So, the dollar is based on oil nowadays, and if you could pay your electric bill with btc it would mean that btc would be based on electricity. This shows that the fed is vulnerable in a way that btc isn’t, this could kill the fed. Btc is backed by energy just like the dollar.
Btc is not backed by electricity. There is no system set up where you can trade Btc for electricity in universal and unchanging way. For example, the original dollar was a silver certificate. You could trade one silver certificate for an equal amount of silver. That amount never changed and was universally accepted across the entire U.S. That is a currency that is "backed" by a real tangible asset. Btc does not have that at all. Btc is not backed by anything.
I will agree that crytocurrencies are better than our current oil dollar in many ways, but it is still a very, very poor means of intermediate exchange in trade (currency).
Here is the link https://www.frbservices.org/app/status/serviceStatus.do
Thank you ❤
X22 Dave is shitting himself right now.
Let's talk about your bowel.
Be sure to have the most potent Tumeric.
Keto diet is
Scott McKay -Patriot Streetfighter last night said something would be happening today (maybe).
Where would one look for an official source? Would the Fed admit this on their website or something?
Alert: Service Disruption February 24, 2021 2:17 PM Eastern Time
Disruption - Multiple Services (more)
Affected Areas: Account Services, Check 21, Check Adjustments, FedACH, FedCash, FedLine Advantage, FedLine Command, FedLine Direct, FedLine Web, Fedwire Funds, Fedwire Securities, National Settlement
This could be it! Happening, at least the start.
So banks can't send money to each other... how does this play now?
Hedges can’t short ladder the price of gme like last time.
So, the dollar is based on oil nowadays, and if you could pay your electric bill with btc it would mean that btc would be based on electricity. This shows that the fed is vulnerable in a way that btc isn’t, this could kill the fed. Btc is backed by energy just like the dollar.
Btc is not backed by electricity. There is no system set up where you can trade Btc for electricity in universal and unchanging way. For example, the original dollar was a silver certificate. You could trade one silver certificate for an equal amount of silver. That amount never changed and was universally accepted across the entire U.S. That is a currency that is "backed" by a real tangible asset. Btc does not have that at all. Btc is not backed by anything.
I will agree that crytocurrencies are better than our current oil dollar in many ways, but it is still a very, very poor means of intermediate exchange in trade (currency).
I'm not saying It's Happening!
But if it was happening, this is what it'd look like