Thank you dear Hendrick,
I believe you are right. I could add it. I see QE as part of the slow meltdown of the old economic system. It is one of the main elements of the bankruptcy of our pyramidical old system.
Every day 38 million new dollar notes are printed, but much more comes into the ecosystem digitally daily at least until April as the FED has promised us, but of course, it needs to be done infinitely as you correctly add. All of this shows the heart of the flaw, our money that comes with interest-bearing debt.
It is just waiting for the collapse, counting the days. Are you?
The armageddon of FIAT will spark Bitcoins adoption, that we can be sure of. Although people will need money to pay their bills and will try to collect their savings when hopefully their collapsed bank hasn't fallen on their heads already. That's the economic crisis part that I have woven into the article. I have written so much about it and I believe it will play out this year or in 2021.
Read more about why our system as we know it must transform here
As you probably have noticed in my blogs, I believe the real solution is not only in a new system. Our awareness needs to change too.
With what intentions will we use blockchain tech, to run a surveillance state like china? Or bank the unbanked, and redistribute the money from the top of the pyramid?
Bitcoin has imported the good old money pyramid into its own ecosystem with a small group of people owning most of the Bitcoins. Also, when the majority of people won’t agree on a new form of decentralized money, Bitcoin will remain a digital currency outlaw.
At the end of the day, Bitcoin is just a tool. it is US to create a new money system with better intentions than the last one. At least the decentralized part takes away the human flaw of corruption, the single point of failure. There is hope. Flat systems will win over pyramid systems in the long run.
A new story of money needs to be told within a new set of values where this tool really fits us and can thrive with us. Serves us.