Be careful people, this is when we really need to knuckle down and watch. I've been digging around and Bank of America has been quietly acquiring several blockchain technology patents. Now one of the fortune 500's have taken it upon themselves to start up a new company to back up the 'dollar' in a new crypto currency coin venture. This company is led by Bitmain. Everyone remembers the mining company Bitmain? Well, Goldman Sachs has put up 110$ million dollars and partnered with Bitmain, the crypto miner manufacturing giants.
Let me tell you something, we're lucky as Americans, the dollar has been losing merit for quite some time now. People are starting to lose faith in it's value. What does our government do? Print more money, that's all they know how to do. The reason the dollar has lasted as long as it has, it because oil is globally backed the dollar. The only reason oil is backed up by the dollar is because of the gold standard. When Nixon took us off of the gold standard, we literally invented the idea of a fiat currency, because it's basically forced upon us.
Now that the dollar is in trouble, we've taken it upon ourselves to make the dollar 'digital' so to speak. Now with Tether being the only digitally backed dollar, it does make sense to have some kind of alternative.
What I do like about this coin, they have made it to where "Circle" the company has to have every dollar in their actual possession that is out there on the viable market. It's a lot like a casino. They actually have the money to back up each transaction. As an American, that means a lot, considering our credible debt globally.
Facebook even banned ads, and posts about crypto currency, and now turns around and says that they are looking into doing their own crypto currency. That's the kind of thing that we have to watch everyone. American banks and companies are quietly grabbing up blockchain patents, investing in major masternodes, all of this. This year is year everyone. We can actually secure our financial future if we play our cards right.