Not all crypto. But Ethereum and its ecosystem has some of the worst cases of hacks and scams.
Fiat Cash gives you the problems we see today.
Metals are good for local transactions but not for long distance. Also in case of internet/electronic. The problem is you have to trust 3rd parties to safely secure and transport metals without fudging the numbers. These 3rd parties eventually become banks and as their greed and hold grows over time they eventually advocate for a Central Bank and fiat currency, repeating the same loop.
Crypto and blockchain is the only new tech that could free us from this loop. Crypto doesn't run into the problems of Triffin's Dilemna or the Cantillon Effect because the currency is distributed internationally and not from any one point.
You want a crypto that has:
code that's open source
no history of hacks
is decentralized in every way
scalability
efficiency
ability to be rebuilt with ledger intact if internet/electronics go down (more copies of the ledger makes this better)
smart contracts
low fees
Nobody wants CBDC in any way unless they profit from the control.
Look into Cardano 😆 there's so many positives if you dive into the technical details and compare BTC, ETH, XRP, and Cardano
I am also becoming a Cardano developer so I am biased though. I've taken a lot of time to learn everything about it and how it's better in many ways. Others can't easily copy it because it's built completely differently from the ground up.
All crypto has backdoors. CBDC will be no different. I only want cash and metals
Not all crypto. But Ethereum and its ecosystem has some of the worst cases of hacks and scams.
Fiat Cash gives you the problems we see today.
Metals are good for local transactions but not for long distance. Also in case of internet/electronic. The problem is you have to trust 3rd parties to safely secure and transport metals without fudging the numbers. These 3rd parties eventually become banks and as their greed and hold grows over time they eventually advocate for a Central Bank and fiat currency, repeating the same loop.
Crypto and blockchain is the only new tech that could free us from this loop. Crypto doesn't run into the problems of Triffin's Dilemna or the Cantillon Effect because the currency is distributed internationally and not from any one point.
You want a crypto that has:
Nobody wants CBDC in any way unless they profit from the control.
Most of my holdings are ETH, then BTC, but it's XRP that I expect to mun.
JP Morgan was recently revealed to run a huge portion of the ETH infrastructure. ETH definitely has the favouritism of the SEC.
Look into Cardano 😆 there's so many positives if you dive into the technical details and compare BTC, ETH, XRP, and Cardano
I am also becoming a Cardano developer so I am biased though. I've taken a lot of time to learn everything about it and how it's better in many ways. Others can't easily copy it because it's built completely differently from the ground up.
Agree. I own about 400+ projects... I buy the teams, not the tech, and it's worked for me