Bitcoin Vs Fiat
In this video by independent journalist,James Corbett, he explores the problems with the current monetary paradigm and solutions for it.
In this video by independent journalist,James Corbett, he explores the problems with the current monetary paradigm and solutions for it.
Check out my "Bitcoin Backed US dolar" prototype I made up last night in photshop ;)
to be true to the meaning bitcoin is also fiat as well
Fiats facilitate trade. Hard to trade without an agreed upon currency. These crypto currencies are like the wild west. If Bitcoin were to issue more than the 21 million then the SHTF. But cryptos like NEM have a plan to issue up to nine billion, and Ripple will issue 38 billion... and keep in mind that there are over one thousand other cryptos.
Steem away
Good to see Corbett on the Steemit. I try to follow his program as much as I can. Thanks for posting this 'truthseekereport'
Truth be told, the Blockchain currencies look formidable in comparison to printed fiat petrodollars. I did hear today that Zcash is being bought up by J.P. Morgan/Chase (one of the big criminal banks re 2009)... I am very cautious about Zcash as they may become diseased from this relationship(so to speak).
Of course Bitcoin is mostly owned by the Chinese. And apparently Ethereum is being bought up by Microsoft?
On the upside Steem, Stellar, Litecoin, Dash, NEM, Golem and many others all still look good. Do your own research!