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Re: Shaark post# 22011

Tuesday, 11/21/2017 3:47:11 PM

Tuesday, November 21, 2017 3:47:11 PM

Post# of 33026
Shaark you make a good point, but a lot of people also lost their minds when the U.S. did away with the gold standard in 1971 and here we are. You put (X) value on the paper that you have in your wallet, so in theory Cryptocurrency is no different than if the U.S. did away with paper money altogether like they've been discussing for years now. Bitcoin is just legal way to launder money right now, but in the future the blockchain tech that is the backbone of Cryptocurrencies (i.e. bitcoin) will be the holy grail that the Federal Reserve protects. Instead of housing only gold, they'll be housing a massive set of servers that control the entire country's digital currency. And I will of course protect my credibility by saying this is all just speculation, but a man has the right to think freely.
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