For many people the thought of using an online e-currency can be a scary thing. We have all heard the horror stories of people being scammed and money being stolen by dishonest companies, but there are some companies out there that have worked hard to build up a good reputation for being honest and do what they can to fight frauds and scams that use e-currencies.
Some black hat hacker going by the handle “Lance G” threatened to crash the site unless it gave him a $5,000 ransom. Let’s not pretend blackmail is some kind of economic indicator for the monetary viability of Bitcoin Evolution. Some even speculate that law enforcement is behind the DDoS attacks.
More exhaustive searching finally resulted in some success. We did find a place that would order us an e-giftcard for any 3 of the national pizza chains with our PayPal funds – but it was really hard to find!
The human mind is such that it makes even the most acceptable facts seem unacceptable. Brains are only prone to the acceptance of the old. Rare is the intellect that accepts the new and the novel. Coins and paper money have been in use almost since well not since dinosaurs and stone aged men clubbing women stone cold on their heads for wives but at least since the human race bitcoin became an intelligent species so to say the least.
And despite massive banking and corporate fraud, the stock market has been rising to record highs. What is causing this confidence? We still have high levels of unemployment. Growth is anemic at best. Only the investing class is doing well. Something is askew. All of this together suggests that the wealth being created at the top is based on manipulation and not fundamentals. The same flaws in the system that caused the last crash are still rampant, and perhaps even worse. We have another financial crash coming in the not too distant future. The question is not really if it will happen, but when.
Whether or not you ever need to break off the small CombiBar Gold 1 gram bars from the whole to make payments, it is still perfectly good physical Gold ownership. The premium is only a percent or two higher than a sovereign Gold coin like a Buffalo or Eagle.
There were some “freelancers” offering to provide this service, but I would caution against that. Mostly because you have to provide them with your address, which we were not comfortable doing.
At this very moment, all over the globe, approximately 85% of non cash funds are being converted to digital money…the days of World Paper Money are numbered and…there is nothing that you or I can do about it. It is the wheels of progress at work. Take it or…