I have to say that after watching the video, I don't buy the whole theory of going back to gold-backed currency. All economic models have flaws and the gold standard has them too (and big ones). We mustn't also forget that all those financial institutions are full of smart people who also understand the inherent flaws and fragility of the current system. I believe the way to go in developing a new a more robust financial and economic system is forward, not backward. Trust-based units of value not backed by real assets are here to stay, as they bring liquidity and growth to the economy, but they are only as strong as the wisdom and actions of the decision-makers. Nothing lasts forever and history does repeat itself, but at the same time is never the same. Crypto-currencies will have a role on the new economic model that will replace the current one, that is for sure. There will be a place for other asset classes as always.  True, even gold can lose it's value once we get to the point where we can mine every bit of it on Earth and even mine it from outer space. Perhaps if we find a stunning amount of it in space this could be true. But we are far from this point in our lifetimes. At the moment, ALL the gold mind in history would only fill roughly two Olympic size swimming pools. Additionally, the only known way gold can be formed is by creating a super nova. Yah, its definitely is scarce. |
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One point that I believe Mike Maloney needs to focus more on, is the addition of Cryptos, IE BTC and others, into his basket of face haven assets. Gold and Silver truly do have their place, but should now share a portion of that space with Cryptos. Diversification is good.
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I would have to agree with you on the fact that politicians should not be allowed to stay in office as long as they do. If it was looked at and treated as a public service, then we would avoid many of the issues we currently face. It truly is a cesspool of filth.
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Politicians are known to be avid liars. Why is that? The obvious reason is because there are no ramifications. When a politician campaigns, he's not under oath or contract. Legally, he can say whatever gets the votes. Once a government moves beyond the protection of liberty, it becomes a government of, by, and for the greatest liars.
Click here to watch this video:
http://www.goldsilverliberty.com/2017/09/ron-paul-on-why-politicians-lie.html
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Yeesh, I hope so!  |
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Bitcoin should drop down towards its support level, so it might have a little further to go yet. Does hurt to watch the charts for a few days.
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There are so many ICO's these days, its enough to make your head spin.
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I see good things in the future for Bytecoin |
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This is amazing news, since my early involvement with LTC, I've always had a soft spot for it  |
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Precious metals, IE Gold and Silver have stood the tests of time. They have a 10,000 year history of being safe haven assets.
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Yes most certainty, go to an exchange and you will see that it can be held in fractions.
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Most of these coins are going absolutely no where, as we have seen over and over again. However, this does not mean that people should stop trying. Who knows, the replacement for BTC may eventually rise up and come from this space. Maybe, maybe not.
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This is something that we may see rise up in the future. The possibilities are endless in the crypto space!
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Both are likely to move in tangent, however, BTC has a lot more history and backing. I would start there, then diversify into other coins.
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This is the new, modern day warfare. I agree with Trump, its time to finally deal with the NK problem. It has been put off far too long, and now look at the situation the world finds itself it.
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There have been reports that the government of Kim Jong-Un have started mining bitcoins, as a way of overcome the global economic ban of his country. Which brings us to the question: How could this affect cryptocurrencies' image to the average citizen, giving the fact that other governments could use this to enforce regulation on the matter?
Let me know your opinion guys
Don't worry, I'm sure their energy efficiency is massively ineffective and therefore their mining cost is abysmal. NK isn't known for its stellar success in many ventures. Although, kudos to them for thinking outside the box. |
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150 ICOs, wow. Man that's a lot.
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The chinese government is actively cracking down on anything, that will allow its wealthy citizens to get wealth out of the country. Bitcoin, is obviously a great tool for this, and is therefore an enemy of the communist party.
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I think it is beyond ignorant to think that Aliens don't exist.
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