Thanks Ernie for sharing your perspective on the markets and cryptocurrencies. You are new to me and I'm glad that Greg introduced you to the steemit community.
I'm glad that you point out that Bitcoin is speculative. The blockchain technology itself is powerful.
Let's remember at the beginning of the United States. There were times when currency was created by numerous banks, States and even cities had their own currency.
So if it's easy to create a new cryptocurrency today, we just need to look at history at what happened to the currencies created by the Banks, States and Cities.
- by @goldkey
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