Replies to post #35622 on Ripple (XRPUSD)

[trunkmonk]

i never said anything should be pegged to gold. and of course scalability is just another word for printing more. what i believe, and have heard, the only currencies that will have any leverage in the near future will be tied to gold, not pegged to it. almost every crypto lover since its inception tries to make BTC or their coins look like gold but always steer away from saying the words. its actually humorous, but in fact gold and silver is the only real money the world has ever had. ill call the flock of believers in crypto Lemmings, cause they just go with it and have absolutely no understanding of the world of finance other than as a way for transactions occur. even talking world bank without IMF is just 101 level stuff. im not talking pegged or backed, im talking tied to real money to make it legitimate form of anything. the next system has to be based on trust and intrinsic value, only gold can do that, the rest is just marketing and opinion.
people went with the inferior DOS system or even Apple back in the day, they either wanted to play with it or didnt want to do anything which was DOS and Apple, in actuality IBM OS and Office suite, or Lotus, was far superior in everyway. that cant happen in finance, it will be based on satisfying how world finance currently works with Trust at its core. BRICS is going to do it as long as US doesnt destroy all those Nations with war and threats, or Fed coin will deliver when its ready.
there are 7 billion ag/oz in the world, its no different then the limited scalability of BTC or other block chains, there will be more found or created to its capacity, but the value of each unit will change. when someone says gold is not scalable then i see bias, or greed. money managers make their money off of loose fiscal policy, gold standard is no more because of that reality. The ultimate crypto solution will have gold tied to it, and the one who can find a way for transaction of physical gold on demand will be accepted by every country. IMO

PS i thought it was Oracle and IBM...

I just had a thought, every person bord could be allotted an oz of gold, Novel thinking to put all on equal leverage from birth, the rest can be mined for those who want more to keep or sell.