Posted by: GeetMaiJawaafDiu? May 13, 2022
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First of, here is an analogy for inference purpose :
Number of US carmakers (20th century) - 3,000
Number of US carmakers (today) - 3
Number of cryptocurrencies (today as per CoinMarketCap) - 19,000+
Number of cryptocurrencies (today+10 years) - ?????
Number of US Dollar-issuer - 1
Unfettered inflation rising out of Fed behaving irresponsibly and the covid-quarantined populace, with a watch full of time on one hand and stimulus-checks in the other, formed a perfect storm for the projectile-like rise of the cryptos.
Though cryptos are not practical legal-tenders as of yet, they are still attractive for traders who have figured out effective trading-strategies (- more power to them). For other purveyors, top cryptos like Bitcoin, Ethereum etc. are the new store of value like traditional gold vis-a-vis devaluation-prone US dollar. But lately, cryptos have been mirroring the NASDAQ's performance which is a noteworthy let-down.
From the knowable knowns to the unknowable unknowns in mind, which option do you think will maintain yours and your counterparties' "TRUST" :
decentralized cryptos (crypto-currencies) that have bucked delisting so far
OR
From the knowable knowns to the unknowable unknowns in mind, which option do you think will maintain yours and your counterparties' "TRUST" :
decentralized cryptos (crypto-currencies) that have bucked delisting so far
OR
the US Dollar backed by the full faith and credit (along with its unchallenged, military or otherwise, might) of the US Government?
Last edited: 13-May-22 03:48 PM