Quote from: The Pharmacist on February 26, 2018, 12:39:16 AM

Quote from: trouble401 on February 25, 2018, 09:04:26 PM

go back to a gold standard or completely adopt crypto.

Jesus, those are alternatives on the complete opposite sides of the spectrum. I'd say going back to a gold standard is ridiculous at this point, at least in the U.S.
We've gotten so far into the free money printing that I don't think there's any going back from this--there isn't enough gold in the world to back all the money we've printed. It was a nice thing for many years to have something backing up the currency, but I don't think that's even necessary anymore.

The crypto idea is more of a solid one, but I don't think governments OR banks are going to get behind this unless they come up with their own crypto. Bitcoin will forever remain borderless, IMO. Banks are always on the receiving end of hate because they have all the fuckin' money, plain and simple, and they charge you for it. I don't think they're afraid of crypto, but they sure as hell are being slow to adopt it. Not sure they ever really will.

I agree that those alternatives are on the complete opposite sides of the spectrum and the gold standard would not work in the U.S(and perhaps most other major economies). Though I understand we can't change history, I couldn't help but wonder if the free money printing thing should keep on going. Haven't we learned how this money printing race has screwed up the global financial world? And yes, I don't think the governments/banks are going to get behind this unless they come up with their own crypto since there are too many risks involved. Unless the governments find a way to tax the transaction of cryptos, of course. Lips sealed