Sunday, March 3, 2013

The Crossroads of Humanity


"The power of accurate observation, is often called cynicism, by those that don't have it"
George Bernard Shaw

"The highest good is not to seek to do good,but to allow yourself to become good."
Lao Tzu

Morally, I have nothing wrong with competing currencies or Bitcoins. Financially, I realize anything digital can be replicated ad infinitum. Not that Bitcoins themselves are readily counterfeitable, but that an influx of many digital currencies would devalue Bitcoins significantly. Besides which, there are already precious metal backed debit cards, which will only become more prevalent as time goes on. I think gold will inevitably have to be used as money to restore stability to the economy.

No comments:

Post a Comment