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RE: Why ICO's are bad. Perspective from a former pornstar.

in #dtube6 years ago

Just an over statement really! The ones with much fiat off course is well off, but all the money in existence and more is needed to cover the dept, so every dollar needs to be backed with another dollar that does not exist.

And the dept must be payed back by the citizens of America as the law states.

These two statements could be humorously combined into the fact that every dollar carries another dollar in dept.
But off course, in reality, the dept will be payed equally but the citizens, while money is not distributed equally, so it could be good to have some fiat :)

I vote for gold thou, and if we are being serious, it is time to increase our insurance vs FIAT with hard assets :)

Crypto is just new way to handle dollar transactions, that must be solved, or nothing changes? When the dollar comes crashing we need an alternative, so cryptos are a solid bet, even in THE coin is not here yet!

Peace