You are viewing a single comment's thread from:

RE: Gold Bugs Really Need To Wake Up

in #life • 7 years ago

Hell of a read you have here. Just 2 observations.

  1. Cryptocurrencies will always be at risk of the (unlikely) event of a global crisis. Power is a major concern in some countries with strained infrastructures (In South-Africa for example). In such a situation, if the world is solely reliant on cryptocurrencies, it could be catastrophic...

  2. The above is unlikely and the world is becoming more connected daily, so I believe that it is inevitable that people will shift towards crypto. But I do not think relying on crypto completely is a good idea.

7 years ago in #life by
$1.38
  • Past Payouts $1.38, 0.00 TRX
  • - Author $1.08, 0.00 TRX
  • - Curators $0.30, 0.00 TRX
132 votes
Reply 1
Sort:  
  • Trending
    • [-]
     7 years ago 

    Yes, relying totally on cryptos is not a good idea. That's why I think holding both metals and cryptos is wise. Going back to a gold standard and allowing banksters and govs to cheat and create fiat is worse though. That's just my opinion. I'd rather see the world move to a decentralized blockchain like Bitcoin over a gold standard any day.

    Thanks for posting.