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

in LeoFinance3 years 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.

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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!

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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!

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

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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!

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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!

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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.

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You want miserable - try Britain in December.

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

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

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