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PAX GOLD: Executive Summary

Added 2020-08-15 18:58:46 +0000 UTC

Hello CryptoViewing Founders,

here comes the executive summary to our cryptocurrency remote session on PAX GOLD.

All the best,
Rose

PAX GOLD: Executive Summary

Comments

Hi guys, I just upgraded especially to see this one. Instead of roasting you I'd like to make a case for why this is potentially important and interesting. Quite a lot of the crypto world (DaVinciJ15, MMCrypto and others) view the holy grail of crypto as a stable coin. The ultimate version they desire being private, sovereign, definitely not backed by fiat, validated and limited in supply. Obviously some of these criteria are currently not being met. The ultimate function is to lock in gains from blow-off tops and enable a huge leverage by buying back in at an 80-99% discount at the bottom of a cyclical bear market... instead of TUSD etc. US Dollars are currently (according to shadowstats) losing 13-14%p.a. through inflation which is huge, 7% compounding eliminating half your buying power in 10 years. With inflation potentially skyrocketing when it hits the high street (hyperinflation normally works slowly and then very quickly) this means a USD stable coin could move in to hyperinflation and wipe out a big chunk of your crypto gains. So for those of us who hope to have a bag of gains in the coming months this is now a short term priority - rather than having a bag of gold or silver, with the attendant security issues, do we have a safe digital option for that specific function? And this should make sense if the whole world is going to be digitised, from art to real estate and way beyond... If this perspective now makes more sense and resonates with you it would be really interesting for myself (and maybe others) for you to revisit the issues of exchange security during a blow-off top, and also digital gold as a crypto winter safe haven. If this works it will have some advantages over holding physical gold - though I agree that is the best option.

2021-10-27 09:49:06 +0000 UTC

Dick 🤣🤣🤣🤣 Hawaii Public Housing Authority Property

2021-05-07 10:12:48 +0000 UTC

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