3 fatal flaws with digital crypto currencies in their present form....

They are not...

Tangible

Portable

Concealable

They are not...

Tangible

Portable

Concealable

I read somewhere that there are 3 fatal pitfalls with a digital bit-coin

#1 In GOD Nobody We Trust

If you think the Global elite bankers are going to sit on the sidelines and let this take over, you are crazy. They are playing us all as fools.


#2 No Guarantees
Exchanges have already been hacked and stolen


#3 No Inherent Value
Just like there is no longer any value in the Fiat Currency we currently use, there is certainly no value in ones and zero's sitting in cyberspace..... Tell me, what is a fair price? A price based on wild speculation??

If you think The Powers that Think They Be are going to sit on the sidelines and let this take over, you are fooling yourself. they are behind this all the way. Just go look at the cover of the Economist magazine from 1988

(unable to paste link from silver doctors commentary)..... /headlines/world-news/world-cryptocurrency-not-gold-backed-yu​an-in-light-of-the-1988-economist-magazine/
Snip "It is a growth-crippling prospect. Pencil in the phoenix for around 2018, and welcome it when it comes."

Is the value of Bitcoin the value of the flood of monies into the coin? Is this what it is worth? Pure Speculation!

Money that floods into these coins at a break neck speed, is this what gives it its value?

This is the stuff panzi schemes from the 80's were made of, (except now they live in digital world), those who get in early rake in the money from all the suckers, er people who got in late. They tout how they got rich (off OPM) and are living fat n happy now.
WOO HOO - Good for you, for getting in and getting out. Raking in profits on the suckers who came in behind you. Do you truly wear that badge of honor proudly? Do you look down on others who didn't get in? Couldn't get in? Or had the sense that something wasn't quite right with it?

A digital drug, intoxicating to those who jumped in early, those watching and are tempted to jump in now, and to those in control.

The Committee Called "They" call this a currency, Why? How is that possible?

How can there be price stability in a digital currency that has no limits and that is not backed by anything tangible?

The true definition of currency is to exchange one medium for another. Is this not suppose to be with some sort of stability?

If the value of the dollar right now is tagged to this crypto currency, then we are truly witnessing the de-value of our money right before our eyes.

For every dollar that floods into this 'currency', sucks the life blood away from the masses and makes people more dependent on a digital world and now not only a slave to the debt system we currently live in, but now a become a digital slave, more intwined in the wicked web we all helped weave....

You should be proud of your action.

We all know wallets can be stolen, hacked and now the pickpockets can do it while sitting in the comfort of their chair.

Help usher in the new age of coin, it will be implanted on the back of your hand soon enough, where else would it be safe?


But what do I know, this is just my 2 cents which, in my opinion, is worth more than any digital crypto coin...

Put your Trust in Jesus, the End is near....


IMHO

Heavens sake some of you people really do need to learn a lot more, not ust about cryptocurrency but outside of that too.

Cryptocurrency is not big enough to bring the financial system down. There was a story published in the last few days saying its not bitcoin thats the ticking time bomb its the EURO.

The biggest threat to the financial system is itself.

So I guess it's b) for you, huh?

Thanks for letting us know where you stand.

False on all three counts.

1. They are currently THE most tangible form wealth/currency since they cannot be counterfeited, duplicated, are infallibly secure, nearly infinitely divisible, and can actually be utilized in a modern economy unlike gold or silver which is impossible to utilize electronically or even he accurate change for in a face to fac daily transaction.

2. In another 7-10 years ALL “precious” metals will be rendered nearly worthless save for their industrial applications once asteroid mining begins in earnest and there is a limitless supply of easily obtained and cheap gold, silver, platinum, etc.

3. What could POSSIBLY be more portable or concealable than having the ability to store BILLIONS of “dollars” worth of wealth on a micro as chip half the size of your little fingernail? No banks, exchanges, markets, vaults, safes, or even abriefcase necessary. You can’t do that with cash, gemstones, metals, or securities of any kind.

4. Buy a cheap $29 stainless steel mesh wallet designed to protect against NFC fields and now you hav them in a faraday cage making them secure even from an EMP attack. Name ONE thing on earth that could possibly be more transportable or concealable?? Have fun lugging your gold dabloons around and paying $1200 for every single thing you buy because nobody has equivalent silver or even a scale to make change for you.

On the bright side, soon you won’t need change since solid gold will be cheaper than plastic is once someone drags Eros 433 back to low earth orbit.

Either you're not following what I'm saying or deliberately being obtuse because you a) don't like the fact that it is a house of cards since you're in the house or b) have always realized this is a trap for capitalism in general and you're in on it.

The EURO has value.

The Bitcoin has value.

I can't take away the value of the EURO by blowing up 50 computers or so, but I can take away your Bitcoin's value by targeting the 50 computers of the EXCHANGES which CONVERT BITCOIN INTO REAL WORLD MONEY.

NO EXCHANGES = NO WAY TO MAKE YOUR COIN INTO SOMETHING ELSE.

Which, if this happens, means your Coin and everyone else's Coin is WORTHLESS.

No need to blow up the internet.
No need to take down large systems.
All it takes is blowing up a finite number of servers which carry the Exchanges.

Get it?

the value is the protocol as a trustless medium of exchange that sustains itself with no central actors by providing incentives in the form of people mining/staking/running master nodes.

platforms for video media, music, file transfer, contracts can be built on top of it and their are countless examples but i doubt you will look.

THAT'S THE VALUE!!

do you not pay endless transaction fees at banks to do some of these very things?

You can "explain" this to me until you are blue in the face.

You can insult me.

I am non-tech.

I will not do this.

This is the truth:

if the non-tech do not take the bait, poof go the "value" of your "coins."

Keep watching that purchasing power shrink, buddy. Can't say we didn't try. God speed!

Keep watching that purchasing power shrink, buddy. Can't say we didn't try. God speed!

People dont understand cryptos were made by Quantum computers like the D-wave quantum computer - people think its hard to mine and impossible to cheat but they know nothing about Quantum computers or how they work-

Explain it to us like we're kindergartners please.

Explain it to us like we're kindergartners please.

Your "purchasing power" can shrink too with your "coin."

Unless one has the skills of an elite programmer/hacker, this is a ponzi.

The non-tech are being insulted by the tech elite (there's always an elite, isn't there?) to be bullied into this scheme because somebody other than themselves has to buy.

Heavens sake some of you people really do need to learn a lot more, not ust about cryptocurrency but outside of that too.

Cryptocurrency is not big enough to bring the financial system down. There was a story published in the last few days saying its not bitcoin thats the ticking time bomb its the EURO.

The biggest threat to the financial system is itself.