Cryptocurrency has arrived like an armada of cockroaches that the bankers cannot control. The bankers can not touch them; they can not take them away from the rest of us. Why do you think Fedcoin is going to be a possible alternative? Because they can’t remove cryptos so they are going to join in and try to contaminate the good ones like Bitcoin. But that is not going to work. As soon as you get a gold backed cryptocurrency, start the countdown, it’s game over.
Bitcoin in particular is serving something as a proxy for currency in a very constructive manner. Once one of these turn into a gold backed crypto, the entire game changes. If Russia and China backed their currencies with gold, do you think that would have an effect on the USD? Hell yea. So when a gold backed crypto is launched or eight of them, one from every continent, do you think that is going to have an effect on the shabby cryptos? Yea, but it will be worse than that. This would have an effect on all paper and FOREX currencies because we are not in the infancy stage of cryptocurrency anymore. We’re in the adolescent stage and it becomes adult hour when gold backing is introduced. That’s when it will be game over for the criminal banksters.
Times have become very dangerous right now for the US dollar’s primary role among the currencies because all the wars have terminally compromised it’s integrity. The dollar isn’t supported by international oil and gas trade so much anymore as it is supported by aggressive military action with war crimes on a global scale and the people are sick of it. This is a very tenuous situation for a global reserve currency.