Oct. 15, 2018
“Thank you, SEC, for all the good work you do for the public.” Should we be allowed to use debit cards versus cash? Some people would say, “You should not be allowed to use debit cards.” Therefore, someone will have to decide to allow the public or not allow the public to use debit cards. Now imagine, life without debit cards. Furthermore, imagine tomorrow someone disallowed the public to use a debit cards. Cryptocurrency is electronic cash. An exchange-traded fund, is a marketable security that tracks a basket of assets likes an index fund. Some people would oppose the synergy of Cryptocurrencies and an exchange-traded fund; similar to the advent of the debit card. What is synergy? Synergy is the interaction or cooperation of two or more mechanism to produce a combined better mechanism. “The Whole is Greater than the Sum of its Parts,” first coined by the philosopher Aristotle because when there's no synergy between the two, so no costs are saved.