Paris 'Yellow Vest' helps to illustrate the feature of Bitcoin
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These protests are centered on tax increases, though these inherent problems are inefficient in Fiat currencies. These opponents are putting riots in Paris every weekend for the last three weeks to effectively convert Paris into a battlefield. This Paris is famous for its revolutionary spirit and it seems that another revolution is going on.
## Excess tax
Recently, price hikes can be a huge protest, but the underlying issue is huge: Uncheck printing of Fiat money. The interesting thing is that the present government has introduced high tax on all cryptocurrencies, citizens will have to pay a flat tax rate of 30% on all capital accumulated from the cryptocurrencies.
These tax increases have increased the cost of life and made unnecessary requirements like fuel and transportation every day. This government has recently introduced a wide range of tax hikes because it fights to maintain its social welfare programs.
## Continuous, systemic devaluation
It has lost about 93% of the value and purchasing power from 1913 to the US dollar example. This means that when the government is in need, the government can always print more money, and in the same way the French government and other governments are also doing it. This Fiat money is essentially a special piece of paper with an assigned value.
Its expenditure and its inflation and the money and savings of the citizens have been devalued. It’s many other fiat currencies worth a decade ago. At the end, it is not surprising that the Euro, and the dollar. These governments print more money to control inflation. However, the French government is printing more money to cover.
## Bitcoin for rescue (cryptocurrencies)
They can be tampered with in different ways. Interestingly, the price of bitcoin is determined by natural market forces for a variety of reasons. This was the default currency before Fiat money. The price of gold was completely determined by natural market forces, unlike Fiat currencies. This means that the price of crypto cannot be tampered with bitcoin as it is in case of Fiat currencies.
It is for those beginner, only 21 million BTC coins will be present because this is where the cap was kept by its inventors. The second thing is that bitcoin is a decentralized, peer-peer currency. This means that, unlike the Fiat currencies that are controlled and issued by the government, it is not controlled by anyone. At the end, bitcoin is not at risk of losing its value or purchasing power, and its value is expected to move upwards for the near future.
## Get Bitcoin!
This shows how many disgruntled people are with their Fiat currencies, it also shows that people are feeling. It is interesting; some yellow protesters have shown with prostitutes inherent: "Buy Bitcoin". In this way France can become the next hotbed for Bitcoin and cryptocurrencies in general. At the end, thousands of tobacco stores across France are hoping to sell Bitcoin in 2019. This bitcoin was invented as a better alternative to currencies.
## Conclusion
They are also an awakened call to protect themselves from the monetary efficiency of their government using bitcoin and other reputable cryptocurrencies for individuals. These yellow protests in Paris are the perfect example of everything wrong with Fiat currencies.
0.000 SRY