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Why I love Cloudcoin

Posted by Craig Reaser on October 18, 2022 - 5:50am


I have been a crypto enthusiast since 2017, and in my time in crypto I was always looking for the cryptocurrency that could actually be used as money, but all I could find were posers-coins that had high transaction fees, couldn't handle many transactions, or were just slow, and most coins were a combo of all three. I discovered CloudCoin in 2020 and began to dive in. The technology was stunning to say the least. The RAIDA is capable of handling more transactions per second than VISA, Mastercard. American Express and Discover combined. When cash transactions are added in, the RAIDA can even handle all of the world's transactions at the same time. In addition, it has 0 fees (equal to cash) and transactions are instant.                                                                                                                                                                                                                                                               This made me fall in love with the technology. I had my questions and my concerns, but these were eventually answered. I also had my critisisms, but most of the critisisms I had were of the marketing strategy, which thankfully is the easiest problem to fix. I believe CloudCoin can be the solution to whatever comes from the next worldwide financial crisis. As inflation is consuming all fiat currencies right now, I think about 'Weimar Germany' and and the hyperinflation of 1922-1923. When the German Mark became so worthless that people were throwing it into the fire to heat their homes, a man named Gustov Stresemann decided he was going to create a bunch of unofficial money, which had a limited supply, and start sharing it with the public. This money was called the "Rentenmark" and quite quickly became the official currency of Germany.                                                                                                                                                                                                                                                                                                                                The lessen to be learned here is that money has whatever value people put to it. In 1923, the people did not trust the Weimar government or the money the government created. And so the culture shifted quickly into accepting new money. The age that we are headed into is an age of opportunity for CloudCoin--because it's the only viable cryptocurrency as money. And sure, asset prices rise and fall during inflationary cycles. But what comes on the other side is unforseen, and that is why I am promoting CloudCoin. I believe we have an opportunity here to create sustainable money, free of government control. And that is why I love CloudCoin.                                                                                                                                                                                                                                                                                                                                                                                                             ANTHONY TRUCANO, Director, CloudCoin Consortium