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Did We Just Enter the Beginnings of the Post-Dollar Hegemony Era?

The Breakdown

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The Future of Cryptocurrencies

Bik con can be moved, bought and held without third parties or intermediaries outside of its own network. This gives new resonance to characterizations of bit coin as digital gold. Gold has always been a particularly useful during war time and other disruptions because its value is considered inherent to the object. Bit coin is far more mobile than gold, but also has some disadvantages. In particular, gold has no memory. That presents real potential problems for the trade in formerly dirty coins which could wind up black listed by main stream exchanges. Still, what we're seeing is a significant vindication of the underlying scepticism of traditional banking that drives many in crypto.

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