I was reading through some comments on this post: https://communities.win/c/GreatAwakening/p/12jd0GCP85/cashless-bitcoin-and-the-devil-w/c/
And realized, I have shrugged off crypto because I simply don't understand it. For someone like me who is now realizing it's a good idea to get involved, how do I do it? It's very overwhelming, but I'm committed to learning. Let's talk!
Why is this stickied? Crypto is absolutely the #1 way to eliminate the cabal from our banking system.
What is value of crypto to patriots?
1 alternate governance. By eliminating the central bank, you eliminate the cabal. How does it eliminate the cabal? The current system revolves around debt. The crypto system revolves around value. That's a HUGE difference that people that see only crypto's current "speculation" phase might miss (and you can be forgiven for missing it, as it's been pretty spectacular)
2 ecosystem. The amount of innovation that will develop in this space will be stunning. Crypto will NOT grow to mirror the current financial system. Why? Because it out-competes it at every functional level. Don't believe this? It's already happened with (seriously) cell phone minutes! LOL—
https://mag.n26.com/m-pesa-how-kenya-revolutionized-mobile-payments-56786bc09ef?gi=4aa2e5f8d0fb
3 eliminate counterparty risk. By settling via math and consensus algorithms, your transactions cannot be censored or reversed. LThey are immutable. edger values can be seen but not attacked. That means no more theft? No more assholes!
4 cost. Have you ever wondered how many important transactions are "costed out" and don't happen because the transaction costs today make price them out? By offering low or nearly even zero transaction fees, you eliminate the invisible walls inherent in the traditional banking sector. This extends banking services to the unbanked, allowing them access to value creation, storage, and freedom of opportunity. There is a ton of undiscovered value out there.
5 automation. AI-driven smart contracts will become so smart, that they will work for you, often without your knowing. All you will need to do is describe a value proposition to that contract (IE, via a conversation with the AI) and get to work. Doesn't matter if its unique. Need a well dug in a small town in Africa? Let's get the contract going and get digging. Crypto will drive real world results. Africa needs 10 million wells dug in the next 25 years.
I could go on....
We have to make sure that crypto develops the right way to facilitate these advantages.
The post you're talking about is against crypto. With all the recent developments linking your "vax passport" to "digital ID", crypto wallets are next. Do you really want to rely on a system that could just turn off your money if they deem you a dissenter? I'd rather wait until this craziness blows over and invest in some silver. Crypto right now is full of pump and dump scams, too. The value of most coins is highly volatile, too. Tread carefully, fren.
Vaxx passports, carbon credit and digital id are different from cryptocurrency.
See cryptocurrency or more specifically the blockchains have a feature called smart contracts, which is basically decentralized applications running on blockchain with the blockchain as it's distributed database.
This is how they intend to operate the "carbon credit/vaxx passport id" system, it'll all be combined, because the technology is cheap, secure and reliable. If blockchains didn't exist they could have easily built it all on their own already existing server farms too.
But wait a minute, why have carbon credit if there's dollars and fiat currency you might ask. Well simply put fiat is and was always doomed to fail, it has built in permanent inflation and will drop to zero value within just years, any profit from the inflation goes straight down the globalists own pockets which they then use to build the infrastructure the new world order needs to enslave humanity.
You won't have to pay electric bills, you can't buy electricity, you get a certain amount of carbon credit which you can then spend on electricity. This is all done on demand to encourage you to save and live "environmentally friendly". Once you're out of carbon credit no more power for you. Every single device will be "smart" and interact with this network.
I don't know exactly what role cryptocurrency will have in all this, but you should know that cryptocurrency is how you pay your bills on the blockchain, so it will be the real actual money of the future, but the elite will claim monopoly over it by tracking down holders and perhaps offer you to join them, or die. This to eliminate any threat. Humans are also corrupt by nature so crypto will be the black market money as well.
Thank you for the insight. I definitely want to tread carefully here! It's why I wanted to make a more general convo about crypto.
The parts from the linked post that got me thinking, though, were these:
"BTC to me is one of the things that will help return power to the people. It's a direct threat to the central banking cabal that runs almost every single country in the world."
"Blockchain is the future of humanity and a major part of the great awakening."
"There are already 'privacy coins' like Monero, ZCash, Horizon etc. This tech is moving faster than the DS can keep up with, and in the end the winner will be in favor of 'the people's privacy and in our best interest."
"Study up and pay attention people, we are witnessing the first transformation of money in over 5000 years."
Just made me want to dig a bit deeper :)
You're all good, I'm glad you're researching it properly before investing. The thing about privacy coin is a fallacy imo, because if I pay with cash at a shop right now, there is no way to trace that money back to me. It's different with crypto, your wallet addresses stay the same, all your transactions will be able to be traced. Right now you can still make a wallet without providing government ID but more and more they require ID and / or your phone number. However, most crypto trading websites won't let you trade without a government ID. There is no reason the government or any site couldn't just ban your wallet address and ID-gate the making of new ones. Anyhow, right now you can still make a buck, and as you said, tread carefully and diversify! Bless you fren.
Very interesting, appreciate that perspective. This is why I like to do my due diligence! Bless you as well
Make sure you have a hardware wallet. Put the majority of your assets on that wallet
Great tip, thank you
Also note, keep your pass phrase hand-written and locked in a safe. Even if you lose your hardware wallet you can still recover it with the pass phrase.
Stamped in steel if possible. Ink/paper can wear and fade. Think long term/disaster too!
Listen to a variety of Andreas Antonopolous videos.
Start here, and work your way to more modern videos.
https://m.youtube.com/watch?v=l1si5ZWLgy0&pp=sAQA
Learn about:
Also, tl;dr:
The decentralized nature of blockchain will be an analogue of the internet for the financial market. The central bankers and regulators will no longer be capable of cucking everyday people out of acquiring equity in the economy. Bullshit like "accredited investor" (e.g. wealthy person allowed into the club) for venture capital will do the dodo. Meaning that one of the most lucrative (although granted most risky) vehicles for acquiring generational wealth will finally become easily accessible to the people.
Once a critical mass of the population realizes this and participates in the economy in such a manner people will realize:
Thank you for this! Love the TLDR, very insightful. I'm going to dig into this big time tonight
Very interesting. But I guess my question is: why not just buy real gold and silver then?
Awesome, thanks!
wasn't me, I'm very interested. thank you for the extra resource here
What is to prevent some hacker from messing with it?
There's always the option of forks. If a terminal exploit is found then chances are that there'd be a migration to a fork that remedies the exploit, possibly including any damage caused by it.
Think of Bitcoin as the world's largest "bug bounty." Did you know? All Bitcoin addresses can be publicly inspected. That means a hacker can get started anytime he wants attacking your ledger address where your coins are. So far, no hacker has been able to take them. Then how are coins lost? People storing their coins on exchanges that get hacked, or who aren't careful with their seed phrase, or who get tricked. Soon, coins will eliminate those risks.
Even the simplest understanding of crypto currency shows why it is a fraud and why you should never use it.
These facts eliminate ALL possible valid reasons for using crypto currency. It is not private. It is not fungible. It is not secure.
What should you do instead?
Do what every sane person has ever done. ACCUMULATE REAL WEALTH. Own property. Make that property produce income for you. Get valuable skills that are ALWAYS useful. Raise a family. Make friends. These things will survive ANY economic disaster, including hyperinflation or whatever. Bonus points if you focus on food production, as you can't eat gold, ammo, or paper currency.
I appreciate your perspective here, fren! Thank you
Thank you, I'll begin checking these out
Thanks for the addition. I definitely am at the learning stage and not ready to jump in. Get rich quick isn't my goal, really just to understand how this whole world works and maybe invest in the future. Thanks!
Just buy silver or gold !
Check out https://revolutionpopuli.com/
Their goal is to create a decentralized block chain based app store for social networks and media, in tandem with a crypto clearing house that will operate with their RVP token.
Those who purchase this token now are early to the party. Their Mainnet will launch in Q4 of this year, along with some basic apps. Right now the token is worth around .03 cents. It is a highly undervalued gem.
The reason why I decided to invest in their cryptocurrency above others is that I believe in their vision of an internet without centralized control like Zuckerberg and Dorsey.
Fascinating, thank you for sharing. I love the idea of a decentralized internet as well
If you want to buy their crypto right now, it will be a bit of a hurdle.
You'll need a wallet like Metamask that can access Uniswap. As RVP is not yet hosted on sites like Gemini and the like, you will need to purchase ETH to trade for RVP using Uniswap. That is how early to the party we are with RVP. Once their Mainnet launches, the coin will be fully listed. By that time, you'll be looking at likely a .50 cent or $1 coin, not a .03 cent coin.
If you are interested in how to do this, I can certainly walk you through the details in more depth.
Yea that would be great if you could walk me through it. Full disclosure, I have a lot of reading to do before I think I'll feel comfortable making any buy decisions, but I'd still love to hear how to do this.
I recommend George / CryptosRUs on YT. He does two streams a day, keeps it really simple and basically advises newbies to follow a 50-25-25 rule. 50% - BTC, 25% - ETH and 25% Alt Coins (like ADA, XRP, DOGE). Coinbase/Cryptos.com to purchase, and if you want to trade esp. for a coin not on either of those exchanges, buy some XLM (has really low gas fees) and send over to the KuCoin exchange.
p.s., stay away for levering unless you want to get wrecked!
Thanks! I'll check out his channel
You are welcome pede. If you run into any questions, let me know!
Personally, I use Coinbase Pro and just put in a couple dollars every paycheck. Whatever is comfortable to you.
Now the hard part: sit back and wait.
If you don't hold your keys, you don't own your coins!
This is why I invested in a Ledger Wallet.
The Ledger Wallet looks really interesting, I'll dig more into that. It looks like it's essentially a one-stop-shop for all things crypto? Am I right on that?
Smart. Own a backup as well. Congrats? You own your coins!
You can buy on PayPal along with a few other crypto. I like etherium and Bitcoin Just search for apps that let you buy crypto If any pedes think buying etherium is bad please let me know. I thought it looked promising but only did limited research. The majority of my crypto is Bitcoin.
Every crypto coin is fundamentally, transparently a pump-and-dump scheme, predicated on yet another contrived intermediary currency with zero intrinsic value.
No value is ever created, so it is, by definition, a zero sum game (or worse, because these are usually actually negative-sum games due to the wasteful, value-destroying "mining" schemes employed). And, like poker, if you cannot immediately spot the sucker when you sit down at the table, the sucker is you. You will end up holding a worthless bag of nothing, and you will have nobody else to blame but yourself, and your greedy desire for money-for-nothing.
I presume people here are realizing this, because while there used to be dozens of cryptocurrency posts here every day, this is the first one I can personally recall seeing here in weeks. "Conspiracy people" appear to have paradoxically tended to be attracted to cryptocurrencies, which is odd, because these are all basically scams, dependent entirely on the "greater fool theory", that simply transfer money from the gullible to the connected.
Im in agreement with you anon. It's a big scam.
Several coworkers I know personally have lost thousands attempting to cash out their coin-wallets.
Capital gains/crypto taxes coupled with the exorbitant wallet fees in order to actually transfer your money to your bank acct figuratively translates to ~30% +/- of what you'll actually get from your crypto "value".
It's also rather suspicious the crypto phenomenon began relatively soon after the silk road was shut down and prominent coin "creators" such as Buterin (Ethereum) are outspoken pedophile leniacy advocates...
I say no thanks. I wouldn't want to knowingly contribute to a someone who speaks out defending child porn as a victimless crime and equates pedophilia to harmless self indulgence.
Money is just language used to communicate value, whether it is shells, shiny rocks, paper money or goods, it all is the same and gains value from people wanting it.
"Every crypto coin is fundamentally, transparently a pump-and-dump scheme".
Please tell me you have read the white papers of all crypto currencies to come to this conclusion.
Digital scarcity IS a new thing. While 99% of crypto may be pump and dump ICO etc, a few are actually solving real world use cases using blockchain and crypto assets.
"Digital scarcity"? 🤣
A scarce worthless thing is... yes, that's right. Absolutely worthless.
The idea of digital money in the past wouldn't work because you can always copy bits of data.
If you can just copy/paste inflate your bank account all money would be worthless because everyone would have them.
By creating a digital asset that cannot be copied, bitcoin solved this issue which is at the crutch of financial enslavement. Rather than be at the mercy of the Fed reserve which can issue dollars and devalue your currency. Bitcoin has rules which has to be followed, one is that there will only be x amount ever created.
Like a gold mine with limited resources.
This is why something that is both digital and scarce has value.
Value still depends on people wanting said object however.
Clearly someone who has read every whitepaper on every coin would know how the monetary system works so they know what to look for in a possible solution?
No, money should be those things, but the current system does not reward value creation.
I agree with you, maybe I was unable to articulate what I meant. I am all for the ability of people to decide what they will use as value/trade and get away from centralized Fed enslavment organizations.
Utterly retarded take. Just off the top of my head, what is the value of crypto? 1 alternate governance. By eliminating the central bank, you eliminate the cabal. 2 eliminate counterparty risk. By settling via math and consensus algorithms, your transactions cannot be censored. 4 immutability. Transactions cannot be reversed. Ledger values can be seen but not attacked. 5 cost. By offering low or nearly even zero transaction fees, you eliminate the invisible walls inherent in the traditional banking sector. This extends banking services to the unbanked, allowing them access to value creation, storage, and freedom of opportunity.
We have to make sure that crypto develops the right way to facilitate these advantages.
I think the poster was referring to the fact that there is ZERO backing to crypto-currency; it's all just electrons. The rise in "value" of say, bitcoin, is similar to the famous Dutch tulip bulb investment bubble of 1800's (or was it in 1700's?). All these things favor those who get in early, and get out before it's too late.
It's not just math, it's basic math.
And reality.
SHA-256 is basic math?
The concept of a zero-sum game is basic math.
The concept of worthless being worthless being worthless no matter how many factors you want to multiply it by... is basic math.
Encryption, hey that's great. Blockchain, very cool. Many potential applications. Hurray!
But these "cryptocurrencies" themselves, I'm sorry, they are intrinsically worthless, and for every winner, there will be a corresponding loser. And that selection ain't gonna be random.
Correct. But, as it relates to the discussion, this is just "word salad."
It's patently not.
It's plainly stated, and directly descriptive of the core matter.
Your telling retreat to slurring an indisputable, relevant, clear statement as "word salad" isn't going to change that.
Cat got your tongue? Reply to the my other reply? Maybe some Russian dressing to go with your word salad?
I'm just kidding around with you. I'm literally living in a house that was 100% paid off this year thanks to crypto. I don't need discussions blathering on about intrinsic this or that.
"Utterly retarded take"?
This, from the clown who just called for hangings for the first people in the media to publicly, painfully admit they were mistaken. The hell?! Be better.
But back to cryptocurrencies, no amount of "irreversible transactions" and "reduced inherent walls" or "low transaction fees" can wave away the mathematical fact that cryptocurrencies are nothing but zero/negative-sum games, based on intrinsically worthless tokens. As early entrants pull their money out, they are all destined to be laughable GTZ propositions.
Again, waiting for your explanation here, because saying it doesn't make it so:
Again, if you can't see the value in the features I outlined, then, there's not much to discuss.
Huh? It's quite clear what I've said is so, and it's about as uncomplicated as it gets.
Meanwhile, you're doing so toe-tapping routine while repeating the word "knowingly", and then declaring victory or something. It's frankly bizarre.
But aaaanyways, features, I'll bit. So what do "features" matter when the intrinsic worth is nothing.
That's like saying the shipping and handling fees were surprisingly low, and the customer service was helpful and polite, on the $800 you dropped for those super rare, highly collective beanie babies on QVC. I guarantee any "features" won't matter when the intrinsic worth(lessness) of what was bought is finally realized.
Because when the ledger value in question is legally recognized as representing the transfer of ownership of a house (or a 787 or an oil tanker), that token has value.
Not once have I argued that it has intrinsic value. But your argument failed to explain why it must have intrinsic value in the first place. There are thousands of chains with useless tokens. Why can't I get free Bitcoin?
You said it yourself. We could use shells, or anything we want, whatever people recognize. Now, let's see, which has better features... An immutable token everyone on the planet can see, or your bag of seashells?
Well, let's see, what's that "token" worth?
Current price of Bitcoin. Next.
https://boards.4channel.org/biz/catalog
OP, do not listen to this..the /biz channel on 4chan is nothing but people spamming their pump and dumps.
lol ok, thanks for the tip
Made $200k plus with Link and Fantom. Need to know how to filter out the trash. People pump and dump EVERYWHERE