Cryptocurrency, Bitcoin, Ethereum & BSOV Token — A Deflationary Hedge Against Inflation.
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Cryptocurrency, Bitcoin, Ethereum & BSOV Token — A Deflationary Hedge Against Inflation.
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The world’s fiat currencies and markets are currently experiencing inflation. Cryptocurrencies like Bitcoin are currently providing a hedge against this inflation. Bitcoin’s inflation rate is decreasing and halving every 4th year due to the “Bitcoin halving” that was designed by the anonymous creator Satoshi Nakamoto in the year 2008. This reduction of the inflation rate will decrease until the maximum supply has been reached. There will never exist more than 21 million Bitcoins, and the coins can never be destroyed unless individuals lose the private keys to their holdings.
The price of one Bitcoin has risen over a hundred thousand percent since it was created and has provided millions of early investors a huge increase in wealth and a reliable store-of-value that will never inflate as government-controlled fiat currencies do, and have done previously in the past.
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There are thousands of cryptocurrencies that currently exist today, and new ones are being created every day. Many of them are scams because anyone can create a cryptocurrency. However, many of them are legitimate and provide different utilities, like Ethereum. Ethereum enables the creation of programmable smart contracts, which have an endless sea of possibilities. Think of it as programmable money, open for everyone to use, and see and audit.
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There is another cryptocurrency called BSOV Token, which has existed for nearly 3 years already, and it has similar characteristics as Bitcoin. However, BSOV Token is designed to be even more deflationary than Bitcoin.
BSOV Token also has proof-of-work crypto mining and a similar halving schedule like Bitcoin, but the unique thing about BSOV is that it is deflationary-by-design, meaning that 1% of each on-chain transaction is burnt and destroyed forever.
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This deflationary 1% burning mechanism of BSOV will make the total supply decrease over time, making it an even more deflationary asset than the regular Bitcoin. Given adoption, BSOV Token will become scarce and will continue the deflation until the end of time.
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There have been several hyperinflationary crises in the world’s history, and most of them have occurred due to mismanagement by governments.
Can governments be trusted to be responsible for managing world reserve currencies, or should people trust mathematically sound currencies with predictable inflation schedules secured by cryptography? This is the question you should ask yourself before deciding where to put your money for the future.
More info about BSOV Token can be found at https://bsovtoken.com
