Quote from: newneo3 on March 19, 2014, 08:14:36 AM

Quote from: One Six on March 13, 2014, 08:21:02 PM

Crypto concept is cool, but BTC and alt-coins are like... you printing your own notes and asking people to believe in magic and value. I hope Govt's will look for a way to digitize fiat. Just my opinion.

Some movies you might like to look at... all I saw on youtube. "Money as Debt," "The Corporation," "Money Masters."

"Digitize fiat"... 90+% of money is just bits on a hard drive (or some form of ledger) somewhere. There are not enough notes to give people if everyone wanted them in hand.

"you printing your own notes and asking people to believe in magic and value" ... Amazingly this is pretty much the same as fiat. The difference being we just can't keep printing.

IDK how I came across but my intent was not to be rude (and I'm pretty exhausted). Just trying to point out that cryptos are as legit as the USD, AUD, GBP or any other fiat currency. I believe in "Money Masters" the narrator mentions a period in US history when there were many notes within the colonies, even one colony itself could have several. Eventually they were consolidated..... feel the same will happen in cryptolandscape.

But I'm brandy-new here so I really don't know what to expect. I believe the consolidation would make sense though.

if any Gov "digitizes fiat" it will be as per neutral control and it will be a crypto currency, they won't have any control over it, except for saying " we support this "

that one sentence and the viability of the government that said it will help determine net "value" .