I am of firm belief that the ONLY money that should be in circulation (at least in America) is what is legally permitted per the Constitution which is gold and silver. While it hasn't happened yet, I think that it is quite possible that some of the cryptocurrencies out there could become centralized. And given that it is a digital currency it could mean losing access to your funds.
What are your thoughts?
http://www.trustnodes.com/2017/07/21/bitcoin-become-centralized
I'm okay with fiat. It has allowed growth. But things have gotten out of hand. The bubbles we have created are not sustainable.
Fiat is the very reason we are where we are. The only sound money is gold and silver because its a store of value. The entire purpose for currency was so that one didnt have to carry all their gold around....
I agree. Fiat has an upside. But we are seeing the tremendous downside.
I believe if we go back to the system that the Founders put in place we can begin to rebuild. There is an absolute reason Roosevelt confiscated our gold and and Nixon took us off the gold standard. The Federal Reserve Note is nothing but valueless paper...But todays generations have no idea what real, sound money is and unless you have $1250 to burn, buying gold isn't really an option. I highly recommend silver...its affordable and is projected to hit anywhere between $600-$1000 an ounce once the fiat system crashes
I do silver. And micro gold. Grams. Anything bigger isn't practical.
lol your LOVELY co-host!! (i'm still waiting for mine to show up!) Fiat has been used and abused into a giant corrupted Ponzi pyramid scheme. It's dead. Cash is trash. Cryptos are the only way forward out of the mess that the central banks and government goons have created out of fiat.
https://steemit.com/cryptocurrency/@cryptosphere/cryptos-the-most-undervalued-asset-class-usd87billion-vs-usd477billion-for-facebook-usd803billion-for-apple-o
Yes, it has been turned into the biggest debt bubble in OUR history...And all bubbles pop....People holding on to FRN's will watch whatever wealth they felt they had turn to zero.
And don't get me wrong I like the idea of cryptos, but ALL currencies need to be backed by physical wealth. And given that you are never able to actually physically hold your BTC then you run a very high risk of that currency falling into a centralized program that is controlled by lets say - the IMF, or even the UN....And this has been the centuries long goal, to create a centralized, one world government....If they accomplish that you will never have access to your btc again..or any money for that matter..
I'm a silver stacker but now just 2 days ago I am now a btc holder with 20+ coins with Ezbtc.ca But the other silver stackers I know are disappointed & said that I should of stayed just with the silver.
Silver is a safe bet considering most can't afford gold. Its said that we could see $10,000 gold too, which makes my gut sink...lol...But I like silver because its value goes far beyond money. Its used to build with and from what I understand, the ratio of gold/silver in circulation/left to be mined tilts heavily in silvers favor..So its value could go well beyond the $1000 point if supplies peak and then start to decline..
You know us humans...we will bleed this planet dry d...