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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 368.29+0.6%Nov 7 4:00 PM EST
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To: TobagoJack who wrote (179492)10/20/2021 8:11:43 AM
From: Follies  Read Replies (5) of 217587
 
I don’t yet understand the advantages of CSPR over ETH. I am still trying to understand Lightning which extends the usability of BTC.

The problem with China or any sovereign creating a digital currency is there two fundamental properties of BTC that a sovereign can not live with. A fixed limited supply and the inability of any authority to confiscate. No sovereign will create a currency which they cannot inflate or reach in to your account and grab your holdings.

The past 100 years has been driven by the Keynesian belief that the government managing the money supply and spending can improve economic conditions from recessions to stagflation. This is false yet virtually all economics courses espouse this idea. If you want a job at the FED you better believe the FED is doing a good job.

We are heading for a major war between the existing institutions which all suck off the tit of the money supply and the renegade rag tag band of algorithm purists whose only allegiance is to the sanctity of the code.

It will be bloody but I think the algorithm purists will prevail because they are smarter. Darwinism.

I feel the ground shifting. Jim Cramer, Ray Dalio, Barry Sternlicht and other luminaries have turned positive on crypto.

cryptoglobe.com
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