The central bank of China is looking into developing a national cryptocurrency. Do you think this will hurt the dollar?

@BIueMetalChic: Why should I talk to someone about investments and assets when they are so dumb that they think that an investment that grows in value relative to currency is worse than currency? Nobody makes investment with the hope that it'll stay stable. They put money into things because they want returns. And you know what happens more often than not? THEY GET RETURNS. If it didn't profit across a large number of investments, it would be a gamble and wouldn't be worth it.

And you seem to be totally missing the concept that investments have value that is not heavily tied to a currency. Assets like precious metals don't have any ties to currency. What this means is that when currency is inflated, these investments are protected from it. Can you grasp that?

The reasoning you use is so dumb that small children could refute it. You're so ignorant to the way the financial world works and the state of things that you might be worse off than them -- at least they have a clean slate to work with and not your delusions.

I'm blocking all of your alts because I'm tired of your moronic hostility. Don't make more, I'll block them and delete the posts. I don't want to waste more time on you because I know nothing gets into that thick skull of yours. Have a nice day.

@Cierzo: Limiting the amount of a currency isn't the point, nor is manipulating the value. The real gain in my opinion is in creating honest markets that can't be manipulated by phony futures contracts that can't even be used to collect real assets.

@theowl: Order is kept through the blockchain. In essence, the blockchain is a publicly held record of all transactions using crypto wallets. What keeps attackers from creating fraudulent transactions is that the blockchain uses an asymmetrical (public and private key) encryption scheme so that in order to send money you need to encrypt a message using the private key that only the wallet holder has and containing the public key of the receiver. It's basically the same as guessing a password, only it uses a long random key making it a lot less vulnerable.

@iamharry: Why would they have to? Cryptocurrencies lead to an inherently more sound financial system. In order to sell something, you need to actually own it. In our current financial systems, you can just make up contracts and sell those as if it were the real thing in order to manipulate the prices of assets. Banks routinely get away with it, and everyone knows it, so I'd imagine if a national cryptocurrency was put in place, then investments would pour in