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Why Digital Currencies Shouldn't Spark Fear: Stock Market Problems

Monday, October 16, 2023 at 11:54 AM

Digital money shouldn't spark fear, and it's accessible to anyone, according to Ian Reynolds, a beta tester at Quantum Stellar Initiative.

Reynolds appeared on KHOZ's "Around The Table" on Monday to discuss digital currency. He said it's another option in contrast to the stock market, which he said comes with many problems. For instance, the stock market works best for a certain group of people.

Reynolds said it's "designed for an elite group of people" with resources and knowledge that other people don't have. There's another issue.

He said that some exchanges are located in other countries and hinted at the difficulty of obtaining stock in such countries.

The IMF

He explained that the International Monetary Fund (IMF) has sought to speed up how money moves between accounts. He pointed out that checks will at times clear bank accounts within three days.

Why Digital Currency?

Reynolds cited the ease of access for everyone to get into the digital currency market, specifically with Stellar. "Quantum computing" is the foundation of this system.

It's basically a super powerful computer; Reynolds said it rivals any currently available "supercomputer." Also, the programming is open source. Additional information is online; more was discussed on the broadcast.

The full interview with Reynolds is on the "Around The Table" Facebook Page.

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