Global Leadership Institute Inc fka CEHC

[miltonjayro]

The Death of the Dollar

Bit coin is the Future

Consider Bit coin as a car that needs no energy and can travel anywhere with no tolls and lightning speed

-Reggie Middleton

Middelton is a believer in the long-term success of Bitcoin.

“Bitcoin is backed by math. The fiat currency, such as the U.S. dollar, is backed by the full faith of the government. And you have to believe in that government in order for that backing to be true.”

The belief in governments historically comes and goes, Middleton explained, especially looking back to the demise of global empires over the centuries.

A digital currency like Bitcoin can be programmed to satisfy very detailed contracts between individuals and a business. A continued wide-spread acceptance of digital currencies has the potential to radically change a business transaction.

“That takes the middle-man out of the equation,” said Middleton. “The biggest middle-men today are the banks. The banks stand in between people and their money.”

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