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Farm Business
Agricultural Matters
Cash, what to do with it come negative interest rates?
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<blockquote data-quote="farmerm" data-source="post: 7299556" data-attributes="member: 7195"><p>I would not go so far as to say bitcoin is a scam but it has made its creator one of the wealthiest people on the planet and yet nobody knows who they are..... If bitcoin was the only cyrptocurrency I might share your confidence in it as a hard currency but it is only one form of cryptocurrency and ultimately an infinite number of cryptocurrencies can be created that all share the same properties such as being a secure means to store and distribute wealth. Bitcoin on its own may be a hard currency but given there is no limit to the creation of new cryptocurrencies, as an asset class, hard currency it is not. My biggest issue with cyrpto is that it great facilitator of criminality, aside from speculators the bulk of bitcoin transactions is to transfer wealth to or between criminal and terrorist organisations.. Cryto currencies are becoming an increasingly toxic asset class and investment in them is both morally and ethically dubious at best.</p></blockquote><p></p>
[QUOTE="farmerm, post: 7299556, member: 7195"] I would not go so far as to say bitcoin is a scam but it has made its creator one of the wealthiest people on the planet and yet nobody knows who they are..... If bitcoin was the only cyrptocurrency I might share your confidence in it as a hard currency but it is only one form of cryptocurrency and ultimately an infinite number of cryptocurrencies can be created that all share the same properties such as being a secure means to store and distribute wealth. Bitcoin on its own may be a hard currency but given there is no limit to the creation of new cryptocurrencies, as an asset class, hard currency it is not. My biggest issue with cyrpto is that it great facilitator of criminality, aside from speculators the bulk of bitcoin transactions is to transfer wealth to or between criminal and terrorist organisations.. Cryto currencies are becoming an increasingly toxic asset class and investment in them is both morally and ethically dubious at best. [/QUOTE]
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Cash, what to do with it come negative interest rates?
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