You are viewing a single comment's thread from:

RE: ADSactly Tech News - Blockchain and the Potential it Holds to Change the World!

in #blockchain6 years ago

Blockchain might be good for everything but money. True money, true wealth is finite. Gold, silver and diamonds have not lost their value even to this day. Bitcoin and other cryptocurrencies are just a more evolved form of the fiat currencies we have today. There is nothing backing paper money and there is nothing backing cryptocurrencies either. So use blockchain for everything else but back to gold and silver for true wealth. Embrace crypto and you can be sure that the elites will use that as a way to implant microchips into our hands to enslave us that much further.

Sort:  

Gold and silver yes. Diamonds no. Some things are scarce while others are artificially scarce. What people don't understand about Bitcoin is where it derives its value from. Firstly it is belief, without belief in it there would be no underlying value. Network effect is another big reason it has perceived value as its use in everyday life cannot be denied. Finally you have the energy it takes to secure the network and mine it. I would argue that Bitcoin has more true underlying value at the moment than diamonds but Gold and Silver are hard to beat!

Coin Marketplace

STEEM 0.18
TRX 0.16
JST 0.030
BTC 62572.49
ETH 2444.62
USDT 1.00
SBD 2.67