• 6 Posts
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Joined 1 year ago
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Cake day: June 12th, 2023

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  • Honestly, no. The only money we’ve had in the past that even compares is when we were actually using gold and silver. The problem with those though is that they cannot be stored or sent digitally without the help of a third party whom you then have to trust. Crypto is the future because it has the same value whether you’re in Caracas or Chicago or London or Moscow. It can be transferred anywhere in the world in seconds and settles within 20 minutes, not three business days or more such as the banking system. It is a bearer asset that nobody can take away from you without force and no government can inflate away and leave you poor.






  • In most cases, it will probably be Monero or Bitcoin, primarily because those are proof of work, which means you actually have to put energy into it if you wish to break it. Keep in mind that once you have any crypto, it is extremely easy to get from that crypto to any crypto you desire. So even if your employer paid you in a crypto you did not like, it would be extremely easy to switch it into the crypto you do like and wish to use. I don’t use Bitcoin for example but I would absolutely take a job that paid me in Bitcoin and then I would immediately take that and convert it into Monero and I would use that and it would take me very little time to do so.


  • I feel it’s speculative something like electricity was speculative in the early days of electricity when people were doing it wrong and burning down their houses and people laughed at electricity like who would ever want that and now we can’t really live without it. I will agree, cash is a bearer asset and untraceable and therefore is very good. The only real problem with cash is that it’s based on the monetary policy of the governmyth that issues it. They make bad decisions and you suffer for it.

    Edit: That and it’s kind of hard to stuff cash bills into my computer and get them to come out on the other side halfway across the world.



  • That’s what multi-signature escrow is for. You deposit money into an account and you have one key. The vendor has one key and a third key is given to an arbitrator and at least two keys must sign the transaction in order for it to be completed. If the vendor sends you your product and you are happy with it, you sign the transaction and the vendor signs the transaction and the vendor gets the money. If the vendor does not send you what you ordered, you talk to the arbitrator and the arbitrator listens to your case and the vendor’s case and makes a decision.