Q = my fantasy cyber currency invented by QUALCOMM, encrypted, with 1Q representing one share in a big basket of companies, or one share of a company which owns shares in a big basket of companies and is established for the purpose of operating a cyber currency based on something more real than a promise a wing and a prayer.
Something more sensible than that old Aztec totem, gold. Why bother wasting resources digging up something of value to hold as value when there are perfectly good companies all around the world worth trillions?
Such a Q [with 100q to the Q] would be burglar proof, inflation-proof, dilution-proof, instant, always tradable, wirelessly accessible through cellphones and other gadgets 7.24.365. The transaction costs would be zero [or so near zero nobody would care]. No need to incur printing or coinage costs.
It's just a matter of time and who makes the profits from inventing the winning currency. I am hoping that QUALCOMM has the sense [perhaps in cahoots with Microsoft and a few others] to establish such a 21st century store of value and means of exchange.
Uncle Green$pan has passed his use-by date. Don't trust politicians with your life savings. Trust the productive enterprise of humans around the world.
Computer systems, cloned and secure all over the world, could in real-time manage the transactions and record who owns the Q at any instant. Zero chance of counterfeiting. No theft. No tax. Ohh, the politicians will NOT like that. Freedom!! That is NOT what Americans want, although they make the silly claim that they do.
Mqurice |
