Anyone saying crypto is a scam are people who have done zero research or heard down the grapevine that it’s going to zero. Meanwhile every cycle it goes up in value. If you don’t believe in the US government and you disagree with them printing trillions of more dollars yearly which devalues your dollar, your INCOME, buy the greatest store of value in modern history... BITCOIN. Don’t say it’s going to get banned (government said they have no interest in banning it) don’t say it’s centrally controlled (the biggest bitcoin wallets are owned by different entities, and mining operations are owned by different companies/people...if those shut down any person with a computer can mine it.). Ugh, life changing money awaits if you would open your mind, but most boomers think gold and silver are the way to go. They probably didn’t invest in any dot com entities cus the internet could be turned off and your entire company becomes obsolete (guess we saw how big the internet got eh?)
Its not that BTC is a scam, it is that BTC is not currency. It is a commodity that people use as a form of exchange. Currencies are issued by governments. BTC may exist for quite a while by governments, but when it becomes viewed as inconvenient by any government, it will be banned. Some/many will continue to use it as a black market form of exchange, but it is still a commodity.
There's no solid evidence of crypto being a deep State op. In fact there is more evidence of the exact opposite as they desperately try to push regulations and China trying to make it illegal.
Crypto will eventually replace the USD, be it Bitcoin, Ethereum, or later 3 cryptocurrencies.
A non-state issued crypto will not replace the USD. The USD might lose value and be replaced by another state issued currency as has happened to empires in the past. Whatever replaces the USD will have to be something backed by a governing body that people have confidence in. Confidence in the long term reliability of that governing body to support value in the currency.
Non-state issued crypto has no such backing. There is nothing that could prevent the inflation of the quantity of BTC; there is only the assumption by many parties that it could not happen because whoever setup BTC said they won't. But none of those believers have any ability to stop what I just said from happening. And if it happens, there is no recourse by BTC owners. There is no accountability; because it is a commodity, not a currency.
Also, rich to moderately wealthy individuals seeing the writing on the wall and scrambling to find any safety for their assets before SHTF (which might happens when Evergrande defaults next week, or even earlier)
It is a way for the rich and the criminal to easily launder their dirty money. It is worthless, not backed by anything. But after the democrats bankrupt America, and the dollar has no value, the rich will still have their fake wealth in crypto.
I still stand by my gut feeling crypto is bad, regardless of traceability, and it can still be centrally controlled. It is the cashless society.
Also the fact that the value of everything outside that control system is still based on what the establishment says. Your money is secure great.
Who cares when bread is 50k BTC for a loaf and your time working only nets you 5BTC
Crypto as of now is FIAT FIAT, what backs it? The Dollar lol
Anyone saying crypto is a scam are people who have done zero research or heard down the grapevine that it’s going to zero. Meanwhile every cycle it goes up in value. If you don’t believe in the US government and you disagree with them printing trillions of more dollars yearly which devalues your dollar, your INCOME, buy the greatest store of value in modern history... BITCOIN. Don’t say it’s going to get banned (government said they have no interest in banning it) don’t say it’s centrally controlled (the biggest bitcoin wallets are owned by different entities, and mining operations are owned by different companies/people...if those shut down any person with a computer can mine it.). Ugh, life changing money awaits if you would open your mind, but most boomers think gold and silver are the way to go. They probably didn’t invest in any dot com entities cus the internet could be turned off and your entire company becomes obsolete (guess we saw how big the internet got eh?)
Its not that BTC is a scam, it is that BTC is not currency. It is a commodity that people use as a form of exchange. Currencies are issued by governments. BTC may exist for quite a while by governments, but when it becomes viewed as inconvenient by any government, it will be banned. Some/many will continue to use it as a black market form of exchange, but it is still a commodity.
And what will you do with your digital wealth when SHTF?
Will someone trade you a TANGIBLE chicken or other food item for a digital 1s and 0s?
Crypto currency is only valuable in a functioning modern society. It's just as equal to wall street stocks.
I'll store my oh shit needs in lead and other tools.
There's no solid evidence of crypto being a deep State op. In fact there is more evidence of the exact opposite as they desperately try to push regulations and China trying to make it illegal.
Crypto will eventually replace the USD, be it Bitcoin, Ethereum, or later 3 cryptocurrencies.
All I've seen regarding that involve sketchy websites that don't provide any actual sources.
The cabal wants their own Fedcoin that they can mint and control. They don't have that with Bitcoin or Ethereum, or any other altcoin
xchainlinkx thanks for bringing the reinforcements. I've been fending off these naysayers all day.
Yeah. It's a shame how they attack something they don't understand.
How can they claim to be awake when they are so ardently against learning about this topic? So much for the site's namesake...
A non-state issued crypto will not replace the USD. The USD might lose value and be replaced by another state issued currency as has happened to empires in the past. Whatever replaces the USD will have to be something backed by a governing body that people have confidence in. Confidence in the long term reliability of that governing body to support value in the currency.
Non-state issued crypto has no such backing. There is nothing that could prevent the inflation of the quantity of BTC; there is only the assumption by many parties that it could not happen because whoever setup BTC said they won't. But none of those believers have any ability to stop what I just said from happening. And if it happens, there is no recourse by BTC owners. There is no accountability; because it is a commodity, not a currency.
Also, rich to moderately wealthy individuals seeing the writing on the wall and scrambling to find any safety for their assets before SHTF (which might happens when Evergrande defaults next week, or even earlier)
It is a way for the rich and the criminal to easily launder their dirty money. It is worthless, not backed by anything. But after the democrats bankrupt America, and the dollar has no value, the rich will still have their fake wealth in crypto.