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RE: Is Cryptocurrency Killing Our Money?

in #bitcoin7 years ago

@roseville

One of the biggest threats to your financial well being is the fact that it is monitored by government institutions. A breakaway will only increase you wealth.

Money is not the paper you are use to and it has not been for a long time. The paper system is currently not backed by anything other than people's belief in the system. If there is a shift in thought it can make everything tumble down like a house of cards.

Crypto, although not monitored strictly enough is a better system than the fiat currency system which we call money. Billions of extra fiat is printed all over the world every day (called quantitative easing) which is blatant theft from us all in the form of dilution and no one seems to give a damn.

Government moved away from the gold standard because there is no cunning tricks when it comes to gold and this is easily explained. GOLD CANNOT BE PRINTED COPIED OR GENERATED FROM NOTHING.