What do you think happens when paper money or gold and silver are replaced with electronic central bank controlled currencies? What do you think happens to your privacy, or your capability of financing or purchasing what you want?
I cant believe people are so stupid they believe that a digital currency, in the age of tech tyranny, is actually a good idea.
We need a shift AWAY from electronics that are ALWAYS controlled by a small group of people.
Take for instance India. Bitcoin and other private cryptos will be made illegal, meanwhile government central bank issued cryptocurrency is being developed. What does that sound like to you? Sound like a good proposition?
Wake up people. We need to scrap fiat currency and return to gold and silver. Dont listen to the shills saying crypto is the way of the future. It is not. It is the way to enslavement.
Furthermore, the SHA256 algorithm upon which Bitcoin and most cryptos are based, was created by the NSA. Therefore the NSA would be the only organization in the world to have the backdoor to everyones wallets. Until central banks get involved.
The solution is not magic internet money. It is abolishing central banks, and furthermore, returning to sound currency based on precious metals, that are untraceable and provide us with freedom, security and privacy.
Please crypto people, stop selling yourself a utopian dream.
You are seriously misinformed on this subject.. no disrespect as there is alot of fake news on this as this new technology threatens trillion dollar empires.
Since 2010, inflation has turned $1 into 84 cents while $1 invested in Bitcoin would be worth $274,000.
This is the first time in human history where a deflationary peer to peer currency has been created with a finite number of units ... 21 million. Every fiat currency system throughout history has put a hidden tax on its currency called inflation, that robs the value of it 2-3% / yr.
They print more and more (more dollars chasing fewer goods) and leads to the pricing of everything to go up as well , and typically as we have seen the salaries don't keep up with this.
Satoshi Nakamato (the creator of bitcoin) has already been taken out I believe. Please read his whitepaper to gain a further understanding of how the system works . It is not that long and is suprisingly easy to read .
I also believe that the bitcoin core developers group has already been infiltrated (AXA equitable 100 million infusion) and this would explain how they have continued to limit the blocksize to 1MB to prevent it from becoming a medium of exchange as that is their biggest fear. They have intentionally done this to cripple it (by only limiting a certain amount of transactions per second to try to keep it as a store of value and have increased the fees on it.
I prefer the ethereum chain or Bitcoin cash as it is faster and cheaper to transact on.
You’re lost pal. You have to understand why Bitcoin has gone up. It’s not organic, it’s being inflated and manipulated but people like you can’t seem to wrap your head around that. The price is fake. Anyone buying it is an idiot, and anyone shilling it is even stupider. Continue to be a useful idiot if you wish. You can only lead a horse to water.