Bitcoin, I believe, was taken over by the cabal, but other coins like Bitcoin Cash are still pure and more in line with Satoshi’s white paper, therefore still controlled by the market.
Really though, how can we ever rely on anything that is not physical like gold, silver etc? Any crypto currency may start with good intentions but the wealthy have a habit of ruining everything that is good.
Well yes. And it’s not even subtle in the case of cryptocurrencies.
All the “crypto billionaires” and centi-millionaires you might’ve read about? Where did all their newfound real assets (huge homes, yachts, planes, cars... gold??) come from? Bitcoin itself is patently not an enterprise that creates value (it’s an intermediary currency with zero intrinsic value, and one which actually destroys value with that energy intensive “mining”).
Every last penny these shysters have pulled out of Bitcoin and the like has been funded by new entrants (“greater fools”) putting real assets into the system. Cryptocurrencies are nothing more than a pyramid scheme, enriching those in early, impoverishing those in late. At some point, history always proves, there won’t be even one more greater fool. And then, at the very moment the crypto billionaires are holding prostitutes on each tourbillon-decorated arm, everyone else will be holding a worthless dream of free money.
If you sit down at a poker table and don’t immediately know who the sucker is... it’s you.
I mined Ethereum early on and managed all kinds of wallets for personal and company use. The blockchain technology behind the transaction history for crypto is second to none, absolutely amazing. I am very fearful of the stranglehold that China has on main cryptocurrencies, like Bitcoin and Ethereum, though. Last I checked there were over 1,600 different crypto coins out there of various usage and means to acquire. For the big main ones, you need tons of electricity and computer hardware to mine. China has very little regulation on environment and power consumption. They also manufacture the ICs and hardware used to mine. Chinese people have been mining massive crypto for a long while. The US has tariffs on imports from China, so even more reason for computer hardware to stay within China and mine more than anyone else. People do like the idea of moving to crypto but they underestimate how much of it is already contained and owned by China. Bitcoin and Ethereum will pave the way for people to understand how it all works but I doubt it will be the final currency. Good chance that a new world currency will employ blockchain tech though, which will be an upgrade.
What's everyone's opinion on things like bitcoin?
Bitcoin, I believe, was taken over by the cabal, but other coins like Bitcoin Cash are still pure and more in line with Satoshi’s white paper, therefore still controlled by the market.
Really though, how can we ever rely on anything that is not physical like gold, silver etc? Any crypto currency may start with good intentions but the wealthy have a habit of ruining everything that is good.
Well yes. And it’s not even subtle in the case of cryptocurrencies.
All the “crypto billionaires” and centi-millionaires you might’ve read about? Where did all their newfound real assets (huge homes, yachts, planes, cars... gold??) come from? Bitcoin itself is patently not an enterprise that creates value (it’s an intermediary currency with zero intrinsic value, and one which actually destroys value with that energy intensive “mining”).
Every last penny these shysters have pulled out of Bitcoin and the like has been funded by new entrants (“greater fools”) putting real assets into the system. Cryptocurrencies are nothing more than a pyramid scheme, enriching those in early, impoverishing those in late. At some point, history always proves, there won’t be even one more greater fool. And then, at the very moment the crypto billionaires are holding prostitutes on each tourbillon-decorated arm, everyone else will be holding a worthless dream of free money.
If you sit down at a poker table and don’t immediately know who the sucker is... it’s you.
Precious metals, though? ?
But do you really trust Elon? Really? He may just be working for China/DS, too.
I mined Ethereum early on and managed all kinds of wallets for personal and company use. The blockchain technology behind the transaction history for crypto is second to none, absolutely amazing. I am very fearful of the stranglehold that China has on main cryptocurrencies, like Bitcoin and Ethereum, though. Last I checked there were over 1,600 different crypto coins out there of various usage and means to acquire. For the big main ones, you need tons of electricity and computer hardware to mine. China has very little regulation on environment and power consumption. They also manufacture the ICs and hardware used to mine. Chinese people have been mining massive crypto for a long while. The US has tariffs on imports from China, so even more reason for computer hardware to stay within China and mine more than anyone else. People do like the idea of moving to crypto but they underestimate how much of it is already contained and owned by China. Bitcoin and Ethereum will pave the way for people to understand how it all works but I doubt it will be the final currency. Good chance that a new world currency will employ blockchain tech though, which will be an upgrade.
Dogecoin. That is my opinion.