Crypto 360°

So, I have been... brushing up history lessons and had some funny history reading with currencies (thanks to people explaining Cryptocurrencies), and then it made me think of something.

Bitcoin calls itself "Digital Gold", no longer P2P electronic cash.

History lessons about economics told us that the currencies we used were once backed by gold and we physically once used gold coins before that, and banks were created to make our currencies uniform.

Like the currencies we have right way back, Bitcoin was made to be a currency without a middleman, but Bank interference made it to become what it is today, a stagnated cryptocurrency coin with it's only use case being a "store of value" which depends on speculation imposed by traders of the markets.

We're essentially seeing Bitcoin being literally treated like gold, and one day it will become the first fiat cryptocurrency because the banks ruined it to the point that it no longer has value.

Or I'm just paranoid because I'm temporarily leaving the gambling side of cryptocurrency and I want to forget about them for a while.

EDIT: Some minor stuff added.

submitted by /u/RowanSkie
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source https://www.reddit.com/r/btc/comments/jla0gh/bitcoins_digital_gold_claim_is_a_callout_to/

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