Well there is a lot to consider. I'm not a hater of Bitcoin I just don't see it as real money. Money has always been tangible for the last 6,000 years such as gold, silver and anything with true intrinsic value. It has to be a store of economic energy. The generation of BitCoins on computer hardware is a great consumer of energy. I understand that's what they claim gives it its value. If people want to exchange for goods and services amongst themselves in BitCoin I see no reason they shouldn't be able to. However we all shouldn't be required to participate. There are other forms of block chain / distributed ledger technology such as XRP that could pave the way for digitizing gold. However first there be the physical gold to back it up. People don't understand you can't create gold and silver like you can create a BitCoin or some other digital token. The use of paper currency in the US goes back to 1690 when bills of credit or IOUs were used to conduct trade. In 1861 we started printing paper currency called "greenbacks" to pay for the Civil War. That went bust pretty fast as British counterfeiters sat offshore on ships and printed the currency into oblivion. In the early 1900's gold and silver coin was king until the Federal Reserve came into being. Even then they issued silver and gold certificates which could be taken to any bank and exchanged for real gold and silver. Its all about the money J. We are trying to create a future where 99.9% DON'T get screwed by the fiat currency created by the .01% money masters. The 21st century world is too fast paced to be exchanging coins for commerce. We need a monetary infrastructure that ensures honesty and can keep pace with millions of transactions per second. The big downside for BitCoin was the transaction rate is too slow to keep pace. They claim they've been able to speed it up. Maybe so, I don't know. I do know that XRP is fast and can handle multi-platform traffic pretty competently. I think the gov't has been covertly trying to sabotage it but XRP has managed to move forward despite interference. I have no skin in the game but XRP looks like a real good candidate for honest digital money backed by the real thing such as gold and silver. CBDC's are a fraud. They claim its digital money but we already have a form of digital money, its called credit cards. CBDCs are (Central Bank Digital Currency) "money" on account directly with the Federal Reserve. All your transactions go through them. First notice how the central banking system will not release its power over us. This is the major rub with CBDCs. They know all transactions you do, know all your monetary activity and approve every transaction. They will take taxes directly out of account when they want and can approve or disapprove any transaction they want. If you piss them off all they have to do is turn your account off. Its even worse than the garbage we have now. They want total control over our lives by forcing us on a digital currency backed by nothing. No competition will exist. The free market in a country is supposed to determine what its money is, not the gov't forcing their product on you. What we have with the Federal Reserve is a system that was forced on us. They make us borrow our own currency from them and make us pay interest to use our own currency. They don't have any reserves of real money, they just get IOUs from the Treasury and convert that to paper currency (not money). Its a HUGE ponzi scheme. Our dollars are Federal Reserve Notes. They own the currency and a NOTE is an instrument of debt. They conned us into using instruments of debt as money. Every asset that's denominated in dollars has a counterparty. Remember counter parties ? Gold and silver owe nobody anything when its in your possession. All our dollars are owned and owed back to the issuer which is the Fed. If you are still reading this you one glutton for punishment J. LOL This is where we are bud. Best wishes -Lamont
