They're shady. Crypto seems like a cult to me. They do have $24 billion in gold and have ties to Trump. Some type of token for transactional purposes does kind of make sense. I think we're in for crazy times regardless. We're facing a lot of unknowns. The dollar does not look good long term. It's all speculation at this point. All we can do is collect data points and try to position ourselves as best we can.
Agreed. I largely agree with Joe Lange's take, that we'll end up with a government-run but fully transparent asset-backed blockchain coin, probably with gold as the asset. Maybe we'll get a separate silver-backed coin in parallel. The transition will be interesting, hopefully not too chaotic.
I'm leery of tether. Wasn't tether guilty of selling Bitcoin on margin, and creating undisclosed counterparty risk?
They're shady. Crypto seems like a cult to me. They do have $24 billion in gold and have ties to Trump. Some type of token for transactional purposes does kind of make sense. I think we're in for crazy times regardless. We're facing a lot of unknowns. The dollar does not look good long term. It's all speculation at this point. All we can do is collect data points and try to position ourselves as best we can.
Agreed. I largely agree with Joe Lange's take, that we'll end up with a government-run but fully transparent asset-backed blockchain coin, probably with gold as the asset. Maybe we'll get a separate silver-backed coin in parallel. The transition will be interesting, hopefully not too chaotic.