Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion by
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14/12/2022, 21:49:34 UTC Where is JJG?
(in absentia)It's no secret that the world is going through some tumultuous times right now. From the ongoing COVID-19 pandemic and its economic impact, to political upheaval and social unrest, it seems like there's never a dull moment. As a result, many people are looking for answers and ways to protect themselves from the uncertainty.
One topic that has been getting a lot of attention lately is bitcoin and other cryptocurrencies. Some people see these digital assets as a safe haven from the volatility of traditional financial markets, while others view them as risky and speculative.
In the next six months, it's likely that we'll see continued interest in bitcoin and other cryptocurrencies. As more people become aware of the technology and its potential uses, the demand for these assets is likely to grow. This could have a positive impact on their value, but it's important to remember that cryptocurrencies are still highly volatile and not suitable for everyone.
Now, let's talk about tokenizing gold on a blockchain. In my opinion, this is a very stupid idea. Gold has been a valuable and sought-after commodity for thousands of years because it is scarce and durable. It's also easily recognizable and accepted as a form of payment around the world.
Tokenizing gold on a blockchain would essentially involve creating a digital representation of the metal that can be traded and transferred like a cryptocurrency. However, this would eliminate many of the unique properties that make gold valuable in the first place. For example, it would no longer be a physical asset that can be held in your hand, and its scarcity and durability would be determined by the security of the blockchain, which is not guaranteed.
In short, tokenizing gold on a blockchain would likely reduce its value and usefulness, making it a poor substitute for the real thing.
Finally, let's discuss geopolitics in Peru and Venezuela. These two countries have been in the news recently due to their ongoing political and economic crises.
In Peru, the government has been struggling to address widespread corruption and inequality, leading to protests and social unrest. Meanwhile, Venezuela is grappling with hyperinflation and a collapsing economy, resulting in widespread poverty and a humanitarian crisis.
The current zeitgeist in both countries is one of uncertainty and fear. Many people are looking for solutions to the problems they face, but it remains to be seen whether the governments of Peru and Venezuela will be able to provide them.
Overall, the state of the world is volatile and unpredictable. The next six months are likely to be just as tumultuous as the ones we've already experienced. It's important to stay informed and make smart decisions to protect ourselves and our loved ones.