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Opinion: Bitcoin — masked as a get-rich-quick scheme, an instrument in the fight against dictatorship

Opinion: Bitcoin — masked as a get-rich-quick scheme, an instrument in the fight against dictatorship

Bitcoin is the ‘realisation of the store-of-value function’. This was stated by analyst Maxim Onegin at the online conference \”Bitcoin at Full Throttle\,” during which experts discussed Bitcoin’s development from technical and economic perspectives.

Bitcoin Core developer Gleb Naumenko regards one of the most precise descriptions of the first cryptocurrency as an instrument for fighting dictatorships, masquerading as a get-rich-quick scheme.

He called the price rally a ‘good side effect’, but stressed that the cryptocurrency’s original purpose should not be forgotten.

Speakers noted that more people are turning to Bitcoin amid government actions and the crisis of the current economic model, and the issuance by central banks of their own digital currencies (CBDCs) threatens even greater regulatory control.

What is Central Bank Digital Currency (CBDC)?

In December, ForkLog held an online conference \u201cBitcoin 2020: New Horizons\u201d, during which experts stated that, should a quantum computer appear, Bitcoin holders should hodl and its forks Bitcoin holders should hodl and its forks.

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