Bitcoin delete debt

This must not be pleased that the United States is preparing for the accumulation of millions of bitcoins. The aim is to lighten the debt load.

Bitcoin and American debt

The fact that the American superpower kissed bitcoins first is not trivial. Many of them rejected the idea that bitcoins could become an international reserve currency and claim that the United States would do everything to protect their monetary hegemony.

We remind you that this domination dates back to Bretton Woods agreements (1944). The nations agreed to retreat to the dollar trade, provided they could convert them to gold at a fixed price of $ 35.

The United States broke its promise in 1971, but immediately forced OPEC nations to sell their oil exclusively in dollars. The old continent was therefore prevented from leaving the dollar. Since then, all export nations have placed their hundreds of billions of dollars in US debt to obtain interest.

This is called a petroleum system that offers the United States an exaggerated privilege to show a chronically deficit of business balance without the collapse of the dollar.

Obviously, the United States lives over their means by getting into debt with export nations. However, this privilege is a double tranchosa. Almost a third of global public debt is indeed American ($ 36,000 billion)…

This debt has become irrelevant, so China has stopped placed its trade surpluses, as well as Russia and many other countries that are around the Sino-Russian Bloc.

And while the empire believed that it could reduce the head of BRICS through a proxy war in Russia, which is the risk of B, which is necessary to care for the debt problem.

BTC plan

Do not overcome EUR 300 billion that Europe owes Russia or 800 billion, that the United States owes China very risky.

It is almost $ 10,000 billion that the US government owes the rest of the world. Unfortunately, no one wants to participate in Ponzi. When BRIC is reluctant to trade dollars, they need to be understood that they no longer want to finance US debt.

And rather than missing the risk of starting the Third World War, why not bet on bitcoins to erase slate? It is the idea of ​​Michael Saylu, who offers to buy 5 to 25 % of bitcoins between $ 2025 and 2035. According to him, these bitcoins could generate between $ 16 and $ 81 billion, “Which would balance the national debt”.

Obviously, Mr. Saylor does not imagine a second that this reserve can understand something other than bitcoins. “There is no second best”He likes to say. This reserve should include only bitcoins obtained only by the sale of gold shares of the country. No ETH, soil or other digital active ingredient is required.

The crypto lobby managed to go to the White House span, but no one is deceived. This strategic reserve will eventually consist of bitcoins.

In the face of American strategy, some of them finally awaken in Europe. Deutsche Bank has just realized that the American strategic reservation of American bitcoins “Could set an international standard”.

In France, Marine Le Pen wants to use the excess of nuclear power plants to undermine bitcoins. “Our nuclear fleet turns only an average of 70 % of their strength.” The aim will be to make it work at full force (…) so that EDF can represent the Bitcoins reserves (…) “She said on Tuesday.

Bitcoin, not crypto

Bitcoin is a decentralized network of independent nodes that guarantee that no entity can take it over. This decentralization prevents more than 21 million bitcoins.

More than twenty gigawatts are currently protecting the network, which is equivalent to 10 to 20 nuclear power plants. Bitcoin represents 99 % evidence of the work of Global, which offers safety guarantees much higher than in the evidence of share, while the profitable surpluses are renewable energy.

In addition, Bitcoin is not in the hands of initiates. Its real decentralization prevents any significant change without a wide global consensus. On the contrary, the protocols of most cryptocurrencies are influenced by unclear foundations, companies or personalities. While Vitalik Buterin continues to weigh with his weight in the development of Ethereum, Satoshi Nakamoto has disappeared.

Another major resolution with altcoins is that bitcoin is active without transmitter (Beads without drainage). It is that the immaculate design is impossible to reproduce that they are bitcoins and remain in a fair and transparent way.

This strongly contrasts with the astronomical amount of ETH, soil or ada that their founders had been freely clogged. For example, 70 % ETH was recommended in advance, including 9.9 % for the founder. The rest was sold at a price of $ 0.30 for 1 ETH.

For XRP and Solan it’s much worse:

All this to say that the final cash supply of bitcoins is guaranteed by its decentralization, which is much less true for other more or less centralized digital assets.

This fixed offer guarantees the necessary deficiency for any self -confidence of an international reserve currency without nationality. Don’t miss our article: Hidden lenses Donald Trump …

Renunciation

The words and opinions expressed in this article are involved only by their author and should not be considered investment counseling. Do your own research before any investment decision.