I thought i'd share this here:
http://www.cryptocoinsnews.com/news/gold-companies-rushing-bitcoin/2014/07/11
I've no idea of the accuracy or legitimacy of the article, but if true, this is absolutely HUGE news - for all crypto's.
I'm one of those individuals who believes Gold and Silver are real money - Crypto's are a very nice solution to a monetary system that is flawed, but crypto's are themselves flawed in the sense that their value isn't backed by anything.
If we get crypto's backed by Gold and other real, tangible assets (You seriously can't get better then gold or silver, though) Then, well, these are very exciting times indeed. I've faith that Crypto's are a solution to the current monetary system we are enslaved by, but it needs something like Gold and Silver to gain the confidence and stability they deserve.
http://www.cryptocoinsnews.com/news/gold-companies-rushing-bitcoin/2014/07/11
I've no idea of the accuracy or legitimacy of the article, but if true, this is absolutely HUGE news - for all crypto's.
I'm one of those individuals who believes Gold and Silver are real money - Crypto's are a very nice solution to a monetary system that is flawed, but crypto's are themselves flawed in the sense that their value isn't backed by anything.
If we get crypto's backed by Gold and other real, tangible assets (You seriously can't get better then gold or silver, though) Then, well, these are very exciting times indeed. I've faith that Crypto's are a solution to the current monetary system we are enslaved by, but it needs something like Gold and Silver to gain the confidence and stability they deserve.
Things are all gonna come down soon. It is best to have some physical assets (silver and gold) as well as internationally portable crypto.
You are correct.Its the banking system that , if it doesn't collapse completely ,then it will have terrible problems.
People are going to be desperate to get money out of the system before bail-ins.
