What is the use of the "air based currency" - or should I better said - "greed based currency" , that is purely based on trust ? And as long as there is not enough trust , it will be kept very volatile , and vice versa , as long as it is volatile , people wont trust it ... do you see the paradox every single crypto-hoarder has gotten into ?
The value could never go to zero , but who actually cares about that ? Volatility is the main obstruction - high volatility = no trust . It will only go lower a bit or oscilate around . Those who made massive "dough" on it already cashed out ...
Thirdly ... to return back to 100 % virtualization . We should go the opposite way into more tangible assets ( gold standard ) rather than more virtualization of what is already heavily virtualized ( 90-95 % ) fiat currency .
[–] 16091151? 0 points 1 point 1 point (+1|-0) ago
What is the use of the "air based currency" - or should I better said - "greed based currency" , that is purely based on trust ? And as long as there is not enough trust , it will be kept very volatile , and vice versa , as long as it is volatile , people wont trust it ... do you see the paradox every single crypto-hoarder has gotten into ?
The value could never go to zero , but who actually cares about that ? Volatility is the main obstruction - high volatility = no trust . It will only go lower a bit or oscilate around . Those who made massive "dough" on it already cashed out ...
Secondly - there is a definite proof cryptos could have been created by certain intelligence agencies : https://groups.csail.mit.edu/mac/classes/6.805/articles/money/nsamint/nsamint.htm ( and its from 1996. )
Thirdly ... to return back to 100 % virtualization . We should go the opposite way into more tangible assets ( gold standard ) rather than more virtualization of what is already heavily virtualized ( 90-95 % ) fiat currency .