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Bitcoin and the Energy Commodity System
The world needs a new financial system that doesn't involve the petro dollar. Bitcoin is an energy standard and its issuance requires a significant amount of energy to be able to submit enough cryptographic hashes for rewards. America has basically set up a monopoly on the ins and outs of bitcoin purchasing and selling, says John Defterios. We should see pretty significant um increase of wealth if we use this currency in our everyday lives, he adds.