Friday, April 24, 2020

Digital Dollar

The United States dollar is dead as we know it. Credit cards reduce spending limits; savings accounts have no withdrawal limits. Our government is currently putting a bandage on its vertical slit wrist. Many people will join American's economic grave. The greatest depression is manifesting before our eyes.

The world is always changing because we are consistently improving our perception of reality. Yet, with each advancement comes a new battle. We have reached heights as a civilization that have never been seen. Fake prosperity and selfishness have distorted our vision, but the two shadows casting "reality" have been exposed.  It should be more than clear that crypto will reign supreme. Why wouldn't it? It checks all four necessary boxes that the united states dollar doesn't: 
  1. Durable- the medium of exchange must not weather, fall apart, or become unusable. It must be able to stand the test of time.
  2. Portable- relative to its size, it must be easily moveable and hold a large amount of universal value relative to its size.
  3. Divisible- should be relatively easy to separate and put back together without ruining its basic characteristics.
  4. Intrinsically Valuable- should be valuable in of itself, and its value should be totally independent of any other object. Essentially, the item must be rare.
 Bitcoin, Xrp, and Litecoin are just three examples of a cryptocurrency that fulfill all four boxes. Hence, why I have been calling cryptocurrencies the new safe haven or precious metal. Educate yourself and prepare for this paradigm shift.

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