I'm old enough to remember when Bitcoin transaction fees crossed the threshold into being impractical for micro transactions.
We early adopters gratefully pocketed a few pennies from the BCH fork (Bitcoin Cash) and used BCH for a while as the transaction ledger of choice. But that didn't last and we soon resigned ourselves to letting Bitcoin remain the heavyweight pseudo-gold, a deep reserve environment with all the cumbersome regulations required for a trusted reserve. We hoped, and even predicted something would eventually emerge from the XRP-like community (Ripple) to provide a closed and independent system throughout the global trade-space with a nimble, ultra high speed and practical transactional environment.
We naively supposed that well crafted and trusted gateways would appear on its circumference providing highly liquid unobstructed portals in and out of XRP to both BTC and the fiat (national currencies) Forex network.
Somewhere between 2011 and 2013, however, the intransigent fiat cartel dug in its heels and hired the Warren / Schiff / Rickards / Dimon lobby to do its lying for it. That's when I stopped busting my brain trying to keep up with the David and Goliath skirmishes in that space and retreated to just hodling a little BTC and a little Gold as a mere hobby while the liars pulled each others wires.
Later, after selling even those final trace hodlings, I declared the whole mess in exquisite detail to the Canadian capital gains police and payed full bore taxes on the whole thing. I withdrew. I preferred the peace of mind. It was time to get on with life and retire to gardening and a little hobby-trading using more traditional instruments for interest and pleasure.
Nowadays, so many years later, as I read more and more horrendous tales of financial fibs, and how governments who haven't the guts to levy taxes honestly use debt and inflation instead to water the dollar down, I can't help but wonder . . . are there any young whipersnappers out there to whom my old fogie narratives sound familiar? Can any of you catch me up on what honest crypto wizards have been up to in the meantime?
As for watering down the dollar, do any of you see through the Trudeau/Polièvre/Biden/Trump charades?
It's actually so damn simple.
Banks print money (inflation) and call it Monetary Policy; Governments borrow the money (debt) and call that Fiscal Policy. Meanwhile the gap between haves and have-nots pursues its relentless recurring cycle from Gaza to Mar-a-Lackey and back again.
