Deep State is Threatened by Crypto
(twitter.com)
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Let’s start with regulatory clarity and we can go from there. The govt is grabbing at cypto because they know the end is nigh for the dollar. These jackasses know even less about crypto than they do about evacuations. Let’s just hope this “movie” ends soon. I feel like I am watching Cleopatra in an uncomfortable movie theatre with an empty popcorn bucket and a bladder full of Diet Pepsi.
Monero is a hell of a censorship resistant privacy coin, since you can't oversee transactions you can't decrypt.
There's also a new one I stumbled upon called Pirate Chain that also looks promising.
Zcash and Dash.
Personally a little wary on Zcash, because of the default off privacy and trusted setup needed.
One reason I won't touch crypto: government will come down hard on anyone exchanging crypto for dollars. It's also conceivable that they'll block internet traffic related to crypto.
There's no lengths the government won't go to protect the dollar from competition.
Yeah, I've got a weird spidey sense about crypto. If you can't hold it in your hand, you're at the mercy of electronics and interference. We'll see. I like silver much more!
Remember guys, not your keys, not your crypto
The deep state is not threatened by crypto. The deep state plan is to change the money to cripto because they own it and it will be used to make society cashless and finish the big reset.
They don't need regulations if they already control every crypto asset.
Idk
I wouldn't be surprised if tether or w/e it is blows up from investing in chinese bonds...
Let me throw a theory out there:
Crypto right now is "bad", for the same reason a fiat-backed paper Dollar is bad. There is no intrinsic value to it, scarcity can be changed on a whim (money printer go brrr) and it's worth what Wall Street says it is. On top of that, there's literally a new pump-and-dump shitcoin minted every day, that Zoomers and Millenials are dropping paychecks on. Most end up bagholders, some make a few bucks, but in the end the house wins and roulette has a better payoff. Bitcoin, arguably the most stable out there, might be sufficient as a store of value or a speculative equity, but technical challenges with how it implements proof-of-work that make it undesirable as a currency.
Trump (and Mnuchin) know there is a bright future to crypto. But not in the current wild west state where a normal Dick or Jane can get fleeced. Certainly not in some cabal-controlled Fedcoin tied to your social credit score and fully traceable down to the penny, except for the elite holders.
Something needs to be done to make crypto a truly viable alternative. Whatever that "thing" is, it's going to be intensely unpopular. It's a big bandaid that needs to be torn off; like the Afghanistan pullout, the manufactured shipping crisis to hand China their ass, and the pain caused by shortages yet needed to return manufacturing to our shores.
What if this was a deliberate decision handed off to the Bidan regime to be the public face of failure? To act as the fall guy for when it goes wrong, so white hats can swoop in later to put it right, and give birth to NESARA... but under a different mask that younger generations can understand the value in?
No, crypto is the govts currency It will fail. It will do millions of dmg.
This is their way of profiting and limiting self sustained dmg
They have no control over crypto. They have to make their own Fedcoin if they want control.
Bwahahahahahaahahahahah wrong
Oh look another crypto "expert".
Sir wtf are you talking about. Bitcoin is not owned by any central entity, and the creator "Satoshi Nakamoto" is anonymous and to this day no one knows who he is. Though his name would imply he is Japanese, people have speculated it was a group of people or even the CIA that created Bitcoin but no one knows. BTC is decentralized, and China just recently banned BTC miners from their country, and are enacting even more crypto regulation to soon ban it from their country entirely (what a surprise, they'll come out with their own cryptocurrency that the Chinese people use and it'll be controlled by the Chinese Government... look up CBDCs). There are thousands of nodes, if someone dropped a nuclear bomb in Europe, Russia and China BTC would still exist due to its decentralized nature (miners located all across the world).
How on earth did you spend 100k on mining equipment and not factor in electricity cost in your budget? Mining is becoming more obsolete as time progresses though, there are plenty of crypto currencies offering 10% APY just for holding and staking their coin on their respective networks, such as LUNA, ONE, ADA, and soon ETH.
You fucked up. I’m making thousands a month mining ETH still. Did you buy 100k worth of btc asics or what?
I have a dell computer right now that I can turn off and crypto is still making me money sir. Almost no electricity required except turning my computer on to check how much I’ve made lol. I could buy a $500 laptop and make great money from crypto. Mining is becoming obsolete. Proof of Work is being phased out, Proof of Stake is already in effect with most blockchains out there. Bitcoin will continue to be mined until all 21 million BTC have been minted. Until then, private companies are indeed buying up the supply, but there are no two “Chinese companies” that own a majority of BTC. one, a Chinese company holds the most Bitcoin out of any private company, but it holds only 140k BTC out of the 18 million circulating. Binance holds the most BTC in cold storage, they hold over 200k BTC. ETFs, more notably Grayscale Bitcoin Trust holds over 650k BTC. More ETFs will be approved maybe even this month and the supply will diversify even more. Show me evidence of these two companies that hold a majority of BTC. It is all on a public ledger. Until then your spouting non sense that you probably read on Yahoo Finance two years ago when China controlled over 50% of bitcoin mining. China banned BTC. They banned mining. Why? Because they copied the tech, made it, and are banning all use of any crypto in China so you have no choice but to use their new digital currency they’re releasing (what a shocker, they copied Google, YouTube and Twitter over there and banned use of those platforms). If you don’t hold a BTC or aren’t in any form of crypto ser, ngmi.