Forbes: Bitcoin is a Hedge against Bad Governments.

in crypto •  6 months ago  (edited)

Forbes: Bitcoin is a Hedge against Bad Governments....

Article: https://www.forbes.com/sites/rogerhuang/2019/08/27/bitcoin-and-cryptocurrencies-are-a-hedge-for-bad-government/amp/

Aren’t you glad you have a little Bitcoin now ?

Bitcoin and cryptocurrencies at scale are not just a hedge for inflation and an ever-expanding monetary supply — they are a fundamental hedge against bad governance and bad governments. In this respect, it may be easier to evaluate them along a longer-term horizon then just a short-term store of value.

Start with the fact that bitcoin and cryptocurrencies are structured to be independent from central authorities and that decentralization is an explicit goal of the system. Bitcoin can be considered the first prototype of something more exciting than digital cash because it focuses explicitly on governance and issuance.

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He's not wrong, you know. And it's made all the more ironic by which governments support cryptocurrency and which ones don't.

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