Re: Vertcoin - 1 | ASIC - 0 | Lyra2RE | Decentralised | GPU Mineable | Open Source
if above happens then 1 VTC = 1000$ however thousands will lose their jobs (again)
I don't think so, infant investments (and thats exactly what crypto currencies really are) are for people with savings/money they dont need right away.Also, there is a huge difference between gold and CCs, the main one being that gold is a highly valued commodity for the last 40-50 centuries. People feel secure when they own gold, because they know that whatever happens they can always rely on the gold. Economy crashes, USD gets hyper-inflated, people getting poorer with the hour - no worries, you still have that gold.
Totally not the same with Cryptos.... If the aforementioned happens, I can bet my shiny ass that cryptos will get blown to bits.
the total opposite from what I am saying, but that is fine
, well, 50% of money devalued like that will have huge impact on the dollar, which loses buying power,one thing is needed, micro payments or wallets everywhere on micro devices/chips and cheap, believe 21 is working on that but there will be others