Assuming the crash will be worse 2008, along with the media making gullible normies lose their money, this is probably right. Also worth noting massive institutions like Blackrock buying up homes (as well as large quantities of other assets) and hyperinflation crippling the dollar. Scary times ahead, all things considered.
This is actually part of my grand conspiracy. You really believe some random dude created bitcoin? And that its decentralized?
Imo it had to either be a 3 letter, state actor, or silicon valley type. I dont see any way some random dude created it and is cool with remaining anonymous and sitting on 500 mil in btc or whatever Satoshi has now.
1: roll it out slowly so people accept idea of digital currency
2: make everyone think it is anti gov and big banks however you can't actually withdraw it without a bank account anywhere that I have seen
3: make it seem safe as a hedge against stock market.
4: begin crashing dollar now that digital looks more stable long term
5: wait for people to move assets to digital
6: come up with digital tracking and or crash crypto as well.
7: force them to get a microchip to access their funds or whatever bullshit they decide
? they finally got people to accept digital currency without firing a shot.
If glowfags created and control Bitcoin, then all we have to do is fork it and lock them out.
It doesn't matter if they did it since it's open source and people can do whatever the heck they want with it.
If glowies created BTC they really fucked themselves over.
And who is saying that white hats didn't create it? Although a random dude creating it is anything but unlikely.
It's not magic and there are ridiculously many autists that have created more impressive/complex things that just didn't have as much potential impact.
It depends. There are always some stocks and assets that will profit in a falling marketplace. OP is saying GME because this, along with AMC, are looking like the catalyst of the crash due to hedge funds’s losing short position.
I view blockchain and crypto as a very interesting concept, and today, some money can be made with trading it.
There are clear advantages in using a blockchain. However, there are also ways in which it can be abused.
Like any technology, several iteration are visible. The initial stage that allows for the development of new applications. Governments and banks are slowly catching on. In the framework of digitization governments and banks are highly interested, especially since they can put anyone and everything on a blockchain ledger. Of course, with the best of intentions coupled with the power of simply outlawing it, except their own system[/s]
Another indication of free market crypto being an enemy to the CB world, is the move Nicaragua made to elevate bitcoin to the level of legal tender. This move cause a lot of panic in the IMF offices.
Although in many jurisdictions there is contractual freedom, meaning how you get paid is a matter of what is convenient to you, tax laws are usually such that you need to translate your earnings into fiat, and foot the bill in fiat.
The Great Reset and SDG's seek to eradicate these free market initiative and to bring them either to heel, or outlaw them. Putting people on a blockchain is a control grid.
So be mindful of what you wish for.
Comparison to aid in your consideration:
Think Nuclear power plants. This is heavily regulated by a lot of interests. By applying the same regulatory framework to Thorium, this type of energy production does not take hold. In The Netherlands, for years, a thorium reactor has been tested, but it does not move beyond that phase. Convenient, is it not? Yet, the Netherlands is being inundated by modern windmills growing in size up to 250 meters. Horizon pollution is one thing, the Northsea right now is being used also to stack it full of windmills. the 30 odd naturalgasreactors cannot be replaced by thorium, although it would be easy to do, cheaper, sustainable and would drop the price of electric.
It would then also impact government as the government collects energy tax.
You see how this is going. What would make blockchain any different, especially in lieu of BBB, Great Reset and SDG's?
Couple this with Blackrock's house buying spree. Think about what a foreclosure tsunami would do for them?
Assuming the crash will be worse 2008, along with the media making gullible normies lose their money, this is probably right. Also worth noting massive institutions like Blackrock buying up homes (as well as large quantities of other assets) and hyperinflation crippling the dollar. Scary times ahead, all things considered.
This is actually part of my grand conspiracy. You really believe some random dude created bitcoin? And that its decentralized?
Imo it had to either be a 3 letter, state actor, or silicon valley type. I dont see any way some random dude created it and is cool with remaining anonymous and sitting on 500 mil in btc or whatever Satoshi has now.
1: roll it out slowly so people accept idea of digital currency 2: make everyone think it is anti gov and big banks however you can't actually withdraw it without a bank account anywhere that I have seen 3: make it seem safe as a hedge against stock market. 4: begin crashing dollar now that digital looks more stable long term 5: wait for people to move assets to digital 6: come up with digital tracking and or crash crypto as well. 7: force them to get a microchip to access their funds or whatever bullshit they decide ? they finally got people to accept digital currency without firing a shot.
If glowfags created and control Bitcoin, then all we have to do is fork it and lock them out.
It doesn't matter if they did it since it's open source and people can do whatever the heck they want with it.
If glowies created BTC they really fucked themselves over.
And who is saying that white hats didn't create it? Although a random dude creating it is anything but unlikely.
It's not magic and there are ridiculously many autists that have created more impressive/complex things that just didn't have as much potential impact.
Personally I love crypto, I believe Satoshi Nakamoto = HSBC bank.
there was an article that tether was was a huge scam, funneling millions of fake USd dollars into crypto.
Essentially a fractional reserve type scheme that bypassed banking regulations.
Hi op,
I'm curious...if the stock market crashes wouldn't that mean gme crashes too?
It depends. There are always some stocks and assets that will profit in a falling marketplace. OP is saying GME because this, along with AMC, are looking like the catalyst of the crash due to hedge funds’s losing short position.
Thank you for the clarification!
I mean, it's what they always do anyway.
I view blockchain and crypto as a very interesting concept, and today, some money can be made with trading it.
There are clear advantages in using a blockchain. However, there are also ways in which it can be abused.
Like any technology, several iteration are visible. The initial stage that allows for the development of new applications. Governments and banks are slowly catching on. In the framework of digitization governments and banks are highly interested, especially since they can put anyone and everything on a blockchain ledger. Of course, with the best of intentions coupled with the power of simply outlawing it, except their own system[/s]
Another indication of free market crypto being an enemy to the CB world, is the move Nicaragua made to elevate bitcoin to the level of legal tender. This move cause a lot of panic in the IMF offices.
Although in many jurisdictions there is contractual freedom, meaning how you get paid is a matter of what is convenient to you, tax laws are usually such that you need to translate your earnings into fiat, and foot the bill in fiat.
The Great Reset and SDG's seek to eradicate these free market initiative and to bring them either to heel, or outlaw them. Putting people on a blockchain is a control grid.
So be mindful of what you wish for.
Comparison to aid in your consideration:
Think Nuclear power plants. This is heavily regulated by a lot of interests. By applying the same regulatory framework to Thorium, this type of energy production does not take hold. In The Netherlands, for years, a thorium reactor has been tested, but it does not move beyond that phase. Convenient, is it not? Yet, the Netherlands is being inundated by modern windmills growing in size up to 250 meters. Horizon pollution is one thing, the Northsea right now is being used also to stack it full of windmills. the 30 odd naturalgasreactors cannot be replaced by thorium, although it would be easy to do, cheaper, sustainable and would drop the price of electric.
It would then also impact government as the government collects energy tax.
You see how this is going. What would make blockchain any different, especially in lieu of BBB, Great Reset and SDG's?
Loose cash?