Gold vs. Fiat vs. Crypto, page-26

  1. 6,130 Posts.
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    Thanks for your views @slay22 .
    The crypto takes energy and resources, with some saying 10% of ICT is devoted to producing the
    solving maths. Very expensive and ascribing a
    currency and or monetary value is nebulous considering the " storing " infrastructure could fall over at multiple junctures - just think of the password lost recently in a " bit " play, or primary
    server, cloud fail.
    Money is a " trust " in value and is a psychological
    construct as much as a trading system where trust is key.
    Central banks full of smarter people than us are continuing to buy, store more gold.

    Immutable and valued.

    Cheers
 
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