Another Bitcoin endorsement...
http://www.forexminute.com/bitcoin/john-mauldin-renowned-financial-expert-says-bitcoin-future-money-51121John Mauldin, a renowned financial expert, a New York Times best-selling author, is positive about Bitcoin as according to him the digital currency is the future of money and there is a lot of scope for Blockchain technology. He says that his introduction to Bitcoin came when he was speaking at a gold conference in Palm Springs. Remembering the event John Mauldin says that at the conference three bright-eyed, bushy-tailed college students approached him with a video camera and asked for his thoughts on Bitcoin. However, noting his confusion, they began to evangelistically espouse the virtues of Bitcoin and tell him how it would save everyone from the evils of the Federal Reserve. John Mauldin reiterated that he kept from rolling his eyes and mentioned a meeting that he had to go to – at that very moment as it turned out and since that time, Worth Wray, he and his entire team at Mauldin Economics have done a great deal of research on Bitcoin. The entire research he has done according to him proves the point that it is future of money.
This renowned financial expert brings a weekly newsletter that has over one million readers. The latest newsletter from him says, “Looking into the future, what do you see when it comes to the world of money? Will simple fiat currency still rule the world? Or will we evolve past that as our “Digital Age” matures with every method of new technology enhancing our lives, and even our pockets.”
The Statement is an Endorsement of Bitcoin
Nonetheless, Mauldin has no problem seeing a future without fiat currency as a way to share value and information. According to him the Bitcoin Blockchain holds many future innovations that everyone has not even unlocked yet. He says that there are huge possibilities in Blockchain technology that can be explored. Mauldin says that the Bitcoin Blockchain technology allows for the most secure electronic transactions ever devised and its adoption and acceptance seem inevitable to him. He admits that Blockchain technology will be used to validate everything from purchasing stocks, homes, investments, to purchasing airplane tickets, etc. According to Mauldin it will be a far cheaper and much more secure way to validate users’ ownership of anything, from their home to their stocks. Nonetheless, as Bitcoin earns another endorsement from someone not directly tied into the establishment’s economic paradigm, a lot of Bitcoin enthusiasts feel encouraged.
These days, it is hard to single out any reasonable people who would deny that we have been living in the digital age. Those who have the vision to see that coming have done well. Some of them have done very well, especially when they had the vision and skill-sets to quickly develop the business models with winning strategies and executed them almost flawlessly. Those who invested in them early have also done well.
John Mauldin, being a renowned financial expert and a New York Times best-selling author certainly seemed to have the vision to make another right call involving technologies of the digital age. Naming digital currency as the future of money is not a common conviction outside DNotes’ forum. Let’s double down. DNotes is the future of money and I have certainly argued the case in earlier posts that DNotes meets every function of money as a unit of account, medium of exchange, store of value, and Standard of deferred payments.
Digital currency is better than money. It is a far superior payment system, both on a local and global scale. No wonder the MasterCard guy looked so nervous. The current credit/debit card network is ridiculously outdated and expensive. Apple Pay just added another layer of charges to an already costly system. The high interest charges passed on to consumers is another disguise of their inability to prevent massive looses due to their inherent vulnerabilities to security breaches and credit card fraud. Combined with the Blockchain technology, the possibilities of disrupting the current banking functions, payment systems, asset and wealth transfer, as well as the abilities to execute all kinds of smart contracts are virtually endless. There will be many investment opportunities but finding the right ones is important to your financial health. Stay well informed on issues that matter.
I don’t believe that we will see a world without fiat currency for generations. However, I do agree with Mauldin “that the Bitcoin Blockchain technology allows for the most secure electronic transactions ever devised and its adoption and acceptance seem inevitable”.