The American currency has value because America has huge reserves of oil and coal, the most arable farm land in the world, as well as many other natural resources which, even if the USG went bankrupt, Americans could use cargo to buy stuff. America would still have an enormous amount of natural wealth to leverage.
住友 has considerable mining interests in Colorado, where I used to live. So do other Japanese entities. Conventional wisdom suggests America's raison d’être in Afghanistan is mineral wealth. If Sumitomo has a meeting of the minds with local authorities, the Japanese would have little difficulty bedeviling the Feds. The issue is, the Japanese have, since nursery school, understood the lack of value in being cute.
Contrast Japan. Japan's exportable natural resources are little and few. Nonetheless, the Japanese currency is extraordinarily solid. Currently, a cheap yen is a soft diplomatic ploy to lure tourists to show Japanese & foreigners how a well run nation functions. Also, the Japanese are by nature extraordinarily welcoming and kind, and have become even more so in recent years. Moreover, Japan's currency has substantial value because other nations trust Japanese to responsibly manage Japan's finances, and foreign finances.
Crypto has none of these advantages. Cryptocurrencies, until now, have had nothing to leverage. Despite government warnings that investments should not be judged by past performance, what else might one judge an investment on? Faith. An oCrypt.
Cyber has a short track record. The technical age dates from the train and telegraph. Contrast currencies.
7th century BCE
The first metal coins date back to the 7th century BCE in Lydia (modern Turkey) and China. In China, metal coins were made of bronze and shaped like farming tools. In Lydia, coins were made of an alloy of gold and silver called electrum. Lydian staters were the first coins to be officially issued by a government body...
Credit Karma
Open source builds bonds. Past performance, although not a perfect indicator, is often the only indicator, and 'hi' tech has a short track record compared to organic.
How does one give a currency currency? By building something tangible in which digital purchasers (aka investors) can trust. A purchase leveraged for the greater good. Enter The Aerostate.
TA is the tangible to build faith in digital. Entities, corporations and individuals pay into 恵メグ銀行 (Prajñā Bank).
SMA is just a mess when he's angered.
Entrance fees are held in eternal electronic escrow (e3). Think of iT as Extra-Terrestrials having established a nurturing enviroment to grow life and the Triumverate is trying to explain the Hominidae to the Homo Sapiens.
If you want to get on-into Titan, you have to become a Titan. To become a Titan, you pay an entrance fee for this iteration. An annual fee provides you with personal communication devices. A stand alone fee gives you very little.
titans = a race of deities in Greek mythology
The Titans were the pre-Olympian gods who ruled the cosmos in ancient Greek mythology before the Titanomachy War. They were giant, immortal deities and considered the first generational gods born from the primordial gods, Uranus and Gaea. They ruled from Mount Orthys, and each god had its realm to rule over.
Titans are welcome to sponsor others whom they call Titans.
Digital fees would held in a trust account to validate digital currencies, as gold backed the dollar until the last remnants of the gold standard in 1973.
knocking on Fort Heaven's door
1990s? 笹が米国人。Try 19 naughts.
By Richard Smith - Flickr, CC BY 2.0 the Model A.
Each digital would have its own fund. Purchasers could pay in any currency. Depending on valuations, sum fun fund balances could be leveraged. The principal is never touched, only used to sustain value.
