The invention of the wheel was probably the greatest technological step forward for mankind. That didn't mean that wheels were all of a sudden accepted as money. Blockchain is a great technology, however the value of "coins" based on that technology is close to zero.
Haha “financial experts.” For heaven sake’s, they’re talking about their direct competition! Sure, anyone can create their own virtual coin – and anyone can build their own railroad with a different width, so what? Look up “the network effect.”https://twitter.com/eagleman725/status/1149495982737858560 …
I personally know Wall St. financial experts and they have told me point blank that crypto-currencies are virtual/air. Anyone can create their own Coin tomorrow if they wanted...
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The same experts seem to ignore that traditional currency is based on gold that nobody knows if it actually exists.
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At least cryptocoins are not controlled by a reduced elite that prevents everyone from confirming what the exact reserves are right now.
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Bitcoin was taken out of btc
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Yes they can but adoption is another matter.
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Anyone can make anything, but can they get anyone to use it or buy it? If not it's just a worthless idea floating in the air.
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If you think mines full of heavy equipment digging up shiny rocks are assets backing up the value of a currency, keep "investing."
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Wealth emanates from human effort, whether that's digging up rocks or running complex calculations on a computer. There is literally nothing about gold that cannot be applied to bitcoin, and the Federal Reserve chairman agrees.https://twitter.com/anildelphi/status/1149406987932880896 …
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Yes, he said that both bitcoin and gold are speculative. Try to keep up.
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Raise your hand, all in favor of having Comcast be your access point to your money instead of Goldman Sachs?
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YES during gold standard, we use fiat paper currency for convince. Money requires foot hold reality that being gold silver. Paper $, debit, credit cards, have their tech advantages & perhaps by it's own tech bring benefits humanity, but all these fiats need anchor reality Au Ag.
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They took the governments wealth off a standard, and now expect non-government entities to have one.
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When Molyneux coin?
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