I wouldn't invest "real" money in it,
If by real you mean the monopoly money that the government can print off at will and has a lock on by the use of force LOL. FIAT currency only has power over people because of the apathy of the people.
There's a reason I put "real" in quotes. Perhaps "legal tender" would have been a more accurate term.
I understood you completely but I just did not want some other less informed persons that might happen by this thread to think that the real money that is monopoly fiat money controlled by the evil subjugators to think that is was legit.
More and more countries are beginning to transact their business in other than U.S. Dollars.
Amen for that. I say screw the Petrol Dollar and let us the people maximize freedom from subjugation.
All it will take is the Chinese to back their currency with gold, and the Almight Dollar will be flicked off its perch as the world's reserve currency.
Guess what the Chinese want instead of Petrol Dollars they want "GOLD" from the Americans not worthless fiat.
As a U.S. citizen, I know this will mean hard times.
We might have to actually start to rebuilding relationships away from keyboard and chair in the years to come LOL. I don't think the collapse will be that hard if you are mentally prepared for it.
As an Objectivist, it makes perfect sense for that to happen. I suspect that only the Chinese' need for a market to sell their junk has prevented it from happening so far.
My same thought on the topic. It's the American's, Canadian's, Aussies and Europeans greedy ways to a life of convenience that supports China. It's a global economy not just American.
We're locked in a codependency, and I don't see it ending well.
We are all ultimately bound by the laws of nature and this supersedes money, politics, governments, opinions etc.
I see crypto-currency, with finite amounts available, as not too different from gold; in the sense that a mathematically-defined discovery process gradually makes more available, much as the mining of gold (or silver, or copper, etc) would do. A key advantage is that it prevents so-called "monetary policy," controlled by parasites, from creating more of it out of thin air.
True. I like Digital currency because it is far more efficient and does not disrupt finite planetary resources and enable a slave trade.