Glenn, I agree with you on virtually everything you say, but I continue to question anyone who wants to put money in crpto. How can crypto be so secure when it is totally dependent on something as vulnerable as the internet? For example, Russia is clearly threatening to mess with our internet.
Glenn, I agree with you on virtually everything you say, but I continue to question anyone who wants to put money in crpto. How can crypto be so secure when it is totally dependent on something as vulnerable as the internet? For example, Russia is clearly threatening to mess with our internet.
Yes, crypto is definitely more speculative than gold and silver, but I think privacy coins such as Monero and Pirate Chain have a place. As far as the internet being vulnerable, what is more vulnerable than the internet is the dollar and the supply chain. The fact is, we live in such an interconnected world that many, many people in the US will starve if the internet actually goes down.
I guess I don't understand what you mean by privacy coins. I can hold a gold or silver coin in my hand. I can hold a dollar in my hand and even though it is depreciating, I can still exchange it for goods and services. Crypto money exists only on some ledger on the internet. I fully expect disruptions to occur on the internet as well as the electrical grid which the internet depends on.
I understand, and quite honestly, I don't know the right answer regarding crypto currencies. It may be worth something and it may not. Right now, there is value because people assign it value, but if the economic system crashes, will crypto still have value? We will have to see. The intent is to have a form of currency that is outside the banking system
Glenn, I agree with you on virtually everything you say, but I continue to question anyone who wants to put money in crpto. How can crypto be so secure when it is totally dependent on something as vulnerable as the internet? For example, Russia is clearly threatening to mess with our internet.
Yes, crypto is definitely more speculative than gold and silver, but I think privacy coins such as Monero and Pirate Chain have a place. As far as the internet being vulnerable, what is more vulnerable than the internet is the dollar and the supply chain. The fact is, we live in such an interconnected world that many, many people in the US will starve if the internet actually goes down.
I guess I don't understand what you mean by privacy coins. I can hold a gold or silver coin in my hand. I can hold a dollar in my hand and even though it is depreciating, I can still exchange it for goods and services. Crypto money exists only on some ledger on the internet. I fully expect disruptions to occur on the internet as well as the electrical grid which the internet depends on.
I understand, and quite honestly, I don't know the right answer regarding crypto currencies. It may be worth something and it may not. Right now, there is value because people assign it value, but if the economic system crashes, will crypto still have value? We will have to see. The intent is to have a form of currency that is outside the banking system