Post #33757 by bighairymike on the US Policy board

Halls of Shrewd'm / US Policy ❤

Unthreaded | Threaded | Whole Thread (18)

Post New | Post Reply | Report Post | Recommend It!

No. of Recommendations: 1

While I hear this, current government backed fiat currencies are not really different than crypto. - alan

============

I see two important differences.

Cash has pervasive acceptance damn near anywhere. Can't buy a lemonade from the kid on the corner with crypto. or can I?

One more big difference is with cash, a transaction can occur between two parties, not requiring the services of any third party, and not requiring any tech savvy by the buyer or the seller.

Remember most people don't even have a bank account, so I don't see them accessing the wonders of crypto anytime soon, or ever for that matter.

Post New | Post Reply | Report Post | Recommend It!

Print the post

Unthreaded | Threaded | Whole Thread (18)

Prev | Next

Announcements

US Policy FAQ

Contact Shrewd'm
Contact the developer of these message boards.

A community forum supporting civilized, and highly helpful, self-educating investors that come together for Shrewdness and merry spirits. These message boards closely follow the look and feel of the old message boards at boards.fool.com prior to the boards redirected to discussion.fool.com. Shrewd'm is not affiliated with the comprehensive and excellent investment website, The Motley Fool (TMF), in any way. The Shrewd commmunity here has owed, and continues to owe, gratitude to The Motley Fool for nurturing a culture of jovial irreverence towards Wall St, and that tradition will continue here.