The article is correct about fiat. And misses huge problems inherent with crypto currency. It's almost as if jews were desperately trying to steer us away from tangible money.
- Crypto requires a complex network infrastructure that is easy to knock offline.
- AI is already rumored to be able to crack cryptographic algorithms like block chains.
- Quantum computers may make crypto currency a failed store of wealth.
- Governments probably have the computational power to double spend and or track people's transactions without their being aware.
I believe there's a false sense of security with crypto currency. Furthermore, storing crypto in wallets you don't own is downright dangerous. Add to this problem that all your computing devices are very likely compromised by big government, I don't trust it one little bit.
The only thing I'd be willing to do with crypto is make small transactions where it's expensive or hard to do otherwise.
In short, there is no substitute for hard, tangible currency. But knock yourself out using crypto.
Crypto requires a complex network infrastructure that is easy to knock offline.
Could you elaborate upon that?
AI is already rumored to be able to crack cryptographic algorithms like block chains.
If this were the case, someone would crack Satoshi's BTC. It hasnt happened, ergo it's FUD.
Quantum computers may make crypto currency a failed store of wealth
So may a civilization ending solar flare. Which has yet to occur.
Governments probably have the computational power to double spend and or track people's transactions without their being aware.
51% attacks can't be cost effective because purchasing that much computational power would require incredibly long lead times and be very obvious, plunging the asset value to zero before you can steal it.
Furthermore, storing crypto in wallets you don't own is downright dangerous
I concur, it's risky. Granted, the same risk applies to bank accounts.
Quantum computers may make crypto currency a failed store of wealth.
The fact identical rabid replies to this fact exists, confirming a scripted, coordinated response, says everything. The usual replies always declare QC never pose risk to digital currencies. Which immediately tells me they are literally retarded or a shill.
Additionally, contrary to public opinion, block chain is not inherently secure. As with most security is only as secure as the devices and infrastructure which creates it. As the entire chain cannot be secured at generation, it becomes a simple equation of chain of trust.
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