Crypt0's News: August 3rd, 2017 - The Fall Of The Dollar Empire / Coinbase Troubles / Russia - Ethereum Based MasterChain + "Gas"

Hi Omar, I always listen to your videos on my bike to work! I had to take another mobile data plan because of it 😋 but it's worth all the money! I love to see your channel growing, as you are a good guy who is sharing his thoughts and knowledge with us! Keep up the good work! I do like your style a lot!

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2 votes

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budz82 (54) 7 years ago (edited)

The cracks in the global financial system is likely to start later this year in various different regions, but the system is likely to start to really breakdown throughout all of 2018 (in ways that can no longer be ignored). Everyone should remember there really is a countdown...

1988 Economist Magazine

"THIRTY years from now (Q3 2018), Americans, Japanese, Europeans, and people in many other rich countries, and some relatively poor ones will probably be paying for their shopping with the same currency. Prices will be quoted not in dollars, yen or D-marks but in, let's say, the phoenix. Te phoenix will be favoured by companies and shoppers because it will be more convenient than today's national currencies, which by then will seem a quaint cause of much disruption to economic life in the last twentieth century."
Full article here: http://altcoopsys.org/wp-content/uploads/2017/01/ArticleEconomist1988GetReadyforthePhoenix_001.pdf

Basically "The Phoenix "= Gold/Commodity backed and limited supply international cryptocurrency to be used for trade by governments around the world as a replacement for the dying petrodollar reserve currency system that exists today.

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2 votes

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phranky (46) 7 years ago

The fiat currency as we know it will soon be a thing of the past, with the way cryptocurrency is moving speedily, luke the four horsemen of the apocalypse. Lol

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2 votes

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janashby (49) 7 years ago

Ha. I liked your metaphor, man. It made me chuckle a bit.

Thanks. I do agree, btw

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admyrer (48) 7 years ago

I find the Russian angle interesting . BRICS members do seem to warm up more to Etherium then BTC . I'm always watching the approaches of the 2 banks .

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1 vote

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alexanarcho (58) 7 years ago

I really appreciate you talking about political and libertarian issues. I hope, too, that $crypto will liberate the market again and reign in a new age of anarcho-capitalism. Life will get much better, very fast

Rock on, Omar

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1 vote

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benzomatic (38) 7 years ago

is coinbase really even in the US? i show payments go to the UK

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blackamine (52) 7 years ago

Coinbase is headquartered in San Francisco

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1 vote

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sustainarchist (42) 7 years ago

Spicy headlines!

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derz (37) 7 years ago

Whenever a country decides to make their "own version" of an open platform it scares me.
"According to the whitepaper, Masterchain may also let Russia’s banks search through each other’s database of blacklisted clients to reduce fraud risks and expenses." https://www.information-management.com/news/russias-banks-prepare-to-hit-the-gas-on-digital-currency-use

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isaac.rodebush (54) 7 years ago

@crypt0 Bro, I want to come to the metals conference in LA but need more information regarding time and location... All they guys I have got into crypto would like to go. Hope to hear from you to be able to show support!!!

Best,
Isaac

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joshmorris56 (30) 7 years ago

Loved your opening thoughts !

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shiv123 (46) 7 years ago

You are amazing as always.I feel thankful to have someone like you in cryptocurrency space....every video i learn something new not just crypto but beyond crypto

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agentsofmars (44) 7 years ago

For new post! Dude, you are a beast! So awesome. Upvotes coming your way from space

~AoM RMars