Why Cryptocurrency Will Take Over the World The Daily Decrypt The Daily Decrypt

https://youtu.be/OwG4d17zzuA Start at: 1:24 Published on Apr 12, 2016 Your gold is pretty awesome, but it's not awesome enough to be money until you can send it to Chen in China to buy a cheap .mp3 player. Check out our new channel! http://youtube.com/dashorg Connect with us! [website w/ RSS feed] http://TheDailyDecrypt.com [tweets] http://twitter.com/TheDailyDecrypt [facebook] http://facebook.com/TheDailyDecrypt [subreddit]: http://reddit.com/r/TheDailyDecrypt [audio-only feed]: http://henq.duckdns.org/podcast/feed.xml Wanna sponsor a show? http://thedailydecrypt.com/Sponsorship Sponsor: Expanse: http://expanse.tech Music: "Money" by Pink Floyd: https://www.youtube.com/watch?v=cpbbu... Category Science & Technology License Creative Commons Attribution license (reuse allowed) Source videos View attributions SHOW LESS COMMENTS • 93 Oscar del Rosario Add a public comment... Top comments Lee Gordon Seebach Lee Gordon Seebach9 months ago Hi Amanda, since you're talking about gold here, what are your thoughts on BitGold? Reply 4 View all 5 replies The Daily Decrypt The Daily Decrypt9 months ago +Lee Gordon Seebach Ah -- yes, see today's video -- an interview with Jeffrey Tucker -- to hear exactly what I think of that. To be published in a few hours. :) Reply 1 Tom Koller Tom Koller9 months ago +Lee Gordon Seebach BitGold is nice but its useless. We re in the 21th century, we dont need "rocks" like Gold or Silver anymore as "Money". Let Gold stay in mother earth and dont waste time and energy to digging it out. The idea was a god one like Gold Money. But as you know Gold is "manipulated" on the Comex. BitCoin is maipulated by the "Banksters" as well. So...I think Altoins "are" the answer. BTW: I was a Gold and Silver Bug for the last 20 years LOL. I like the blingbling until today ;-) Thanks Amanda for sharing your experience in Crypts on a daily basis with a good sense of humor. I like it. Greetings from Swiss Read more Reply 2 Jacob011 Jacob0113 weeks ago Thumbs up for Pink Floyd! Reply Mahr Muhammad munawar shahid Mahr Muhammad munawar shahid2 months ago very nice to watch your video ,, very agree about it Reply Pascal Houde Pascal Houde9 months ago And your thoughts about Digix ? Reply 2 The Daily Decrypt The Daily Decrypt9 months ago +Pascal Houde Any attempt to mix the trust required to believe that another person will keep "your" gold safe in their vault -- and not engage in fractional reserve lending -- with the trustlessness of an open-source blockchain makes no sense to me. If the scarcity of a token is provable via a blockchain, you don't need to rely on the scarcity of gold anymore. An open-source blockchain is "gold 2.0." Read more Reply Douglasie23 Douglasie239 months ago +The Daily Decrypt Hi Amanda, I do believe services like Digix have their place in the currency competition. Here's why: while I agree that gold backed tokens do re-introduce the need to trust a third party, they might have a characteristic that no other cryptocurrency offers:a stable long-term price. And no, I don't see that in crypto pegged to USD, SDR,... The USD for instance has lost 87% of its purchasing power since 1964 and 96% since 1913. Pegging to fiat might offer short term price stability, backing by gold (100% reserve) will offer long-term price stability. And I do believe there are market participants out there that look for that characteristic. And for all the young people (who grew up with crypto) that claim that these people are too old school to get their head around the disruptive nature of crypto (which might be true): don't forget that, for many years to come, this group of old-school-people will be an important part of the market. And if a gold backed token can give them the push needed to enter the crypto market, I welcome that. Read more Reply Simio Simio4 months ago Thankyou for this video! Could you advice on crypto currencies with future potential of low value right now I have personally invested in Ripple Global currency reserve ADZcoin Dogecoins Read more Reply doodle daddle doodle daddle3 weeks ago im loving your video's at the moment im learning so much, thanks Reply Elijah John Yarra Elijah John Yarra7 months ago amanda! you are so pretty! Reply Deus Vult Deus Vult8 months ago Cryptocurrency gives you the power to stop feeding rapacious parasites. Reply The Bitcoin Aficionado The Bitcoin Aficionado5 months ago Buy yourselves some Mining Shares for Bitcoin and Ethereum. Be wise and only invest an amount you can afford to loose: https://hashflare.io/r/6C4DFDFA Reply Добыча криптовалюты Добыча криптовалюты9 months ago Only Cryptocurrency! =) Reply insanity54 insanity549 months ago Heck yes, I loved this episode! Reply bear northpole bear northpole2 months ago All currencies are now not gold backed so the cabal can print as much as they want we as slaves aren't allowed to do that. Reply deanko55 deanko556 months ago Where can see that neat ticker tape about cryptocurrencies, live, anytime? Reply fulltimegeek fulltimegeek9 months ago But if we only have gold, silver and cryptocurrencies how will we ever pay the very official and legitimate IRS??? They only accept Federal Reserve Notes (Debt). Reply 1 ausPPC ausPPC9 months ago +Antonio Ferreira Make them an offer like the one Neo made to Agent Smith. Reply 1 Art Torio Art Torio4 months ago Then they can keep their debt lol Reply 351conan 351conan6 months ago your wrong luv .. i have many kgs of silver. i,m not going to chip off a bit an weigh it.. i take it to an exchange and get the cash equivalent of the day. i cant believe that people are going to help the power elite with there plan to make us a cashless society. who do we think owns the internet. that this method is to withstand a (ctrl alt delete) at there choosing... right wink wink.. its as safe as the titanic... gold an silver is the only way.. look at histroy. Read more Reply 1 Ted LaughsAtCreationists Ted LaughsAtCreationists2 months ago It's great for making jewelry and electronic devices but when you want to trade with it you have to take a risk. That's why it has never been useful as a currency. As an investment yes. As a trading currency gold and silver are crap. Reply samerspace samerspace9 months ago Nice vid. Expanse is based on / forked from Eth and not part of Eth, as you seem to suggest. Cheerio. Reply 1 The Daily Decrypt The Daily Decrypt9 months ago +samerspace Oh! Goodness, I hope we did not mess up the wording of the sponsor message at the end. But it's certainly possible. I'll look into that right now and correct with an annotation if necessary. Thank you for your kind feedback. Reply 1 Richie Rich Richie Rich9 months ago www.potcoin.com :-) Reply Chris Coney Chris Coney9 months ago Here you go my dear: https://www.vaultoro.com https://www.bitgold.com Reply 4 Eric Hecker Eric Hecker9 months ago +Chris Coney Use both services myself. Reply Russell Nelson Russell Nelson9 months ago 1:46 I know! I know! Because gold coins are worth far too much. What do I win? Reply Zander bam Zander bam9 months ago +Russell Nelson http://www.peakprosperity.com/podcast/84359/new-way-hold-gold Reply revolutionaryPOP revolutionaryPOP9 months ago you are becoming a house hold name Amanda! thanks for educating us! Reply Show more