Quote:
Originally Posted by klinton
FAITH + MATHEMATICS
more than EUR or USD, as these are only based on faith and "the longtime custom"
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not really - at least real money is backed with a production and the value will always depend on the trust of a whole country.
real money is not that easy to influence just because people want to buy a lot of it.
you saw that in switzerland when they bought euro to keep the swiss franc low.
after they stopped this programm the swiss franc balanced out by the normal market.
countries can also pay their dept with trades and it is not easy to run into a complete bancruptcy (which would still be in the responsibility of the legal successor)
crypto is nothing else than hot air - because if nobody buys them any more (simply because they are not need for nothing) they are on zero and NOBODY will sign responsable.
if banks or even countries would come up with cryptos it would be different. but private market will not work on long term - all what happend here was a very very very big money laundry where billions of black money was washed and changed into clean REAL money.
thatīs why the governments of many countries have closed their eyes up to now because it will bring money back into the tax stream and the lost at the end is the black money
what went out of the market with a big bang.
it is like all this black money on a big mound - you buy it from the owner with your clean cash and after all is sold somebody burns the mound of blackmoney down.
this is the smartest and easiest way for all countries to resolve this problem and they will never get blamed for it.