“Sir, millions of people don’t have any money and have nothing to eat.” “Let them use Bitcoin”

The American government has now been shut down for over 35 days – which is unprecedented. Disastrous for many and devastating for some. The public are generally unconcerned about the mechanisms of a financial system, whether it is fiat, gold or crypto, they are motivated by the ability to be able to function on a day to day basis.

If the ability to be able to acquire food, use energy and access transportation is out of reach for people they will create their own gift economies based on reciprocation and social debts. They may even use a digital exchange mechanism but it will very unlikely be the one that many people have invested into to accumulate wealth.

Or maybe we’ll just carry on walking this dead dog of a financial system by dragging the corpse along with the leash?

submitted by /u/spritecut [link] [comments]r/CryptoCurrencyRead More

You might also be interested in reading Solana price forms rare bullish pattern as key network metrics soar.