You are viewing a single comment's thread from:

RE: Financial Education #5: A New Monetary System Is Coming

in LeoFinance5 months ago

This says it all:

When I think of something like bitcoin, I think of how valuable it is: transparent, immutable, borderless, open, programmable sound money. The positives go on and on.

Although I don't think FIAT is going to disappear overnight - the dollar may well collapse completely, and I really feel for the 99% of Americans who aren't protected against that, but I imagine another currency will just take over, or maybe more than one - as the global reserve currencies.

Posted Using LeoFinance Beta

Sort:  

Regardless of what people say about BTC the value proposition of a borderless currency, let alone the other attributes, is really significant.

Of course not, I see COVID happening in the background for another year at least and then we will start to see a rise in spending velocity. This is when the hyperinflation will start. I think this process will take a couple of years at least. Being honest, crypto still needs 3 years plus to get to where it wants to be. I feel sorry for people who are ignorant when it comes to financial and crypto education. That's why I started this series. Please help in spreading the word! Thanks again for the upvote and the comment!

Posted Using LeoFinance Beta

We are still early adopters of course, hardly any of my IRL friends are into crypto - although I've got a few new friends who are showing an interested following a recent move to Portugal - mind you these new friends are hardly 'normal' - I mean people who emigrate are generally more risk tolerant, not that crypto is a risk IMO!

Posted Using LeoFinance Beta

VERY early adopters! Neither, only 1 of my close friends. Hey, I wouldn't mind going to Portugal, the weather in England is gross!

Posted Using LeoFinance Beta

I'll take the weather here in November/ December - it does rain, it can get cold at nights, but it's not sodden in the same way England is - and it can get warm.

I was sunning myself outside today in 15 degrees.

And you get the late harvests - satsumas still on the trees!

Posted Using LeoFinance Beta

Awesome! Are you based in Portugal then too? Yeah it can get pretty miserable from October to March here! Thanks for all the engagement on my posts!

Posted Using LeoFinance Beta

It has been cold some nights, but then again - yesterday it was 16 degrees - I was out running in just one layer and the sun was great!

It's currently raining (gently) but I've got the door open and it's not midday yet.

You want miserable - try Britain in December. No wonder people go so nuts for Christmas, given the weather!

And you get an hour extra light here in Winter a day which is welcome.

Posted Using LeoFinance Beta

You want miserable - try Britain in December.

Try Alberta, Canada, hehe. This morning minus 22 C and snowing.

Posted Using LeoFinance Beta

Fair play.

I couldn't cope with that kind of cold I don't think!

Posted Using LeoFinance Beta

Good Luck!

Posted Using LeoFinance Beta

Awesome! It'll be interesting to see the UK's crypto attitude. If it's unwelcome you could definately see me moving abroad!

Posted Using LeoFinance Beta