I know a lot of you are anti-crypto, and that's fine, everyone is entitled to their own opinion.
I for one, support crypto and what it can do for transparency of transactions, how people can get out from under the shady control mechanism of the central banks, and simply the technology.
Of course, there are huge risks and it is still like that first shit computer Bill Gates introduced. It is still very early and many changes need to be made. Also huge risks in how it can be utilized for control and tracking, so I am well aware of the fundamental risks of it.
Crypto isn't perfect, but nothing is. And we all know about the US dollar...
I digress.
The Pipeline Hack was simply bullshit. Anyone and everyone who knows crypto knows that BTC can be tracked very very easily. Many suspect that the DS has taken control of it, which I certainly cannot doubt. But if the "hackers" demanded payment via BTC, they are idiots. And to be a hacker of that magnitude, you certainly cannot be nearly that stupid to demand payment via BTC. There are coins that are privacy-based, like Monero. They are specifically designed to not be trackable or traced.
BTC is absolutely the worst option. It makes 0 logical sense. It's literally like kidnapping someone, demanding ransom, and meeting at the police station to get your payment. Idiotic beyond belief.
I think we all knew the story was bullshit, but if you still need to convince some of the retards in your life to wake up from the MSM spell, this might be a good piece to show them about how much bullshit is in the MSM/government interests.
I think many of you already know that these stories are bullshit. Just wanted to put this out there for anyone who is reading into the falsehood.
And to those who say crypto is there for the dark world and crime, it sure is used in a terrible ways just like any other types of currency. But what it can do for the world is simply staggering, but also risky in terms of control mechanisms. The tech is here to stay, how they implement various systems is what we need to pay attention to.
Also, let's not forget who gets 1st place BY FAR for the most financing of crimes and evil.
The biggest ponzi bullshit scheme in history.
It's the US Dollar and the FED.
Bad times ahead for everyone. There is a crash looming. Please prepare.
God Bless You All.
I’m probably going to sell all of my crypto in the next day or 2. I’m not invested in Bitcoin but I invested in a few others. I’ve made good money so I think im just gonna take my profits and be done with it. With all this cyber warfare BS going on it’s only a matter of time before a major exchange like Coinbase or Binance gets hacked and we have a repeat of the mt gox ordeal that almost sent Bitcoin to zero. Something else that is concerning is the covid protections put in place to protect homeowners from losing their homes ends on the 30th of this month and I feel like those protections are the only thing keeping the economy afloat. I think things could likely get really bad in the next couple weeks to a month. Seems too risky to be playing the game right now
Speaking as a landlord, I'm about to lay the hammer down on 10 of my renters. That's almost half. The government has forced the transfer of about 40k in wealth from me to them. I don't think other landlords across the country will let this opportunity to get them out go by given how things have been going.
Wait, so they didn't provide you any assistance?
I do my best to avoid that sort of thing. Maybe if I'm ever going hungry, the government can toss me a chicken bone or something.
Well, I respect your decision to do that. I wish you luck with the rental situation, I've got a couple of houses and preparing to rent them out, but pretty concerned about this massive housing bubble.
Just looking at from a macro economic standpoint, the printing of money, the stock market bubble, GME situation, this is going to be literally an explosion of the global financial situation.
I think ultimately, this is going to be the most effective moment to wake everyone and their mothers' up with how corrupt and evil this whole system is. Once you start hitting their wallets, that is when people get really pissed.
If you have the option, you might put some in cold storage.
I do agree with your statement.
It is not so much crypto as wel as the underlaying blockchain that concerns me most, for a couple of reasons:
Anything van be tokenized, including people, their time, their skills, shopping slots, access to events, etc.
Anything on the blockchain stays there.
Crypto currency comes in several flavors.
No 2 may have value depending on how society implements the function of blockchain.
It should never consider enrolling people on a blockchain. But this process is already far in development.
You clearly dont know much about crypto....bitcoin is anything BUT FIAT. And Ethereum is a DeFi play. Stable coins arent gold as theyre tied to the price of the dollar. If anything Bitcoin is the “gold” of crypto and even more so because we know exactly how much there will ever be. And the from there there are tona of coins that have usefulness behind their tech such as privacy, smart contacts, payment systems etc
Indeed, I do not know much, let alone value bases approaches vs assets bases approaches.
I gave my opinion based on my research. If you don't like it, that's fine.
Calling someone ignorant without evidence is total bullshit.
You would have opened the discussion further by inquiring as to the basis of my views. And we could then discuss merits.
Right, now, this is antagonistic and senseless.
Enjoy your day.
I've been heavily involved with crypto, and Tether is the ultimate risk. It is essentially the FED, and I just cannot believe that the crypto community has allowed this to go on for so damn long. It is literally the biggest threat to all of the crypto space. Run by serious criminals with a very questionable past. Making really think about the risks involved here.
No doubt that's what they're wanting to do, BUT to do that, you must centralize power and authority with that cryptocurrency. Hence, FEDcoin. That's a fucking no no.
The main weakness with why the central banks are nervous is because of their lack of control. Decentralization is the key. At some point, you're going to need a digital solution. There's always a risk with that.
Intrinsic value argument I'm well aware of. And I do not disagree. The question is, what's your solution for the modern world of commerce? You gunna go around trading bullets for milk?
Maybe it might come to that this time because what I do know is that there is a disaster that will make 2008 look like a party coming very soon.
I get your concerns, as I have the same ones. BTC is one of the worst ones, if not the worst. Just the first mover. Mining is only for the rich, and it definitely is centralized.
But with newer cryptos, like Cardano, it is specifically designed to be decentralized by the holders of crypto.
And to answer your decentralized question, it's because for proof of stake coins, that don't use power, the holders of the crypto help verify the transactions and maintain the blockchain. And everyone can see the transactions, not necessarily your name and what you spent it on. There is clear, transparent view of transactions without the BS of the fraud via central banks and dark transactions that no one can ever see.
You can't just print crypto like the Fed.
And this isn't a crypto vs silver. Silver is awesome and so is gold. It holds a different purpose as well and definitely a good hedge against systemwide collapse. Which, in my estimation, is going to happen soon. Wall St. doing the same thing they were doing in 2008, but this time, WAY WAY worse.
The main concern is the FEDcoin, which I WILL NEVER participate in. Any central bank with their own crypto is something we automatically revolt against.
With crypto, there are different types, some with privacy functions and untraceable. The difference is, YOU get to choose which one you want to use. It's still very early, but in terms of getting out under the weight of the central banks with modernized commerce, crypto is the best opportunity for the people. But yes, silver and gold, no argument over here. Awesome as well, just not as easy to do commerce with.