Upvoted! Interesting event isn't it? Not that I'm not having a lot of fun with this steem thing or that I'm not enjoying trying to amass some of these crypto's for myself but this is exactly why me likes the physical! Whether it be precious metals, ammo, or lil' fuzzy pink dolls of Hillary with her own head up her ass, someone has to physically bind a physical loving guy to a chair and drive bamboo splints under his nails while Dolph Lundgren beats on him like in Rocky 4 to get him to give up his stash of twinkies. Never mind the physical guys security measures. Hell, Dolph would have a hole the size of a basketball in his chest not to mention being mauled by vicious dogs after which falling 10 ft. into a hole on a butt load of long rusty nails before he got the words " I must break you" out of his mouth. But then again, who's to say it did happen? I like the virtual world to an extent but anything can happen here. As they say, "if you don't hold it, you don't own it!" Always enjoy Mr. Mannarino! Long time fan.
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A bird in hand is worth two in the bush. High five brother ;)
I'm hearing you Stillwater!
Re precious metals, I don't think that there's a massive following in the steemit community yet. I viewed many blogs (even done one myself on the topic) and hardly any votes or comments on the majority of them. When I search the 'Mining' tag, it is not precious metals that are discussed, merely how to extract extra cryptocurrency.
I think we need to do more blogs on the subject to educate the non believers!!!
I'm here for diversification but I think that the majority of people on steemit are just tech savvy people unaware of the fundamentals of owing a physical asset class.
Final thought/question: has a cryptocurrency backed by precious metals been created yet?
Yes DigixDAO https://digix.io/
Thanks Graham. I'll do some research into this. Can anyone else vouch for this crypto?
As far as I am aware it is still in development but they should be coming out with a full platform pretty soon. I have held it for a while now. As with most cryptos you have to really purchase into the idea more than the finished product to make the most gains on you investments.
Thanks Graham that is really helpful. IT also gives me a little more confidence when others have 'bought in'.
Just ask around on reddit or take a look on YouTube for info on crypto projects. There are loads of great resources out there.
Don't be scared away by the government and press saying it all for criminals and cyber terrorists. They also use cash and normal bank accounts too!
The main issue is that we the people are being failed by our governments and we are creating new systems that will work for us and they don't like that.
Yep that's true.
To be honest I tend to do the opposite to what the government and media say!!
I expect you do the same...