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One of Several Reasons Why Litecoin, Bitcoin, Digibyte and Other Cryptocurrencies are Superior to Gold
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[quote:Anonymous Coward 79062000:MV80NDQxMTA0XzgwODU1MjgyXzU3QkE3NjIz] [quote:Anonymous Coward 78689630:MV80NDQxMTA0XzgwODU1MDA5X0IzNUYxQ0Q=] [quote:Anonymous Coward 77494715:MV80NDQxMTA0XzgwODU0MDYxX0VCMDhCOTFD] [quote:Blenderizer:MV80NDQxMTA0XzgwODUzODQ2X0Q0OUUyNzND] I don't think so, superiority should be rated based on simplicity coupled with usefulness and reliability. If you own a gold or silver coin and it's in your hot little hand you can use it to exchange for something you need as long as the other party will accept your coin. But with cryptos you have a long list of items that all need to be working before you can even use the coin. Is the power on? Is the internet working? Is the government exercising control over the internet, making the exchange of cryptos impossible? The government can do the same thing with cryptos they did with paper money, just pass laws saying everyone has to use fed coins. These coins can be fabricated at will, there's no limit to how many coins they can create. But there's a limit to the number of gold or silver coins that can be minted. I think you'll see what I'm talking about in the near future as services get unreliable. Just look at the grocery stores, a year ago if I told you that certain products wouldn't be available you'd laugh at me and say go to another store. [/quote] :putin: [b]So much stupidity in this post. The thing can be said for the whole financial system now. The internet has to be on and electricity up. Governments cannot stop crypto because it is totally decentralized. They cannot shut it down. China tried, India tried, they botj gave up. Coins CANNOT be fabricated. There will onmy ever be 84 million Litecoin. There will only ever be 21 million Bitcoin. You cannot counterfeit them. Or create trillions of them out of thin air like they are doing daily with digital US dollars.[/b] [/quote] correct [/quote] :hesright: [/quote]
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Unless you melt your coins are bars down, chances are you've been ripped off...
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link to www.zerohedge.com (secure)
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