cryptocurrency is valueless
Posted by Popcorn on 2025-June-29 13:14:37, SundayIn reply to Golden parachutes? posted by Errant on 2025-June-29 07:34:36, Sunday
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cryptocurrency = a computer solves a mathematical equation, the answer is turned into a bar-code as proof the equation was performed, and this becomes money? A bar code ? We humans still live on a planet, we are biological beings of this Earth. Crypto can be lost in cyberspace, stolen, virused from being found, used... it requires sophistication to transact in ( as in a Geek), it requires a computer or electronic means to use, and of course electricity and a connected grid... Silver may be a better solution, especially if it was tokenized into a crypto, now the crypto means something... you're selling, or trading a precious metal that leaves your possession for a good/service. It seems to me vaulting will become the new kind of banking, turning in your phisical silver at a BRINKS depot, in turn for a silver backed crypto. ---Vaulting services/banking-- That's where it's going. Enough of these paper confetti dollars, one gram silver the new unit of account. Gold, that would be for the very elite of the world... Same principal. cryptocurrency to me is an empty vessel, their needs to be some physicality to it. Something of this tangible Planet. IMHO.. Who knows where this goes? Silver should be somewhere around $500 an once with the way the fiat dollar is being produced, and gold 70x that... $35,000 an once. Unit of account in Gold should be in "grains"... Something like 25 grains in a gram. Where is money going? Good talk. Equally important is vision, goals, & collective purpose for the masses? We can't have drama, hysterics, and moralist inventors inventing jobs... What's value anymore? in human resources? Judging each others "morality" is demented as then the prosecution becomes the industry? |
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