Somebody make it make sense to an old toad that just wants sound money backed by hard assets - not currency you can print out of thin air...or numbers you can change on a screen.
They've robbed so much from all of us and our families...
The problem with cash is the Fed continues to devalue it. I'm sure you know that. Crypto has been called the Boogetieman for years by the same people who told us the vax was safe and effective. Noodle on that one for a minute. With the most prominent cryptos out there, there is a finite number of tokens and it's impossible to create more. Plus, the Joe Bidens of the world can't use crypto as a weapon, like he did the US dollar against Russia.
Different point - wiring money. Currently, it costs $25 - $50 to send someone $1000, depending on where they live and it can take 3 - 5 days. When crypto takes over that function, it will cost pennies and happen instantly. Don't send people money? Okay, well, when you use your credit card at a store, the banks charge the merchant a 3% charge and stores hate it. With crypto, it will be instant and fractions of a cent. I don't think stores will discount their prices by 3% but it will help business.
The problem with cash is... it's currency tyey can and did print WAY too much of it in the past few years now it's worth so much less ...
Cash MONEY is a different story. Exchange it for PM anywhere and vice versa... just like it was in say 1900 when Americans were allegedly rich.
Visa and MasterCard aren't going to take skirting around CC fees laying down. They make WAY too much every day doing their pimp fee and they'll be damned if a couple of crypto geeks are going to outmaneuver them.
You see the established pimps with clarity when you get old...
Important point: you cannot print more Bitcoin. The 21 million limit is baked into the code and can’t be changed.
You can of course create new shitcoins but those are worthless and only suckers invest in those. Invest in Bitcoin not the endless parade of alt coins, most of which have no purpose.
Bitcoin’s purpose is to be digital gold. There is no conflict between gold and Bitcoin. BTC is just gold that you can instantly send a tiny fraction of across the world. Both protect you against inflation. Different tools, with different attributes, but the same goal.
Somebody make it make sense to an old toad that just wants sound money backed by hard assets - not currency you can print out of thin air...or numbers you can change on a screen.
They've robbed so much from all of us and our families...
The problem with cash is the Fed continues to devalue it. I'm sure you know that. Crypto has been called the Boogetieman for years by the same people who told us the vax was safe and effective. Noodle on that one for a minute. With the most prominent cryptos out there, there is a finite number of tokens and it's impossible to create more. Plus, the Joe Bidens of the world can't use crypto as a weapon, like he did the US dollar against Russia.
Different point - wiring money. Currently, it costs $25 - $50 to send someone $1000, depending on where they live and it can take 3 - 5 days. When crypto takes over that function, it will cost pennies and happen instantly. Don't send people money? Okay, well, when you use your credit card at a store, the banks charge the merchant a 3% charge and stores hate it. With crypto, it will be instant and fractions of a cent. I don't think stores will discount their prices by 3% but it will help business.
Hope this helps.
The problem with cash is... it's currency tyey can and did print WAY too much of it in the past few years now it's worth so much less ...
Cash MONEY is a different story. Exchange it for PM anywhere and vice versa... just like it was in say 1900 when Americans were allegedly rich.
Visa and MasterCard aren't going to take skirting around CC fees laying down. They make WAY too much every day doing their pimp fee and they'll be damned if a couple of crypto geeks are going to outmaneuver them.
You see the established pimps with clarity when you get old...
You are right about MasterCard and Visa...they are in on the new changes coming.
Important point: you cannot print more Bitcoin. The 21 million limit is baked into the code and can’t be changed.
You can of course create new shitcoins but those are worthless and only suckers invest in those. Invest in Bitcoin not the endless parade of alt coins, most of which have no purpose.
Bitcoin’s purpose is to be digital gold. There is no conflict between gold and Bitcoin. BTC is just gold that you can instantly send a tiny fraction of across the world. Both protect you against inflation. Different tools, with different attributes, but the same goal.