Hey J. I was wondering if you were still checking the board. I don't have anything against crypto but it's not going to be the dominant force in the new system. I suspect our new money system will be based around a block-chain protected currency backed by gold and possibly silver as well. Crypto is owned much a like property. When people physically get robbed of their cash the thieves can be made to reimburse them with cash. It doesn't have to be the actual cash that was stolen, any legal tender cash will suffice. What happens when crypto is stolen ? They have to go looking for the original crypto and identify ownership. They can't require reimbursement with crypto because that would require it to be taken from someone else. There isn't a massive pool of legal tender crypto floating around available for free commerce. It's all privately owned. Some form of block chain protected digital currency backed by physical gold and silver is definitely on the horizon. This is why govts, countries and central banks are aggressively loading up on gold. They will need it to back their new currencies. Regards -Lamont Btw, Crypto currency is not the same thing as block chain. Block chain is a technology used in the creation of crypto which identifies ownership and tracks chain of custody. Block chain is not a currency.
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