I recall talkin shyt about Bitcoin but I been consuming some Youtube vids about the Federal Reserve and central banks in general. Long story short: all wars and big time assasinations are a result of the struggle to escape the grasp of central banks. Basically the bankers will murder and fight world wars to keep control.
Bitcoin seems like the answer since there's no debt associated with issuing it and no way to control it without turning off the web.
Am I on the right track Brehs?
Not yet, and it is more complex than what Bitcoin is. Really, has nothing to do with the Bitcoin network either. Short of a radical event, Bitcoin just won't be accepted by casual every day users anytime soon. Remember, it's not even a decade old technology, the investment field while ramping up is still young, and it isn't too user friendly to use. It's got the potential to be huge, and it's already got a market cap of a couple billion US $$ but no one can be sure it'll explode.
The biggest "drawback" of course is that most people don't need to use it yet. Once global shopping becomes a bigger deal and people want to transfer money without Western Union or Pay Pal fees, chances are Bitcoin use will grow. Likewise, once enough merchants see Bitcoin is a buyer beware system AND cheaper for them than using credit systems they will incorporate it.
The reasons I gave of course ignore central banks in each country fighting against Bitcoin (easy to do,
sort of). Many people see Bitcoin as replacing the fractional reserve banking system which is just not happening. Especially since most people don't understand how currency works anyway. They won't allow it.
