Blockchain Technology, page-19

not many countries underpin currencies with gold anymore if so the price of gold would be through the roof, do you think the US has 3 trillion in gold to back their currency, most currencies survive today on faith and trust. what about the ponzi discussion, miners are paid to verify, getting harder and harder, 17 to 19 mil out already capped at 21mil what happens when ceiling is reached how do the miners get paid

too much hype about bitcoin for my liking, too cumbersome and costly per transaction, bitcoin cash seems better, quicker, better fractions

crypto currencies on the other hand that are embedded in businesses throughout the world eg ethereum, powerledger and the like that will be seamless tech behind paying bills, buying property, any transaction involving currency the mind boggles, most people won't even know the currency they are using, blockchain is the interface and workhorse eg loyall RFN just bought into are going to create a currency, I see the blockchain as the major driver of fintech disruptive technology

main problem is how to tax, hence those currencies that are attached to legitimate businesses

anyhow I not that bright but that's my 2 bob, have a happy christmas