How the suicide of the state monetary system fuels cryptocurrencies

The central banks of this world are about to "liquidate" themselves: Drunk in delusion of feasibility they continue to destroy monetary value by quantitative easing and inflation which have led to the loss of the value-preservation function of public money. The downward manipulation of interest rates is destroying more and more valuable capital. The pricing mechanism has been suspended; in short , in the final phase of state money market economy has now been de facto abolished. In its final megalomania, the state actually believes that it can also gain total control over the financial subjects by means of modern Blockchain technology and they are playing now with the idea of abolishing cash. Cash - loved by the majority of its people - but annoying for the state itself.
But beware! Central banks could not render any greater gift to digital cash currencies such as DASH (= abbreviation for "digital cash") than the "cash abolition" itself . Either by banning Cash directly or - by destroying their currency themselves and leave no other choice to the customer than to pick a reliable private digital money.

"I believe we can do much better than gold ever made possible. Governments cannot do better. Free enterprise, i.e. the institutions that would emerge from a process of competition in providing good money, no doubt would."
F. A. von Hayek

It’s a great opportunity for the cupped victims of the state money monopoly: to use the better crypto-money and get rid of the kleptocratic state money. Economically it makes sense to renounce inflation and negative interest rates and to exchange good money that eventually can be hoarded like gold because it does not lose its value (because it is designed deflationary). With DASH constant payment flows are generated (currently approx. 7% positive interest!).

By simply voting with one's own wallet, facts and structures are created that make public debt money more and more obsolete. This process is is called REPUDIATION (=non-acceptance and rejection). Price gains may not just be speculation - they could be proof of Gresham's Law. Supporters of the crypto currencies are just as convinced of their money as gold-bugs, because they have experienced that even strong setbacks of various causes (e.g. stolen stock exchanges, several supposedly "burst" bubbles, even forks) could not seriously harm the value of their investment in the long term. Meanwhile even convinced gold-bugs ask how one could use cryptos for the later liquidation of the gold hoards or elegantly for short-term smaller expenditures. "Buying bread with (heavy) gold" - without the banking system - is already de facto only possible with the help of cryptos... and becoming simpler every day.

Since the DAO recently voted in favor of a proposal by vaultoro.com the only bitcoin/gold marketplace in the world is about to implement DASH on their platform, there will be a possibility to buy physically allocated gold with DASH. The competition for gold-bugs is on and late Nobel prize winning F.A. von Hayek's proposal of a gold backed private monetary system with guaranteed privacy may now become reality!

"Money is the one thing competition would not make cheap, because its attractiveness rests on it preserving its 'dearness'."
F.A. von Hayek

To Part 1 - Bitcoin & DASH - the raptors are loose!
To Part 2 - The sensual charm of Bitcoin, DASH & CO