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RE: Just How Many Cryptocurrencies Does the World NEED?
But it still "walks and quacks like a duck."
Well my dear friend @denmarkguy. Like the reliable conspicuous critical thinker that you are. Always showing through your posts and comments a suitable dose of skepticism, reasoning, synderesis and assertiveness...
I would love to hear/read your opinion about the statements made by Mike Adams on this video next:
Cheers!! :)
Couple of thoughts: He seemed to fairly clearly say that cryptocurrencies will always be around, Bitcoin will not... necessarily. And I would agree with that... as things develop, the tech that drives BTC will become increasingly antiquated.
The other thought is that his angle is rather anchored in the old fashioned belief in an economy that's only about "things;" tangibles. He says you have to PRODUCE something. Carrots. Cars. Watches. But if you look at the development of society over the past 50 years... we are becoming less and less "thing oriented" and more and more "ideas" and "time" oriented.
People are moving from "McMansions" into "tinyhouses" and we see more and more "digital nomads" who own no more "things" than will fit in their backpack. His "product driven" economy can't survive (as it exists now) in a world where people are less and less inclined to fill their world with things as a sign of happiness, achievement, success or whatever.
I don't base that on being any kind of "expert," I base it on watching the world around me.