RE: OBC Buenos to save Argentina?24 Jul 2018 10:07
Coe, that’s a good idea if it was that easy.
I agree, if you have the coding knowhow, dropping a new coin onto the blockchain is relatively straightforward hence the 1,300+ coins in existence.
However, a coin by itself is useless without the backing of assets, investment, practical application or a general desire to own it.
OBC are trying to creatie digital assets with a purpose.
They are not backed by some Ponzi scheme or have a hairbrained investment idea.
They are creating different coins for different applications. As with most coins, they will be worthless bits & bytes in your wallet if you chose to mine or buy any but my point in the last post was it only takes one to hit the sweet spot. Speculative to say the least.
I like they are targeting economy’s with struggling sovereign currency’s. There’s a chance the alternative offering to the public of a digital currency protected from their current economic issues and the possibility of it repeating bitcoins success but locally to that region could create a powerful market for the first coins to the market. Which OBC seem to be doing.
On a more general note. Keep an eye out for inflation worldwide. We’re heading for an interesting few years. Worldwide sovereign debt is staggering g compared with GDP. The chance of it reducing is zero. The interest on this debt is crippling.
Hyper inflation is coming and the clever money will be moving out of cash. Not saying it will all go into crypto but this will be one of the drivers of the next bull run.