It's not just adult industries that use bitcoin. I think you're either misinformed or refuse to learn what Bitcoin is and how it's used (just like how the left refuses to look into election fraud).
Bitcoin is a decentralized, "anonymous" (notice quotes) currency. I've used bitcoin to buy food. I've used bitcoin to pay bills. I've been paid in bitcoin. I know people who have used bitcoin to buy drugs.
'
It's not a sex crazed currency. It's a popular currency that people like because it beats inflation among other benefits.
I think you need to truly look into what bitcoin is and how it works because no offense at all, but it sounds like you just don't understand what Bitcoin is.
Inflation is created in the US because you guys keep voting in POS politicians that keep printing a large amount of cash. Why else do you think the republicans refuse to blatantly spend cash on frivolous things?
Do you think Bitcoin being decentralized gives it a sense of security? How is it going to be regulated, overseen? Do they have something like SEC?
My reason is beyond the sex-crazed statement. But sins (fornication) will keep multiplying.
Why do you care if cartels like US dollars? People are complicit with their actions by continuing to purchase their goods. That is their fault. Also, we have LAWS surrounding the US currency. You can't use it for illicit behaviors.
Not how blockchain works. You're referring to a 51% attack. The number is arbitrary... what happens is as mining power increases your odds of being able to mine multiple blocks in a row increase, you can still pull off this attack with < 50%... All transactions are still valid, the hashes have to match, they can't control the network, they can do things like re-organize the blocks. Theoretically if someone had enough mining power they could send funds to one person, then after that person has received funds and acted on the belief they have the funds, the miner could attempt reorganizing the blockchain and moving that transaction to a later block and a different transaction spending that same balance to an earlier block... at that point the later transaction would become invalidated. Almost everyone operating on bitcoin is aware of this and requires you to wait for multiple confirmations to prevent these kind of attacks. If you are waiting for 12 confirmations for example it's virtually impossible to re-organize blocks that far back, you'd have to have half of the computing power in the world to pull it off. Not cost effective.
Also modern blockchains like ethereum are moving off of proof-of-work and over to proof-of-stake so it's a non-issue
Explain what you mean. Because the miners themselves can't damage the network or exploit it. If 50% are in one country, then that's it. They are in one country.
There seems to be no correlation between fiat performance and crypto performance. You're essentially saying the stock market is anchored to USD because people use USD to buy stocks
What happens when one of these crypto banks decides to close your account over political, social, religious, or educational leanings and speech?
Because that's where all this is going if [they] get [their] way.
What happens when the other crypto banks and exchange services decide to shut accounts down over the above listed leanings?
Because that's where this is going if [they] get [their] way.
I don't like the Central Banks or the fiat currency system we have any more than any one else here.
BUT...
At least they have rules and regs about what they can and can't do with YOUR money when they close accounts.
Btw, anything given freely, and accepted freely, can be taken away...just as freely as it was "given." ESPECIALLY crypto currency that the uber riche control.
You have no clue how crypto works. It is fully decentralized, you do not have to use third parties. If you chose to that's your own right... I manage all of my crypto wallets myself, nobody can touch them.
Conventional currency is a scam. They removed the gold standard in 1971 and since then, how's the state of the world gone? You think central bankers have no role at all with the state of the world? What a joke to believe that Bitcoin, a community driven, auditable, open source, distributed and decentralized blockchain, is somehow a scam. You have no idea what the fuck goes on behind closed doors at the Fed.
It doesn't matter what the "prices and exchange rates" are. Gold and silver are actual real money. They don't change in real value, except for silver getting slightly rarer.
60+ years ago, you could take a silver dime to the store and buy a loaf of bread. Today, you can take the current dollar value of that silver dime and still buy a loaf of bread. In other words an ounce of silver is worth 10 loaves of bread.
100 years ago, you could take a $20 gold piece (an ounce) and buy a really nice suit of clothes. Today, you can take the current dollar value of an ounce of gold and still buy a really nice suit of clothes.
Gold and silver are still worth about the same now as years ago. The fact that we have entirely new categories of products to buy obscures that a bit.
The main reason to buy gold and silver is as a store of value. After you've bought all your prepper supplies, if you've got a good bit of money left over, spend it on gold and silver. If everything goes to crap, you will have some wealth after things recover and return to some kind of normal.
When Nixon removed us from the gold standard, he put a wage and price freeze into effect to delay the resulting inflation. The inflation really kicked in during Carter's administration. When wages and prices started to zoom up, of course the dollar value compared to gold and silver went down. It's simple supply and demand. Our dollar is nearly worthless compared to what it was in 1913.
a foundational internet technology that is not controlled or influenced by any single individual or entity. >
This is the part that I have always had the most trouble with. Understanding that as long as there is any powerful technology in finance or military or "free internet" or any field that will give the evil bloodline families control... will only be allowed temporarily as a feeder gateway toward their end game of total control of the people. Only God will beat that shit...so until then I'll be praying.
Is it true that most of Bitcoin is mined in China? Is there a country that sponsors it or a country of origin? How will Bitcoin fare with Trump EO 13959?
No offense, but if your reason to not trust Bitcoin is because Jack support it, then you truly don't understand Bitcoin.
Bitcoin is for weak-minded sex-crazed idiots. Elon Musk showed you the truth and reaping weakling's money.
Wait are you being serious? If so, why do you think that?
It has been for years, in case if you haven't been listening. Why else do you think a lot of adult industries use bitcoin?
It's not just adult industries that use bitcoin. I think you're either misinformed or refuse to learn what Bitcoin is and how it's used (just like how the left refuses to look into election fraud).
Bitcoin is a decentralized, "anonymous" (notice quotes) currency. I've used bitcoin to buy food. I've used bitcoin to pay bills. I've been paid in bitcoin. I know people who have used bitcoin to buy drugs. '
It's not a sex crazed currency. It's a popular currency that people like because it beats inflation among other benefits.
I think you need to truly look into what bitcoin is and how it works because no offense at all, but it sounds like you just don't understand what Bitcoin is.
Inflation is created in the US because you guys keep voting in POS politicians that keep printing a large amount of cash. Why else do you think the republicans refuse to blatantly spend cash on frivolous things?
Do you think Bitcoin being decentralized gives it a sense of security? How is it going to be regulated, overseen? Do they have something like SEC?
My reason is beyond the sex-crazed statement. But sins (fornication) will keep multiplying.
Why are you here? They control voting machines. No one votes these people in. Btw you have no idea how the economy works or inflation.
Again: go research how bitcoin works. Understand the blockchain. Understand mining. It's created without regulation. It's created to bypass banks.
You have a choice to use Bitcoin. You don't really have the choice to not use the US Dollar.
Why do you care if cartels like US dollars? People are complicit with their actions by continuing to purchase their goods. That is their fault. Also, we have LAWS surrounding the US currency. You can't use it for illicit behaviors.
Bitcoin can be trusted because it can't be manipulated. It's impossible for anyone to control Bitcoin like they can with other currency.
Hmm. If enough miners (>50%) are in one country, and that country nationalizes said miners, they could control the network.
Not how blockchain works. You're referring to a 51% attack. The number is arbitrary... what happens is as mining power increases your odds of being able to mine multiple blocks in a row increase, you can still pull off this attack with < 50%... All transactions are still valid, the hashes have to match, they can't control the network, they can do things like re-organize the blocks. Theoretically if someone had enough mining power they could send funds to one person, then after that person has received funds and acted on the belief they have the funds, the miner could attempt reorganizing the blockchain and moving that transaction to a later block and a different transaction spending that same balance to an earlier block... at that point the later transaction would become invalidated. Almost everyone operating on bitcoin is aware of this and requires you to wait for multiple confirmations to prevent these kind of attacks. If you are waiting for 12 confirmations for example it's virtually impossible to re-organize blocks that far back, you'd have to have half of the computing power in the world to pull it off. Not cost effective.
Also modern blockchains like ethereum are moving off of proof-of-work and over to proof-of-stake so it's a non-issue
How does a soft fork affect the network?
The cost of that is outrageously high
Explain what you mean. Because the miners themselves can't damage the network or exploit it. If 50% are in one country, then that's it. They are in one country.
Which China literally already has
I will never not upvote doge coin hahahaha
1 Doge = 1 Doge
Sorry OP but you're wrong, Bitcoin is about the only thing you can trust, it is literally a proof-of-trust model. Fiat is what you can not trust.
Oh, hey, I was right. There are good reasons to avoid crypto and this just shot up to #1
@jack also recommends brushing your teeth. Don't be a dumbass and hate something just because @jack is for it.
Except that if The Powers That Be wanted to shit on a virtual currency, they would. They have that power.
Probably already laced Covid in Chinese face masks.
Lin Wood said to trust real gold and silver.
Bill Gates loves bashing bitcoin.
Never did. It's based on the dollar, for fuck's sake.
No it's not?
“anchor[ed] to the price of national currencies like the U.S. dollar, the Euro, and the Yen,”
There seems to be no correlation between fiat performance and crypto performance. You're essentially saying the stock market is anchored to USD because people use USD to buy stocks
What happens when one of these crypto banks decides to close your account over political, social, religious, or educational leanings and speech?
Because that's where all this is going if [they] get [their] way.
What happens when the other crypto banks and exchange services decide to shut accounts down over the above listed leanings?
Because that's where this is going if [they] get [their] way.
I don't like the Central Banks or the fiat currency system we have any more than any one else here.
BUT...
At least they have rules and regs about what they can and can't do with YOUR money when they close accounts.
Btw, anything given freely, and accepted freely, can be taken away...just as freely as it was "given." ESPECIALLY crypto currency that the uber riche control.
Crypto bank. LMFAO! Please learn about the topic before you talk of it.
You have no clue how crypto works. It is fully decentralized, you do not have to use third parties. If you chose to that's your own right... I manage all of my crypto wallets myself, nobody can touch them.
Crypto banks? Lol.
YOU are the bank.
IT'S HAPPENING!!!!
Goodbye @jack
https://qanon.pub/#525
Theres another one 23rd
Funny that what he argues for Bitcoin is antithetical to how he runs Twitter.
It was in part meant to undermine conventional currency, which is corrupt.
Conventional currency is a scam. They removed the gold standard in 1971 and since then, how's the state of the world gone? You think central bankers have no role at all with the state of the world? What a joke to believe that Bitcoin, a community driven, auditable, open source, distributed and decentralized blockchain, is somehow a scam. You have no idea what the fuck goes on behind closed doors at the Fed.
All of the current currency options are scams. Even gold and the other precious metals. [they] set the prices and exchange rates.
It doesn't matter what the "prices and exchange rates" are. Gold and silver are actual real money. They don't change in real value, except for silver getting slightly rarer.
60+ years ago, you could take a silver dime to the store and buy a loaf of bread. Today, you can take the current dollar value of that silver dime and still buy a loaf of bread. In other words an ounce of silver is worth 10 loaves of bread.
100 years ago, you could take a $20 gold piece (an ounce) and buy a really nice suit of clothes. Today, you can take the current dollar value of an ounce of gold and still buy a really nice suit of clothes.
Gold and silver are still worth about the same now as years ago. The fact that we have entirely new categories of products to buy obscures that a bit.
The main reason to buy gold and silver is as a store of value. After you've bought all your prepper supplies, if you've got a good bit of money left over, spend it on gold and silver. If everything goes to crap, you will have some wealth after things recover and return to some kind of normal.
When Nixon removed us from the gold standard, he put a wage and price freeze into effect to delay the resulting inflation. The inflation really kicked in during Carter's administration. When wages and prices started to zoom up, of course the dollar value compared to gold and silver went down. It's simple supply and demand. Our dollar is nearly worthless compared to what it was in 1913.
Says the man with the huge servers that are data mining.
lol is this bitcoin.win now? Everyone got so defensive all of the sudden.
Seems odd that a group of generally freedom-seeking people would shit on crypto.
It's either going to skyrocket or crash. No inbetween. Whatever. I sold at 36. I'm good. ^.^
I hope you mean 36k and not $36.00
meh I bought at 10, 20, and 37. Fine with whatever it does.
Jack loves money also. Divest yourself of your money and send it to me for safe keeping.
This is the part that I have always had the most trouble with. Understanding that as long as there is any powerful technology in finance or military or "free internet" or any field that will give the evil bloodline families control... will only be allowed temporarily as a feeder gateway toward their end game of total control of the people. Only God will beat that shit...so until then I'll be praying.
Bitcoin failed at that vision over 3 years ago. Other cryptos are where it's' at.
Is it true that most of Bitcoin is mined in China? Is there a country that sponsors it or a country of origin? How will Bitcoin fare with Trump EO 13959?