Bitcoin should become the base currency and be backed by real assets. Pegging Bitcoin to real assets will make its price stable. The absence of usury in bitcoins will motivate holders to participate positively in society by investing their bitcoins in business.
One of the advantages of Bitcoin is that it is mined with “proof of work”. This means that in order to earn funds, bitcoin holders must invest in a business. This is different from how loan sharks make money by not being involved in the business, but only by earning interest on a loan for lending money. The concept of earning by not participating is in itself unfair and leads to problems in society and the economy. We never tire of repeating that the business of the future is a socially responsible business.
The process of creating bitcoins (mining) is open and understandable, the total number of coins is limited— BTC21M (21 million) without the ability to create new coins out of thin air, which eliminates many of the negative consequences of this.
Comments
Post a Comment
Write whatever you think. It is not advisable to use obscene words that are usually hidden from children. We cannot delete or edit comments without voting and public approval for it.