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RE: Can Gold & Silver Be Put On The Blockchain?

in #gold7 years ago (edited)

I've been thinking about this a lot recently and it seems to me that after The Great Reset, a lot of small countries and even businesses might decide to create their own crypto-currencies fully backed by gold to facilitate trade and restore trust. The currency can expand and contract as the gold deposited increases or decreases.

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Anything that isn't backed by debt and isn't controlled by banks would be good. We didn't have our current system for the majority of human history. We can get rid of it and get back to sound money again too. I just don't think they will allow it to happen peacefully. The control of credit has made them filthy rich after all. The great reset as you wrote is their answer perhaps. They will crash the system when they have a new system to replace it in other words. We need to do our best to prevent that from happening.

I think they will manage to cobble together a replacement system, but it won't be the Skynet version that they want - there are far too many forces going in the direction of decentralization and diffusion of control. We are in for a strange new world, and there will be plenty of things worse than they are now and plenty more better. A sort of amplification of both sides of the spectrum.