Crypto

Oldies still don't seem to understand....

Crpyto can already replace the entire commerce, internet commerce, banking, and finance systems based on fiat money, and do it all far better. It can also not only already replace, but far exceed the capability of, existing financial instruments and contracts, the lawyers that write them, and the courts that enforce them.

Crypto is

• free to start using it

• far more easy and secure to hold than cash, gold or banks

• is not depreciating in the race to the bottom inflation by central banks

• increasing in value over time (like a lot!)

• used with no accounts, no bank, no commerce accounts, no third-parties, no middle persons

• works 24/7 to any person on the planet with a basic smart phone and basic internet

• has run 24/7 for 10 years with no issues

• used in programmable contracts that does away with lawyers and paper contracts

• essentially zero fee for any amount at any time, no middleman, no exchange rates since it is worldwide

• scalable to any size or amount, from cents to millions with no change in cost or time

• processed in online transactions that are completely secure

• on a system that allows completely automated accounting

• trivial to process online with no third-parties or accounts, and is native to the internet

• used in any complexity smart contracts with no lawyers or courts needed to check and enforce it

• the most significant human advancement since the internet

• a whole new system of currency that was thought to be impossible before Satoshi released the most remarkable 7000 lines of code ever written

Using national currencies, banks, and international wires is laughable

• can't have a bank account if you are under 18?!

• banks close most of the year, are only open maybe 8-4pm, 5 days a week!

• have to stand in queue, get a number, wait for an ATM!

• your money debases every month at any rate determined by a central bank secret committee (hence why the 'real median wage' in teh USA has been going down since the 1970s...magically coinciding with 1971 gold shock - teh US international default on all debts due to Vietnam war costs, delinking of gold, and turning USD into pure fiat money

• national fiat money is nothing except numbers entered on a keyboard and kept in a database. New money is just made with the stoke of a pen, 'lent' by a central bank (via 'brokers' like Goldman Sacks) to banks or government. Then banks charge huge loan fees to business or persons (all this is called 'usary' previously illegal, and still illegal in Islamic law).

• huge fees, days for a transaction, 3-7 days of manual verification

• might then be blocked for any unknown reason

• weixin and alipay can't be used cross country

• paypal is US controller company, high fees, and has geo-political blocks on funds

• credit cards drive huge fraud

• banks and credit cards drive huge identity theft statistics

• credit cards have no security model - they were designed to create a receipt, have you manually sign the receipt, then have the shopkeeper check the signature against the one on the back of the creidt card! - nobody does that, and online nothing is done!

• credit cards are predatory to the poor with absurd interest rates

• credit cards are only available to the rich and can only use in expensive stores ... try asking the roadside food stall to take your credit card!

• credit cards require your full card details, your address, to give to a seller so they can then enter any amount and pull it from your card!

• Dangerous since now sellers, desk clarks, all know where you live, what you are buying, how much you have.

This has been going for over 10 years perfectly:

• send any amount, at any time, 24/7 completely securely to anyone on the planet who has a basic smartphone and basic internet

• without any middle persons, no bank, no account, no anything

• with or without escrow

• with or without time locks

• used in complex smart contracts with any payment terms far beyond what a lawyer could devise are done

• smart contracts network enforced in real time in a far better and secure manner than any court or police persons could understand and enforce.

I guess still people just don't know about all this yet???????

It is just a matter of time before this replaces money. Superior technology always wins out in the end. It is simply because something that is far better and far cheaper wins.

The next generation wont even know about banks, credit cards, cash.