Post
Topic
Board Announcements (Altcoins)
Re: NXT :: descendant of Bitcoin - Updated Information
by
ChuckOne
on 09/02/2014, 23:51:57 UTC

I see what you mean. Commodity-backed money. Hmm, will history repeat itself? https://www.youtube.com/watch?v=e6LWqgohO4E

The money should be backed by commodity and not the way is now.
The commodity is limited, planet earth is limited resources on the planet are limited
there is no space for infinite growth in economy.
Now the money is not backed by anything or only by empty promises in future.
We don't know the future therefore we should not believe in future promises.
Current economic model is detached from nature it does not follow the nature cycles
and will bring us do destruction.
Check the signature to learn more. Wink

This is where I got the YT movie from. Smiley Thanks for that.