Fiat currency is inherently worthless.

Buy gold, then you'll have something of value

Platinum, not so much

well im not opposed to buying gold

actually i would say buying gold is a good idea

crypto currency was made for secure and anonymous transactions but a bunch of fuckheads thought theyre the new wolves of wallstreet and in turn created a bubble that they themselves eventually burst

get into crypto for security not for profit

nothing wrong with diversifying though

https://www.youtube.com/watch?v=ny59kjNfuZA

Security? In what way?

It’s stupidly volatile

not economic security

And as you add more crypto currencies, the less they're worth

Ah

Like printing money

infosec @Weez

Like in Zimbabwe

There’s a very public record of every transaction to make.

When you ‘cash out’

You need to go to someone

Who will keep a record of your transaction

It’s trackable.

And much more visible than a bank transfer

ofcourse it's trackable, it's an entry on a ledger

Which a government will need a warrant to see

Its too early for me to really have an strong opinion tbh but I think its still too soon to say whether or not bitcoin will really have any sort of viability.

I'm skeptical tho

Compared to Joe Blogs being able to monitor all your transactions

Fidget spinners were also a thing at the same time as the bitcoin boom

Damn dude you right

its trackable in a sense that the FBI can see that **mrbigbootybitches1488** made a purchase on **biganalgrannies.ru** but secure in a way that they dont know who **mrbigbootybitches1488** actually is

Bitcoin price is still on the climb

https://youtu.be/kxjbGrFmS-4

oh my fucking god

Let's trade in fidget spinners

We’re headed to the bubble peak

exactly howard

ayy lmao

Fidget spinners still are a thing amongst children.

Well fidget spinners are a tangible object

You can pass them on

Ah, but just because crypto is virtual.. does not make ot less impactful for the moment.

Most money in the world is virtual.

right now its meh but its a long run thing

Like MMORPG currency?

One might even argue doesn't make crypto any less *real*, even.

exactly

well go digital eventually whether we like it or not

I still plan to buy gold with my superannuation fund

And even USD is "stored" in digital at this point .

med, that's a shit comparison, in game currencies are locked in game, it cant really function as real currency

i mean maybe eve

but other than that

(and that's only because eve people are cray)

True 🤣🤣

People sell MMORPG currencies all the time

im still just pissed that a bunch of people drove up prices for already expensive gfx cards and the prices STILL havent dropped despite the the mining fad stopping a year or so ago

Woo! EVE!

From farmers

Sound familiar?

nah, it's not the same, the supply of those is not limited, and it's accounting is not crowd sourced

@Ferris Real Money Traders are a big problem in MMOs.

it lacked all the important features

Yet they can just create another one

and why would they impact existing ones?

It's not finite

Well, time is a constricting matter.

Because it's a new one and everyone wants to get the newest one while they're cheap

you are saying the creation of another currency would inflate all other currencies?

I'll probably be dead or close to dead by the time we go all digital tbh it'll be awhile.

It does inflate all other currencies

@SageTheory Sooner than you appear to think.

Singularity, soon.

so china printing more money inflates USD?

Making more crypto devalues the rest

SargonCoin when

It's like if there was a surplus of gold

I think Medeyer is aiming at crypto, specifically.

Doesn't matter which mint the gold coins come out of, the increase devalues the whole

So what is all the currency in circulation just going to get sucked up and burned somewhere in the next 10-20 years?

lol

What?

Cash isn't going anywhere anytime soon especially when gov'ts keep printing them.

It's gonna not matter after a certain point.

Cash as a concept isn't gonna go.

Well then it isn't all digital is it?

Just physical as a practical.

Wouldn't mind this turning up t my front door.

https://youtu.be/bGyJiJj0lRQ

reminder to purchase Atoms™, Creation Club Credits™ and BethesdaCoin™

On a less practical note.. man, the 50s was so idealistic for the future.

Sound lucrative

Bars are boring I want my gold in chains only.

No idea about that. Wasn't alive then

Kinda wish I was.

Gold coins are amazing

gold will lose value

I've just watched quite alot about the 50s... so..

Back to the 50s, where aspic was considered a luxury food

end of the day is just a shiny, soft rock that is relatively conductive

Eh.. once we capitalize on space.