Loading ...Bit Coin is a rival for the DOLLAR, not GOLD …
Dont count the Dollar out ! A little weaker is good for GOLD ! I wouldent bet on its demise !
TOO many think with an all or none mentality…What other country would you trust with your money ?
Which communist country ? Which dictatorship ? WE may get a Dollar backed by “Bit COIN” like “Shared Ledger” instead of “Federal Reserve NOTES” to stop the Counterfeiting and deficit spending Politicians are prone to do. WE are a long way from all of that .First we go to GOLD for Stability ,then the shared Ledger ..
Blockchain & Distributed Ledger Technology (DLT) Blockchain is one type of a distributed ledger. Distributed ledgers use independent computers (referred to as nodes) to record, share and synchronize transactions in their respective electronic ledgers (instead of keeping data centralized as in a traditional ledger).
First a Gold Backed Dollar ,then A Blockchain control for the Dollar to stop Politicians deficit spending .
However Political acceptance will only come after out of control inflation scares the Public….Then a Gold and commodity backed Dollar that satisfies ,growers and consumers need for Stability with Blockchain Ledger shared Ledgers for all to see..with NO Central Control.. Thats key ..NO Central Control…
The coming GOLD RUSH will be a doozy ,it may be the Last one once Distributed Ledger takes hold ,but thats a FEW years out while they get it set up..I figure 3 years out…