RE: America's Banks Are Missing Billions & the Government is Still Calling Crypto a Scam

So much I agree with here. I come from the old school, gold and silver are money, everything else is credit - and that much holds true within the fiat system. All stocks are merely derivative paper contracts implying inferred ownership of a % of a company's overall equity. However, it's been decades since private ownership of paper stock share certificates was the norm, so it's already all digital, within a brokerage account, which, in most cases, you can only access online as it is.

I am a firm believer in having a core cash position (USD - fuck the CAD, the AUD, GBP, CNY, YEN, EUR, NZD) with liquid USD spread across at minimum 2-3 checking accounts, 2 of which at least, need to have physical branches were you can go in-person to withdraw cash if needed. Having multiple Stores-of-Value is important as well, hence my % gold + % silver allocations. Never go all-in on any singular asset, it's never going to end well, no matter the intention.

As for crypto, I am a pluralist, I believe that we will live in a multi-chain future, with different token-swap-centric bridges, such as XMR-ETH, XMR-BTC, Hive Lightning @brianoflondon, and others. Claiming that only $BTC in its current form is valid is not only foolish, but stupid. Never put all your eggs in one basket, and never bet on only one horse. It's all a casino anyway, why not spread your risk around and see how many possible hits you can get, rather than bank only one winner?

Seems common sense to me, at least. And of course, allocating a % of your crypto portfolio to $BTC, $XMR can't hurt.

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