Electronic Money Supervisory Commission

Greg Matthews Opinion

Greg Matthews Opinion

Greg Matthews, a cryptocurrency researcher for more than 5 years and a developer of @MicroGuy.com stated his opinion last Jun 19 about the topic, Cryptocurrency.

 

Cryptocurrencies like Bitcoin, Litecoin, and Goldcoin are sure to change the complexion of money on this planet forever.

When the automobile came along in the early 1900’s it took off in popularity because it simply did things faster and more efficiently than the horse and buggy. Likewise, these new currencies have innate characteristics that do not exist in centrally issued fiat money.

Cryptocurrencies allow person-to-person, person-to-merchant, and merchant-to-merchant transactions without the need of a financial intermediary. Essentially cryptocurrency transactions are “digital cash transactions.”

Secondly, cryptocurrencies are not subject to the inflationary whims of a central issuing authority. They operate more like precious metals in that their supplies and inflation rates are fixed and mathematically enforced by the participants in the network.

We are all about to witness the greatest transfer of wealth in human history. And you can count yourself as one of the lucky, that just happen to be in the right place, at the right time.