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Re: trunkmonk post# 1146

Tuesday, 03/16/2021 3:26:53 PM

Tuesday, March 16, 2021 3:26:53 PM

Post# of 1836
Bitcoin is a commodity, not a currency. It's more like a digital gold.

For the foreseeable future, each country will want it's own digital currency, and the globe will have to be tied through a common exchange algorithm. (If you doubt this, try telling every country leader they HAVE to use bitcoin for payment.....good luck).

Chainlink is only useful as a decentralized oracle network providing reliable, tamper-proof inputs and outputs for complex smart contracts on any blockchain. (Mostly ChainLink's definition).

These can be global defi contracts between businesses of various countries.
There's an enormous amount of paper contracts, mortgages, insurance policies, registrations, licenses, etc. that all need to be put on the blockchain into defi. (Hint: Think of all of the banks, financial centers, mortgage loans, and insurance companies in the world combined).

It's a huge horizon we're seeing devloping a little at a time.....enjoy it.
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