F*CK FIAT! THATS REAL MONEY! - Gold & Crypto
Durable, divisible, portable, easily verified, fungible, decentralized & scarce - No inflation - 4000 years of history used as money - You still think your hyper-inflated & over-printed paper fiat-currency backed by absolutely nothing is more valuable than this?
Steepshot | IPFS | Google Play
#gold #coin #crypto #photo #photography #fiat #onze #currency #blog #spanish #life #cervantes #cryptocurrency #minnowbooster #steepshot #metals
Someone has usted steemconnect, good pic!
yep mate! steemconnect is great! thanks a lot! :)
Nice! I prefer crypto for the portability aspect - transporting huge amounts of gold over great distances is tricky. Also, crypto scales and blends better into a global economy than the coin on your image. Never the less, your statements regarding that beautiful piece of gold remain true :)
I'm also a prominent crypto supporter... But there is a lot of scams and useless crap within the space that can easily go from 700$ to almost 0 in a matter of days (bitconnect)... While gold has kept value and purchase power over 4000 years of history... Definitely cryptos are way more convenient for the reasons you mentioned, but still long way ahead to know which few of the thousands available will eventually get mainstream adoption...
Unfortunately, the part with scams is true, and also it's a shame. I'm sorry for anyone that lost money to a scammer in the crypto space. But if you ask me, that has nothing to do with crypto itself. Scammers always tend to use the latest technology, the ones that people are hyped for but probably don't really understand. Check fraud was much easier in the early days when people weren't aware of all the scams and tricks. At the beginning of e-mail, people might have trusted the mysterious businessman offering them tons of money, people fell for dial-up scams in the early days of the internet, and the .net bubble probably facilitated the funding of scammers that never intended to finish or even start their project. Crypto is just another dimension for scammers to get other peoples money. And in times of blind hype, when people throw money at anything containing blockchain, it must be a true paradise for scammers. There's definitely still a long way to go for crypto, but also for the people using it.
The gold argument is very interesting and indeed it proved to be an excellent store of value. Also, it is an interesting question to ask, which of the cryptos will eventually get mainstream adoption. To address the "How many cryptos?" question, I'd like to quote A. Antonopoulos (Bitcoin Expo 2014 - Keynote;):
This quote might seem confusing if presented without context. But both, your statement about gold as well as this quote led me to a broader context and ultimately to the question:
I kind of feel the urge to explain what I mean by that and to give the quote of A. Antonopoulos the context it deserves, which is why this might be the title of my next post.
wow rally nice...
Thanks mate! Beautiful isn't it?
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