As the old saying goes:
I give a reds arse who controls the country as long as i control the money.I give a damn who controls the money as long as i control energy.
A change of power away from goovments towards large multinational company is underway.
Energy is needed by everyone and the Slavemaster is easy identified. It is also clear to see that some slaves cheat (large corporate player’s who use ripple style cryptocurrencies).
the price of a crypto is:
price of use per transaction + number of participants + type of encryption used + speed of transaction + cost of production + cost of distribution + cost of retail + cost of marketing + speculation
In recent times the speculative demand for bitcoin has been very high and supply steady so price is high. The high price can not be sustained if participants only buy it and not use it (moneys purpose is to flow, work).
Momentum means nothing in the long run and most cryptos will have the day in the sun. news of a large company supporting crypto xy affects its price, so do negative headlines.
Macintosh II had momentum too until it got overrun by ibm with its complicated, confusing and buggy os. (cant remember the name of the os).
The talk about bitcoin will be outlawed is, well, just talk won’t happen. Goovments love digital money and embrace it with both arms, they
hate cash. Crypto currencies are just the missing tool they needed to make cash illegal, which is already happening in small steps, but it cant be done overnight.
In the long run the real money is made by the exchanges. Any bulk no matter how big can only be sold once, preferably with profit. (most will miss the boat).
Cryptos are here to stay and they will be numerous, some will fall on the wayside (such is life).
Gold, on the other hand will rise sharply in the near future, but will only be a Metal (not a PM) in 20 years time, the price will match its new status.
So when the Dollar collapses what will big players like google and apple do? Adapt what's already available or rush out and have its one coin, like amazon?
Will a crypto which costs an arm and a leg to produce and takes minutes to finalise payment be a success in the long run?
