Right now, we exchange USD for crypto. What if the currency collapses? How would you buy? Can’t spend USDs… so what do you do? Gotta eat!
The only way it could work (a transition) is to allocate bitcoin to everyone… if you have it and we don’t! We need something to trade with … to exchange. Hey I’m not giving up my land or house for it! So what funds this transit? A fair estimate of global assets held by and controlled by… all the folks that met in Davos last week! Safe estimate that’s about 3-4 hundred trillion!!
They think they alone run the world (their own proclamation). No problem, Yea, we get that. But sorry, we’re taking it back to fund a much better model. We’ve now seen yours and it sucks. Seriously sucks!
Trump put the legal framework in place to seize it all before he left. So no worries about survival… there really is plenty for all to build a much better place than what these deranged folks ARE doing.
Precipice? Views aren’t bad at all. The criminal mind isn’t the architect nor the artist of the view on the other side. Excited yet?
When i purchase products from the store with cash i have no fees at all. Are you confused?
Or get this, through my bank app i can transfer money to anyone with zero fees.
Or get this, there are at least a dozen major banks with 0 fee wire transfers.
You system is the only one that charges a fee. And the people holding the billions of dollars in equipment receive ALL of those fees. The rich leeching money from the poor by charging them a small fee for every single transaction. How is that not a ponzi scheme again? And how is that any better than cash? My cash purchases arent making the wealthy wealthier.
paper crypto = oxymoron
Paper wallets, digital wallets, exchanges, etc can all be had. There is no benefit to crypto, at all, and it comes at an absolutely massive electric cost thats negatively effecting the entire planet.
USD is pegged to the sale of oil in USD, the petrodollar.