Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: Rakin343 on September 06, 2022, 03:36:03 AM
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Macro strategist Lyn Alden says that in a global economy underpinned by an inflationary system, Bitcoin (BTC) stands as world’s best ledger.
In a new interview with Bitcoin proponent Peter McCormack, Alden says BTC is the ideal solution for the problems of the current monetary system.
“One problem is that we have an inflationary system. That’s problematic enough in developed countries. In smaller and developing countries, they have much higher inflation levels on average, and usually within a lifetime they experience hyperinflation. They just lose their savings if they were holding that currency…
Number two is the fact that it’s all mostly permissioned. You need permission from your bank to do things. In some countries, that’s pretty benign. In other countries that are more authoritarian, and according to estimates from Freedom House – the way they depict it – about half the world lives under something that’s classified as authoritarian or semi-authoritarian. So permission systems are obviously a big problem in that regard. source (https://cryptonews.net/11910357/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared)