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Crypto Talk Radio: Basic Cryptonomics
#Bitcoin “Death Cross” Spooks The Crypto Markets

Okay.

Crypto Talk Radio: Basic Cryptonomics
#Bitcoin “Death Cross” Spooks The Crypto Markets

For $300, you give me 300 bucks.

Crypto Talk Radio: Basic Cryptonomics
#Bitcoin “Death Cross” Spooks The Crypto Markets

They care.

Crypto Talk Radio: Basic Cryptonomics
#Bitcoin “Death Cross” Spooks The Crypto Markets

They just don't care enough.

Crypto Talk Radio: Basic Cryptonomics
#Bitcoin “Death Cross” Spooks The Crypto Markets

So there's a threshold, 10,000 bucks or more.

Crypto Talk Radio: Basic Cryptonomics
#Bitcoin “Death Cross” Spooks The Crypto Markets

Legally, when there's a $10,000 or more transaction, cash transaction, you're supposed to report it.

Crypto Talk Radio: Basic Cryptonomics
#Bitcoin “Death Cross” Spooks The Crypto Markets

So if you go to the bank and you do $10,000 cash, the bank has to report this large transaction because they're trying to get ahead of, you know, money laundering and theft and all these things.

Crypto Talk Radio: Basic Cryptonomics
#Bitcoin “Death Cross” Spooks The Crypto Markets

The reason I'm breaking that down is so you understand what the whole point of goldbacks was originally to be.

Crypto Talk Radio: Basic Cryptonomics
#Bitcoin “Death Cross” Spooks The Crypto Markets

It was to get to where the value of gold was used for the form of currency.

Crypto Talk Radio: Basic Cryptonomics
#Bitcoin “Death Cross” Spooks The Crypto Markets

And somebody had the idea of creating its own type of currency that's gold.

Crypto Talk Radio: Basic Cryptonomics
#Bitcoin “Death Cross” Spooks The Crypto Markets

It's real gold that does not necessarily tie to fiat equivalency.

Crypto Talk Radio: Basic Cryptonomics
#Bitcoin “Death Cross” Spooks The Crypto Markets

The flaw is that gold in of itself, just getting it is a Fiat transaction.

Crypto Talk Radio: Basic Cryptonomics
#Bitcoin “Death Cross” Spooks The Crypto Markets

No matter what you do, even though gold and Fiat are not connected, just getting it is a Fiat transaction.

Crypto Talk Radio: Basic Cryptonomics
#Bitcoin “Death Cross” Spooks The Crypto Markets

So I took a different stance.

Crypto Talk Radio: Basic Cryptonomics
#Bitcoin “Death Cross” Spooks The Crypto Markets

I said, well, they look collectible to me.

Crypto Talk Radio: Basic Cryptonomics
#Bitcoin “Death Cross” Spooks The Crypto Markets

I'm looking at them.

Crypto Talk Radio: Basic Cryptonomics
#Bitcoin “Death Cross” Spooks The Crypto Markets

I like the artwork on them.

Crypto Talk Radio: Basic Cryptonomics
#Bitcoin “Death Cross” Spooks The Crypto Markets

They look collectible to me.

Crypto Talk Radio: Basic Cryptonomics
#Bitcoin “Death Cross” Spooks The Crypto Markets

Some of them are in limited supply.

Crypto Talk Radio: Basic Cryptonomics
#Bitcoin “Death Cross” Spooks The Crypto Markets

So the Washington DC one I talked about,