(click to tweet)
Most of our world’s problems are rooted in financial corruption.
So what happens when financial corruption is no longer possible because cryptocurrency is the universal method of payment? Do the problems disappear? If so, what does that new world look like?
The naysayers will tell you that corruption is still possible, even with crypto’s open-source, peer-to-peer review system. But it’s hard to imagine that the same developers creating this software to rebel against today’s very corrupt system are going to be the ones ten years from now, learning the quantum computing required to corrupt their own solution.
However you choose to forecast the future, the reality of Bitcoin is that you cannot print endless dollars; the supply is finite. This is a stark difference to today’s reality in which national governments print endless dollars of money to fund the weapons required to go to war.
On today’s episode of The Bitcoin Crypto Mentor Mastermind show, we are joined by Amith Nirgunarthy, the Founder and CEO of the cryptocurrency research institution Blockstreet. He is also the former Director of Marketing of Bitcoin IRA. Amith specializes in understanding how cryptocurrency fits into our global economy, and how it will inevitably replace the current model of each nation printing its own currency, and ultimately lead to a better world.
Don’t forget! You can also listen to The Tai Lopez Show on Spotify! Click “Follow” and let me know what you think!
“We pay for service because we trust that person to do that job right. But with blockchain, if we can verify that the job was done right, then we don’t need that trust part, and the price comes down.” - Amith Nirgunarthy(click to tweet)
Points to Keep In Mind- In Mexico, you can send Bitcoin to a location where someone goes to pick up cash
- There are no longer boundaries between countries, so no use for national currencies
- A blockchain technology would eliminate real estate corruption in a place like India by exposing latitude/longitude disputes
- Litecoin is the vitamin, Bitcoin is the painkiller; which has a stronger technology
- In India, developers are flocking to Eos for the code efficiency
- Any coin you invest in, join the Telegram group
- A blockchain technology (like Steem) would eliminate Facebook’s ability to profit off the people’s information; instead the people would be paid for their info
- Skeptics of the forking are worried about the dilution of the Bitcoin brand and don’t understand that there’s enough to go around
- The Silicon Valley venture capital world will become tokenized with ICOs
- Wars exist because governments can print endless dollars to make weapons; with Bitcoin, you can’t print endless dollars
- Trezor is easier to set up than Nano
- The biggest threat to cryptocurrency is quantum computing, the ability to break code