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     6 years ago 

    This is an excellent initiative! for those who want an easier way to go deeper into this history of money and how the bypass of the gold standard made money now days worth absolutely NOTHING, check our the zeitgeist movies by the grand Peter Joseph: http://zeitgeistmovie.com/

    and just as a P.s.: this is how the rich get ever-richer and the poor ever-poorer, because NOW money is created out of thin air (in the US by the FED and in Europe by the Central Bank) and that money goes into the pockets of the rich through a whole s*it load of bureaucracy and the inflation brought about to the markets by that FAKE creation of money creates inflation that makes the rest of the money worth less for everyone (bit of a rant I know, but every time I get into this topic it makes me sick how unfair the world is)

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     6 years ago 

    Thanks for stopping by and checking it out man! I appreciate the detailed response and no need to apologise for the rant :D I know it can be frustrating at times when you try to help people see the bigger picture but ignorance is bliss as they say.

    I am not sure I fully agree with the sentiment about the rich getting richer and poor getting poorer. I think there is more to that than just printing money but it certainly doesn't help things. As I mentioned in the blog, it's effectively a piece of paper with a number on it.

    Currency is basically just a number with a name given to it but I think the concept of UBI is really interesting.

    This whole series is more just to help beginners understand the what, why and the how behind cryptocurrency. Whether they use it for "investment" or buying things is up to them but I want to help out those who are starting out :)

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       6 years ago 

      Excellent post and explanation, will be reading all the othersa as and when they arrive.

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       6 years ago 

      Thanks a lot Remo! Appreciate the feedback and some incentive to get the latest post done. Entering a new chapter shortly!

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         6 years ago 

        ... excellent part 2 of series The Bluffer's Guide to Cryptocurrency ...

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         6 years ago 

        Thanks a lot @digitaltraffic! I appreciate it! If your head isn't spinning yet and you want to read a little more, then I posted up the latest instalment of the Bluffer's Guide!

        Trying to explain how blockchain technology works without going too deep on the technical side was a challenge :)

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           6 years ago 

          For future viewers: price of bitcoin at the moment of posting was 9283.00USD. Happy trading!

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             6 years ago 

            Thanks for letting us know. I'll be posting more about where people can go to find out more information on prices of bitcoin and other currencies as time goes on :)

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               6 years ago 

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