Quote from: realr0ach on December 03, 2017, 02:03:21 AM

Quote from: sidhujag on November 29, 2017, 06:07:16 AM

Quote from: FlTZ on November 29, 2017, 04:21:47 AM

Market is still bigger than anyone one person.. so it will end up using the most efficient cash system it can find and implement into society.. the drive towards ideal money never ended... gold wasnt ideal because its too heavy and it meant todays rich can benefit at expense of tomorrow. Central bank targeting is more efficient and ideal over gold backed inflation... and cryptocurrency with some baked in inflation metric is even more ideal because or its public auditable properties and claims of work that cannot be forged... so sooner or later gold will be shiny toy your grandma loves but just not worth much

You sound like me. Its all about sov moe uoa

What a bunch of noobs. It's not possible to create a decentralized digital currency, thus no cryptocurrency has any fundamentals whatsoever, and the value of something with no fundamentals is zero. This means any craptocurrency is nothing more than a valueless pump and dump.

Ethereum is the ultimate lesson for how much of a fraud these things are, when they created a bunch of coins out of thin air for free which have no value. Since the distribution is crap and all concentrated in a few guys hands, it's basically an illiquid/toxic asset. They then drag their toxic asset to the Poloniex exchange using a wheelbarrow and leverage the price higher to create....a higher priced toxic asset. Being able to create valueless assets out of thin air and then use those valueless assets as collateral to leverage them higher while trying to pawn them off onto idiots is about as big of a scam as you can get.

There is no such thing as "virtual wealth". The only wealth that exists are real world physical objects, not objects in your imagination.

Please tell that google, facebook, twitter etc. pp.

/edit

I still believe holding PM is good choice for diversification - but virtual wealth is real roach.
And if society doesnt end in a WW3 big bang then virtual wealth will be the future.