To: SeekAndFind
The beginning of breaking the Federal Reserve by giving people another system of currency (albeit just as un-backed as any other, save petrodollars).
2 posted on
02/11/2021 9:42:33 AM PST by
John S Mosby
(Sic Semper Tyrannis)
To: John S Mosby
...or replacing hard currency with digital currency that is far easier to control & limit by the elites.
4 posted on
02/11/2021 9:47:28 AM PST by
newfreep
(“Leftism, under all of its brand names, is a severe, violent & evil mental disorder.”)
To: John S Mosby
...albeit just as un-backed as any other...
This is what confuses me. At least “fiat” currency is backed by nations (with guns) that want to ensure their currency is somewhat stable.
I wonder if what we are seeing is big players going “all in” to keep the value of bitcoin high. And when even they run out of steam, what then?
5 posted on
02/11/2021 9:47:59 AM PST by
cuban leaf
(We killed our economy and damaged our culture. In 2021 we will pine for the salad days of 2020.)
To: John S Mosby
Well unlike the Fed the number of Bitcoin is limited.
The Chinese are working on a Gold backed yuan which could be the new reserve currency.
6 posted on
02/11/2021 9:48:14 AM PST by
Kozak
(The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants.)
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