Straight Line Logic’s New Cryptocurrency! by Robert Gore
Here’s a chance for you to exchange all your legacy moneys, currencies, and debt instruments—precious metals, credit cards, debit cards, money orders, checks, traveler’s checks, cashiers’ checks, second mortgages, euros, pounds, yen, yuan, rubles or good old fashioned Federal Reserve notes—for the exciting, innovative, liberating Cryptocurrency of the future, the Bobcoin. Count on it, the Bobcoin will be the next Cryptocurrency they’re talking about at cocktail parties and bongathons.
Operators are standing by. For all the details, please click the above link.
Operators are standing by. For all the details, please click the above link.
Backed by "oil reserves"? Talk about spending what he cant even get out of the ground.... Maybe I should start a digital currency backed b y what I might earn from my mechanical engineering degree , and of course spend the money I get from it now....
I’ll take them for their current valuation, discounted 50%, in gold.
Done.
And I’m a 40 year computer geek, I should love the idea. But also an MA in Economics, focussing on monetary economics.
It ain’t real, therefore it’s not money.
Money is a receipt for something of value whose supply is not just a matter of someone arbitrarily creating it from thin air.
Gold wouldnt even work if all of a sudden it could be created by mixing a few common chemicals by any tom, dick, or harry
No demand for gold dollars in Boston, May 1894
http://www.coinbooks.org/club_nbs_esy...
Gold coins unfamiliar to merchants in NYC 1896
http://www.coinbooks.org/club_nbs_esy...
Just so we are clear on my context for discussing the history of money.
As they say, e pluribus unum just one out of many...
http://www.coinbooks.org/esylum_v19n1...
On "Gresham's Conjecture"
https://necessaryfacts.blogspot.com/2...
Right, because the thieving bankster scum could not counterfeit gold to steal from everyone else. Now they have gold indices, having convinced enough ignorant suckers to just trust Wall St will have enough gold in inventory when called for. Same as the banksters did in all bankster caused collapses prior to 1913 when they bought enough corrupt DC looters to give government sanction to bankster credit creation of all legal tender. Legitimized looting of everyone by banksters is nearly impossible with gold backed money.
Toward the end The Montgomery Advertiser (Montgomery the capital of Alabama) promised~and I mean big time promised!~me a job as the police beat reporter after a hiring freeze.
Two months later I had to find out though a friend who worked there that someone fresh out of college had been hired as police reporter for far less money than I as going to make.
Due to such writing on the wall, me dino decided there was no future in my chosen career.
So I moved on and joined the Alabama Department of Corrections and am now retired with the cash flow of a pension I doubt I would otherwise had.
And all those zeroes looked pretty zero to me.
Me the old dino would have promised all-caps "UNTOLD RICHES!!!" recalled form reading snail mail scams received during the 70s.
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