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Re: Crypto is a real value here 

By: ribit in 6TH POPE | Recommend this post (2)
Sat, 14 May 22 8:09 PM | 25 view(s)
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Msg. 31987 of 58732
(This msg. is a reply to 31964 by micro)

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Liberals are like a "Slinky". Totally useless, but somehow ya can't help but smile when you see one tumble down a flight of stairs!




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The above is a reply to the following message:
Re: Crypto is a real value here
By: micro
in 6TH POPE
Fri, 13 May 22 8:07 PM
Msg. 31964 of 58732

De

currency is simply the vehicle to purchase other things and has a standard value. You can take it and go buy Gold, silver, diamonds, platinum, whatever and then hold onto what you bought..

You will likely discover that merchants or people won;t take yer gold bullion for payment and give you change back.. Its why the fiat money was once backed by Gold reserves and some nit wit decided to use the credit system as the backing..

No doubt Gold reserves are the best think behind currency but its kinda difficult to go pay for a candy bar with a bar of gold..


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