Highlights
Part II. of the discussion with Bix Weir of RoadtoRoot-A continues the intriguing dialogue on silver and Bitcoin.
As a GATA.org colleague, Bix Weir notes that the silver market is rigged - manipulators have the upper hand, but only for the time being.
JP Morgan holds over 134 million ounces of silver, up from zero ounces in just few years, but our guest thinks the actual figure is several fold the official tally, nearly 1 billion silver ounces.
JP Morgan could hold ten fold the stockpile of the infamous Hunt Brothers, known for the 1980's silver market corner / squeeze.
The death of the archaic fiat money system is inevitable, nevertheless, cryptocurrencies will not be the root cause, but a natural evolution to more functional / useful money.
Cryptos offer global inhabitants freedom of choice to choose a much safer token as a unit of value / utility with highly efficient payment options, convenience and improved anonymity.
The founders of the USA would recognize these as inalienable traits, the absolute hallmark of personal freedom and foundation of the United States' Bill of Rights.
The long established Gresham's Law actually predicts the enormous price ascent of Bitcoin / Ethereum, etc.; as bad money (fiat) naturally inflates the value of sound money (cryptos).
An algorithm resistant to SHA256 ASIC / GPU, exclusively for mobile devices could yield a "killer-app," to ignite an entirely new "crypto-mobile" revolution.
Similar to the Sieve of Eratosthenes, the host proposes a new prime factorization algorithm "The Sieve of Erdos", in honor of the greatest number theorist of the last century, Paul Erdos
The proprietary technique could vastly reduce the heat / energy effects of traditional mobile device mining methods, relying instead on memory intensive techniques.
