Elon became the poster boy for crypto so his actions carry weight as he attempts to destroy it. Colonial pipeline hackers extort $5 million of Bitcoin from company. Fake news is shaping a narrative that the DOJ and IRS are looking into Binance for money laundering, when in fact Binance is helping US find users who are money laundering.
I would not be surprised if other woke companies start coming forward and stating they will discontinue use with Bitcoin. This is an orchestrated attack to stop the bull run.
Q post 571
"@Jack, MZ, ES, JB, EM, SH, MSM, etc.
Do you know that we know?
Do you know that we see all?
Do you know that we hear all?
FEAR the STORM.
NOBODY PLAYING THE GAME GETS A FREE PASS.
NOBODY.
Q"
There is no evidence that I have seen that supports any of the current cryptocurrencies as anything but a black hat operation.
Consider: The CCP owns most of Bitcoin.
Also...
The majority of crypto's have no intrinsic value (physical asset backing or can be used for other digital work), and those that do don't vary based on the value of the dollar, but on the value of the asset they back.
I think its a scheme designed to take money away from the populace. Imagine if tomorrow all major corporations just decided all crypto was worthless (because it is if people believe it is for the reasons stated above). Everyone invested in it would be much more poor, and would be susceptible to calling in their other debts. The Great Reset would be that much closer for us all.
It's funny to me that people somehow still believe that crypto is some kind of revolutionary force of good.
It's a fiat that's 100% virtual.
And bitcoin was supposedly developed by some unidentified guy who never claimed millions of dollars worth of the coin.
Have we not learned anything, people!?
Also, Elon is not on our side.
I do understand the desire to speculate cryptos, though, as that could definitely be profitable - just understand the risks and don't gamble anything you aren't willing to lose!!!
Agreed.
I may not understand it, but every time I ask a question about it, and point out a flaw, the answer I get back is how its useful.
I am well aware of how its useful. I think the idea of crypto is great, and I think it will almost certainly be the path forward as a currency (no matter who wins the war).
If its the Patriots that win it will almost certainly be backed by something, and if the NWO wins then it won't really matter because whatever they make will just be the new fiat currency. It won't be an "investment" of anything in the NWO because there will be only one world currency.
All the CURRENT cryptos will become worthless in either case.
You mean all the current fiat currencies? The same ones that are susceptible to hyperinflation whenever someone at the top decides they are? You can't back a fiat currency with another fiat currency. You can SAY you are, but its ultimately worthless.
Until a little over a hundred years ago, all currency was silver or gold going back to the dawn of written history. Since then multiple economies have gone under due to hyperinflation of their fiat currency as soon as the whim hit some Rothschild.
You are asking about IMF? OMG?!?
Are you serious? That is the CONTROL MECHANISM of the elite on the populace. Look at what they have done. Everything that has happened since the coin act of 1873 had been their work towards shifting all money from the people to the elite. Every single action.
Of course. That has nothing to do with the current round of cryptocurrencies that have no backing. In fact that is exactly the backed type of blockchain I said was NOT useless.
I never asked how its useful. I said that was the ANSWER i got whenever I pointed out ITS FLAWS. I know how they are useful. I am giving reasons why the current cryptocurrencies (that have no physical backing) are likely designed as a (black hat) means towards the economic downfall of those who invest in them.
It has value until the moment someone decides it doesn't. Such a thing has happened multiple times in history. Its on the verge of happening here with the dollar. Anyone who thinks crypto (not backed by a physical asset) is somehow immune is invested (which generally means not sufficiently objective).
I keep asking for somone to address the flaws, and all I get back is "how its useful". Which I keep saying "I know how its useful". When someone addresses my arguments I will be less frustrated.
A crypotcurrency that is an investment is a fools paradise. It's like saying "I have more faith in this puff of cloud than that one." Such things are 100% whimsical, having no foot in anything real, and subject 100% to manipulation (i.e. fraud).
If the Patriots win, I will bet anything that the only crypto's that will have value will be ones that are backed by physical assets (which is really just another way of saying blockchain stock market, which I think will absolutely be the path forward).
Ethereum, ChainLink too!
Just like greenbacks
Have to disagree, it's designed to be decentralized which takes power away from the banks and FED and gives it back to the populace. As for intrinsic value, can't you say that about all currency? Even gold doesn't really do anything for anyone. Yes anyone can make a cryptocurrency and there are lots of scam/worthless coins. But those that aren't and have real world application are the way of the future and outperform the big institutions in transaction speed and security. In Asian countries many people do not use banks accounts, instead they keep money in crypto wallets.
Debt and out of control currency printing is what makes us enslaved fren.
Once again, someone is pointing out how its useful...
I KNOW HOW ITS USEFUL
Address the flaws I pointed out.
FFS!
Taking from "the fed" and giving to "the CCP" is the same thing as stealing from a rich man's right pocket and then sticking it in his left pocket.
And once again, the instant the Luciferians/NWO decide they want to put an end to it is the instant it becomes worthless, and everyone who relies on it as a "decentralized" currency is in really bad economic shape. Why? Because it is inherently worthless.
Gold is the most used material for adornment. It has lustre, sheen and other physical properties that are unmatched. It was the most used adornment item from before we invented writing. It is also useful in technology, though not as good as silver.
Silver also has these properties of adornment, being the second most used material for adornment. It also has the unique property of being the best conductor of both heat and electricity of any element in the universe, and is thus one of the most valuable materials used in all of our most common technologies.
So obviously they have actual value completely separate from their use as a currency. It was the (non-technological) value v. their rarity they had that made them such ideal currencies to begin with. It is completely disingenuous to suggest they have no intrinsic value.
Name one that has a "real world application" that isn't backed by a physical asset (and thus only worth whatever the value of the physical asset).
Wrong.
The fact that they moved us away from a physical currency with intrinsic value is what allowed them to move forward with their taking over of the world. It is only with a non-backed currency that you can create debt slavery and print currency. "Fiat currency" MEANS non-backed currency.
If they wanted to (if there wasn't a war going on, and/or we were sufficiently sheepified) they could end all cryptocurrencies today. They own every major corporation. EVERY SINGLE ONE. Look at Walmart for example. I chose one at random. You can choose any company you want, every one is exactly the same.
All the top shareholders are identical: Blackrock, Vanguard, State Street Corp, BoA, JP Morgan, Northern Trust, etc., etc.
All these companies are also the top shareholders in each other.
All these corporations, even the ones you think are competitors are all the same company.
And guess who are the major shareholders of all those institutions that hold all the stock: Rothschilds, Rockefellers, etc. The instant they decide to ban all crypto its over. Hell, all they have to do is tell the CCP (which they own 100%) to make Bitcoin worthless and the biggest crypto is gone. See how well faith in the others holds up after that.
And that's all it takes. Because a non-physical backed crypto currency is backed only by faith. Once faith is gone (which is 100% controlled by the elite at the top) is the moment they become worthless.
Seems I touched a nerve here so I'll try my best to explain. I don't care for Bitcoin because there are better cryptos out there, but it is still king because it's the first of its kind. China owns tons of Bitcoin because their government spends a majority of their energy usage on mining it. There are many cryptocurrencies that can't be mined.
So, it doesn't really do anything for anyone haha.
As for real world application of crypto it depends on the crypto. You can safely share information through the blockchain because it can't be hacked so that's good for sending sensitive info, you can send secure transactions quickly because there's no middle man like a bank this also makes transactions cheap, you can make completely anonymous transactions (monero). Blockchain is unhackable until Quantum computing comes out. Seems like our energy industry could benefit using blockchain tech.
And your last statement about moving us away from gold is essentially the same thing I said about making us servants of debt and powerless against their money-printing inflation.
I get your angry because we are just cattle to them and it's good to be skeptical of new things, but there's a reason why tyrannical countries are banning cryptos all over the world and why banks hate crypto. They haven't banned crypto from the US I think because they are still trying to figure out how to use it to implement total control. Centralized cryptos are evil, like the one China uses for Vax passports. They are not all like this. I hope I answered some questions for you.
The vast majority of things people buy and value don't do anything really. It could be said that only food, clothing and shelter are "used" and everything else is equally as useless as jewelry. Even "extra food" or a second set of clothes or a house bigger than a hut is an unnecessary extravagance. Your attempts at diminishing the real usage that precious metals have had over the millennia (completely separate from their value as an intermediary for barter) is disingenuous. It also has real (irreplaceable) value in tech, just not as much as silver.
Can't be hacked is an illusion. I recommend looking it up.
I'm actually just frustrated that every response to my pointing out flaws in the system is met by "how incredibly useful cryptocurrencies are". I will say it again, so I am perfectly clear. I'm not uneducated on the matter. I understand how they are useful. I understand the MULTITUDE of ways that blockchain technologies are useful and I think they will almost certainly be the path going forward for all transactions, no matter who is victorious. My contentions are the flaws I continuously point out, that are never addressed to my satisfaction (or really at all).
I assert that is also an illusion. We'll call it another method of controlled opposition. The current cryptocurrencies everyone "invests" in, that are backed purely on faith are completely and utterly under the control of the elites. I have pointed out several reasons for this statement in this thread (which you probably haven't read because they were in response to others), but the bottom line is this.
They own everything. Every company with a name you have heard of is really just one company, owned by one group; the Luciferians. The instant they decide crypto won't be used as currency is the instant it becomes worthless. I believe they are using crypto to help devalue the world's fiat currencies, which will rush the entire world into The Great Reset. The instant that happens, every single one of those non-physical backed cryptos becomes 100% worthless.
Nope, they are still backed by faith at that point. The dollar has been completely unbacked for 50 years. It has been extremely useful all that time, not just in the US, but really as the world's currency. It could very well lose all faith this year. This would not be the first time such a thing has happened. In fact it has happened multiple times (Germany after WW1, Venezuela, Mexico, etc., etc.).
If it isn't backed by anything, its an asset exactly up until the moment someone at the top decides it isn't. It has even less footing than the dollar because many fewer people are invested. And the dollar is ripe for complete collapse.
And I am suggesting (and giving arguments for) there being not a single one that will have value in the future that is not backed by a physical asset.
In other words, I am giving arguments for why I think ALL current cryptocurrencies that aren't backed by physical assets (which aren't good investments unless the physical asset is also) are foolish investments (likely by design of the people in charge of the Great Reset).
All the money that goes into these faith backed cryptos is money not taking away from their REAL assets of physical gold and silver (which is where their real power lies).
Careful..... Pretty sure Elon is a freemason.
all excellent suggestions.
Every time crypto shoots up I use the profits to buy more silver.
Nah, I think Elon's "attack" on crypto is more nuanced. He's pulling the carpet out from under the Hedge Funds.
Hegies R Fuk!
If that's the case, I will retract my statement.
Buy the dip. Watch em burn.
Beware of centralized crypto. Like the internet. A tool made for good will always be used for evil.
the main question i have with crypto is... when (not if) the central bank collapses and the US dollar is no more, what then determines the value of crypto? like, how much would 1 bitcoin be worth? i think that is a big question that needs to be answered.
Bitcoin isn't tied to the dollar, but some are like Tether because they were created to be a stable coin. I've noticed when stocks crash, BTC usually dips too because hedgies have been trading it. But I have no idea what will happen to the market when the dollar collapses. I do know that Bitcoin is bigger than any bank with a $927.92 billion market cap and JP Morgan, the next on the list, has a $488.88 billion market cap.
https://companiesmarketcap.com/banks/largest-banks-by-market-cap/
BTC maybe, but crypto has the power to decentralize everything. I mean everything. This would destroy the deep state, as their power comes from centralized institutions.
BTC sucks anyway, it's just the first to market. It won't be the future, but other cryptos will be.
Most people seem to understand crypto=bitcoin, but there are many cryptos that are not pyramid schemes. Ethereum is my favorite. It's a worldwide DECENTRALIZED computer that allows for self collateralized loans and smart contracts. If the world ran on the ethereum network, a huge portion of the evils of money would be eliminated from society. Ether powers the network, and is earned by doing the needed computing for the transactions occuring. So you can kind of think of ether like quantified computing power, it's not just paper like fiat.
Yes, getting in early will make you more money, but the system itself isn't inherently unstable, like a pyramid scheme. After looking in to what crypto is capable of, I guarantee it's going to be the future of not just finance, but an enormous part of the world. There are decentralized video streaming cryptos, decentralized data storage cryptos. We could put the whole world in the hands of the people!
Ethereum has ridiculous transaction fees.
Fantom made me turn my 2k stimmy into $100&
Check out Kinesis. I think they have it figured out.
I see someone's not a fan.. care to say why?
I agree that there are better ones out there, but Bitcoin is still king for now so if it tanks, the rest of the market is bound to follow. If it doesn't, and say ETH takes over as supreme, that'd be awesome.
Two flaws: First, Wall Street has been using them extensively as pump and dump or to hide liquidity issues. There is no backing to any of them that can backstop volatility. Cryptos are useful for laundering money- not ours, since the blockchain is public, but the banks and real criminals in government make out just fine.
I absolutely buy into the theory that Musk's statements lately have everything to do with enriching himself while hurting hedgies that have heavily shorted his companies, just as a big middle finger. Retail crypto holders are just pawns in the game, and a large percentage buy or sell based on his tweets.
Second, cryptos are allowed to exist only because the laws haven't caught up yet. Unbacked cryptos can be outlawed and made absolutely worthless with the stroke of a pen by unelected bureaucrats. That is the literal definition of fiat. If government decides it can't be accepted as a form of payment or transferable outside its little sandbox, it's worthless. Frequent flyer miles would have more value.
We don't usher in a new monetary system with fiat created out of ones and zeroes. That would be stupid. Stablecoins are the future.