Well stated. You're explaining some of the reasons I'm suspicious of crypto. All that anyone has to do is kill the electricity somewhere and you have no access to your wealth. Deal-killer. We live in a physical world, our liquid wealth must be physical and tangible.
There's also the question of why we've gone --what, 20 years?-- with crypto and it's still not consistently tradeable into physical assets. Billions in digital coins traded on digital platforms, and they have no more of a use than baseball cards.
I have faith in BRICS. Their gold backed currency will be a stablecoin that ends central bank funny money and fiat manipulation. Plus, Trump's BFF Muhammed bin Salman will be a huge influence in that system. I'm excited.
All that anyone has to do is kill the electricity somewhere and you have no access to your wealth. Deal-killer. We live in a physical world, our liquid wealth must be physical and tangible.
A very small fraction of dollars have any sort of physical existence.
There's also the question of why we've gone --what, 20 years?-- with crypto and it's still not consistently tradeable into physical assets.
15 years and It's trivially easy to convert crypto into any physical asset. Or stocks, bonds etc.
I have faith in BRICS. Their gold backed currency will be a stablecoin that ends central bank funny money and fiat manipulation.
It's a good point you make. I recognize BRICS as an answer to ending the fractional reserve systems Ponzi Scheme. All Ponzi schemes accelerate out of control. This is what we are now witnessing with the FRBS. BRICS is there to prevent the Cabal's attempt to create a digital Ponzi Scheme.
As long as currency is not redeemable in gold, there will be problems. The Golden Rule: Whoever has the gold makes the Rules. If the individual doesn't physically possess gold and silver, problems of theft will soon after occur. Governments are good at doing this. BRICS may give us a set of new problems, but at least it is better than FRBS.
Well stated. You're explaining some of the reasons I'm suspicious of crypto. All that anyone has to do is kill the electricity somewhere and you have no access to your wealth. Deal-killer. We live in a physical world, our liquid wealth must be physical and tangible.
There's also the question of why we've gone --what, 20 years?-- with crypto and it's still not consistently tradeable into physical assets. Billions in digital coins traded on digital platforms, and they have no more of a use than baseball cards.
I have faith in BRICS. Their gold backed currency will be a stablecoin that ends central bank funny money and fiat manipulation. Plus, Trump's BFF Muhammed bin Salman will be a huge influence in that system. I'm excited.
A very small fraction of dollars have any sort of physical existence.
15 years and It's trivially easy to convert crypto into any physical asset. Or stocks, bonds etc.
Stablecoins are cryptos
It's a good point you make. I recognize BRICS as an answer to ending the fractional reserve systems Ponzi Scheme. All Ponzi schemes accelerate out of control. This is what we are now witnessing with the FRBS. BRICS is there to prevent the Cabal's attempt to create a digital Ponzi Scheme.
As long as currency is not redeemable in gold, there will be problems. The Golden Rule: Whoever has the gold makes the Rules. If the individual doesn't physically possess gold and silver, problems of theft will soon after occur. Governments are good at doing this. BRICS may give us a set of new problems, but at least it is better than FRBS.