Gerald Jasper
Peak alarmist James Howard Kuntsler is a social critic like no other and he recently took to the cyber world word to talk some bitcoin. James Howard wonders what is the message the kleptocrats are sending with the rising values of these fake currencies and basically said they are the long line of many man-made financial scams going back to when tulips were fashionable to use to buy a loaves of bread at a bakery. He wonders if the backlash towards cyptocurrencies are a correct response to perceived enforcement of people into cashless societies where their transactions can be traced and days of hidden wealth and money would be kaput.
Wealthy people have a stake in maintaining availability to avoid government taxation and spying of their claimed wealth that most try to under count and Mr Howard Kuntsler also says that the amount of energy needed to maintain computers for blockchains wouldn't keep up with growth or what is needed for currency and would burn the planet dry and James Howard can't believe the value of many of these so-called bitcoin wanabees.
Mr Kuntsler is so impressed by this new form of monopoly money and is basically tan idea to turn worthless coinage like one would come across an Chuck E Cheese or arcade and make them virtually worth something and increase your money through extravagated rise in value of some fake money that is digitally created and claimed. It would be like someone creating Donkey Kong back in the eighties and declaring it a block chain of some prized value because kids dropped quarters into it for four minutes of game play. Howard Kunstler will try to form his won bitcoin cryptocurrency and name it snake oilcoin and claim its value has risen 400 % in three weeks
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