Smart Bitcoin Strategies To Accumulate Gold Bullion

What do you say to that? Ouch. Does this prove that the naysayers calling it a Ponzi Scheme were right? Can they get the last laugh, or is this just an expected evolutionary process of disruption as all the kinks are worked out? Well, consider this thought experiment I’d.

Let’s say there was hanky-panky involved, let’s say somebody hacked the system or stole the electronic money. Right now, digital currency flies beneath the radar since it is not recognized even with all the new Too Big To Fail regulations on banks, etc.. How can a digital money have worth? Hard to say, how can a fancily printed piece of paper marked $20 be worth anything, it’s not, but it’s worth what it represents if most of us agree to this and have confidence in the currency. What is the difference, it’s a matter of trust right?

Alright so, let us say that the regulators, FBI, or another branch of government complies and files charges – if they file criminal charges that someone defrauded someone else then just how much defrauding was demanded? If the government law and justice department put a dollar amount number to that, they’re inadvertently agreeing that the digital money is actual, and it’s a value, thus, acknowledging it. If they don’t get involved, then any fraud that may or may not have happened sets the whole concept back a ways, and the media will continue to drive down the confidence of all digital or crypto-currencies.

So, it is a catch-22 for the authorities, regulators, and enforcement folks, and they cannot look the other way or deny that this trend any longer. Could it be time for regulations. Well, I personally despise regulation, but isn’t this how it usually starts. Once it’s controlled credibility is given to the concept, but his electronic money theory could also undermine the entire One World Currency strategy or even the US Dollar (Petro-Dollar) paradigm, also there could be hell to pay for that as well. Can the global economy handle that level of disruption? Stay tuned, I guess we will see.
In the meantime, what happens next will either make or break this new change in how we view monetary value, riches, online transactions and the way the real world will mind-meld to our future blurred reality. I just don’t see many people believing here, but everyone needs to, 1 misstep and we could all be in a world of hurt – all of humankind that is. Please think about all of this and think on it. crypto genius is such a wide field of study, and you do have to decide which of the overall pieces of the puzzle are more relevant to you. But in the end you are the only individual who can correctly make that call. As you know, there is even more to the story than what is available here. Continue reading to discover even more, and what we will do is add a few more important topics and recommendations for you to consider. We believe you will find them highly relevant to your overall goals, plus there is even more.

Bitcoin is further away from being The numeraire; not just can it be a number, much as Fiat… but its value is measured in Fiat! Even though Bitcoin becomes internationally recognized as a medium of exchange, and even if it succeeds to replace the Dollar as the approved ‘numeraire’, it can not have an intrinsic measure like Gold has. Gold is exceptional in being quantified by a true, unchanging physical quantity. Gold is unique in preserving worth for centuries. Nothing else in reach of humanity has this exceptional combination of attributes.

In conclusion, while Bitcoin has A few advantages over Fiat, namely anonymity and decentralization, it fails in its own claim to being cash. Its advantages will also be questionable; the intent is to restrict the ‘mining’ of Bitcoins to 26,000,000 units; this is the ‘mining’ algorithm makes harder and harder to solve, then hopeless after the 26 million Bitcoins are mined. Unfortunately, this announcement could very well be the death knell of Bitcoin; currently, a few central banks have announced that Bitcoins may become a ‘reservable’ currency.

Wow, sounds like a major measure for Bitcoin, does it not? After all, the ‘big banks’ appear to be accepting the legitimate worth of this Bitcoin, no? This actually means is banks recognize that they might exchange Fiat to get Bitcoins… and also to actually buy up the 26 million Bitcoins projected would cost a meagre 26 Billion Fiat Dollars. Twenty six billion Dollars isn’t even small change to the Fiat printers; it is roughly a week’s worth of printing by the US Fed alone. And, once the Bitcoins purchased and locked up at the Fed’s ‘wallet’… what useful purpose could they serve?

There would be no Bitcoins left Circulation; a perfect corner. If there are no Bitcoins in circulation, how on Earth can they be applied as a medium of exchange? And, what would the issuers of Bitcoin possibly do to defend against such a fate? Change the algorithm and boost the 26 million to… 52 million? To 104 million? Combine the Fiat print parade? But , by the quantity theory of money, Bitcoin would begin to lose value, as Fiat supposedly loses value through ‘over-printing’…

We come into the main issue; why search For a ‘new money’ when we have the very best cash, Gold? Fear of Gold confiscation? Deficiency of anonymity from an intrusive government? Brutal taxation? Fiat money legal tender legislation? All the above. The answer isn’t in a new form of money, but in a new social structure, one without Fiat, with no Government spying, without drones and swat teams… without IRS, border guards, TSA thugs… on and on. A world of independence not tyranny. Once this is achieved, Gold will restart its early and vital role as fair money… and not a moment before.

Rudy J. Fritsch was born in Hungary In 1947, and fled Socialist tyranny throughout the Hungarian Revolution of 1956. His family had lived through WWII and the resultant Hungarian hyperinflation, thus he’s intimate encounter with financial destruction.

As an engineer and engineer, he Ran a thriving family business in Canada for decades, at its peak employing over 100 workers, until economic upheaval destroyed the sustainability of North American manufacturing. Driven from business, he decided to study economics… to detect the origin of this unhappy circumstance.

The halving occurs when the Amount of ‘Bitcoins’ awarded to miners after their successful creation of the new block is cut in half. Thus, this phenomenon will cut the awarded ‘Bitcoins’ from 25 coins to 12.5. It is not a new thing, however it does have a lasting impact and it isn’t yet known whether it’s good or bad for ‘Bitcoin’.

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