I was reading through some comments on this post: https://communities.win/c/GreatAwakening/p/12jd0GCP85/cashless-bitcoin-and-the-devil-w/c/
And realized, I have shrugged off crypto because I simply don't understand it. For someone like me who is now realizing it's a good idea to get involved, how do I do it? It's very overwhelming, but I'm committed to learning. Let's talk!
The post you're talking about is against crypto. With all the recent developments linking your "vax passport" to "digital ID", crypto wallets are next. Do you really want to rely on a system that could just turn off your money if they deem you a dissenter? I'd rather wait until this craziness blows over and invest in some silver. Crypto right now is full of pump and dump scams, too. The value of most coins is highly volatile, too. Tread carefully, fren.
Thank you for the insight. I definitely want to tread carefully here! It's why I wanted to make a more general convo about crypto.
The parts from the linked post that got me thinking, though, were these:
"BTC to me is one of the things that will help return power to the people. It's a direct threat to the central banking cabal that runs almost every single country in the world."
"Blockchain is the future of humanity and a major part of the great awakening."
"There are already 'privacy coins' like Monero, ZCash, Horizon etc. This tech is moving faster than the DS can keep up with, and in the end the winner will be in favor of 'the people's privacy and in our best interest."
"Study up and pay attention people, we are witnessing the first transformation of money in over 5000 years."
Just made me want to dig a bit deeper :)
You're all good, I'm glad you're researching it properly before investing. The thing about privacy coin is a fallacy imo, because if I pay with cash at a shop right now, there is no way to trace that money back to me. It's different with crypto, your wallet addresses stay the same, all your transactions will be able to be traced. Right now you can still make a wallet without providing government ID but more and more they require ID and / or your phone number. However, most crypto trading websites won't let you trade without a government ID. There is no reason the government or any site couldn't just ban your wallet address and ID-gate the making of new ones. Anyhow, right now you can still make a buck, and as you said, tread carefully and diversify! Bless you fren.
Very interesting, appreciate that perspective. This is why I like to do my due diligence! Bless you as well