Bitcoin Doubters - Time to Embrace the Future
While The Bitcoin Doubters Hang on to the Past - Bitcoin Roars Into the Future
I can't tell you how many times I get people emailing me about STOPPING all the talk about Bitcoin and focus ONLY on silver. They wonder how I can fully understand silver and totally "not understand how fraudulent the electronic money Bitcoin scam is."
When I get these emails it only strengthens my resolve as I know....THEY HAVEN'T DONE THEIR HOMEWORK! Truthfully, it feels a little like 2002 when I was one of the few people urging people to do their research and buy silver at under $5/oz!
Over the past 2 years I've been practically begging people to LEARN about Bitcoin because it has most of the benefits that silver has as a form of money in the monetary system but it is much more. It is rare (21M max), it is fungible(all bitcoins are the same), it is divisible(down to 100 millionth of a BTC), it is durable(your transactions on the Blockchain Ledger will not go away-ever), it is easy to use (once you put a BTC wallet on your cell phone) and on and on. Maybe the ONLY difference as a monetary unit is that it doesn't have the long history as money that silver does - but how could it? Computers were only invented in the 1940's and the internet only became widespread in the 1990's. Bitcoin wasn't in the list of choices for what to use as money...but it is NOW!
But Bitcoin as a form of money is only ONE thing it can do as more and more are coming to understand the Bitcoin Blockchain - the ledger of all transactions and the way they are verified. This Bitcoin technology is a HUGE breakthrough for all forms of transaction verification from peer-to-peer interactions, anonymous payment processing, document verification, tracking, micro-payments and new uses are being developed as you are reading this article!
Even the Banking Industry is beginning to embrace the Blockchain as they see the potential but they are caught between trying to preserve their monopoly over money and embracing the technological benefits of the blockchain. In THEIR perfect world the Blockchain remains and Bitcoin goes away but that will not happen as they are interdependent upon each other. They can always try to outlaw Bitcoin as money but then there would be no incentive for the miners to verify transactions making the Blockchain useless. It gets complicated when banks want their cake and to eat it too!
The best argument people have had against bitcoin is this one: "What if the internet goes down for good, you will lose all your Bitcoins!" This is true but you will lose more than Bitcoins because you will most likely DIE. Our civilization is now TOTALLY DEPENDENT on internet technology from putting food and goods on the shelf to getting power to homes and businesses. It is estimated that if the internet went down for good over 95% of the western populations would die within a month. Needless to say - silver and gold would be just as worthless as your Bitcoins in that scenario!
But why dwell on the potential catastrophes? We live with the knowledge that a comet or nuclear war can end our existence on Earth in a blink of an eye and yet we persevere. Life is about LIVING IT and not about worrying and preparing for HOW IT WILL END.
Truthfully, there will always be doubters about Bitcoin and that's fine but Bitcoin will continue to strengthen and grow as the doubters will slowly fade into the past because Bitcoin doesn't need them to believe. It is growing up all on it's own and the info-graphic below is a testament to that.
http://www.visualcapitalist.com/the-bitcoin-universe-explained/
To get started with your own Bitcoin wallet click on the link below and you will also get $10 of free bitcoin when you buy your first $100 worth!
