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RE: I'm starting a cryptocurrency & Blockchain club on campus!

in #community7 years ago (edited)

Good luck & don't get discouraged by naysayers or crypto price fluctuations. Imo, cryptocurrencies are the closest thing we have to a Gold Standard/free-market right now. Cryptocurrencies could not exist without the existence or hyperinflation of debt based fiat currencies & we can't go back to a Gold Standard because of fixed gold prices. They're are @ 300 paper ounces to every physical gold ounce, meaning Gold would be @ $400K per ounce right now if we were still on the Gold Standard. This is because of banker manipulation of its price. The dollar has lost @ 85% of its value since 1971, when we went off the Gold Standard. Every dollar one makes today is worth less tomorrow. We must not let the banksters do the same to Bitcoin or any other cryptocurrency which they have done to gold.

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I won't get discouraged, thanks! I will defiantly bring in central bank and government manipulation into discussion at the club