Topic: Evolution of the monetary fiat systems and altcoin systems in the 21sth century (Read 475 times)

That was absolutely not the point

Good arguments. However, the value of gold and fiat currency are intertwined in different modus operandi. Also unlike gold, which is mostly a store of value for investors, crypto currencies are intertwined with the real economy (merchants and consumers) since it's also a currency for daily use and thus its value needs to be stabile in order to be able to gain trust from merchants and consumers. As such both gold and crypto currencies cannot be compared with one another. But thanks for showing interest in my ideas   It's nice to have some thorough conversations with people who are here not just to grab some quick bucks, but to discuss the economic pillars/applications within the wider economic monetary context as well  

So this post is a pump for Guldencoin?

Interesting Ideas, but i must say that sentence need some arguments.

I have some counter arguments already.
1. Gold is a anti-Keynesian "currency" it works as competition to Fiat
2. anti-Keynesian Altcoins will act like Gold, as a competition to Keynesian Coins

greetings

On the one hand Bitcoin and its blockchain applications in the real world has proven to be a very fast, valueble, easy and secure method to store and/or transact value. As such Bitcoin has created an eco-system of its own. Nevertheless, although endorsed by anti-Keynesian extremists as a method to get rid of all regulated financial systems and government control, that which has made it big is now holding it back. Regulation is necessary in order to create investor/consumer confidence and make it more than a currency of speculation.

On the other hand the established financial and monetary institutions have displayed their interest in adopting blockchain technology in order to create digital currencies that correspond to the already existing fiat currencies. So for example, they want digital dollars, digital euro's, etc. They can provide many advantages that Bitcoin lacks, the most important of all is stability.

So how do these trends converge into the 21sth century? On the one hand the altcoin ecosystems will adopt more regulation and start acting like financial and monetary institutions and on the other hand the established monetary fiat systems will adopt less regulation and start acting less like central controlling authorities. Eventually these systems, both the monetary fiat systems and altcoins system will balance at an equilibrium where consumers and investors will no longer consider these systems to be at odds with one another and where both systems will play an equally important role;

speculation;

- It's not necessary to panic when central banks issue their own digital currencies; digital fiat currencies will not replace altcoin currencies and vice versa

- Altcoin currencies that are more centrally regulated and have a special purpose in the economy have the best prospects of competing with digital fiat currencies in the 21sth century;

- Those altcoins that want to hold on firmly to their anti-Keynesian ideology and refuse to regulate the market will be losers in the end;