11-20-2021, 04:04 PM
Hillary Clinton declaration, might just mark the second leg of this bull run.
<!-- SC_OFF --><div class="md"><p>Hillary Clinton just said on a recent interview, one of the most bullish statements that I have ever heard about Cryptocurrencies.</p> <p><em>Quote:</em> "One more area that I hope nation-states start paying greater attention to is the rise of cryptocurrencies – because what looks like a very interesting and somewhat exotic effort to literally mine new coins in order to trade with them has the potential for undermining currencies, for undermining the role of the dollar as the reserve currency, <strong>for destabilizing nations</strong>, perhaps starting with small ones but going much larger." </p> <p><a href="https://thecryptobasic.com/2021/11/19/hillary-clinton-says-crypto-could-devastate-many-country-economies-and-undermine-dollar-as-worlds-reserve-currency/">Source of the Quote.</a></p> <p><a href="https://twitter.com/i/status/1461677237091115008">Video of the Interview.</a></p> <p>What does this mean, at least from my point of view. This it's just proof that crypto, it's putting the Fiat system to the test, and it's making noise to the people who have a huge stake at the current status quo of the financial structure that societies have been under, over decades now.</p> <p>And why is that? Why does crypto, and in my opinion specially Bitcoin, can disrupt so abruptly. It's mainly for the 5 services that money needs to provide to society in order to exist, and work for us as a medium of exchange.</p> <p>What are those 5 services that something has to have in order to become a currency?</p> <p>1.- Divisibility: Money needs to be divisible, it's a pretty obvious one, if you wan't to buy something expensive you won be carrying 2 trucks full of coins with you, you can just make bigger measures of money or smaller ones for cheap things like a can of soda.</p> <p>2.- Durability: It needs to be stand the proof of time, and I'm not talking about the agreement on a certain Fiat currency such as USD or EUR, I mean, if you store 5 apples in a bank they're going to be worth nothing in a few days (if you use apples for exchanging goods), but if you put coins, paper, or gold it will be there for a long, long time.</p> <p>3.- Recognizability: Each trading party can verify the authenticity of the money. Meaning that every transaction that I'm giving you money, you can be secure if it is real, by putting in into that light that reflects certain materials that they put into money, if it would be gold there are other ways to verify if it's real.</p> <p>4.- Portability: Pretty obvious one, you must be able to move it across time and space without problem.</p> <p>5.- Scarcity: This is the most important thing about money, and one of the best ways that crypto it's better than Fiat money ruled by Goverments. Scarcity occurs when the demand outstrips supply, so when there is a demand of a certain currency there will be a supply of that currency.</p> <p>Crypto, just makes the checkmark over these 5 services, and specially Scarcity. Why? Governments and the people who control the flow of currencies, <strong>ALWAYS</strong> takes advantage of the position where they are in, and just print more of that currency in order to have more for them, and less for everybody else, this is just human nature, and you can study a little bit of history and you will notice that this repeats over time on every society. </p> <p>In the case of Bitcoin, we just have supply of 21,000,000 coins, and no one can make more out of tin air like governments do, when they please. So Scarcity, it's the main advantage that crypto and bitcoin has over Fiat currencies.</p> <p>So if you ask me, for the reasons that I just gave, Hillary Clinton, just point out the fact that Crypto, it's making the work that we all expect it to be making over time, and it's doing it fast.</p> <p>Ps: This post was remake by myself, last one got deleted, for having no source.</p> <p>Also, In no shape or form this is a political attack on Hillary, it's just a perspective and speculation around the main reason on why Crypto was created.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/isaac_horstmeier"> /u/isaac_horstmeier </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qxmi8h/hillary_clinton_declaration_might_just_mark_the/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qxmi8h/hillary_clinton_declaration_might_just_mark_the/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>Hillary Clinton just said on a recent interview, one of the most bullish statements that I have ever heard about Cryptocurrencies.</p> <p><em>Quote:</em> "One more area that I hope nation-states start paying greater attention to is the rise of cryptocurrencies – because what looks like a very interesting and somewhat exotic effort to literally mine new coins in order to trade with them has the potential for undermining currencies, for undermining the role of the dollar as the reserve currency, <strong>for destabilizing nations</strong>, perhaps starting with small ones but going much larger." </p> <p><a href="https://thecryptobasic.com/2021/11/19/hillary-clinton-says-crypto-could-devastate-many-country-economies-and-undermine-dollar-as-worlds-reserve-currency/">Source of the Quote.</a></p> <p><a href="https://twitter.com/i/status/1461677237091115008">Video of the Interview.</a></p> <p>What does this mean, at least from my point of view. This it's just proof that crypto, it's putting the Fiat system to the test, and it's making noise to the people who have a huge stake at the current status quo of the financial structure that societies have been under, over decades now.</p> <p>And why is that? Why does crypto, and in my opinion specially Bitcoin, can disrupt so abruptly. It's mainly for the 5 services that money needs to provide to society in order to exist, and work for us as a medium of exchange.</p> <p>What are those 5 services that something has to have in order to become a currency?</p> <p>1.- Divisibility: Money needs to be divisible, it's a pretty obvious one, if you wan't to buy something expensive you won be carrying 2 trucks full of coins with you, you can just make bigger measures of money or smaller ones for cheap things like a can of soda.</p> <p>2.- Durability: It needs to be stand the proof of time, and I'm not talking about the agreement on a certain Fiat currency such as USD or EUR, I mean, if you store 5 apples in a bank they're going to be worth nothing in a few days (if you use apples for exchanging goods), but if you put coins, paper, or gold it will be there for a long, long time.</p> <p>3.- Recognizability: Each trading party can verify the authenticity of the money. Meaning that every transaction that I'm giving you money, you can be secure if it is real, by putting in into that light that reflects certain materials that they put into money, if it would be gold there are other ways to verify if it's real.</p> <p>4.- Portability: Pretty obvious one, you must be able to move it across time and space without problem.</p> <p>5.- Scarcity: This is the most important thing about money, and one of the best ways that crypto it's better than Fiat money ruled by Goverments. Scarcity occurs when the demand outstrips supply, so when there is a demand of a certain currency there will be a supply of that currency.</p> <p>Crypto, just makes the checkmark over these 5 services, and specially Scarcity. Why? Governments and the people who control the flow of currencies, <strong>ALWAYS</strong> takes advantage of the position where they are in, and just print more of that currency in order to have more for them, and less for everybody else, this is just human nature, and you can study a little bit of history and you will notice that this repeats over time on every society. </p> <p>In the case of Bitcoin, we just have supply of 21,000,000 coins, and no one can make more out of tin air like governments do, when they please. So Scarcity, it's the main advantage that crypto and bitcoin has over Fiat currencies.</p> <p>So if you ask me, for the reasons that I just gave, Hillary Clinton, just point out the fact that Crypto, it's making the work that we all expect it to be making over time, and it's doing it fast.</p> <p>Ps: This post was remake by myself, last one got deleted, for having no source.</p> <p>Also, In no shape or form this is a political attack on Hillary, it's just a perspective and speculation around the main reason on why Crypto was created.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/isaac_horstmeier"> /u/isaac_horstmeier </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qxmi8h/hillary_clinton_declaration_might_just_mark_the/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qxmi8h/hillary_clinton_declaration_might_just_mark_the/">[comments]</a></span>Kind Regards R