I agree that digital, fully encrypted, decentralized money is the future. Possibly even backed by gold. However, as he states there are many kinks to be worked out. I will be adding to my bitcoin collection in another month or so just for fun to see what happens.
This is the hope of those promoting the first truly decentralized digital money, bitcoin. Because it is new and experimental, it is controversial and risky. It is in a phase of development something like the Wild West or the Gold Rush, when enthusiastic homesteaders and prospectors risked everything for dreams of abundance and a better life, but sometimes found hardship or ruin instead.
But over time the bugs should be worked out of bitcoin or its successors. Decentralized digital money is here to stay and will be equally important and complementary to gold and silver as an alternative to centrally controlled fiat debt money. Besides being decentralized, it has the potential to be convenient, relatively secure, circulate easily, and even has an effective intrinsic value by virtue of its scarcity.
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