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.
Not all crypto. But Ethereum and its ecosystem has some of the worst cases of hacks and scams.
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.
Not all of them. But Ethereum and its ecosystem has some of the worst cases of hacks and scams.
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
Not all of them. But Ethereum and its ecosystem has some of the worst cases of hacks and scams.
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
Not all of them. But Ethereum and its ecosystem has some of the worst cases of hacks and scams.
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.
Not all of them. But Ethereum and its ecosystem has some of the worst cases of hacks and scams.