How many people on here use bitcoin or other cryptocurrencies?
I known cryptocurrencies are something the CB is against as they want to keep fucking with the current fiat currency that's not even back by gold anymore. No matter what happens this year, I do wonder what all might change with money this year.
I like cash but now days probably prefer cards more out of convenience. I've never tried out any cryptocurrency. I always felt like if nothing can regulate it then what can stop criminals from fucking with it in bad ways.
I get the one that costs nothing, so there's nothing to lose.
As far as Bitcoin goes, I cannot trust it, because, unlike Dave (of X22-Report), I cannot be sure that it is an antidote to the Great Reset (as is commonly claimed by its adherents), or PART of the Great Reset (a theory which has some merit).
I just know that Trump said he didn't like it.
I love technology but cryptocurrency is designed to not be regulated from what I've seen and without some sort of regulation there will be people abusing it more and there are too many ways to lose your investments in it.
I don't particularly like banks but if someone somehow gets your info and tries to use your debit card, credit card, etc you can make a phone call and have it fixed but with cryptocurrency it just seems that'd be more like a loss without a way to get it back.
This isn't the wild west so, there needs to be some sort of order and accountability to things.
Money is only good if people believe it has value. Cryptocurrencies have no inherent value. They take value out of the system (the energy required to mine them) but they have no value of themselves. You can't use a Bitcoin to make something else e.g. Having said that, they are fantastic for portability, verification of whatever value it has, etc.
I think after the Great Awakening we will use an unlimited cryptocurrency (like doge) that is backed by precious metals. Say each silvercoin is directly tied to 1oz of silver. You can, if you choose, go to an exchange bank and buy 1oz silver for 1 silvercoin or vise versa at any time. This creates a stable, unhackable, infinitely portable currency with intrinsic value.
I won't pretend to be an expert in cryptos, but I know enough to know that it's mainly Bitcoin that doesn't have much inherent value. Most of the other cryptos have some kind of utility purpose. In the end though, it's all fiat and that's where I'd be cautious about it.
They might have a utility purpose, but 99% of their current dollar-value is entirely numismatic. I.e., speculation-driven. For example, no unit of ethereum does anything worth $1800.
"In the end though, it's all fiat and that's where I'd be cautious about it."
What you have to be most cautious about isn't its potential to lose value quickly, but that it's electronic. Accounts and exchanges can be shut down, or traced.
A fiat paper bill might lose value, but it's harder to lose. A real meat-space mugger has to sap you in an ally to steal it.
What can you use crypto to build? What use do they have other than as an intermediary for barter?
EOS is attempting to provide a network where one can convert between 'in-game' currency and real world currency. I can see that as an intermediary for barter. Doesn't it also provide a utility though? There's The Graph which indexes data from various crypto networks.
I guess utility is the term used in the cryptospace to talk about what the coins/tokens can do other than be a store of value, as such, crytpos can't 'build' anything more than the dollar can.
The dollar is literally worthless. Saying "it can't build anything more than the dollar can" is exactly my point. Creating a game currency that can be converted into real world currency is equally as worthless, though I guess it might make playing the game more fun if playing the game somehow is also a form of mining.
However, if there is a crypto that allows you to build something in electronic land (i.e. do real work) that would still be some sort of intrinsic value. Can you tell me a currency that has that additional functionality?
No, I can't tell you a currency that has intrinsic value, and I doubt anyone could.
If what you're getting at is 'nothing is real money except for real money' aka silver gold and other metals, then you could've led with that, and I'd agree. Those money metals have practical usage, more than what you can find in any type of fiat currency. What I was getting at earlier was Bitcoin doesn't do much and thus has no intrinsic value. Other cryptos provide some kind of digital utility which makes them more useful than Bitcoin.
Tfw runescape gold is the only reliable currency.
That was implicit (almost explicit) in what I said. Perhaps you should read it again? Maybe I didn't make it clear? I know people can sometimes stop reading after the first sentence, maybe that was what happened.
I am not demeaning digital utility. I just don't know of any actual utility that any cryptos provide. By utility I mean a real function, usable completely separate from its currency function to make something people will want to use. Something that gives it intrinsic value.
"Money is only good is people believe it has value."
Your "belief" has nothing to do with. If you are compelled to pay fines and taxes in it, then it has value.
"I think after the Great Awakening we will use an unlimited cryptocurrency (like doge) that is backed by precious metals."
I think magic money will fall from the sky, and I will be rich because I read stuff on the internet.
My statement has nothing to do with my belief. It has to do with the groups belief, and more specifically, the size of the group. Say your currency is sea shells. If both you, and everyone on your island, believes seashells have value it makes seashells a valid currency. If however only you and your younger sibling believe it has value, then its only a valid currency between the two of you. If however your currency is also used to make things your society needs it has value no matter what the group believes.
Wtf?
I made a statement of supposition, but it wasn't made without a fair bit of investigation. It certainly wasn't made because I hope it is true. I think it is highly probable that we will move back to a precious metals standard. It was the standard for all of human history until recently. We only ever moved off it to make the Luciferians rich. Moving back is only logical.
On the other side of the... coin, I think crypto has proven its value in all other ways except inherent value. I don't think its too much of a stretch to think the future holds the best of both worlds. I don't think that because I want it to be that way. I think that because it makes sense, and without our Luciferian overlords what makes sense has a much better probability of becoming reality.
As for "reading it on the internet" I have never read this anywhere. I came up with it myself, though it is really just the logical extension of many other things I have investigated.
You're gamma-sperging walls of text now instead of thinking about what I wrote.
What the holy hand grenade of Antioch?
Ok, if you don't want to read my words and understand my meaning, then no meaningful conversation can be had. You win.
What you need to understand is that there hasn't been a single thought out of you in this conversation that I wasn't exposed to at least thirty years ago. Some of the nouns have changed, but that's it. You're a speculator indulging the current hotnesses.
And you say that without addressing a single thing I said, or refuting a single piece of logic. Your only address to me has been one of insult, despite me taking the time to address your points.
Problem is Trump could have been saying that to throw them off his scent or because he really doesn't like it.
I don't like regulations and people overseeing money but this isn't the wild west, or at least it shouldn't be. Without some form of regulation, it opens the door to massive fraud. The idea is good of transferring money without government or banks being involved but if something goes wrong or something is stolen then what? Seems like it'd just be a straight up loss with no legal way to have it corrected.
I have thought more in recent years of buying gold and/or silver. I'd like something I could keep in my safe, that I can be confident won't vanish or be stolen.
I highly recommend buying physical silver. It has been the primary tool for control of our economy for almost 150 years. It is currently massively undervalued (much more than gold is, though that too is undervalued). The physical silver market is about to completely divorce itself from silver stocks (SLV), so pay no attention to SLV value. It is meaningless, or will be soon.
It may be difficult to find physical silver at the time. Your local shop may have some. JMBullion.com may get some in next week. If you can get some for $35/oz or less locally its well worth it.
Nothing wrong educating yourself with new technology by tossing a couple hundred dollars in, picking a few coins, learn the mechanics and not be so tied to the outcome.
I did that in 18'. It was fun. Learned an awful lot by having a small amount of skin in the game. Just watched that 150 bucks worth of coins for a year, think I watched it grow to 250 and then drop to 45 and then stabilize around 60 bucks for the following year..
If I wouldn't have done that test for a year, I wouldn't truly of understood the swing bitcoin has. So as I invest this round, I feel more confident (some)
Oh well, my two cents (or 0.00000036 bitcoin)
I threw $60 at Dogecoin after Elon tweeted about it. Its about 5 cents right now. Maybe it was just a joke but so was Bitcoin... and everyrhing Elon touches seems to turn into gold so who knows?
Elon had a bankrupt solar company, until he found a car company to buy it from himself.