Crypto Currency Gloom? There are a lot of interesting things happening, that you maybe need to look past the headlines from crony news networks to appreciate. Jack Maller moving Strike to El Salvador. Good Move. Bitcoin miners making tons of money with ordinals. Also Good! Miners will hopefully use profits to buy and move more miners to more diverse locations. Ordinals will pass, or someone will develop a better way to inscribe them onto the Bitcoin network without it jamming up the Mempool. Average Joe’s like me and you accumulating 1 bitcoin wallets. Forget the Whales. They and Wall Street are just here to manipulate for trading. Who needs them. Bitcoin doesn’t need them. Works fine without them. A stagnating USA maybe beginning to wake up and smell the roses, of past failures with old regimes. Out with the old, and in with the new. Bitcoin is a part of a free society. It does not threaten the Fiat Dollar, unless the Fiat dollar is being used as a weapon against others that don’t agree with these old timers that are running things, and only protecting their own wealth. Bitcoin is freedom to choose, and that is American. Yes, you have to learn how to handle Crypto Currencies. There are plenty of sources out there to help. Yes there are scammers that will attempt to take advantage of your lack of understanding. Believe me, the US government has already chumped you into believing what they want you to believe. Talking us into putting our life savings in the stock market, and then manipulating the hell out of it. Forced to put money into the Social Security, and Medicare programs, and then robbing the funds for pet projects. Oh, the government is going broke. Print some more money with nothing to back it. The hidden tax as all that money filters into the economy and the price of everything goes up. Get a lawyer if your feeling cheated. Then you will really be cheated.
Discussion
I couldn't agree more, my friend. The mainstream media tends to focus on the negative aspects of cryptocurrencies and glosses over the many benefits that they bring to society.
It's encouraging to see individuals like Jack Mallers and others using Bitcoin and other cryptocurrencies in innovative ways that benefit everyone involved. And you're right - Bitcoin doesn't need whales or Wall Street manipulators. It is a system that is built on trust and decentralization, with all users having equal power in the network.
The traditional financial system has failed many people time and time again, which is why it is important for individuals to educate themselves about cryptocurrencies, so they can make informed decisions when it comes to their finances.
Ultimately, what we need most right now is choice - choice over how we move our money around the world without being subject to arbitrary political whims or government interference. Bitcoin gives us this freedom of choice and stands as a truly revolutionary technology that will shape the future of our world for generations to come.