You are viewing a single comment's thread from:
RE: Goldman Sachs Introduces New Cryptocurrency SETLcoin
Setlcoin would really only have a positive impact on Steem or Cryptocurrencies in general as wider acceptance/usage of blockchain and distributed ledger tech will only increase the value of the varous digital currencies. Realistically, noting that this article is from 2015, and that it is highly probably that Setlcoins would not be something the general public has access too would indicate that it isn't really something to be concerned with. I am sure others will be able to add additional insights here but this is just my take.
I appreciate your consideration of my post, and substantive response. I just saw another post on steemit mere moments ago regarding a congressional hearing on cryptocurrency in a couple days, June 8, I think, that approached the topic in terms of terrorism.
Given Goldman Sachs revolving door at the director level of the CIA, do you have any thoughts regarding the potential regulatory impact on cryptocurrency?
Thanks!
I appreciate your post. I've been on the look out for any other news regarding your post-Well, here is an update:
Interesting to say the least. Anyone want to throw in some scenarios on how this can play out?
I am looking at this in terms of how it is intended to affect consumers in view of the almost 500% increase in the money supply between 2008 and 2017, that has not yet been absorbed by markets as inflation. The crash of loan originations, particularly, indicates we are in a recession, and if hyperinflation begins to impact consumers, flight to anything other than fiat will be strongly motivated.
Given the notorious manipulation of traditional hedges against inflation, precious metals, and the touting of crypto by Goldman Sachs, the obvious inference is that they intend driving consumers to cryptocurrency in a crashing economy.
Thanks for adding to my understanding of the matter with this valuable information!