Post
Topic
Board Bitcoin Discussion
Re: The simple and undeniable reason why all cryptocurrencies will collapse
by
Mandoy
on 20/03/2018, 12:03:24 UTC
Galileo Galilei once said, “All truths are easy to understand once they are discovered; the point is to discover them.” Discovering truth about cryptocurrencies (cryptos) and showing that they are not money but faith based schemes that are bound to collapse, is the goal of this article. The first step toward achieving this goal is to explain why economic relations between people, where transfer of ownership rights is taking place, cannot be based on faith, and how, in that regard, cryptos differ from tangible goods and fiat money. After that, we will know what money actually is, and what it represents. Given this knowledge it will become clear why cryptos never were, nor ever will be money. The rest you can read here: https://cryptofraud.wordpress.com/

As the saying goes there is no such thing as permanent in the world. Even our society has its end and everything in it including our fiat currency our current government will fade. If you read the history there are no kingdoms or dynasties even countries that will last forever they are in the end being destroyed as well as their currencies. Bitcoin and other cryptocurrencies like fiat will also have its time when it will cease to exist but not in my lifetime but possibly in the future.