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It will likely be a cryptocurrency or perhaps a basket of cryptocurrencies. You essentially want a way to store wealth directly on the Internet as it is the fas
by ahnick 1mo ago
It will likely be a cryptocurrency or perhaps a basket of cryptocurrencies. You essentially want a way to store wealth directly on the Internet as it is the fastest and easiest way to reassign ownership of money or collateral. The nice benefit too, then is the U.S. (and no other country as well) is subject to the Triffin Dilemma.
- upboundspiral 1mo agocrypto is a solution in search of a problem.
- ahnick 1mo agocryptocurrencies solved the double-spend problem for digital currencies. There is no ongoing search. https://en.wikipedia.org/wiki/Double-spending https://en.wikipedia.org/wiki/Double-spending
- delfinom 1mo agoWhich was never really a problem before cryptocurrencies. Nor does it any way address the core issue we have with physical currency, taking out loans now, against future wealth generation, which is happening in the crypto space too.
- ahnick 1mo agoIncorrect. It's always been a problem. Go back and look what has happened to the purchasing power of the dollar throughout the 1900s. If the dollar is losing purchasing power you can hedge that loss by buying Gold, commodities or cryptocurrencies. (Basically anything scarce) Also, there are no loans being taken out against the future wealth generation in crypto. That is entirely a fiat phenomenon. Call your Senator.