Bank of International Settlements (BIS - The Central Bank for all Central Banks) deploys AI slight of hand on global bank transfers. What? Is BIS going to interrupt global bankings cash cow, money laundering? Highly doubtful. Folks, this AI is for you and all the private transfers BIS does not like.
(www.zerohedge.com)
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Buy Cardano, Bitcoin, Gold, Silver, Bullets, Resources, etc. Outside the banking system. When getting into crypto do a lot of research to understand how it works. What is Proof of Work, Proof of Stake, Smart Contracts, what makes a crypto decentralized, which crypto has a deflationary supply, etc. Crypto is where it ultimately will be at but the public will have to jump through a lot of hoops learning the differences in the mean time.
Imo Idk what XRP will be useful for, they've been working on smart contracts so long that they gave Vitalik Buterin the idea for Ethereum when he interned at Ripple in Summer 2014. I haven't seen any project launch on XRP and I dont see how I could become a payment processor myself. XRP is making its own.CBDC platform, its in bed with major banks, the individual doesnt have power to write proposals and vote on updates, and it doesn't seem like something I would ever want to touch.
It's ok to have some xrp. Never put all your eggs in one basket. I have some of all of the above. Helps me feel more secure.
I agree with that, diversifying is good right now you don't know where things are headed.
My timeline prediction is
Stock market (and crypto) crashes
-> gold/silver immediately spikes up
-> CBDC added a few weeks/months later
-> Crypto spikes up
As the world wrestles with who becomes the next reserve currency, people will just start using crypto.
Yes locally gold/silver is good for purchases but if your grocery store has to buy internationally, they have to trust a 3rd party to hold their gold/silver and keep it secure. The 3rd party essentially becomes a bank and you have to trust they won't fudge the numbers. And over time we cycle back again into a fiat hellhole as "3rd parties" grow in power.
Cryptocurrency breaks that cycle, with it I can make purchases internationally, I don't need a bank, I don't need to trust someone to handle my finances. People will ultimately gravitate to that as they start to understand how crypto works.
I agree. Crypto is needed for transacting. I use it to buy my ivermectin. It's easy, secure and private.
But as crypto becomes more widely adopted it doesn't mean that gold/silver will lose value.
I've always felt we'll have a variety of currencies and businesses can decide what they'll accept. And I'm pretty sure that if people want to pay with cryptos, they will find a way to accept it.
Oh gold and silver will definitely not lose value, I just think keeping your wealth and increasing your rate of return is much greater with crypto.
I also think it isn't feasible to have a gold/silver backed economy without 3rd party banks. They will have to be trusted to give factual information and not conduct shenanigans (which doesnt happen).
Gold and silver will still be there and be valuable but the backbone of commerce will be on cryptocurrencies. This is how we can take back control, root out some of the inherent corruption in the system permanently, and still increase the standard of living for human beings worldwide.