Digital currency coming

[lostchild]

In the not too distant future, 90% US silver coins may be the best choice...a relic of a once great country, stolen from the citizenry in 1964.

Selling today for 27-32 times face value. Might have missed the boat on that. Waiting on the next dip.

 

[Horsehat]

Bear in mind that bitcoin has no intrinsic or inherent value.....a complex string of 1's and 0's floating around in cyber space. It is a great speculation, however....as long as you have a chair when the music stops.

Much like a U.S. treasury issued digital currency.

 

[Horsehat]

Much like a U.S. treasury issued digital currency.

Should have read further, everyone has already said this,

 

[CAMSDADDY]

If everything goes digital currency what happens to silver and what happens to cash in the bank?

 

[Boot71]

If everything goes digital currency what happens to silver and what happens to cash in the bank?

Confiscation, for our own good? Just to keep crime and riots down, you know.

 

[hikingthehills]

If everything goes digital currency what happens to silver and what happens to cash in the bank?

It will be transferred over for a 10% fee.

 

[Boot71]

It will be transferred over for a 10% fee.

........."10% for the big guy"
In all seriousness, 10% is likely a little low of a number.
You know those jokers are greedier than that.

 

[grainchaser]

"Bear in mind that bitcoin has no intrinsic or inherent value.....a complex string of 1's and 0's floating around in cyber space. It is a great speculation, however....as long as you have a chair when the music stops."

Very similar to the new Fed digital dollar.

Very similar to the near worthless, fractional reserve, fiat currency now in circulation.

 

[moosensquirrel]

Except the fed digital dollar is created from thin air by a keystroke, while bitcoin has always been created by a proof of work algorithm, requiring people to consume units of energy to produce the next block. The USA has at least had petrol as the product that backs the dollar since 1971, after leaving the gold standard. What is a barrel of energy if not a measured unit of energy?

No, it is not gold but energy is one of the most needed things globally (outside of food water shelter, and energy is usually comsumed in the production/purification/distribution of all of these now).

I know many people distrust digital Anything, but the fact is that most of the world accepts digital assets, and the amount of people who are choosing to accept things like Bitcoin is steadily on the rise.

It's proof of work, fair and open launch, along with its decentralized nature, and trustless security and open public ledger for actual transparency, and low cost of transportation between people make it a far better solution for individual monetary sovereignty than anything else the world has seen to date.

Just my 2cents

remember, bitcoin is ultimately priced in fiat USD. When the USD=0, guess what.

Aristotle's Money Criteria​

Aristotle's Money Criteria Support Gold, Precious Metals

Aristotle (384 B.C.- 322 B.C.) philosophized about money, a medium of exchange and value in his life.

seekingalpha.com

 

[BEREZKA]

I cant imagine the ignorance it takes to believe you have any freedom or privacy in this country