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Crypto currencies are deemed to fail....

Chalanachithram.com DB » New TF Industry Related » Archive through June 08, 2018 » Crypto currencies are deemed to fail.... « Previous Next »
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Ballasticmissile
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Username: Ballasticmissile

Post Number: 10131
Registered: 07-2012
Posted From: 178.200.56.8

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Posted on Friday, June 08, 2018 - 02:14 pm:       

What is currency......

Medium of exchange for goods and services.......

Gold served as this exchange for millennia due to its luster durability and relative scarcity ....it would take almost same amount to mine and distribute it as its value......

Then debasing etc phenomena are done for centuries....making inflation and other macroeconomic crisis......

Finally we went out of gold standard after WW2 due to Marshall plan and by 1970s it’s dollar mostly....

The intrinsic value of dollar and gold are inversely proportional .......

The main feature is both of them are physical......while cryptos are a delusional and non physical currency.......
missiles love.
Dead:1/12/2017
iPad: post number 556
 

Ballasticmissile
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Username: Ballasticmissile

Post Number: 10130
Registered: 07-2012
Posted From: 178.200.56.8

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Posted on Friday, June 08, 2018 - 02:05 pm:       


Kranth1:



Nanigadulocal:




https://www.statista.com/statistics/647231/worldwide-blockch ain-technology-market-size/

This is the usage of crypto currencies till now.....

This is the market cap.....

https://www.barchart.com/crypto/market-capitalizations

While according to UNODC report 2017 the usage of cryptos for illicit activities in 2017 is between 170 and 320 million dollars....

Remaining is your hype and trust in cryptos
missiles love.
Dead:1/12/2017
iPad: post number 556
 

Emc2
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Username: Emc2

Post Number: 69252
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Posted on Friday, June 08, 2018 - 01:55 pm:       

2021 ki mana DB lo okallu multi billionaires avuthunnaru, what are you talking about...

buy TRON




Where ever i go what ever i do
My caste |My Hero |My Leader
This is the priority

 

Nanigadulocal
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Username: Nanigadulocal

Post Number: 9274
Registered: 09-2016
Posted From: 63.79.91.19

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Posted on Friday, June 08, 2018 - 01:41 pm:       


Kranth1:




ippudu manaki clash of Titans aaa .. nenu pop corn techukuntaa poyiii
 

Kranth1
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Username: Kranth1

Post Number: 7939
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Posted From: 209.136.235.13

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Posted on Friday, June 08, 2018 - 01:40 pm:       

Calling Chesapeake
"Every twist, every turn, can challenge our sense of direction. But it's the choices we make when we reach a fork in the road that define who we are." - Dexter
 

Ballasticmissile
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Username: Ballasticmissile

Post Number: 10129
Registered: 07-2012
Posted From: 178.200.56.8

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Posted on Friday, June 08, 2018 - 01:39 pm:       

Beware guys.....

I had gone through some reports and found that almost 65-70% of usage is in illicit activities....

Money is a traceable form of exchange.... but cryptos are not....making them perfect for these activities in future.....of course it will end up with regulation by government naturally...as govts are bound to control drugs and other illicit activities....

One Silk Road and one bitcoin all are the same
missiles love.
Dead:1/12/2017
iPad: post number 556

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