Cryptocurrency

[Gemcrusader]

Do cryptos which are just as fiat solve the problem?

I think its very fine. Complete or too much freedom can result in utter chaos if people are irresponsible. And... they are still. So counterweight is fine imv.

I wanna explain or explore the energy aspect a bit further. Money is energy.
Connections are made trough the internet. When u write a message or somethin u can feel energy comin of it. Gettin a feel how their personality is and what not. Thats energy.
The intention and character of the person gets in the words. If a bot writes a message on a forum or whatever u would get a "non" feelin from it if u know what i mean.
So with cryptocurrency u can send money DIRECTLY to eachother. Meaning in some way ur energies are getting connected. At least MUCH more then with banks. So... if banks do that. THEN ur energy is tangled with the bank. Since banks own a lot of money and clients they dont care about you. Either way u are making a connection with the bank. The bank holds all the money. THus the energy as well. Thus power.
The banks imv are symbolic and responsible for the slave lives or slave structure we live in. But we all do that. Crypto will change that because we dont want that anymore and are wakening up. Thats at least is my view on it.

Lets turn it around. What if crypto was the fiat right now and fiat as we know it now would not exist. Lets say somebody would come up with the system we have now... saying here is some paper and metal. Lets call it money. Right... Without banks that cannot work. Banks need to exist in order to make any type of money work. It doesnt matter how it looks. They could be triangle metal plates or whatever. Paper with a watermark sure makes sense. But its about the principle. Money the way we know it now cant exist without banks. What can exist without banks? Crypto...

Well, you're certainly right about banks and their power. Most of them are crooks anyway propped up by the state in one way or another if not regulatory through the setting of interest rates, bailouts, manipulations. The financial crash of 2007/8 should have taught governments lessons! But did it? Not one bit. Regulators were quick to say "Yeah, those practices were bad......but they weren't illegal."

And so the cycle starts again - 2016. We don't call them CDOs any more. Now they're CLOs, same, only as good as the security that backs them!

It's in situations like what appears on a horizon soon to close in, that the cryptos will win. They aren't part of the casino. Fromm a spiritual viewpoint it's timely that the conduits of money/energy exchange were removed from the hands of the banks.

Edit: I responded to a topic yesterday way down the bottom drawing on the idea of "necessary evil" of religions and how they've reached through society generally. Perhaps the world financial system as is, is the main conduit of the evil.

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[Goddessa]

Originally Posted by Lorelyen

It's a consequence of the topic itself no matter where you turn. It has huge scope.
There are no arguments here that I can see - differences of opinion, yes, because we approach the subject from different angles. Isn't that what a forum is about?

If it's been ruined for you by the level of argument here it's probably best not to dig deeper. You'll encounter far more ferocious argument. It is a fashion to have a small holding though and acquisition of some of the more usable cryptos is a good start. I have some stuck in an old paper wallet but thinking of setting up an account of my own.

As I'm on your ignore list I'll have a chuckle at "unnecessary" arguing. How wild would a totally silent forum be?!

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I don't have an "ignore list" Lorelyn

[Goddessa]

Originally Posted by Lorelyen

It's a consequence of the topic itself no matter where you turn. It has huge scope.
There are no arguments here that I can see - differences of opinion, yes, because we approach the subject from different angles. Isn't that what a forum is about?

If it's been ruined for you by the level of argument here it's probably best not to dig deeper. You'll encounter far more ferocious argument. It is a fashion to have a small holding though and acquisition of some of the more usable cryptos is a good start. I have some stuck in an old paper wallet but thinking of setting up an account of my own.

As I'm on your ignore list I'll have a chuckle at "unnecessary" arguing. How wild would a totally silent forum be?!

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I don't have an "ignore list.

[Gemcrusader]

Well since Godessa came on, i didnt think much of your posts Lorelyn, but i did felt like thats not where i wanna go. I did felt some sort of mild "attack" but i replied back. Im not blaming u or am bothered but a bit more less invasive could be welcomed more so to speak.

I'll sit out then. No point staying on as I've already withdrawn from the philosophical / spiritual side (in deference to you).

I go for sincerity rather than socially desirable responses (as one might on social media just to get "liked" a lot)

However, you've awoken my interest in starting my own account/wallet. So thank you for that.

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[Gemcrusader]

Well, lets just say being a bit critical as you are, you can expect back the same as well.. It doesnt mean u have to stay out entirely all of the sudden. Like i said, i wasnt particulary bothered but as said...

The market is WIDE open at this point. Especially the asian countries are stepping in (Korea mainly so it seems).

[CrystalSong]

I looked into this more, did a little research and talked with my financial advisor for 1 1/2 hours which has led to me now having an opinion. LOL

Opinion: Cryptocurrencies are most excellent for laundering money and moving money around which needs to be untraceable.

As more people use it banking institutions and government will get wise and want their share and want to regulate it.

However it will very likely become the monetary form of the future.
One's in existence now will likely fold into each other or get taken over until only a few remain which will then be heavily regulated.

Investing in them currently has no guarantee or insurance in case of scam, there is no FDIC or other large financial firm to guarantee the invested funds in case the crypto currency form owner decides to run of with our money and buy a private island in international waters.

It's the 'wild west' money form, you may strike gold or you may get shot at High Noon by the OK Corral.

Consider it a Highly Volatile stock with no backing of any type.

Or this is how I know consider it personally :) I am however pretty risk adverse, I'll gamble but only if the odds are in my favor.

I took the plunge and bought myself a Trezor (hardware wallet) that is so easy to use and, interestingly there are intriguing spiritually inspired tones about it!!

This type of wallet has a series of 24 "recovery words" so if you lose the thing you can reconstruct your accounts in a new one. These words included "spirit" "dance" "beauty" "inspire"....well, I can't list them all as someone might try to build my account elsewhere but there it is.

You're right about security issues. Buying coins is no problem but I don't know about buying things with the coins yet. There are a couple of shops who accept them - small priced like t-shirts.

You're also right about investment potential but the big hike has probably gone. Without the history dad bought some speculatively late in 2010 for about £1 each BTC. He sent one to my wallet and I did a vastly smaller purchase from a P2P seller that I think I'll like. No need to mention what one would cost someone now!
Volatile, dangerous but...(half-smiling) isn't that sometimes in the nature of some people's spirituality!

As things stand I'm unsure of Gemcrusader's spiritual/social hopes. The marketplace is intensely anonymous. But...it's still new. People may get closer together.

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[CrystalSong]

Just watched this, it really helped me to understand the early history and the obstacles faced and the future potential
https://www.netflix.com/watch/801545...7d626-26198373