Gray Matters by Stuart Carlson and Jerry Resler for July 22, 2022

Somebody should tell him to use a mattress.

Well… Everything !

Go wrong- go wrong- go wrong-

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If you can’t hold it, you don’t own it. That’s like buying gold from a place that only gives you a certificate and not the physical gold.

Well…I can own stock, bonds and mutual funds where I don’t have paper, BUT…it’s well regulated, there are major financial organizations and companies managing the market which is 99.9% based upon REAL companies with REAL assets and REAL financials.

Block chain is an excellent TECHNOLOGY for managing transactions.

Cryptocurrency uses block chain to maintain a secure and decentralized record of transactions. The company “creates” money, people buy all or a part which establishes its value. There is no central market or regulator. For a while it only went up (see Dutch tulip market) and now its down, but probably will go up or down and down or up, not based upon the economy or a company’s profitability BUT on the ability to get somebody else to buy into it.

PS…last rant…consumes WAY too much electricity! If my A/C or heater goes off in a blackout, I’m NOT going to like reading that my power company kept selling electricity to cryptocurrency companies because they are willing to pay a higher rate! Hospitals – yes! Bitcoin – No!

Most of the losses involve companies that hold the digital wallets. The passwords are shared out of necessity of trade, and then the fraud starts.

For an old strip, today’s is still relevant. Guess some people never learn.