature.
“If we fall into recession bit coin is the thing to have so buy, buy, buy.” That example may be me being satirical. Excuse me. But that’s kind of how i see it.
I also find it ironic that democrats have the reputation for spending. And from a general at best understanding, spending leads to inflation. Republicans were notorious for saying “all Obama wants to do is spend”. What if Obama got behind bitcoin?
Something just seems off.
The U.S has a cool imaginitive approach to a serious question
China has a Serious approach to a serious question.
Im here on a crypto currency forum of Cardano. A company that i think has a great philosophy.
I also have a hightened interest in the greater subject whatever that may be.
Something like the market crash of 2008 brought me here. But casually, i didn’t protest.