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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 378.35+2.7%4:00 PM EST

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To: TobagoJack who wrote (197316)3/16/2023 2:00:10 AM
From: sense  Read Replies (1) of 217649
 
I think "financial crisis" was supposed to be the "final proof" of cryptos utility... as "above it all"...

But, thus far, it has sustained greater volatility, not less... and while slaved to the same market drivers...

"Independent" of the "fiat system"... is proving as phony as "not a Ponzi"... recent events only proving that another dead bank or two means no conversions into spendable coin will be possible...

And the odds of there NOT being another one or two... look vanishingly small.

The gold advantage in "doesn't evaporate"... is more closely met by paper fiat than crypto, as, whatever else is true... and even assuming the power stays on and the power bills get paid... as they start adding zeros to the bills faster... you can still stuff a mattress with them... or fold them up into colorful little origami flowers ?

So, as I thought before... will have to sift through the carnage once it is over... from "still only the beginning" now... to see if there is anything of real utility that is salvageable... when the market bottoms.

Block chain has clear utility... but, its greatest utility might be in things of value other than cash substitutes... (or NFT's generated by AI driven artist bots).

I think that it will be hard to find a new use case... that is not a function of "please support our Ponzi scheme" mostly because... allowing the Ponzi scheme based financing... has poisoned the market to other cases ?

Fiat is also a Ponzi scheme, of course... but, it does have something of a monopoly, it seems... even within the quite large diversity of the many currencies that do exist... and the CBDC fork... is just another fork being stuck into WEF's rapidly failing plans for world domination and control...

I think there are compelling enough use cases...

The problem being only... those things tend to ALSO challenge the existing authority in ways they dislike...

So, the change being sought... has to occur before the change can be made to begin ?

Circularity works better in physical coinage.
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