langolier said:
Pony, I am with you on Crypto, own some myself, and agree with taking some power for ourselves; however, I did not study economics and not knowledgeable enough in this area, so I have to ask a question, that maybe you can assist on:
Q: If there is not some entity like our Government to control certain aspects of money and manage our economy, then would things not go back to days of old? Meaning those with the most coins/crypto would become kings and queens again?
Maybe I am wrong, due to the many diff coins out there, but it seems as the players with the most Bitcoin and Ethereum (at the moment) would rule and have the power...perhaps that is what is going on now with the major Banks out there. They are the Kings and Queens, but at least there are members of a board vs one person (right or wrong?).
Thanks for feedback and thoughts from you and/or any others.
I am no expert but i didn't mean anarchy.Gov't will still be around and necessary. taxes will still be levied and paid gov't will issue their own digital currencies to work along side crypto currency.Bitcoin or something like it could be compared to gold of 100 or 200 years ago but better because of its fixed supply.I wish i was smart enough to have the answers and there are books written on this subject but there has to be a world reserve currency that can't be printed by the trillions out of thin air at the whim of 1 countries gov't.Banks are another story and they will be useless and essentially non existent if crypto succeeds Good riddance they have been ripping off people for way too long.