Crypto Research report
Comment of the Day

April 26 2019

Commentary by Eoin Treacy

Crypto Research report

Thanks to a subscriber for this edition of Demelza Kelso Hays and Mark J. Valek’s report for Incrementum which may be of interest. Here is a section:

In the next crisis, when the negative interest rates become even more extreme and also hit private customers, they will react similarly, according to the experts of the Monetary Fund. Their "solution" is to massively restrict the use of cash in order to make it more difficult to escape expropriation through interest rate policy. Ironically, they even want to introduce an "electronic currency". With that in place, negative interest rates can be easily implemented according to economists. At the same time, they have in mind a two-tier society. Anyone who wants to pay cash in the supermarket could do so - but with a penalty surcharge. This “nudging” will herd us all into the clutches of the state electronic monetary system that they have in mind.3

Luckily, nothing is eaten as hot as it is cooked. These ideas are neither economically sound nor politically feasible. But the proposal should serve as a warning to us. By now it should be clear why Bitcoin is here to stay. Why it's needed. It's the antidote to such crazy ideas. Bitcoin makes it possible to get out of a system that is becoming increasingly hostile towards the users.

Eoin Treacy's view

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The same argument has been used by gold bulls over the last couple of decades but it has merit for all assets that sit outside the ability of central banks to lend into existence.

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