You are viewing a single comment's thread from:

RE: Soon You'll Be Wiping Your a$$ With US Dollars!

in LeoFinance3 years ago (edited)

Cryptocurrency will reign supreme provided 2 conditions are met:

  1. Cryptocurrency needs to remain decentralized -- If it gets centralized either because the cryptos did it to themselves or because they were superceded by Central Bank Digital Currencies, then cryptocurrency as we know it is effectively useless;

  2. Electricity keeps flowing -- When the electricity stops flowing and power is out for longer than a few days, cryprocurrency may as well end up in the ether or a black hole; this is why precious metals remain important in this context; even base metals such as copper and nickel would find use in a world without electricity.

As much as I like the potential of cryptocurrency and what it can offer us, we need to be ready for life wihout it.

Posted Using LeoFinance Beta

Sort:  

Yep, great points regarding decentralization and electricity dependency, and those will likely have to be maintained/solved for crypto to reign. That said, what are the chances so many other industries go digital (books, music, taxis, TV, retail, etc.), and somehow finance/cash remains analog? :)

Time will tell! 🙏