I watched Steve Molyneux podcast so yea have some idea. I love the concept but blockchain isn’t as isn’t as you may think. It’s part of World Economic Forum’s agenda. In China that got that system down to a tee already.
At it's core currency represents work. There has to be meaningful work behind the currency to give it value.
Is it backed by gold, where someone extracted that valuable resource and it is in a prepared state?
Is it backed by the dollar which is supposed to represent the labor of the people and the value that represents.
The biggest red flag about crypto is that it is a market system built for money changers to profit off of almost anonymously. At least the stock market is owning part of a physical, operating business.
Crypto is backed by the same thing that backs the fiat currency, unicorn farts and rainbow stew.
I watched Steve Molyneux podcast so yea have some idea. I love the concept but blockchain isn’t as isn’t as you may think. It’s part of World Economic Forum’s agenda. In China that got that system down to a tee already.
Yep, the would be tyrants love any currency they can make disappear with the push of a button.
Spin up their own currency... Holy shit.
At it's core currency represents work. There has to be meaningful work behind the currency to give it value.
Is it backed by gold, where someone extracted that valuable resource and it is in a prepared state?
Is it backed by the dollar which is supposed to represent the labor of the people and the value that represents.
The biggest red flag about crypto is that it is a market system built for money changers to profit off of almost anonymously. At least the stock market is owning part of a physical, operating business.