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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Maurice Winn who wrote (169225)	3/6/2021 5:40:51 AM
From: TobagoJack	3 Recommendations Recommended By Maurice Winn pak73 SirWalterRalegh Read Replies (1) \| Respond to of 217657

The book Message 33229812 is promising

To: Maurice Winn who wrote (169225)	3/6/2021 3:21:54 PM
From: sense	1 Recommendation Recommended By Lee Lichterman III Read Replies (1) \| Respond to of 217657

I think that's mostly right, thus far, about the use of blockchain in money... although I wouldn't blame the blockchain for the failure, thus far, to make real sense of how to best use it as money. But, if the problems we have aren't in the money, but in the market... in the controls and impositions applied by governments and intermediaries... adding another currency to the long list of currencies we already have, won't change much, if anything. The only reason anyone is really interested in bitcoin or any of the crypto alternatives... is because they've postured as investments that gain in value. Without that one feature... no one would care ? So, what happens as China and other countries look to incorporate blockchain concepts into state currencies ? You can't swap from your existing currency into a new one... with a design to have it increase in value ? If there isn't any other utility in having them... why bother ? Crypto enthusiasts are essentially currency traders... only with the wrinkle of finding a currency to trade that's backed by a Ponzi scheme to make its initial adoption more appealing... as the value of the new currency grows over time... as they make more of it... instead of shrinking over time... as they make more. Thus far, the increase in value is the only feature that appears it is panning out... as contact with the market is doing to the cryptos all the same things that contact with the market has done to every other currency. I sent some money to a friend using PayPal yesterday. Noted them advertising their crypto involvement, so clicked on the links... They let you buy (convert dollars into) crypto... they have bitcoin, etherium, lite coin and one other... They note, first, that using PayPal for that doesn't ever give you ownership or control of the code... so you can't lose it... which they bill as a security added feature in using PayPal, since you can't lose the crypto you hold in PayPal accounts. The market interpretation: the pre-existing intermediaries offer improved features that are added by the intermediary... by removing the crypto selling features ? Disintermediation is not going well. Not just that though. Other advantages too... but they come paired with a couple of issues. They note your crypto can't be lost... but that doesn't protect you from market price changes. But, they also note that your crypto transactions will incur unique transaction costs... and you will also pay the exchange rate tolls you pay in any other currency conversion. So it costs more to use it than other currencies... which obviously won't work... if it doesn't increase in value. But, there is another advantage in using the intermediary... since they will essentially let you use PayPal as a trading platform... buying and selling with direct conversions to cash deposited in your cash account when you buy and sell... And, you can more easily use PayPal to buy stuff than you can most crypto currencies ? It does make the cryto more useful by sharing in the convenience that has made PayPal successful in competition with other intermediaries. In the degree it converts PayPal into a currency trading platform... I'm not sure that's been fully considered by officialdom... who do regulate currency traders... but don't regulate crypto in the same way ? Since PayPal links to various other accounts and allows you to select which to use in a transaction... it essentially allows me to buy crypto on my credit card... which is an angle I'd not really considered before. How much of the crypto market is leveraged... that way ?