Doq Holliday
@doqholliday
20 April, 09:15
I am not a crypto expert by any means... but...
From what I understand, if the US was to switch to a new digital currency that was gold & silver backed and interchangable with real money like gold and silver coins and gold backed dollars, which already exist...
They would need something like XRP so that anyone that has money tied up in bank accounts, could be swapped with the new money/wallet. They can do this all programatically using small amounts to start.
Am I on point or wayyy off? Open to feedback. :)
From what I understand, if the US was to switch to a new digital currency that was gold & silver backed and interchangable with real money like gold and silver coins and gold backed dollars, which already exist...
They would need something like XRP so that anyone that has money tied up in bank accounts, could be swapped with the new money/wallet. They can do this all programatically using small amounts to start.
Am I on point or wayyy off? Open to feedback. :)
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I have been "playing" with cryptos for years and have happily made a few dollars that I was unable to ever make in "the system". I have always felt that cryptos are necessary in order to move forward. They allow you to hold your crypto currency in a wallet off the internet - which provides privacy, can replace credit cards and internet purchasing, and has potential to increase in value. I think it is a great piece of the whole new financial pie. Just my humble opinion.
11:51 AM - Apr 20, 2021
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