AZ PowerWash Pros
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Kory, where does our money come from now? It is the same B.S.
Our money is printed by a privately owned bank. America doesn't even control its own currency. Basically, our money now is printed from America's debt. It is not backed by anything. No silver, gold, or anything besides, paper "Federal Reserve Note". It is only worth anything because we use it, and that is what makes it popular to trade. People create its value by using it. When people decide to use something as a form of trading that is what gives it value. If everyone stopped using the Dollar it would be worthless.
The more people that use Bitcoin the more valuable it becomes. Basically, Bitcoin comes from computer processors, the more computers that log into its network the more processor power the network has. The network creates less and less Bitcoins as more computers log into its network. So the more people that mine Bitcoins then the more valuable each Bitcoin becomes because it creates less Bitcoins as more computers join. Similar to gold or other natural resources because they run out and are limited. Unlike our current monetary system, that prints more and more money every year. This system creates less and less Bitcoins as more people join the network. So the coin is more valuable the more it used because less are created. That is the concept anyway.
It is made up BS, I would agree. But not anymore made up than the current monetary system. Just different people with different end games behind each.
If you grew up using Bitcoins you would say the exact same thing about Dollars if a privately owned bank started printing money from nothing and claimed it had value. We are just born into using Dollars that is why it makes sense to us now.
If people start using Bitcoin I will start working for Bitcoins. It is growing every year so it might be sooner than later before I clean a driveway for 1.5 Bitcoins!
Economics is crazy.
