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?
The biggest selling points of crypto was anonymity and decentralized. It is neither of those things.
Exchanges loose billions, who pays that price. When the elites that own the vast majority of crypto sell off billions worth devaluing your money, who pays that price?
Crypto has all of the same problems as cash with boat loads of added complexity and the tiny problem that it doesnt exist when theres no power. There are no benefits.
We should all fear a digital currency. Imagine for a minute a social credit score and digital currency where they 100% own you. They can shut it off or limit your ability to survive with a key stroke.
I do like that quote, im going to have to remember that one. Do you know the author?
The only thing we need to fix with our currency is changing out the petrodollar for a gold back cash system. Physical assets that we can all own and hold on to that has real inherent value.