CaptainW wrote:Thanks Travis. I know you offer much of your time to help crypto-dummies like my self and you do a great job. I now have a MEW and waiting on the white
paperLIST and stocking up some ETH to be ready. All possible due to your generosity.
My pleasure. Here is how I see it. Many of the reasons people get into PMs are the same reasons that I got into crypto. Uncontrolled debt & untrustworthy politicians, fractional reserve lending, banks (not governments) controlling the money of the citizenry, etc.
I would hate for people to be RIGHT on thinking they needed to hedge themselves against the inevitable dollar (fiat) collapse, but WRONG on the best method to hedge against it. PMs are a great hedge, and store of wealth but they are obviously manipulated by the people that control the system. It is corrupt, but there is nothing that I can do about it. Bitcoin and crypto give us an additional hedge, and are also superior to PMs in many ways (borderless, fast, open source, based on mathematical algorithms, mined at a constant and steady rate, etc).
So if we choose to hedge against this dollar downfall, doesn't it makes sense to at least have a position (5%) in an asset/currency that specifically desires to achieve that end result? I want all BS members to be able to look back and say they at least had the education and opportunity to enter the market at the very early stages. Ignorance will not be our excuse. I do not believe in equality of outcome, but as close as we can get to equality of opportunity.