Status #82202

You think crypto currencies is great think again , The [...]


British Columbia
via The Full Circle Project
You think crypto currencies is great think again , The word crypt means encase ,it is ancient Egyptian word Maybe Phillpots can elaborate .
14 minutes
https://youtu.be/1BfMFOd0-l0
Philip M
Fiat is backed by State coercion so crypto is a step in the right direction. Not appreciating it's potential for de-centralized economic activity would be a big setback.
Thursday 22 February 2018, 14:04:39
Phillpots
Missed this one but as always, always a great video from snordster sourced from good writers and put together seamlessly. This is the issue.

Quote

Here is the issue, though; true money requires intrinsic value. Cryptocurrencies have no intrinsic value. They are conjured from nothing by programmers, they are "mined" in a virtual mine created from nothing, and they have no unique aspects that make them rare or tangibly useful. They are an easily replicated digital product. Anyone can create a cryptocurrency. And for those that argue that "math gives crypto intrinsic value," I'm sorry to break it to them, but the math is free.

http://alt-market.com/articles…
Thursday 22 February 2018, 23:13:58
Phillpots
Hi Philip. Singapore Spring springs to mind. You could almost make a cocktail out that. Wonder what the main ingrediant would be without wasting too much of your time?

Welcome to the site - what other double entendre do you have to offer regarding this post? Just asking. As I often do.
Thursday 22 February 2018, 23:56:16
Philip M
Hi Philipots. Sorry you've lost me on the double entendre .... on the crypto I'm asking what intrinsic value does fiat have? If that is difficult to answer then the huge advantage with crypto from an agorist perspective is that it is not centrally controlled.
Friday 23 February 2018, 01:36:29
Phillpots
Thing is Philip my opinion says crypto will be controlled and will eventually come out in the open as controlled and like fiat money 'worthless' as well. Which will be a shame. That is what the banking cartel want and they will regulate it in their favour through government regulation which we all have to unfortunately follow
Friday 23 February 2018, 16:09:00
tony a
I agree with you Phil the entire crypto-currency is a way to prepare us for the absolute control that they will have over our wealth once we stupidly place that wealth in the Digital Eden that we are entering. I'm for the complete end of our perception of finance and believe that we need to rethink the entire system. Many will jump up and shout at the top of their lungs that there is no other logical way to distribute resources but that view is myopic and pre-programmed. While we are obedient to the financial system in any of its guises we the people will be slaves!!!
Saturday 24 February 2018, 04:19:29
Philip M
A financial system is just an application of a technology - in this case money. Knowledge and understanding that leads to control is the way to avoid becoming a slave in any system
Monday 26 February 2018, 09:00:19
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