Hello Ladies, Gentlemen, and Bots
Watch this doc and then read a few deep questions of my own.
If countries can use blockchain transactions to avoid pentalties and sanctions set by other Governments then what does this mean?
Recently the news has been saying that USA will put sanctions on IRAN, and IRAQ, right? So if blockchain transactions cannot be traced then what does this mean?
Traditional FIAT currency is typically tied to some sort of physical asset like Gold, Diamonds, Oil, etc, right? Since cryptocurrency is tied strictly to a digital asset for example as the size of a mining farm and the speed it takes to mine one unit of crypto then what does this mean for traditional assets like Gold, Diamonds, Oil, etc?
Its intersting that USA is putting in effort to regulate crypto, meanwhile Russia is puttin in effort to leverage the fuck out of it. So again what does this mean?
The fundamental thing that always throws me off is what has more value,
1 pound of GOLD or 1 pound of Crypto? I know! Right?
if Crypto doesn't have any physical properties why is it considered so valuable?
Cool!
Just a thought
Thanks for reading.
Looking forward to discussing this with thecastle sometime.
Laters