Quote from: coins1234 on November 20, 2017, 10:13:03 PM

Quote from: IMZ on November 20, 2017, 09:28:57 PM

Quote from: coins1234 on November 20, 2017, 04:02:25 PM

Quote from: IMZ on November 20, 2017, 05:26:23 AM

Quote from: coins1234 on November 14, 2017, 04:38:06 PM

Tbh, like many have said, the technology behind the blockchain is the future not the actual crytocurrencies themselves. Cryptocurrencies will keep rising in the short term, but eventually there will be a MASSIVE drop....perhaps even to zero. This is almost certain to occur in my opinion.

Governments have 2 tools to maintain economic stability, monetary and fiscal policy. If bitcoin was to become more important than fiat currency, then the gov loses it's monetary policy- this will NEVER happen, it is too important.

Governments don't have to outright ban cryptocurrencies, they merely have to release a state endorsed digital currency regulated by the central bank. This renders private currencies void....

Only currencies that make active uses of the blockchain technology for services eg Ethereum/Lisk will survive. Most of the growth in alt coins is sheer speculation nothing else.

'Governments don't have to outright ban cryptocurrencies, they merely have to release a state endorsed digital currency regulated by the central bank. This renders private currencies void.... '

Nuh! If one is avidly following the economic theory of the GFC -- I have been since January, 2008, when oil hit $100 a barrel -- you understand that the 'debasement' of fiat currencies is what's keeping the show on the road.

So, indeed, when Guvvy Coin is launched, plenty of folks will be attracted to it . . .

initially.

But it won't take long for them to understand that an 'e-fiat' can be debased in exactly the same manner as a fiat currency. Then they'll realise that 'hard-capped currencies' are safe-havens.

And that's exactly why the term 'safe haven' came into use about a year ago.

Us long-timer geeks thought that mass adoption would follow early adoption; but no: Wall Street figured it out before Main Street, and has start pouring money into viable instruments . . . like GRS.

The whole point is that if a state backed "e fiat" currency is released it will be debased periodically pending on the strength of the economy, that is the nature of monetary policy. Monetary policy is a major economic tool used to stabilise economies, governments are never ever going to give it up.

Countries vary considerably in terms of economic structure, a one policy fits all eg bitcoin, is unworkable. You merely have to look at the euro crises to see the issues countries like Greece/Spain have had in dealing with their inability to control their own interest rate. A one policy fits all will be very hard if not impossible to achieve. In addition a lack of regulation and cooperation in a decentralised currency system, pretty much makes it unworkable on a large scale.

I fail to see your point regarding oil. An efficient independent central bank is tasked with keeping inflation at stable levels. This means either increasing or decreasing the interest rate. In a nutshell, that is all a central bank really does.

A low level of inflation is usually seen as optimal in an efficient economy. By definition, this means by holding fiat currency, inflation will gradually reduce it's purchasing power. If this is a problem, then invest in instruments that nullify inflation eg stocks/shares/commodities.

To end on this, a currency is used to purchase things. Right now speculation makes up the bulk of all the value in cryptocurrencies. The moment private cryptos go mainstream...if they ever....they will be shutdown. It will be like a cliff drop on the price, people will lose millions. No one believes in a bubble till it bursts, but mark my words it will. Only invest in cryptos what you can afford to lose. Makes the gains now, because the end is coming.

Well, it's been so nice of you to drop in and tell us how useless our project is. You have a lovely day.

The technology behind your project is very useful, the actual coin as a means of currency is not. All I am saying is that there will be a day of correction in the future. good day sir.

Dont know what u want to say?
If tommorow everybody sold there gold because nobody want it the price wil drop

If tommorow the cumcumbers are hard to get de price wil go up

Good job you are so smart that there wil be a correction, that how it works it doenst matter if it crypto of what the fack else

I invest is groestl because i like the coin , the team
And I believe in it and only the community can make this coin great