Forgot about the cryptocurrency.
My gut says no to crypto, but again, not an expert, so curious what others know or think.
If I can't hold it in my hand, or be able to put it in someone else's hand, it's worth less than spit.
Just last week, a fellow died and with him, his password. Granted One hundred ninety MILLION dollars of gold or silver would be unwieldy.
Don't put your eggs in one basket.
Last week at the local coin dealer, gold was running about $50 a gram. Better if you can buy it in ounces, but grams will suffice if that's what's left after every couple paychecks. At least it's something.
Silver is much easier for me. A couple Andy Jacksons and I have another couple ounces.
"Don't store up your treasure on Earth where moth and rust do corrupt. Store up your treasures in Heaven."
A little bit of silver and gold should be all right. Along with some copper, lead and brass. Otherwise, put your trust in God. That's my approach anyway.
To: TEXOKIE
Forgot about the cryptocurrency.
My gut says no to crypto, but again, not an expert, so curious what others know or think.
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I know what you mean. I did an exploration of this several days ago.
DJT, candidate, and Eric Trump tweeted something and there was a link to “@Q” - turns out that link is to a web site on which there is a conversation taking place about crypto currency and the issues about it which need to be resolved before such a currency should be put into place.
I found it quite interesting, and can see that whether we old geezers like it or not, because of the ubiquity of the internet, there WILL be a crypto currency in the future. My opinion is that POTUS and Eric were suggesting subtly that their supporters should consider looking at those issues and also consider participating in the discussion. At the very least, perhaps, to just be familiar with the various issues surrounding it.
On X22, I think he has made the point that the crypto currency we should go to is not one controlled by the Banksters, or any other elite, but that if applied and structured correctly, a crypto currency would be one of the most secure kinds of instruments for doing business that could be possible. But the ones which have been designed by the Derps - well of course, that would not be so good.
I have not studied the issue closely myself, so I agree that I would like to hear from other FReeQs.
The post I made was on this thread:
https://www.freerepublic.com/focus/f-chat/3725954/posts
Post 165
Following that was a bit of a discussion, as I recall.
My gut says no to crypto, but again, not an expert, so curious what others know or think.
Any currency needs a sense of scarcity. Rare metal standards achieve that. Even the current Reserve standard has a “sense” of scarcity, even though there is fluidity in supply.
Cryptocurrency is standardized by the amount of electrons that can be dedicated to establishing it. There is hardly a scarcity of electrons on the internet.