On 04/21/2016 02:31 PM, juan wrote: > On Thu, 21 Apr 2016 11:30:52 -0700 > Sean Lynch <[email protected]> wrote: > >> On Tue, Apr 19, 2016 at 2:32 PM, juan <[email protected]> wrote: >> >>> On Tue, 19 Apr 2016 03:47:38 +0000 >>> Zenaan Harkness <[email protected]> wrote: >>> >>>> There appears to be a multi country effort to (re)build gold >>>> backed currencies, and there's every chance they will succeed, >>>> certainly even in the face of crypto currencies - the robustness >>>> and security levels of current computing facilities means >>>> hoarding physical gold is likely seen by most, and certainly by >>>> nations, as more secure and acceptable to the public psyche >>> >>> >>> It seems very very unlikely that any government will setup a >>> mechanism that destroys one their fundamental means to loot >>> their subjects : paper money and inflation. >>> >>> Rather, what we are seeing is a move towards a fully >>> 'electronic' system in which we won't be able to buy half a >>> potato without being taxed by the world government. >>> >>> >> What Juan said (minus the Satoshi nonsense). ZeroHedge are notorious >> gold bugs. > > > I am a gold bug too, if gold bug means understanding of the > fact that physical cash is a decentralized and anonymous > system and that gold is a particularly good form of cash.
I'm not a "gold bug". But I do own (physically possess) enough gold to live on for a few years, even at current prices. Also silver, computer gear and parts, some guns and ammunition, and so on. One never knows. > Being truly decentralized and anonymous are not properties > that any cryptocurrency has, as far as I know. > > On the other hand, a cryptocurrency like bitcoin is threat to > governments and the financial mafia, so it's reasonable to > assume that the mafia is going to come up with some kind of > countermeasure. I use Bitcoin, but don't hoard it. It's a convenient way to get paid and lease services online. And I know how to use it, as anonymously as needed. I don't really care about the "threat" aspects. I just do my thing, and do what it takes to be left alone. > But yeah, it's also true that they've been 'developing' their > own electric monies before bitcoin arrived into the scene... Assholes do shit all the time ;) <SNIP>
