You are viewing a single comment's thread from:

RE: Prepare For THE TIPPING POINT - Jeff Berwick On The WAR OF IDEAS

in #dtube6 years ago

Cryptocurrency has a myriad of problems won't let it become as widespread as our national currencies... One is that it relies on machines that could, at any time, be unavailable. The energy costs are insane in comparison to using paper as a medium for exchange, and using anything but machines makes defeats the security and the base mechanisms that are the backbone of its authenticity. Another issue is that the most basic of us don't fully understand it, far less than even with institutional banks and the economies derived around them. For many, all they're concerned with is whether or not they're able to "pay" for things when needed.