FIAT vs Crypto---??
Here is the argument given by Avg Joe about Cryptocurrency...
It's made from nothing, backed by nothing, Fake Money, can't touch it or give it to anyone.. Only worth what they say it is worth on the stupid trading exchanges...blah blah blah..
Here is a little test for you :
Take out some of your paper currency. For me would be dollars....
Get a few different denominations and place them on the table.
Now - close your eyes and have someone mix them up. KEEP YOUR EYES CLOSED and pick them up one by one and tell the person without looking what they are worth..... Cant do it can you?
Can't do it because they are only worth what the number printed on them says they are worth and what we have been told (ordered) they are worth... Backed by nothing...cost pennies in paper and ink to make.... really not worth anything in the end.
Cryptocurrency on the other hand created with efforts and technology too infantile to even comprehended yet is backed by this superior technology. (eat it Avg Joe)
What is the next step in this Re- Monetization (not a word yet :) of the world's payment and value system?
Perhaps steps in Precious Metals backed crypto in a return to what FIAT gave up... Perhaps.
All I know is that this Slumbering Crypto Giant wont be ignored....and with all of the FIAT/Market's and other bubbles filling to their bursting points, something will have to rush in and take their place once they do explode...
CRYPTO: Let's go to work!