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"
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.