I just realize how powerful bitcoin can be. Some sees it as a tool to get rich but what is the point of being rich if a country's gov continues to be corrupted and makes the currency have even less value over time. IMO, Bitcoin is really a tool for the people to control their country political agendas at the end of the day.
I imagine a scenario, where prime minister/president make a declaration to do something that majority people do not agree with but insist of doing it anyway. We can go to protest in front of the parliament and get tear gas. In result, many are heavily injured from a simple protest and this is from the best surviving scenario. Long story short in most cases, nothing changes in the end. All effort gone to waste. Down the drain.
But what happen if at least thirty percent of the population unanimously decided to take out their wealth from the central bank and buy bitcoins as a form of protest. Government will have to do something right? Because they realize that their resources has just lessen for other expenditures. What do they do next? A ban in purchase of bitcoin and use of cryptocurrency? Is that even possible when there is an increasing number of platforms to buy from? An execution or jail imprisonment? Isnt that a bit ridiculous because there could be underage that buys it too or bought a long time ago. Gov could print more money but that would devalue the currency even more and this angers many industralists/capitalists and will lose their supports especially the foreign investors. As more time is being wasted, opposing party will gain more power and votes by ridiculing the government. To stop wasting time, gov will take drastic action which leads to a re-election or a change in declaration.
Good and favored government will receive more fund from foreign investors which will strengthen the country currency and help their country to be on the right track. So that's the part when people sell their bitcoins to buy back their currency right? Faith within the country improves and perhaps restored. Reality, not all would sell but people gain something more important which is the control of country by the people.
I truly feel this is how bitcoin could help people to achieve true democracy. A full control by the people, from the people and for the people.
Since day one till now, the people have lost control of their country politics right? This will go on for another century or more. The current price of Bitcoin reflects the desperation of the people who wants to change their government to improve their life. Is the current price of it too high for the change of the country? I don't think so especially if one can buy a fraction of its price. A fraction of its price for power is truly not expensive.
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