Re: [ANN][DASH] Dash | First Anonymous Coin | Inventor of X11, DGW, Darksend and InstantX
...........Wall Street Journal tells the complete story, unlike this sensational fear-monger...http://www.wsj.com/articles/deutsche-bank-co-ceos-to-announce-resignations-1433674815
...
How does this tie in to Dash? It doesn't really. We really have no clue yet on how cryptos are correlated to economic recessions. Maybe Dash is a safe haven, maybe BTC is a safehaven, maybe they're all speculative assets which get demolished during recessions....It should be obvious by now however that the mere existence of any value tied to cryptos should scare the bajesus out of the government and the investment world because it can be made completely untouchable to the government in the event that they need to produce tax revenues to pay off bonds and, unlike gold, you can spend cryptos and don't necessarily have high storage costs nor require a gun to protecting it. So maybe if the shit hits the fan so bad that governments raid IRA's and 401k's and lockdown checking account cash withdrawals then maybe cryptos are the true safehaven after all....and maybe then Dash's anonymity factor will become vital to civilization angry at government mistakes and control and so it'll gain serious value. $1,000 per Dash sounds about right in that scenario.
Sorry for the long reply, good to be back!
JL
...
How does this tie in to Dash? It doesn't really. We really have no clue yet on how cryptos are correlated to economic recessions. Maybe Dash is a safe haven, maybe BTC is a safehaven, maybe they're all speculative assets which get demolished during recessions....It should be obvious by now however that the mere existence of any value tied to cryptos should scare the bajesus out of the government and the investment world because it can be made completely untouchable to the government in the event that they need to produce tax revenues to pay off bonds and, unlike gold, you can spend cryptos and don't necessarily have high storage costs nor require a gun to protecting it. So maybe if the shit hits the fan so bad that governments raid IRA's and 401k's and lockdown checking account cash withdrawals then maybe cryptos are the true safehaven after all....and maybe then Dash's anonymity factor will become vital to civilization angry at government mistakes and control and so it'll gain serious value. $1,000 per Dash sounds about right in that scenario.
Sorry for the long reply, good to be back!
JL
Thanks for the link, and great insight into using crypto as a potential safe haven if the s.h.t.f.
If cash tanks, stocks tank, we see bank runs, etc., I can seriously see people investing in gold and crypto. Gold because everyone runs there for some reason. Crypto because, as you say, you can't use gold to buy everyday stuff with.
You should publish that idea in the wsj
[rant]I'm posting something positive, so this must be hype. You know who you are.[/rant]