Bitcoin as "Digital Gold?"

in steempress •  5 years ago 


I love this Tweet from Cameron Winklevoss.

This is profound. Today we are facing a new way of dealing with money.

The old way of using only government-backed fiat currencies (like the US Dollar, the Euro, Japanese Yen, etc.) is based on hope that the government will still back it at some point in the future when you need it.

That's not working out well for those in Venezuela with the Bolivar. It also is not working as well with the Peso in Argentina. How about Cyprus?

Cryptocurrencies like Bitcoin, Bitcoin Cash, Dash, and other forms of "digital gold" provide hope for now and into the future. They are based on mathematics, which is much more reliable, and less volatile than capricious fiscal and monetary decisions by central banks and politicians.

Get to know Cryptocurrencies. Bitcoin is the leading coin and has a lot of backing world-wide. It is worth investing time and energy to learn about it.

Thank you for stopping by.

Terry

Terry L. Brock, MBA, CSP, CPAE
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Posted from my blog with SteemPress : http://terrybrock.com/2019/08/28/bitcoin-as-digital-gold/

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I always appreciate your professional opinion. I can agree that we cannot really rely on governments to keep their word or to trust them with financial security (ies). Financial freedom is a result of financial literacy and open markets.

Yep! We are in agreement on that. Very important to embrace digital. Thank you for your help and comments.