TL;DR: Bitcoin and other coins have nothing to do with Q. Q has never talked about them.
I have 7 years of experience in digital currencies. I remember back when Bitcoins were $100 each, and you could mine them with a simple video card. I've built my own mining warehouse for ETH back in 2018. In addition, I have held and traded various cryptocurrencies for years.
There's recently been a lot of debate on this forum on whether or not we can trust Bitcoin, who really controls cryptocurrencies, and whether or not we should buy them.
Proponents of Bitcoin have pointed out that Bitcoin and other coins are decentralized, minted/verified through Proof of Work (which guarantees all transactions are final), and the supply of new coins accumulates in a similar way to gold. The central banks cannot control these currencies, print more of them or even track us (especially with Monero).
Detractors of Bitcoin have argued that because big companies like VISA, Tesla, JPMorgan and Amazon are now accepting the coin and integrating it into their systems, we can't trust Bitcoin anymore. The central banks/Rothschilds/corporations can now track all transactions and associate it with our real names and bank account numbers. I've even heard the claim on this forum that the CIA helped start Bitcoin.
So which side stands to benefit from the current crypto rally? Is it Team Q and the patriots, or is it the Deep State banking cartel? Is Team Q pushing Bitcoin because it degrades the banking system, or is the Deep State pushing Bitcoin because they can gain power over our finances?
My answer is that cryptocurrencies are a tool that either side, or both sides, can use for their purposes. Both things can be true at once.
The recent push by the banking cartel for Bitcoin adoption could be the Deep State destroying themselves, because after all, the more people use crypto coins, the less they use the fiat dollar. The Federal Reserve loses power either way. Q might be behind the recent crypto rally because it's raising awareness about the weakness of the dollar. Crypto could be a gateway asset to those people owning gold/silver one day.
The recent Bitcoin hype could also be something Q doesn't like, especially VISA/JPMorgan connecting the cabal banking system to cryptocurrencies. Donald Trump stressed the importance of the U.S. dollar many times in the past.
My personal opinion is that by buying these coins, you're neither helping nor hurting the Deep State. Bitcoin is a tool/weapon for both sides to use against each other. Worry about what's best for your own financial situation, not the trolls/shills/hype bots.
Remember that Q has never used the words "bitcoin", "crypto" or "digital currency"!
Everybody knows Dogecoin is where its at anyway!
Everybody knows Sidney Powell buys all her bitcoins from the Kraken exchange
Ha! You took me back. Remember the usb stick miners! LOL Don’t think a coin was worth anything near 100 bucks back then.
If I didn’t know that the most important stuff in life isn’t actually stuff at all - I wouldn’t be able handle throwing away over a million dollars just fucking around, lol. At least I pay 15mil or so for a pizza, lol. If we only knew, lol!
In mid-2013 a Bitcoin was worth just $100, and a Radeon HD 7970 video card could mine $3/day worth of BTC, or roughly 1 BTC a month.
ETH: 20%
BTC: 20%
BCH: 10%
LTC: 10%
Algorand: 5%
Chainlink: 5%
XMR: 10%
ZEC: 5%
PIVX + XZC: 5%
SKY: 5%
VRSC: 5%
I have stayed far away from Ripple/XRP because it's clearly a central bank coin.
I also invest heavily in silver and gold. The stock market is only 10% of my portfolio. Precious metals are 25% and cryptocurrencies make up 25%.
Nice portfolio. Any opinions on ADA?
Not sure you listed the main reason some might not look favorably on crypto currency. It's vaporware. Because some miner spent a bunch of cpu cycles to solve a nonce puzzle that's supposed to be of some value? Come on. It certainly has no value like physical goods: precious metals, land, water, etc. Now someone can argue that since the dollar is no longer backed by gold we could say the same thing about it. However, it seems the US government is backing the dollar. Who's backing bitcoin? Also, if my keys are compromised I can lose all my coins. Hasn't there been massive theft of bitcoins on some of the exchanges?
I said nothing about whether cryptocurrencies have intrinsic value. I just argued that people who buy these coins are probably neither hurting nor helping Q, and I provided reasons for both Q and the Deep State to be benefitting from the recent crypto gold rush.
A secure medium of exchange is valuable by itself, regardless of any intrinsic value of the underlying unit, or lack thereof. I don't like bitcoin either, but blockchain is an excellent development.
The "Blockchain" part is what the big banks and cabal wants to exploit in order to bring the masses under their control even more than they already have with SWIFT and ACH.
The decentralization aspect of these coins is the #1 most important part.
I thought it was the digital aspect that gave them the power and control. The decentralization was the bait, making it less subject to manipulation (and making it a potential tool for any agenda simply because it's a more secure accounting).
The "bait" is when Visa/Goldman Sachs want you to register for their curated, tracked, monitored version of Bitcoin that collects your phone number, Social Security number and address.
Gold's advantage over Bitcoin is that people have attached a huge amount of value to the yellow shiny rock over thousands of years. Bitcoin is unproven
Gold, silver, are good conductors of electricity and are used in electronic equipment. Land you can build a house on, hunt on, grow food on. Water, well I think that's pretty obvious. So the comparison with feces is incorrect. Though feces is a good fertilizer I'm told, which probably makes it more valuable than bitcoin.
Intrinsic value is a marxist definition? Are you serious? Never heard that before. Sounds pretty crazy. Buy hey, if you want to jump on the bitcoin bandwagon be my guest. I think the beanie babies craze has probably died down so might as well move to bitcoin.
Good post. Thanks for the perspective. Do you know of any non-cb digital blockchain currencies that allow for upgraded infrastructure in their systems?
Context: One advantage of a central bank, not that I love central banks, is that if they want to add a field (say, a new check code against a new type of fraud, or an extra field for country of origin), the CB can coordinate the rollout, whereas bitcoin is limited by its rule set and inherently inflexible. At this point the need is theoretical, but if you know about it I'd love to hear which currencies might fit that bill. Thanks.
Ethereum is a very flexible cryptocurrency, but it has the same issues as a central bank where Vitalik/the developers have the most power over Ethereum right now.
Each coin has it's own trade-offs and there's no such thing as "the perfect coin". Same with dollars, gold and crypto coins. They can only have 2 of the following attributes: stability, ease of use, and decentralization.
Thanks. Appreciate it. I've been involved in control systems for traditional currency, both banknote and electronic. My perspective is different from most crypto onlookers, but I enjoy learning.
I'll never understand the bitcoin craze. Digital fiat currency not backed by any state, with absolutely no intrinsic value other than "It's cool". The technology used to develop it is worth something, but the currency itself is not. And if a state ever did formally convert to cryptocurency it will be their own and not bitcoin.
Do yourself a favor and buy gold and silver, tangible assets always hold their value, when the world goes to shit your crypto is worth nothing. At least I can wipe my ass with a paperback.
Id say invest in property but if the world economic reset happens, you'll loose that too.
Gold, silver, and bullets to protect your hold on them.
I never hyped Bitcoin. I just said that I think neither Q nor the Deep State are profiting from it.