Nice graph bro

 

soon™

It will be dominated by evil, greedy corporations though.

Only time will tell which type of dominiation is worse for me, the consumer.

Such ideal

Much Dumb




You realize whoever controls the most hash can easily screw bitcoin.......right?

cex.io has over 40%. They sold off some of their power in order to prevent Bitcoin from falling due to lack of investor confidence. However , they can easily get sufficient mining power if they tried to dominate Bitcoin.

This is exactly what Bitcoin is against , the fact that a single person or group of people has the power to make decisions , even if they are trustworthy.

What Bitcoin is or is not remains a question. However, Bitcoin is NOT the FIRST global reserve currency. The United States Dollar as we have it now is a global reserve currency that preceded Bitcoin.

The Federal Reserve Bank is the maker and controller of the USD. The Fed is an international company. The fact that it resides in the United States simply gives benefits to the people of the United States.

If the U.S. decided to shut down the Federal Reserve Bank, they couldn't do it. They might be able to make certain adjustments on how and where the Bank operated, but they couldn't shut it down. The most they could do is force it offshore.

The Fed is essentially international. The USD that it manipulates is probably the first TRULY global currency. It is a currency that is backed by debt and credit rather than value. The major difference between the USD and Bitcoin is that Bitcoin is a PRIVATE currency while the USD is public. The second difference is that the Big Banking Boys do not control Bitcoin directly. This IS because, Biotcoin, by its nature, is a private currency rather than a public one like the USD.

You could argue whether or not having the fed in the US is good for us or not. The faster people divest from fiat currency the faster the feds power shrinks.