Why Blockchain Will Save You and The World Money
“What if we had a rational currency where nobody or no government could print more? That was the basis of Bitcoin.”
(click to tweet)
Blockchain will save the world.
We hear this a lot in our crypto conversations. The overeager blockchain enthusiast is quick to say that every problem will be solved by this technology. Whether or not that’s true is beside the point; what we do know is that the blockchain will continue to cheapen the cost of financial transactions, saving both you and the whole world money.
On today’s episode of The Bitcoin Crypto Mentor Mastermind Show, we are at the Affiliate Summit to talk about all things related to cryptocurrency. From empowering the bottom 2 billion people living in poverty to easing banks’ transfer of money, the blockchain technology will revolutionize the global financial system. Because of this, you as the individual will also save money. Tune in to hear the mechanics of how this will happen.
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“If I paid you more money next year, you’d think you’d be making more money. But if it buys less, you’re actually not. This is quantitative easing.”
(click to tweet)
Points to Keep In Mind
- Banks saved $6 billion by developing their own cross-border cryptocurrency
- Be skeptical of what pharmaceutical companies say
- Quantitative easing: the introduction of new money into the money supply by a central bank
- The U.S. National Debt exceeds the GDP
- The GDP cannot grow faster than debt grows
- The basis of Bitcoin was: what if we had a rational currency where nobody or no government could print more
- Bitcoin is to the financial system as what DOS is to the computer industry
- The largest slum in Mumbai actually produces $300 million in finished goods a year
- Bitcoin would take this value out of the loan sharks’ hands
- Government regulation is not a bad thing
- It’s illegal to buy oil with any currency other than U.S. dollars