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.
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.