Money is only good if people believe it has value. Cryptocurrencies have no inherent value. They take value out of the system (the energy required to mine them) but they have no value of themselves. You can't use a Bitcoin to make something else e.g. Having said that, they are fantastic for portability, verification of whatever value it has, etc.
I think after the Great Awakening we will use an unlimited cryptocurrency (like doge) that is backed by precious metals. Say each silvercoin is directly tied to 1oz of silver. You can, if you choose, go to an exchange bank and buy 1oz silver for 1 silvercoin or vise versa at any time. This creates a stable, unhackable, infinitely portable currency with intrinsic value.
Money is only good if people believe it has value. Cryptocurrencies have no inherent value. They take value out of the system (the energy required to mine them) but they have no value of themselves. You can't use a Bitcoin to make something else e.g. Having said that, they are fantastic for portability, verification of whatever value it has, etc.
I think after the Great Awakening we will use an unlimited cryptocurrency (like doge) that is backed by precious metals. Say each silvercoin is directly tied to 1oz of silver. You can, if you choose, go to an exchange bank and buy 1oz silver for 1 silvercoin or vise versa at any time. This creates a stable, unhackable, infinitely portable currency with intrinsic value.
Money is only good if people believe it has value. Cryptocurrencies have no inherent value. They take value out of the system (the energy required to mine them) but they have no value of themselves. You can't use a Bitcoin to make something else e.g. Having said that, they are fantastic for portability, verification of whatever value it has, etc. I think after the Great Awakening we will use an unlimited cryptocurrency (like doge) that is backed by precious metals. Say each silvercoin is directly tied to 1oz of silver. You can, if you choose, go to an exchange bank and buy 1oz silver for 1 silvercoin or vise versa at any time. This creates a stable, unhackable, infinitely portable currency with intrinsic value.
Money if only good is people believe it has value. Cryptocurrencies have no inherent value. They take value out of the system (the energy required to mine them) but they have no value of themselves. You can't use a Bitcoin to make something else e.g. Having said that, they are fantastic for portability, verification of whatever value it has, etc.
I think after the Great Awakening we will use an unlimited cryptocurrency (like doge) that is backed by precious metals. Say each silvercoin is directly tied to 1oz of silver. You can, if you choose, go to an exchange bank and buy 1oz silver for 1 silvercoin or vise versa at any time. This creates a stable, unhackable, infinitely portable currency with intrinsic value.
Money is only good is people believe it has value. Cryptocurrencies have no inherent value. They take value out of the system (the energy required to mine them) but they have no value of themselves. You can't use a Bitcoin to make something else e.g. Having said that, they are fantastic for portability, verification of whatever value it has, etc.
I think after the Great Awakening we will use an unlimited cryptocurrency (like doge) that is backed by precious metals. Say each silvercoin is directly tied to 1oz of silver. You can, if you choose, go to an exchange bank and buy 1oz silver for 1 silvercoin or vise versa at any time. This creates a stable, unhackable, infinitely portable currency with intrinsic value.