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.
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?
"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.