Post
Topic
Board Economics
Re: Martin Armstrong Discussion
by
iamnotback
on 21/01/2017, 02:55:54 UTC
I agree about the lack of a price floor though. Industrial demand gives metals a price floor cryptocurrency lacks.

I posit this will be the transactional demand that will develop because crypto-currency is the only way possible to exchange value (and other things such as data, blockchains are not just for money exchange) globally that is supranational, decentralized, and occurs at the speed-of-light. The Internet gave us decentralized networking, but it did nothing to decentralize the data persistence and coordination issue. Blockchains do.

This is why I have argued for a bifurcation, because it is impossible for the world government's SDRs fiat to provide those capabilities.

Software (more generally knowledge) ecosystems do not invest in closed source, i.e. centralized paradigms. We all invest in the Internet, because we know nobody controls it.

Note those possible attributes are not yet perfected in any published technology (e.g. Bitcoin), but I claim they are theoretically perfected in some technology I have written down and am just awaiting my treatment so I can get back to being a programmer as I was before I was infected.

P.S. my doctors have discovered that I have a curable infection (most certainly had this infection since 2012 or before). It is not yet certain if that infection is (active and is) the cause of my current symptoms, but I think it is.