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Random Discussion / Re: Greek Collapse Could Hit U.S. Next! - Peter Schiff
« on: July 06, 2015, 01:43:50 pm »1. currency (fiat/gov-bonds) - check
2. commodities - check (naked shorting)
3. businesses - check
http://www.bloomberg.com/news/articles/2015-05-06/snb-boosts-stake-in-apple-exxon-in-37-5-billion-u-s-portfolio
4. real estate - if it has a mortgage, then the bank owns it already
5. immutable property (crypto)
people compare bitcoin (5) with gold (2) ..
would you consider gold being part of 5 also?
No, I should have been more specific about this new 5th class of asset that is unique from all the rest because it is both immutable and omniscient (both features are integral to creating valuable transparency) meaning that you do not know how many ounces of gold are buried under the Vatican, but you do know how many BitShares there are out there.
If there are 2 things that free markets just adore, it's transparency and profits.
Why?? Because increased transparency means reduced risk.