Post
Topic
Board Economics
Re: Economic Totalitarianism
by
americanpegasus
on 29/07/2015, 02:41:29 UTC
...

I hear you, americanpegasus!  Bitcoin is another important component asset to own "Financial Asset Diversification 101" shows us.  F.A.D. also teaches us not to put all of our eggs into one basket, not even the Bitcoin one.

Yes, I have done business with BTC, just check out Veldt Gold's thread here.

Bitcoin and gold complement each other wonderfully.




Bearings count as diversification too, for those so inclined.
 
 
Right, but the problem is that bitcoin is not anonymous at all. 
 
 
 Shocked
 

 
And gold, while a historic fortress against bad currency and corrupt governments also faces problems in the digital age.  I have to postulate that in the post-Internet age that the future reserve financial asset of the world will not be a shiny rock, no matter how great of a store of value it makes. 
 
So that means that one of the new privacy based cryptocurrencies to rise in recent years makes a compelling candidate for becoming the global "private" ledger.  I have placed my bets on Monero for many reasons, though some disagree.  That doesn't stop me from being an ardent supporter though.  Wink