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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 396.28-0.7%4:00 PM EST

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To: Maurice Winn who wrote (169552)3/16/2021 4:20:06 PM
From: sense  Read Replies (1) of 218863
 
Agree that at the limits the theory in all crypto seems it is the assumption that no one will try to destroy it... or that a distributed network will prevent any such effort working... which sort of misses the point, first, that if you live in country A and your money lives on in country B... it still requires you are divorced from the utility without becoming a migrant... and, second, that borders that can't keep Hondurans out of Mexico and the U.S. will work great in keeping bankers/$/corruption/threats out of law making... which preserves some bit of the niceties that yours so rudely ignores... with a bit more honest description.

My view... while observing and addressing "disintermediation" being dismembered from the original concept... and noting the introduction of derivatives trading in the mix along with "acceptance"... is that the first step in that sequence you address is now well engaged as a "competition" in which one side makes the rules... with the new participants all happy to help, and quite sure it is progress in the success of their own idea they see occurring... as others adopt it because "rising prices" prove it worthy... and "things are different this time".

Short a Carrington event... you still don't have to look too far to find evidence the network may not be nearly as secure nor as resilient as is assumed... but, maybe it doesn't matter... as access to your bitcoin isn't really dependent on being enabled (?) by the presence of Huawei ?

Welcome to the new boss... same as the old boss... ? Junior may not be quite ready to run the company... but your opinion on that doesn't matter... since you're not a part of and don't have influence within the family ?

And, still, one EMP event away from a need for re-thinking digital money ?

And, there, this conversation melds with that prior... addressing how much trust is dependent on "the rules" one absorbs from the society... while assuming they're immutable, more like physical laws, rather than a part of what is best practice in moving the herd / flock from the pasture toward their next level in education.
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