Let me start off this article by saying It is certainly no secret that there is a major move into cryptocurrency for many reasons, however, in order for these new stores of wealth to threaten the United States dollar several things would have to happen.
In order for any currency which includes a cryptocurrency to be a real threat to the US dollar, it would need to be a potential reserve currency. What this means is this cryptocurrency would need to be widely held by central banks from all over the world as to pay off international debt obligations. It would also mean that assets such as commodities, including crude oil would need to be priced in that particular cryptocurrency and not dollar-denominated.
In order for A cryptocurrency to ever become a reserve currency, there would need to be a revolution on a global scale, a war if you will against the worlds central banks, (something I personally wish would actually happen).
World central banks power exists in their ability to force their product, debt units, also known as the Fiat currency, upon the masses, and this is not something that world central banks would take lately. Wars have been fought to support the US dollar, and bring it to a reserve status. In fact the entire Vietnam war was fought for two reasons and two reasons only, and neither of them had to do with the spread of communism.
The Vietnam war was fought to 1. Establish a Fiat monetary system, and 2. To establish the petro dollar system therefore vaulting the US dollar to World reserve status. Therefore you can rest assured that world central banks would resist any new reserve currency with and by any means necessary.
The real threats to a government with regard to the use of a cryptocurrency is the governments ability to collect taxes on transactions, and law enforcements ability to fight crime transacted in a said cryptocurrency.
As for a cryptocurrency making it to a reserve status which could actually threaten the United States dollar, I think is a long shot or impossible at best, at least during our lifetimes.
Could I be wrong on this?
Sure, I'm just giving you my best thoughts on this topic however I would love to hear from you so please feel free to comment and resteem this article.
Gregory Mannarino
I do believe it is possible in our lifetime. If we all stay focused on what we are trying to achieve here. STEEM and blockchains I really believe in my heart can change the world. With great Steem Power comes great responsibility. Right now posts are only a few dollars and for us Americans that's great but not life changing yet. STEEM is already changing lives in places like Indonesia and India where 1 USD goes long. The world depends on us. We are all on the same team here. It will be an uphill battle though for sure brother.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Totally agree @thejohalfiles! I really see this platform transforming many lives...Especially in lower income communities...Steemit can certainly be utilized for no-fee transfer remittances...& that's awesome! But, not only just from a monetary standpoint, but also from a censorship free perspective as well...There is great freedom in decentralization...And cryptocurrencies help to achieve this...The rewards aspect is just the icing on the cake:)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Haven't thought about it this way until you mentioned this. Very interesting and well worth supporting!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
nice analysis
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
as long as the us has military bases all around the world, dollar collapse is impossible
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Unless the military is used to bring in a new currency. And what makes you think the military is going to defend our currency? When did that become their job?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
The military is used to protect a country's interests. They will be ordered when necessary to fight, especially to maintain the relevance of the US dollar as the reserve currency. Just imagine what would happen if the US military didn't defend the currency. US dollars outside of the US would return to the US chasing after a limited amount of goods causing hyper inflation because other nations wouldn't need that many US dollars anymore. Also, the soldiers would be highly motivated to fight because by defending the US dollar, they are defending their own finances, they would not want the value of their hard earned money to hyper inflate.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I believe the elite want a new one world currency. It would be easier for them to control. The 2018 cover of the Economist Magazine showed a phoenix rising from the ashes of burning dollars. A gold coin was around the neck. I do not see the military defending our dollar. The dollar had depreciated in value since the Federal Reserve took over our currency. It is worthless. You would be better off in silver and gold.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I agree with you on us being better off by converting our dollars into precious metals because the dollar is constantly depreciating in value over time, and one day the US dollar may be replaced because of this depreciation, with precious metals we'll be able to convert it into the new currency if need be. However, I do believe the replacement of the US dollar (in terms of the currency used in the US) will be another fiat currency, unless US citizens completely oppose it and strongly support an alternative for it. Regarding the one world currency, I'm quite skeptical of it, as elites of other countries would have trouble surrendering control of their country to the elites of the US.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Blockchains could end up saving the USD some how. - or some form of it....time will tell.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Bitcoin or any crypto not controlled by the deep sate will never become the worlds reserve currency however that does not mean they are not a severe threat to the US dollar. Most likely we will see a fedcoin issued by the US and other countries are looking into their own centralized electronic blockchain based private currencies or perhaps we will see beastmarkcoin as a world currency (hehe) whereby govts track ,monitor,tax and confiscate everyones money at will,but even with that there will exist the underground cryptocurrencies that can never be stopped and as more billions pour into crypto that is less in dollars that the banksters can profit from so crypto as a hedge against toilet paper money and as a currency in and of itself is a huge threat to the dollar. Why buy airline tickets with dollars when I can use bitcoin? Why do we need dollars very often when more and more hundreds of thousands of stores accept crypto and you can be paid in crypto? Can you see how the dollar is getting squeezed here? I welcome the day.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Dreamer
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
This is interesting. Im just learning about it.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Me to
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Awesome Platform!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Check out another view of the precious metals complex moving forward.
Dont forget to upvote :)!
https://steemit.com/silver/@sjovmaiin/gold-silver-and-the-correlation-to-oil-and-the-us-dollar
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
New to STEEM, good post.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I think cryptocurrency could be a reserve currency in the way gold currently is. Gold does not officially back our currency, but every central bank holds some for several good reasons. It is a store of wealth, it is rare, and it doesn't decay. Bitcoin fits that perfectly.
The only possibility that it will not work as an unofficial reserve currency like gold, is that there is really nothing stopping competitors from creating a better bitcoin. The market will eventually be flooded with all kinds of coins. And which one to hold to ensure the value stays steady? This is the advantage that gold holds, no new element is going to pop up and replace it. All of physics stands against something like that happening.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
A lot of people are trying to say bitcoin will replace gold or gold is the only way to preserve your wealth...why not have both and diversify. Decide what your ratio will be and go by that. I like both and have put money into both. No need to go all in to one or the other. Anyway, my 2 cents.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
yea but i'm seriously thinking about selling my stagnant gold for a better performer that is subject to much less manipulation.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
VERY TRUE stevenw4455! I got both & SILVER (the real one ---> physical!) you will never know exactly the future that's the reason you MUST diversify in real money (not fiat based currency assets)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Silver all the way
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Cryptocurrency will trump any gold back government issued currency. Would anyone trust any government that claims they will back their currency with actual gold if they don't allow people to redeem their paper for the physical metal? The problem with gold and silver are that their markets are heavily manipulated. People won't ever trust this kind of market. Gold and silver will survive as stores of value outside of the system only to dodge taxes. Goldmoney will increase in popularity, but people will be sick that the value of their gold remains heavily manipulated to the downside and will be left wondering: when will this increase relative to the amount of paper actually printed? Because of this, they will pour into cryptos when the next crisis happens. Crypto will survive with tiers: premium coins for people that got in very early, mid grade coins, and low tier coins for very late market entrants.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
It's hard for me to imagine not having something tangible in my pocket for currency. Yes, the idea of a digital currency is "more convenient" but only with tech. and let's not forget electricity. Seems like in today's world there is an abundance of both. It wasn't long ago when there was neither. I remember 5 to 10 years ago seeing a commercial on the idiot box of a man in a trench coat who looked somewhat suspect entering a grocery store. He traversed the isles putting random items inside the coat and in his pockets all the while being spotted by baffled onlookers. When he was finished loading up he headed for the door bypassing the checkout but momentarily stopping at the door before crossing the "out" thresh hold. He stopped where the automatic door was, looked up at the camera, smiled and then walked out setting off no alarms for what we all assumed would be theft. All we heard was a ding. Apparently this commercial was geared toward the chip system whether in card form or an actual body chip I don't know. This was introducing back then the idea of a cashless society by use of a chip, I assume, within the realm of digital currency. I remember seeing this add a few more times through a period of about six months and then POOF it was gone and I've never seen it since. I'm not against digital currencies and am exploring them more and more but I do like the idea of a "real item" in hand so to speak. Thanks Mr. Mannarino and as we say now... "Steem on"! Thoughts?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I love the idea of having things in my hand that her physical as well I don't like the idea of digital currency's nor do I like the idea of Fiat currency's I like the idea of real money in my hand like gold and silver.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Having it in your hand is wonderful. It is not trackable, taxable or verifiable. It is yours. You are only taxed once on a pair of blue jeans when we buy them. Then why are we taxed over and over and over on our homes, our money and everything else. Physical is good as is prepper provisions. People are the greatest investment.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I think I agree with that for the most part . However what do you mean by people are the best investments ?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
In a doomsday situation you can have food, water, metals, guns etc. but having a community of folks you can trust, barter with and help each other is priceless. The time you spend in establishing relationships with others is invaluable. The payoff will be worth the time spent.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I couldn't have said it better! Bravo!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Same here. I have as I've gotten older and started a family of my own I've realized the importance of being diversified. I for to many years was stubborn and had all my eggs in one basket so to speak. I remember watching the last market meltdown. I think it ended up at 6400 or 6600 on the DOW. I started watching kramer on the idiot box everyday and tried my best back then to figure out the market listening to him. Time went on, I had ample time to invest, and I learned a ton from that period in my life but I never invested. Looking back not long ago I realized what missed out on. No worries though, to live is to learn. The same pattern repeats time and time again. I won't miss that boat again.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I agree but I could also see a day when you don't care about having physical, just have on your cell phone will be fine.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Sounds like youre open to it so just keep resurching and you will get much more comfortable with it. Its the opposite of the beast system, imo.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
true, I own physical gold & silver been stacking not long ago but I started to buy crypo currencies last month not much (actually I'm living in Mexico & there isn't many option for now) some ethers... I recall 1997 first & 2001 after the crisis when I was dubious about buying amazon or ebay and finally didn't buy them... I think this is a new chance... and opportunities like this are scarce in life. God bless =)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I believe an awakening is coming especially with the 25 year old age group. Most people haven't figured out what is wrong yet but many eventually will. The masses will start paying attention to things and turn off dancing with the stars out of necessity. It could happen faster than many think. Stay tuned.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks Gregory for the Steemit recommendation! I had not heard of it before you mentioned it. I follow you everyday!!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
The dollar we remain propped up until they decide to decouple it from oil. In order for that to happen there would need to be something incredible to happen that would break up the US relationship with the Saudi kingdom... I just don't see that happening any time soon.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I followed you over here after I found you on tubeboobs, thank you for your referral. Could these digital currencies every become such a threat that the Internet could by hijacked, turned off or so controlled that they become worthless? Are we not to believe that there is no back door whereby someone could make a real mess of things and destroy confidence ? Thanks for all you do and I do hope this platform pays off for you in a big way.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
If they shut down the internet its war. full blown war.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Ripple in my opinion is central banking 2.0.....whoever has control over the network has the power. No-one sensible will touch a banker launched crypto unless it is proven to have been built upon the same ethos (of freedom) as many of those that already exist....in which case, good on them (very unlikely.)
A new reserve could certainly arise, and quickly....the debt in the FIAT system collapses and for a time there will be no single reserve (quite disruptive for global trade I should imagine.) Then people will begin to settle upon what they trust as a reserve....it is unlikely to be whatever is offered by the bankers. Crypto could very easily become a reserve....though I don't think it will be Bitcoin. Necessity will speed things along though I would add the game has changed.....the world may settle on a multi-reserve world. If all the reserves are equally marvelous, then why not?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I like what you have said here, it is the truth and what we need to see more of, most importantly we need to get rid of the central banks. Using steemit is the first step as well as not supporting any of the centralized social media with the one exception of recruitment. I also block every advertisement I see when using the centralized social media.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Very strong points to keep from this article when to consider If a cryptocurrency can become a reserve currency. I wish it happens sooner than later (but without government central banks control).
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I just don't see how you can keep anything decentralized if a government wants to centralize it. They will spend a lot of tax payer money and use their power to seize control of it. I see it as a way to make money now, but to be wary and actively manage it.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I agree @stevenw4455.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
ether is the currency/fuel of Ethereum blockchain platform. many new apps/technologies are being built on Ethereum platform and there are so much potential out there. I am just not sure about the Bitcoin. it has some features of currency but not all. that was my thought.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
have a look at Nexus Earth guys. It is so far the best crypto out there for several reasons. Mainly because it is truly decentralised and it is betting against bitcoin, which as we all know is another experiment from central banks to keep us under control....it's sad but it's true, cryptos are just another way to keep people enslaved :( :(
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
What is the future of Bitcoin and Ether?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Crypto is a new paradigm all together. Fighting the old system, may not be necessary, if the majority of the world eventually turn to crypto. It will be the largest "black market" in the world and eventually make the old one look jurassic and obsolete !!! At least the banksters and the state will have to really pull out the guns to force the slaves to use their debt based ponzi scheme
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Will an independent crypto become a reserve currency in the next 100 years? My answer is I don't think so. But will a central bank put their currency on a blockchain? Yea I could see that, here is a story about the royal chinese mint
https://medium.com/@andrewkeys_88339/ethereum-growing-exponentially-in-china-31f1d24c8ee9
Could one of these central bank backed crypto's be a reserve currency? If they choose to, definitely.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Big fan here Greg, just started my account after watching the video you posted.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Glad to see you here!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
thanks!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
YW
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks for the informative post.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations @marketreport!
Your post was mentioned in my hit parade in the following category:
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Cryptocurrency is a wonderful alternative to the dollar as Greg states. It also offers an digital alternative to silver and gold. However what happens when they turn off the internet? How will we get to those digital currencies then? Also is this a quiet step to move us to a one world currency? I will definitely have some crypto on hand but feel the need to diversify. Thanks Greg. You Rock!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Two Presidents said the exact same thing Eisenhower final speech on the military industrial complex and Thomas Jefferson about private central banks.
"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered.... I believe that banking institutions are more dangerous to our liberties than standing armies.... The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thank Gregory, signed up becasue of you. FIRST comment.... have a blessed day.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I´m happy to see you on Steemit too =) Following you on YT for a while already
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Glad to be here. Thank you!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Great Video Greg!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Just signed in. Thank you
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I have just one thing to say! "Become your own central bank!!!!" This quote was taken from the man himself G.M.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I think crypto currencies will be a temporary fix while fiat currencies eventually will be replaced with gold and silver.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
They need something digital. Gold and silver are not trackable and not part of their master plan.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I agree. Only a gold back crypto could pull off reserve status.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
there are actually gold backed cryptos right now but they are not really better than just holding gold in a normal vaulting system.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Totally agree.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks for introducing me to Steem Greg, I'll support you here!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I just followed everyon on this chain. We should all do the same and capitalize on this unique opportunity.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Greg, you and I and a lot of folks know the fiat USD at some point will crash!!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Great post greg. I really appreciate all the work you do on the the market.....keep up the good work
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Although it sounds good in theory, I feel like cryptocurrency will only detract attention and value from real money, physical gold and silver. Unfortunately, we are seeing people put life savings on Bitcoin. Why didn't they do that for gold or silver? They believe it is manipulated but fail to realize if they vote with their pockets, ultimately the people will break the banks monopoly on precious metals. By, not supporting real money, it helps to keep the bankers in control.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Yo, Gregory Mannarino, I got an offer you can't refuse. Stack silver, ditch dollars.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I can see the Central intelligence agency using crypto currency in the narcotics trade. Keeping activities off the books. I feel that is why governments are not going after crypto currency.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Greg, I have enjoyed your YouTube videos and I'm glad to see you on Steemit. I agree with your article and would even go so far as to say that if cryptocurrencies ever start to become a real threat to the dollar, the government will do something to suppress the price like it has done with precious metals.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I think we dont have to threaten united states dollar because cryptocurrencies is dependent to it. If US dollar loses value, all cryptocurrencies will go down together with it. What makes crypto beautiful is due to the value of USD, without the dollar value every coin is just as is.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
If this is true then I'm not very bullish on crypto currency's because I am one of those people believe that the United States dollar will eventually go away .
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
This is just my opinion and none of it is proven. I just thought about it since currently the value of US dollars makes crypto beautiful. If no US dollar how can we identify the price of bitcoin and all other crypto currencies?
But if time come that crypto currencies will turn to be the current fiat currency network, then bitcoin will then be the US dollar which makes all crypto dependent to it. But until then, it not good to hurt US dollar.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Well the US dollar is in for a world of hurt long-term .
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I'm a little new at the hole cryptocurrency movement but do i think it will ever replace the doller no maybe smaller countries might try it but it still has to be backed by something i would think. As far as the US using to replace the doller what power would they have using it or power over other countries. The US would definitely have to have there own so they can control its value in that case they would destroy its value in the long run like everything else. Gold and silver at the end.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks Greg!!!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
You are welcome ; )
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
When are they going to make this illegal? I cant see Gov'ts of the world allowing this to happen.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Hey Gregory, like milk to a baby, for any cryptcurr. to transition continually to mainstream, it would seem that liquidity, ease of use, recognition and acceptance of value are key.
TY. for your continued exposure to these burgeoning transaction platforms.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Hi Greg,
I have been following you for years and as a result I have much physical silver in my possession. I have been investing in the cryptos for three years now and I'm gratified that one by one (Bix Weir, Andy Hoffman, and now you) the big guys in the PM space are seeing the value in cryptos. PM and cryptos are not in competition with each other but together have the potential to take down the criminal bankers!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
You are very wise.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Hi Gregory, I set up my steemit account. Thank you great idea! Kc
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Hi! Glad you are here. I truly believe Steemit is the place to be.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Hi Gregory, I made this the other day and posted on steemit on one of your articles. Not sure if you saw, if so I thought you would have at least given it an upvote. I stated that if you liked it you could use it as you please. Just a way to say thank you for your time and knowledge. What do you think about providing Steemit community design collateral in exchange for Steemit currency?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I did not see this until now, it is awesome!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Try it out and let me know if I need to resize it. The image is set up for desk top youtube banner. Let me know, it is my pleasure to give back.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
yes they are crypto is a total threat...first they got the young generation hook on debit cards instead of cash....these kids will walk off a cliff if told to do so yelling bahh bahhh all the way down!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks Gregory M. For informing me about this site. So far STEEMIT.COM seems like a great site Im so glad u told me to about it. Thanks again I followed u over here from YouTube so I really hope this site works out so we can tell YouTube to stick their site where tge SUN DONT SHINE for all evil they do by PROMOTING THEIR GLOBALIST NWO AGENDA, ESPECIALLY THE WAY THEY FORCED IT UPON US NO MATTER HIW MUCH HARM IT CAUSES. WE NEED TO COME TOGETHER AN FIND AWAY TO PUT THEM DOWN AN KEEP THEM THEIR UNTIL THEY GET TO SUFFER FROM ALL THEIR DECISIONS AN THE RAMIFICATIONS FROM THEM. I hope everyone will support Greg.M for all the selfless work an KNOWLEDGE he has given to all of us For FREE.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Great Work Greg, Ive been following your work for a few years now. Time for me to join the Steemit community so hear I am!!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Cryptocurrency is a new step for me. I believe however that the future will be huge. Just become your own central banker and by silver every month.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Great thoughts, Greg. What we are witnessing now with the ascent of cryptocurrencies is a burgeoning center of economic gravity that in time will grow inexorably stronger. We have actually experienced numerous movements like this throughout history. Take Gutenberg's invention of the movable-type printing press as an example. This invention led to the democratization of political and religious thought in Europe and gave birth to social and political orders that we are still experiencing. It led to the overthrow of the hegemony of the Catholic Church and gave birth to the reformation. I believe decentralized cryptocurrencies will also eventually exercise this same power of dislocation and "reformation." However, I agree that the current establishment will die slowly.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
God bless you Greg.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks Gregory for the Steemit recommendation. Very informative post
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I think that central banks are going to so badly debase fiat currencies in comparison to crypto-currency that governments are going to be forced to either return to some kind of metal backing to give their garbage worth, or do away with the central bank model all together and begin to issue debt free government currency. We win if we can keep this up! Crypto-currency is going to force the hand of government. Especially in light of the fact that probably within 1 year, we will have nearly instant transactions with LTC and probably BTC down the line. Paired together they won't be stopped.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
It's catching; cryptos. Interestingly they are more real than fiat currency for the most part inflation is very limited (not talking about you Ripple). And being decentralized market forces are better able to set value. For day to day groceries, and garage sales nothing would beat gold or silver. However nothing beats having a 'wallet in the sky' when you're traveling. Plus you can and should put your cryptocash in a wallet off exchange...no matter how full this wallet it will fit nicely in your pocket.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks for the personal invitation to join SteemIt.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I find it unlikely that any of today's crypto's make it to that status. What I would say though is don't ever forget the core principle of fiat and it probably applies to crypto too, the money is worth what you can get for it. In the case of the dollar keep an eye on laws permitting gold/silver/other as currency(like Utah) and how much they are used instead of the dollar. When I first saw bullion dealers accepting Bitcoin it became obvious it was going places, but the next world reserve currency? I would bet it will be chosen based on how the last one died, something that wont share its fate.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
BTC breached 1700 Dollars, a milestone, but I believe we gonna have some correction pretty soon. You might switch to Precious metals wait for the correction and buy some more later at lower prices. I believe cryptocurrencies have some future purpose combined with a gold/silver backing. If it stays only digital it will never replace peoples money. People need to have something physical attached to it, so they don't can turn it "off"
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Any crypto bug should become a gold or silver bug !
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
A war would be fought, i agree. it would be done digitally as cryptocurrencies en-mass greater capitalization in the coming years. So the dollar should watch out.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks for the insight . I also think you and congratulate you for keeping it short and simple .
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thank you!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Just now getting into Steemit. Thanks for informing me.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks for the invitation to Steemit Greg. Love your articles and videos! Hope to be able to help support you here! jbcoin
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
All social media platforms started vey freely ( meaning you can post anything) in the beginning. But in the end, if they are popular, they will end up being like facebook. The government will interfere. The establishment will rein them in.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Just signed in. Thank you
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Glad you are here.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
It's true that the bank will not surrender their monopoly of fiat currency. But what if average people choose to dump the dollars and use cryptocurrency instead? Would the effect be big enough to end the dollars?
Thank you for your daily videos.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
what up gregory i am here and i dont know what to do on this site, sort of hard to navigate and figure out what the hell is actually going on over here in steemit.. how do i make posts! i cant figure out this damn platform, but im here on ur advice!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thank you!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I am glad you are here!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
hey Gregorgy, If u get the chance check out the first thing I posted, I think you might like the title lol
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Anything can happen.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Good read Greg! well I'm hoping this 2017 we will find the answer... We really don't know the future but we know this fiat currencies - debt&debtors creating central banks system will eventually collapse, more sooner than later for sure!! Gog bless. =)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Man! not a single picture to illustrate your point and yet you are able to lure the attention of a Gen Y by the hook, line and sinker. Great writing and food for thought!
I think perhaps it may be too ambitious to think about dethroning the fiat currency right now, after it's not really Satoshi Nakamoto's goal in the first place. Maybe it will, but it wont happen in a show of force. Rather, i believe as of now, what Bitcoin and cryptocurrencies in general can do and is doing now is to offer an alternative to the store and exchange of value. And naturally, as fiat currency inevitably falls like it always do since the days of John Law, rather than going through a period of economic panic, people will ultimately switch to the better choice and make fiat obsolete. And who know, rather than a coup de force, it'll be a coup de grace. Perhaps a new currency of even Bitcoin version 1.0 rises from the ash.
One can dream right?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks Greg.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks Greg, looking forward to seeing your content here rather than that other place.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Greg, awesome to see you on here! I only use YouTube and Twitter for real news and your market updates and its great to see that you are moving all of your informative information onto the Steemit platform.
Well said in your post, you break the whole situation down so well that many ordinary people with no financial knowledge can understand the insane system that we are all trapped in here.
For me I love to invest in crypto! Some of the projects that are in the works are just incredible and really this year can see once in a life time opportunities to invest in these projects when most of the world does not have a clue about them.
I am sick of being forced to play in the elites financial system and I am putting my money where my mouth is and being the change that I want to see in this world.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Good!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
With the notional derivative total standing near 1 quadrillion, the debt based model will eat itself eventually. When the central bankers come up with some new form easing or Fiat slaughter house such as the SDR maybe the revolution will occur. Once people are hurt in the pocket book action takes place.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Glad to see you made it over here Greg!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
My thought is your premise of crypto's pathology of becoming a reserve currency is incorrect. It already is a reserve currency. The 'Fed-Banks' paradigm creates trust, which allows for the strongest of such a system (the USD, for example) to reign as the dominant reserve currency. Crypto works differently. It does not require the same trust mechanism because it is a stand-alone decentralized consensus software protocol. Therefore, the centralization that is the necessary mechanism of generating trust (FED/banks/wars) has been eliminated. Therefore crypto is a reserve currency mechanism by default. It simply replaces an outdated mechanism (the need to generate trust). Attempting to force fit old model pathologies, into a new system is somewhat nonsensical. It would be akin to defending breeding a faster horse after you saw the world's first automobile. What you're doing is demonstrating how a new fiat currency would become a reserve currency, not a new type of currency itself.
Most of what you're actually discussing is the forward looking and enigmatic theater of future crypto adoption, which at this point is largely inevitable, but will obviously also be chaotic and unpredictable. The good news is you do not need "revolution on a global scale" in order for crypto to become a "reserve currency" (a personal comment, you should never hope for war, IMO). You would need a global revolution to stop it, however.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks Greg, helping us find steemit!
i think this is going to be a beautiful relationship!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Greg, thank you for the redirect to Steemit. I follow you on YouTube and really appreciate your guidance. Look forward to your posts daily.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I think that cryptocurrencies have some risks that other things don't have. These currencies are highly dependent on the internet to function. I think there is a place for easy transaction with these, but I still like hard assets that I can hold.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Cool idea, found it on YT channel. Let's see if this thing works well :D
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I think you are on track ! I can only see it at this time being the "People's" money but I sure hope that it could be held by reserve banks sometime in the future.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thank You for sharing your knowledge!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thank you!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Greg, found you. Hope Saturday Greg comes too. For me, btc is a big gamble. But so is fiat.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Glad you are here.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Haven't thought about it this way until you mentioned this. Very interesting and well worth supporting! Thank you! Thank you!!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Hi Gregory, I'm here because you told me about this steemit from your youtube video or else I wouldn't even know about this site. Yes, I agree that cryptocurrency is a long shot from threatening the US dollar. When I can go to any store and buy food, and also when I can go to any gas station and buy gas with a cryptocurrency then maybe it can threaten the US dollar. It does sound good to have some cryptocurrency just in case the money fails as in biblical times. Keep all options open, cash, gold, silver, cryptocurrency, food, water and bartering skills.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
A mad rush into crypto like bitcoin could certainly upset the balance of power, in that it would threaten the US dollar as the world's reserve currency.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Why are governments not trying to impede the cryptocurrencies if they have such vast potential to dethrone the monetary system? Perhaps they are just waiting for the right time so they can confiscate as much as possible as more and more folks buy in.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Can we subscribe to receive notifications of all your articles?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
i certainly hope so.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Been following you for five years and came here by ur suggestion try. Keep up the good work
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
It's amazing how the average person just doesn't care about this stuff. They just go on living their lives. They just go out taking loans to get as much stuff as they want. They don't see that they are part of the problem with the national debt. They wander around Walmart with your EBT cards and just get obese and they are happy.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I followed your link on Facebook, Yay you will be my first Resteem
edit : oops doesn't look like I can :(
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Hi Gregory,
Thanks for the insights. A lot of ALT media commentators are talking about a global financial monetary reset at this moment. Mike Maloney, Bix Wier and Jim Richards among others. I am not sure if you are familiar with Bix Wier. His roadtoroota work is very well researched and thoughtout. Not convinced it is all true but given how corrupt and crime ridden the global central banking system is and has been for decades, it would not surprise me in the least. Im not going into detail here on this suffice to say that the end game is to destroy the current debt based system and return us to a new gold backed global currency. See cover of 1988 Economist magazine which "predicts" this. (Given The Economist is owned and controlled by the Rothschilds i use the term "predict"loosely). I would be interested in your take on all of this.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Hey Gregory. I have been following you on youtube and suggest others do the same. This Crypto currency thing is blowing up.Amanda B. Johnson is amazing to listen to on these topics.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
so I signed up... not very intuitive to find just your posts but whatever :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Glad you are here!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Greg....thank you for you perspective on this bigger picture of cryptos place on the world stage.
Been watching your youtube channel for quite sometime now and your insights have influenced how I save and invest what little I have been able to....Thank you
I think that many folks today are frustrated and at some what of a loss when it comes to having something they can feel good about to resist central banks and the elites that endever to keep the average person enslaved in this fiat based ponzi scheme. We often hear people say what can we do? Well as you and others have said gold and and silver.
I think every time someone trades their worthless debt based currency for so much as one pre 1964 dime they are working against that system which is giving people a weapon of sorts to resisit. And now Bitcoin and altcoins can be added to that arsenal. It gives hope to those that formally felt hopeless. A grow movement that could quite possibly have those elites looking over their shoulders.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks for bringing me here Gregory.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Honestly Greg I see one of the great obstacles for Cryptocurrencies gaining Global Reserve standard is that they are very network and technology specific. There are still massive areas of the world, with a large population base, where people subsist on very little and a smart phone or internet access isn't an overly common item (rural India, much of Africa, ect.). Also, though there is an industry front runner (Bitcoin), with what little I know I could see there being constant new competition pushing the industry leader with feature advancements that early entrants wouldn't possess. I don't know how easy it would be for established Cryptocurrencies to alter their offering and keep up with functionality/security enhancements. I'm sure there are some knowledgeable people here who might be able to expand on this. :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
G'day Gregory, I've come over to Steemit on your recommendation. I always enjoy watching your videos first thing in the morning in Australia because they are informative and educational.
From all the information I've learnt from you and other similar non-mainstream media in recent months, it seems to me that Bitcoin will be a major currency in the future with China's and other countries interest in it and their probable move away from the US Dollar as the world's trading currency.
Thanks.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
You are welcome.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Hey Greg this looks like a very unique and cool platform. Thanks for all the advice and insight into the workings of the markets. Now a new member of steemit.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Hi Greg, Thanks for this new idea! Also, do you remember years ago when we could buy & sell things with "e-gold" using real gold or other precious metals? Worked well.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Well, I took your advice Greg and joined steemit. Haven't got a clue how crypto currencies work (a bit thick regarding this kind of stuff, old school), but hey, there are plenty of search engines out there! You are a rare breed Greg, you come across as a genuine nice fella. It's nice to be nice, a smile costs nothing. Keep up the good work :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks Greg! I am an anonymous listener of your who REALLY likes your show and eagerly awaits your daily videos. I appreciate you introducing me to steam it. I love you man. KEEP UP THE GREAT WORK!!!!!!!!!!!!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit