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Cash is good, would be even better if it wasn't regulated by the Fed. We need a currency whose value is not determined behind closed doors. Cash is fine as lo
by DamnYuppie 13y ago
Cash is good, would be even better if it wasn't regulated by the Fed. We need a currency whose value is not determined behind closed doors. Cash is fine as long as it is backed by something tangible.
- venomsnake 13y agoDon't mix store of value and medium of exchange. Cash has always been very good medium of exchange except in few rare cases.
- pessimizer 13y agoThe value isn't determined behind closed doors; the strategies that they are going to use to push the value of cash to a desired value are determined behind closed doors. This can be done for any (crypto)currency or commodity, because nobody gets to determine what other people are willing to pay for something, you can just try to make that thing more attractive or less attractive.
- jlgreco 13y agoIf you want to store or transfer your wealth with something backed by something "tangible", you can always trade in commodities.