SHEsaysWITHaSMILE.blogspot.com

turns out i was write. (me!) ~topps

 this is not an i told you so; (w/arrogance); although i do have a certain gratification vibe traveling through me

rather, it is  -turns out i was write (?) (slightly shocked and humbled) or better explained:  turns out I (ME!) the math-is-not-my-greatest-strength person..     was write!

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and now in a very pedestrian, layperson way, i will share.

while it is true, i am a words person, not a number person, it is also true that i'm pretty sharp when it comes to seeing patterns.

i don't really understand our banking system in a scholarly way..

i definitely do not understand bitcoin/crypto currency in a technically savvy way..

but still, 

-from the onset, when the topic of crypto currency entered our casual conversations with family and friends..

-from the onset, i predicted that it would follow the same pattern as our regular currency.

that is to say, -with our regular currency and regular banking system..   banks were created..  people starting depositing their money..   something happened..   when people went to get their own money back for this or that..  the bank simply did not have the money to give.

THIEVES!  The bankers literally stole their money.   /let's skip what consequences were or were not exercised.

and so, from this crisis, the FDIC was born.   And my layperson understanding, is that this FDIC is the organization that  -guarantees-  money you deposit, is insured.. so to speak, so that you will also be able to withdraw your own money at will. 

-k, 

now, that's what i predicted  "who is guaranteeing that the bitcoin/crypto currency you deposit will be there when you want it?  -how is it insured?   my guess, is that, people will go to get or spend their crypto currency and, one day,   -same thing..   it's gone.   THIEVES!"   (consequences? who would we hold accountable?)

but then, a crypto/digital/online/world wide web version of the FDIC will be born; and everyone will start over, and look for a new seal, from a new organization.. which -insures- so to speak, your crypto currency deposits. 

so, that's what im waiting for..      the new crypto version of the FDIC...  and curious what they'll call themselves and what their seal will look like..

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fun bein' write.    amen. 

posted by SANDRA HARRISON KAY @ 1:09 PM