Free Republic
Browse · Search
General/Chat
Topics · Post Article

To: aMorePerfectUnion
Fiat currencies have one enormous advantage over any of the current cryptocurrencies ... the force of law backed by violence (police and/or military).

Thus Bitcoin, Ethereum, etc will always remain a curiosity since money IS a social contract.

P.S. Buried in the technical details of the Bitcoin white paper are some very concerning qualifications about trust and mining in which a malfeasant actor could tamper with the blockchain at will if they controlled a majority of mining nodes.

Good thing there aren't any secret organizations with unlimited resources around who could do this ....

32 posted on 05/20/2021 10:06:08 AM PDT by SecondAmendment (This just proves my latest theory ... LEFTISTS RUIN EVERYTHING !)
[ Post Reply | Private Reply | To 1 | View Replies ]


To: SecondAmendment

All pretty true - but for holding us dollars you have a guaranteed loss because malfeasant government approved actors are systematically destroying it as a policy.

Don’t oppose the policy of destruction though. It is backed by the force of law and violence (police and/or military).

To me, it isn’t crypto or dollars or gold or stocks, or real estate.

We own them all.

And in more than one legal jurisdiction.

And as the US dollar is destroyed, we have added significant positions in crypto, gold, and silver.


33 posted on 05/20/2021 10:48:09 AM PDT by aMorePerfectUnion (“Old wood best to burn, old wine to drink, old friends to trust, and old authors to read.” )
[ Post Reply | Private Reply | To 32 | View Replies ]

Free Republic
Browse · Search
General/Chat
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson