Bitcoin Leading The Way To Provide Freedom From the Banksters
It is already happening.
With Iran the latest country in the cross hairs of the U.S. Government, we are now seeing the potential of the cryptocurrency market as an alternative system.
The Swift international transfer system is what gives countries the ability to exclude those it wants to harm. Iran, once sanctioned, was cut off from this system to transfer money around the globe. As you can imagine, without the capability, one is eliminated from the international monetary market.
This is extremely painful for a commodity producing country such as Iran. Without access to USD, the ability to trade is basically eliminated.
Now we are seeing where Bitcoin and other cryptocurrencies can alter this.
Bitbond is a German company that uses Bitcoin to allow people (institutions) to transfer loans anywhere in the world. This bypasses the Swift system which is the basis of the petrodollar.
It is ironic that one of the reasons why Bitcoin is attacked, the ability to evade authorities, is one of the main benefits. As we see with the Iran situation, things are not always black and white. Certainly, ones perspective depends upon what side of the equation one is on. Those who are being sanctioned feel the Swift system is a detriment while the "bullies" on the block are okay with it.
Cryptocurrency provides freedom from the establishment. And sometimes those that are established need to be freed from others that are enslaving.
Personally, I believe we are starting to see the entire structure start to crumble. One of the main reasons why cryptocurrency is outside the control of governments is because they all will never agree on anything. Hence, some, like Iran at the moment, have incentive to go around the established system. Cryptocurrency provides that means.
Of course, we will see how Iran likes it when their citizens use the same system to bypass the control that government sets down.
We are seeing every level of the control chain starting to crack. Cryptocurrency filters down to even the individual in the poorest of countries. Over the next decade, we are going to see an incredible shift in power. Those at the top are already starting to lose control. Each time someone bypasses their system, it is another chink in the armor.
A company like Bitbond has the ability to really shift the entire international transfer system. Bet the ranch that it will not be the last company to do this. I would imagine we see a few more just like it pop up over the next year or so. A good idea is often copied.
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Cryptocurrencies are going to disintermediate a lot of companies in the financial industry and be a great boon to humanity. People will be able to keep more of what they earn because they won't have to pay middlemen. In addition, there will be more transparency and much less fraud, so people will also benefit from transactions that provide value that's fairer. Cryptocurrencies will be very bad for the robber barons in the financial industry.
Being a middleman will be a perilous position going forward. Well said!
Thanks. I think in the coming years cryptos will prove to be one of the greatest inventions impacting the financial markets in recent decades.
100% agree
They are afraid of the system. Because they know, they can't control it or monitor it. That's why, we have to face more attack from the super powers. They will try to bring us down. Well, we know, what worse it could be. so be prepared for every move.
Thanks good information.
Geo-political trade wars are a great thing for the blockchain. America is basically forcing Iran and Venezuela to start implementing crypto directly into their economies. If these countries play their cards right they will come out on top way ahead of the curve. Everyone else will be playing catch up when it comes to integration with the blockchain.
Another country that has already embraced the blockchain is Japan. There are thousands of Bitcoin/Monacoin ATMs their already and businesses there are starting to accept it directly.
I’m still surprised western governments haven’t had some sort of a push to try to ban crypto.
Anyone think there might be a propaganda push from the US media to make it sound most people who buy crypto are terrorists or terrorist sympathizers?
We must above all else understand that just because there is a parallel system to the government, it does not mean that it will be allowed to dominate.
can we look at this article? i found it pragmatic and far reaching. governments relinquishing control is too good to be true. a parallel network will exist but with dystopian implications.
https://hackernoon.com/what-will-bitcoin-look-like-in-twenty-years-7e75481a798c
You are presuming they are going to have a choice whether to stop it or not.
Just like the banks, and everything else that stood in the way of the internet, it got run over.
They will kick and scream yet still invite the Trojan Horse in....we are already starting to see it.
Bitcoin is unstoppable, it is the decentralized engine, though transactions are public. But untraceable currencies such as Monero are poised to capture a decent part of the market share. Stay thirsty my friends.
Agree, I think privacy coins are going to be very important in the future.
Your post is golden.. i think post might have its advantages as well as..
UPVOTE AND RESTEEMED it.
Thank you