RE: RE: Get Ready for a World Currency
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RE: Get Ready for a World Currency

RE: Get Ready for a World Currency

Many points are raised in this article and me being an average joe reading this do not have the expertise to understand the forces at work in the world of finance so I can't make an intelligent argument to most points brought up. Be that as it may here's my take on money and crypto. For me the individual, money in whatever medium of exchange it takes equals stored value. I perceive and like others have agreed to trust the established value relationship at the time of the transaction. So crypto's come along and like others I see an agreed upon value established by exchanges and I can measure the amount of risk I am willing to take to participate in storing the value of my energy in that crypto be it Bitcoin or any of the other altcoins. And like fiat the agreed upon value of exchange has a measurable quantity, I place my trust in it.
I have watched and participated in the development of Bitcoin from the beginning . Why? Mainly as a bystander witnessing the development of at first a curiosity and later a recognizable development of a large scale economic phenomenon. I don't understand the technical side of it but I can read and see the immense amount of development going on in blockchain technology and the proliferation of altcoins. I am witnessing what I see as a fundamental shift from fiat based monetary systems to a digital based system tending to decentralization. I know this a broad simplistic view and I know we are currently in a state of transition that will take some time so I sit here and witness.. Thanks for your hard work and giving me an opportunity to examine my thoughts on medium of exchange that affects all of us.

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