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ESOTERICshade ago

Can't say if the cryptos will participate or survive.

I can tell you right now if they do its not in our best interest. Not at all. The bankers dream of a cashless digital currency. They would like to take cash out of our hands. If they succeed you ain't seen fascism yet like you will then. ALL your purchases with be subject to nanny state control. If you don't like it? tough they will cut your money card off or just deny transactions of certain types.

Do not be fooled by a digital currency that we cannot get away from. India has already started attempting to implement this with terrible consequences. They stopped producing larger bills and the people were left with only small bills to keep them from making purchases that cannot be tracked. I have not checked on that situation lately to see how its going but we don't want any of that.

pby1000 ago

An economy based ONLY on cryptos would be extremely, extremely unwise. Perhaps we need some sort of combination of available currencies. At least one currency has to be paper money, but it needs to be tied to something tangible, such as the value of labor.

merica_fk_yeah ago

I agree with you 1000% on this one for sure... it is the beast. we are building the beast with Crypto currency. its one giant brain... i believe that is what is happening

3141592653 ago

Mother Brain

merica_fk_yeah ago

lol like that the "mother of all brains" yikes its a woman

3141592653 ago

Its old school, from metroid

Vindicator ago

I agree it is dangerous. However, no matter what currency is used, it is not essential to the ability to create wealth. People will continue to create wealth by creating goods and services others value, and will find a way to pay for. It's simply most convenient to store that wealth in currency. Today, though, most wealth is NOT in currency; it's notations on a credit card or bank statement.

TimeOutofJoint ago

Most real wealth is held in securities and real estate.

Lovethelight ago

I give up on the corporate news....both CNN and FOX and all the biggies....moon of alabama and the commentors for world geopolitical news is my goto site these days....

ESOTERICshade ago

moon of alabama

I like the moon too

TimeOutofJoint ago

I think he means the Doors song?? But I like the moon too.