Regardless, bitcoin and other crytos are not sound money because it isn't back by anything. When people invest in it it just makes things worse as more and more accept it as real.
That is true right now, because it isn't our money. It is the Federal Reserve's worthless paper. What will it be when gold destroys the Fed? Why will gold destroy the Fed? Why do you think even Trump was spending their worthless paper like a drunken sailor on shore leave?
Because our US Dollar will be gold backed again, and the Federal Reserve Note and the debt created with it will be history.
At best bitcokn replaces banks. It should not replace physical money and if it doesn't manage metal backed money its useless as fuck and you have no control of it.
All currency is really backed by nothing. People like to pretend gold is different but it really has limited intrinsic value. It can be used as a conductor or for jewelry but how many people are electricians or jewelry crafters that would actually use it that way? It has a limited supply but so does Bitcoin. All currency is really just whatever value people decide it’s worth.
It’s value is perceived as the resources it takes in computing power to solve the algorithms which produce the block chain. Each block provides a level of security that you don’t have with other digital fiat assets. It’s an agreed upon value because of what it takes to produce. Yes there are ones that are basically produced from nothing and those are the most volatile but they have collective value in the holders eyes just because they like the concept like DOGE coin. There are several meme tokens that users back and have value to THEM just because the concept is liked. That’s the same as what’s happening with meme stocks like GameStop, AMC, Nokia, Koss, etc. Those stocks haven’t risen because of actual value of the company or anything their doing, but only because there are stockholders that like them and want to drive up their perceived value.
I’m no expert on any of this, but that’s my opinion on all of it.
For people that don't fully understand Bitcoin, think of it like this: Bitcoin is to central banks (cabal power) what torrenting is to Hollywood and the music industry.
The currency of the future is a gold backed US Dollar. The crypto and Federal Reserve notes will be dead.
You'd be better off putting your money in a hole in the ground your yard than in crypto. Let those who are touting it so damned adamantly put their money in it.
The cabal hates crypto so you know it’s not theirs. It’s decentralized, they want their own centralized digital currency for the world. Crypto is not it.
They can't make coin disappear, and they can't track where it goes. That was the reason you all of a sudden saw them telling everyone in the pandemic, that coin was running short, which was bullshit. They have been minting trillions of dollars in coin for decades, and much of that is still out there with the exception of the older stuff that was made of silver and actually had some value.
One major part of Cabal power is central banks. The cabal will never want to lose control of that, which is why they're issuing CBDC's now, which are central bank issued crypto's. Very different from Bitcoin, which is impossible for them to fully control.
How do you convert trillions of dollars to bitcoin which will then be cashed out for what ever new money they invented after the dollar collapses?
You buy bitcoin
Dollar dies
You sell bitcoin after new dollar is invented.
Voila...you converted all your useless money to gold backed money and you still control the world.
Other things you do. Buy property Blackstone. Only so much property so bitcoinnisnhow tjeybwill try to convert the rest8. Kill bitcoin, wipe it out just before the new dollar arrives. Then the deep state is broke
If it were centrally controlled, why would there be so many types put out there by so many different individuals, entities, companies, students, professors, etc? Don’t you think they would want one type to be able to control? When you understand blockchain technology, you’ll understand how secure it is, and that’s not something the cabal would want us using individually at all.
Exactly! It is their wet dream. The Chinese pilot social credit system backed by a digital currency. Jay walk lose coin. Protest lose it all.
I don't know why some of the folks here that push it can't see this. It is just as plain as day why the cabal would love a cashless society. It would give them the ultimate control of people.
Well they got lucky about 500 times.
Regardless, bitcoin and other crytos are not sound money because it isn't back by anything. When people invest in it it just makes things worse as more and more accept it as real.
Whereas fiat money is based on? Once we left the gold standard, our currency is based on nothing but perception.
That is true right now, because it isn't our money. It is the Federal Reserve's worthless paper. What will it be when gold destroys the Fed? Why will gold destroy the Fed? Why do you think even Trump was spending their worthless paper like a drunken sailor on shore leave?
Because our US Dollar will be gold backed again, and the Federal Reserve Note and the debt created with it will be history.
At best bitcokn replaces banks. It should not replace physical money and if it doesn't manage metal backed money its useless as fuck and you have no control of it.
Agree
All currency is really backed by nothing. People like to pretend gold is different but it really has limited intrinsic value. It can be used as a conductor or for jewelry but how many people are electricians or jewelry crafters that would actually use it that way? It has a limited supply but so does Bitcoin. All currency is really just whatever value people decide it’s worth.
Study more on metal backed money. It's the only bona-fide money in existence.
So what’s the reason?
It’s value is perceived as the resources it takes in computing power to solve the algorithms which produce the block chain. Each block provides a level of security that you don’t have with other digital fiat assets. It’s an agreed upon value because of what it takes to produce. Yes there are ones that are basically produced from nothing and those are the most volatile but they have collective value in the holders eyes just because they like the concept like DOGE coin. There are several meme tokens that users back and have value to THEM just because the concept is liked. That’s the same as what’s happening with meme stocks like GameStop, AMC, Nokia, Koss, etc. Those stocks haven’t risen because of actual value of the company or anything their doing, but only because there are stockholders that like them and want to drive up their perceived value. I’m no expert on any of this, but that’s my opinion on all of it.
For people that don't fully understand Bitcoin, think of it like this: Bitcoin is to central banks (cabal power) what torrenting is to Hollywood and the music industry.
Unless tjey actually control it. Which is 50/50 no matter what you believe Bout it.
"Bitcoin can be tracked" is only a surprise to normies who've never used it.
BitCoin has never been anonymous.
I'm never gonna be a fan of fake money evening it's digital. Espescially when we are clueless as to how it is managed.
You really think it's safe? Why? Because they said so? Sure. Tell you what. I'll keep.track.of everyone's money myself. Agreed?
Hmmm.... Make's you wonder don't it, I mean China dose have the largest bitcioin mining operation in the world.
You can’t hoard or hide digital or crypto currency. They can come take it any time they decide they want it.
HODL...
The currency of the future is a gold backed US Dollar. The crypto and Federal Reserve notes will be dead.
You'd be better off putting your money in a hole in the ground your yard than in crypto. Let those who are touting it so damned adamantly put their money in it.
The cabal hates crypto so you know it’s not theirs. It’s decentralized, they want their own centralized digital currency for the world. Crypto is not it.
This☝?
They can't make coin disappear, and they can't track where it goes. That was the reason you all of a sudden saw them telling everyone in the pandemic, that coin was running short, which was bullshit. They have been minting trillions of dollars in coin for decades, and much of that is still out there with the exception of the older stuff that was made of silver and actually had some value.
Why did Gates patent a way to collect crypto through a person’s physical movements? Or would that apply to any digital currency?
Crypto is just an umbrella term.
One major part of Cabal power is central banks. The cabal will never want to lose control of that, which is why they're issuing CBDC's now, which are central bank issued crypto's. Very different from Bitcoin, which is impossible for them to fully control.
Thanks!
Bitcoin is to central banks, what torrenting is to Hollywood and the music industry.
And don't call me a pseudo-intellectual when you wrote your comment in all caps.
Sorry, I just don’t see it that way
That is exactly what they would push if they created a digital currency and were trying to get everyone to switch to it.
If it were centrally controlled, why would there be so many types put out there by so many different individuals, entities, companies, students, professors, etc? Don’t you think they would want one type to be able to control? When you understand blockchain technology, you’ll understand how secure it is, and that’s not something the cabal would want us using individually at all.
Exactly! It is their wet dream. The Chinese pilot social credit system backed by a digital currency. Jay walk lose coin. Protest lose it all.
I don't know why some of the folks here that push it can't see this. It is just as plain as day why the cabal would love a cashless society. It would give them the ultimate control of people.
It's got the potential.and whon really has the ability to make bitcoin algorithms. Some asian dude in his basement?