Bitcoin is heavily manipulated and a scam. Its also the vehicle for bringing in the NWO central bank digital currency for the next step of our enslavement.
Yeah the prices go up and down, but its best to watch it with amusement rather than try to jump on that train and get crushed as the Storm hits.
I know Bitcoin is a touchy subject here, but when you see how hard Jack Dorsey is pushing it, and the fact that for Bitcoin to ever scale as "people's currency" they will need private layer on top, you will realise that Bitcoin is pretty much in the Cabal sights.
I give up on people here who are married to the idea that bitcoin will liberate them. Its like saving the sheep and letting them wander off right into the wolf den.
People need to learn to think without emotions. Yes, the idea of Bitcoin was amazing, at one point, but we have gone way beyond that and people need to keep up with times.
The only way they can add a "private layer" is to create a whole new smart contract, which won't be able to replace Bitcoin. And everyone else in crypto wouldn't bother with the new smart contract.
Sure it's slow, but we already have cryptos that can move around the network faster such as Litecoin and Bitcoin Cash
To only connection to the "central bank digital currency" (which already exist and has been in use since the 90's), is the fact that carbon credit. The slave currency of the new world order will run as a smart contract on blockchain rather than on centralized generic SQL databases.
This is called technological advancement, like automatic or semi automatic guns that doesn't take minutes to reload because you have to fill it up with gun powder and put in the bullet through the pipe or that sort of crap. Or cars that look like cars, and not a horse carriage without a horse.
In the new world order everything will depend on carbon credit, so it would be a shame, for them, if that system ever gets hacked or shut down. How do they prevent that from happening? with blockchains of course which to this day has proven to be secure.
Don't you see the mind games they're playing on you here? making you think it's the history repeating itself, and because you fear getting ripped off just like your ancestors was back in the days when gold was replaced by worthless paper backed by debt... Because of that you fear technology which is designed to work just like gold, technology that will be used as gold as carbon credit will be backed by Bitcoin. They will have to pay operations fees for their smart contract carbon credit system, and that fee can only be paid in Bitcoin.
There's just too many ignorant sheep in this world, so there will be a new world order no matter what we think or do.
The only variable is, will you have digital gold to spend on the black market or not? will the digital gold be used enough on the black market to have value? how will the elite deal with this "issue", after all, they won't use carbon credit for their own luxurious consumption.
They want privacy and therefore it makes sense for them to use gold or digital gold for their payments, which theoretically should keep the prices relatively stable.
Crypto isn't going anywhere. The blockchain technology that powers crypto will be embedded into the future of nearly every technological innovation.
Bitcoin may indeed experience a crash however. Compared to other crypto models, Bitcoin's proof of work system is extremely wasteful, and the world would certainly be better off without it. Proof of stake is much more energy efficient, and does not promote supply chain blockage with graphics cards and chips.
As for whether Bitcoin is a scam or not, it is no more or less of a scam than fiat currency and the Federal Reserve. I do believe it is likely being exploited by the criminal underworld for human and drug trafficking, but then again any currency can be exploited for these means.
Personally, I don't own any Bitcoins, primarily because of the reasons I listed above. I don't like the blockchain model, and there are far more interesting projects with actual use cases for the tokens beyond simply existing.
Blockchain is crowdsourced, verifiable, authenticated accounting, and quite useful screen without electricity. Don't blame others for not explaining it, if you don't understand it. Crypto and cryptic markets are another thing entirely, and susceptible to scams.
I'm not sure I agree with the conclusions regarding tether, though it does definitely stimulate thought.
Perhaps the reason why tethers are even necessary in the crypto market at this time is the lack of a viable clearing house. Most ordinary traders go straight through an exchange and purchase their desired crypto asset directly with USD funds. I have never bought a tether coin for a transaction, though I have had to use uniswap to purchase coins that are not yet listed on exchanges. In those transactions though, I always use ethereum as my middle coin. That does not seem to be the nature of the transactions referenced in the article, as the article highlights the massive volume of USD being moved through tether. This is indicative of larger institutional traders using tether tokens as a means for more assurance of transactions in the market. I think once crypto has a secure and regulated clearing house, tether tokens will likely become obsolete.
What this points out is that the tether exchange offers leverage, allowing people to trade on margin, messing with the value by using money that doesn't exist.
damn yall sitting here hating and we've been posting memes on the public blockchain for years - (rarepepe) - n00bs. its utility is that it works - try using it sometime
It has to eventually. Any currency that is backed by faith crashes when faith fails. As soon as a viable competing crypto that is backed by an asset enters the market, all the rest will crash and burn.
It doesn't cost much of anything to move it around actually.
And it only fluctuates due to the paper markets, which shows the paper markets are the ones that's actually volatile.
I am currently invested in the project Revolution Populi (RVP).
RVP has a maximum circulating supply of 2,000,000,000 tokens.
The utility of RVP is two fold.
First: The team wants to built a decentralized app store for hosting applications that will require user data input. The foremost app they wish to design for this platform is a new social media site. Normally, when you hand over your data to a social media company like Facebook, the owner of that company has full control over what happens with your data. They can use your data to target advertisements at you, or they can sell it to the highest bidder. One utility purpose of the RVP token in the blockchain will be to require third party advertisers to pay users with RVP for access to their data, and only at the approval of each individual user. Rather than Zuckerbot getting all advertisement revenue, as is the case with Facebook, that revenue goes to the user via the crypto token RVP.
A second utility of the RVP token will be in the transactions executed on their clearing house. Whenever an institution wants to use the services of their clearing house, they will first have to pay the gas tax in RVP in order to convert their Fiat to Crypto, the profits of which will go to the proof of stake node runners who operate the blockchain. This clearinghouse will directly finance the continued support of the decentralized app store.
This is only one example of how a blockchain can produce utility with a cryptocurrency. It is the only example I feel I am knowledgeable enough to give a writeup about, but there are many other projects out there with excellent utility and use cases for their tokens.
I didn't say that crypto couldn't have any possible uses. I think our entire stock market and economy will be using them in the future. I asked about Bitcoin and the other assets that have value solely because people believe they do. Is there some property of Bitcoin that can make any of those utilities better than some other crypto?
For instance, RVP is worth a dime (or whatever its at atm). Is Bitcoin 600,000 times better at those things than RVP as the value difference suggests?
I would say from my limited experience that Bitcoin lacks a lot of the utility aspects that newer projects have. Bitcoin was able to get away with having very limited utility simply because it was the very first token in the market, and so enjoyed the benefits of being first to the party.
I don't foresee Bitcoin diminishing in the near future due to its massive presence in the market. Coins can do extremely well based solely upon hype. Coins like Shiba honestly shouldn't be worth anything, and yet they are because people decided that they should be.
I think you've struck on a very important dynamic of the crypto market. The fact of the matter is that crypto is just... different. It doesn't always make sense, and sometimes it can be clearly based around ponzi schemes, gambling, and casino antics. My own thought process is that while the crypto market can certainly attract the gambler personalities to the table, so too can the fiat stock exchanges as well. For every hundred projects that fuel themselves on hype, there is a gem with real utility that will outlast all the hype coins.
I think the majority of the hype coins, including Bitcoin, will eventually become extinct as utility based coins grow in popularity. You have to realize that the crypto market is still in its infancy. It has only been around for a little over a decade, and is rapidly morphing and evolving into something that I think nobody can really predict.
One thing is for sure... our grandchildren will be learning about this time in financial history in their High School economics classes one day.
Seems Like ???? Please do your homework, Understand Blockchain fully Understand. Crypto “steaking” “projects”
DeFi coins … If he would consider as much effort studying this, as much as you may have with 17 drops, you might be astounded.
Snowden was pushing Monero - I am pretty sure this is the base for some iteration of the CBDC the central banks are pushing .. I would be wary about it
So Alice pays X amount to Bob at Y time, that's all you know, now what happened here? what did Alice pay for?, who is Alice? who is Bob? So many questions and no answers.
There's only one transaction between Alice and Bob, and the amount is the amount they sent between each others, not the full wallet balance. This is because Alice and Bob are not dumb enough to not follow best practice which has been standard in almost every wallet for years now, which is to generate a new public address for every transaction. You haven't followed the development it seems.
Besides, in terms of taxation and public spending, a public chain with reused addresses would be a great way for people to see exactly how their tax money is spent.
A private key can have infinite public keys attached to it, and that's literally best practice as of today in every major wallet software, and has been for years now.
Sure if you for some reason don't use this strategy and only use one public key you may get tracked or blacklisted by centralized KYC exchanges, should be added, and never by the blockchain itself.
Native on chain payments and the lightning network will always accept your transaction, no matter what because none of those has any blacklisting features.
If a bank gets robbed and cash gets stolen they could easily blacklist the serial numbers of the stolen bills too and you risk getting arrested if you for some reason comes over one of those bills and some store recognize the serial number. Same with gold bars, they typically have a mark on them, so you gotta melt it and reshape before you can use it.
You're demanding a level of privacy and fungability no existing medium of exchange will offer you just like that unless you're aware of the flaws and avoid taking stupid risks, which btw is how criminals get caught. If this is such a major concern for you, then why don't you just use Monero instead of Bitcoin?
Bitcoin is heavily manipulated and a scam. Its also the vehicle for bringing in the NWO central bank digital currency for the next step of our enslavement.
Yeah the prices go up and down, but its best to watch it with amusement rather than try to jump on that train and get crushed as the Storm hits.
Only way Bitcoin is manipulated is through the paper markets and speculation.
I know Bitcoin is a touchy subject here, but when you see how hard Jack Dorsey is pushing it, and the fact that for Bitcoin to ever scale as "people's currency" they will need private layer on top, you will realise that Bitcoin is pretty much in the Cabal sights.
This private layer would be like the Fiat currency on top of Gold. Alex Gladstein lets the cat out of the bag in this 10 min clip near the end
So, if Cabal is all over it, is it possible its manipulated beyond paper markets?
Its PoW - so the big miners have more power. Is it impossible to believe more tha 50% of the miners are CIA/CCP miners?
Is it possible Cabal has quantum computers that can break Bitcoin crypto-algorithms?
There are tons of original unusued chunks. Not worried about Cabal having control of that kind of stuff?
I give up on people here who are married to the idea that bitcoin will liberate them. Its like saving the sheep and letting them wander off right into the wolf den.
People need to learn to think without emotions. Yes, the idea of Bitcoin was amazing, at one point, but we have gone way beyond that and people need to keep up with times.
The only way they can add a "private layer" is to create a whole new smart contract, which won't be able to replace Bitcoin. And everyone else in crypto wouldn't bother with the new smart contract.
Sure it's slow, but we already have cryptos that can move around the network faster such as Litecoin and Bitcoin Cash
To only connection to the "central bank digital currency" (which already exist and has been in use since the 90's), is the fact that carbon credit. The slave currency of the new world order will run as a smart contract on blockchain rather than on centralized generic SQL databases.
This is called technological advancement, like automatic or semi automatic guns that doesn't take minutes to reload because you have to fill it up with gun powder and put in the bullet through the pipe or that sort of crap. Or cars that look like cars, and not a horse carriage without a horse.
In the new world order everything will depend on carbon credit, so it would be a shame, for them, if that system ever gets hacked or shut down. How do they prevent that from happening? with blockchains of course which to this day has proven to be secure.
Don't you see the mind games they're playing on you here? making you think it's the history repeating itself, and because you fear getting ripped off just like your ancestors was back in the days when gold was replaced by worthless paper backed by debt... Because of that you fear technology which is designed to work just like gold, technology that will be used as gold as carbon credit will be backed by Bitcoin. They will have to pay operations fees for their smart contract carbon credit system, and that fee can only be paid in Bitcoin.
You are making it sound like there is nothing to fear ... (nervous laugh)
There's just too many ignorant sheep in this world, so there will be a new world order no matter what we think or do.
The only variable is, will you have digital gold to spend on the black market or not? will the digital gold be used enough on the black market to have value? how will the elite deal with this "issue", after all, they won't use carbon credit for their own luxurious consumption.
They want privacy and therefore it makes sense for them to use gold or digital gold for their payments, which theoretically should keep the prices relatively stable.
Crypto isn't going anywhere. The blockchain technology that powers crypto will be embedded into the future of nearly every technological innovation.
Bitcoin may indeed experience a crash however. Compared to other crypto models, Bitcoin's proof of work system is extremely wasteful, and the world would certainly be better off without it. Proof of stake is much more energy efficient, and does not promote supply chain blockage with graphics cards and chips.
As for whether Bitcoin is a scam or not, it is no more or less of a scam than fiat currency and the Federal Reserve. I do believe it is likely being exploited by the criminal underworld for human and drug trafficking, but then again any currency can be exploited for these means.
Personally, I don't own any Bitcoins, primarily because of the reasons I listed above. I don't like the blockchain model, and there are far more interesting projects with actual use cases for the tokens beyond simply existing.
This is one way bitcoin is a scam. There may be others. https://crypto-anonymous-2021.medium.com/the-bit-short-inside-cryptos-doomsday-machine-f8dcf78a64d3
Blockchain is crowdsourced, verifiable, authenticated accounting, and quite useful screen without electricity. Don't blame others for not explaining it, if you don't understand it. Crypto and cryptic markets are another thing entirely, and susceptible to scams.
You should read before reacting.
Interesting read.
I'm not sure I agree with the conclusions regarding tether, though it does definitely stimulate thought.
Perhaps the reason why tethers are even necessary in the crypto market at this time is the lack of a viable clearing house. Most ordinary traders go straight through an exchange and purchase their desired crypto asset directly with USD funds. I have never bought a tether coin for a transaction, though I have had to use uniswap to purchase coins that are not yet listed on exchanges. In those transactions though, I always use ethereum as my middle coin. That does not seem to be the nature of the transactions referenced in the article, as the article highlights the massive volume of USD being moved through tether. This is indicative of larger institutional traders using tether tokens as a means for more assurance of transactions in the market. I think once crypto has a secure and regulated clearing house, tether tokens will likely become obsolete.
Just my 2 cents.
What this points out is that the tether exchange offers leverage, allowing people to trade on margin, messing with the value by using money that doesn't exist.
damn yall sitting here hating and we've been posting memes on the public blockchain for years - (rarepepe) - n00bs. its utility is that it works - try using it sometime
It has to eventually. Any currency that is backed by faith crashes when faith fails. As soon as a viable competing crypto that is backed by an asset enters the market, all the rest will crash and burn.
It's not backed by "faith." It's backed by it's utility.
This is an excellent perspective. Very accurate.
Whats the utility of bitcoin? Costs a ton just to move it around and fluctuates like crazy. Most places dont even accept it.
It doesn't cost much of anything to move it around actually. And it only fluctuates due to the paper markets, which shows the paper markets are the ones that's actually volatile.
I dont think you understand how bitcoin works.
I've traded and mined Bitcoin. It's not that expensive.
To each their own.
What utility? How can it be used to produce something? What does it make?
I'll give you an example.
I am currently invested in the project Revolution Populi (RVP).
RVP has a maximum circulating supply of 2,000,000,000 tokens.
The utility of RVP is two fold.
First: The team wants to built a decentralized app store for hosting applications that will require user data input. The foremost app they wish to design for this platform is a new social media site. Normally, when you hand over your data to a social media company like Facebook, the owner of that company has full control over what happens with your data. They can use your data to target advertisements at you, or they can sell it to the highest bidder. One utility purpose of the RVP token in the blockchain will be to require third party advertisers to pay users with RVP for access to their data, and only at the approval of each individual user. Rather than Zuckerbot getting all advertisement revenue, as is the case with Facebook, that revenue goes to the user via the crypto token RVP.
A second utility of the RVP token will be in the transactions executed on their clearing house. Whenever an institution wants to use the services of their clearing house, they will first have to pay the gas tax in RVP in order to convert their Fiat to Crypto, the profits of which will go to the proof of stake node runners who operate the blockchain. This clearinghouse will directly finance the continued support of the decentralized app store.
This is only one example of how a blockchain can produce utility with a cryptocurrency. It is the only example I feel I am knowledgeable enough to give a writeup about, but there are many other projects out there with excellent utility and use cases for their tokens.
I didn't say that crypto couldn't have any possible uses. I think our entire stock market and economy will be using them in the future. I asked about Bitcoin and the other assets that have value solely because people believe they do. Is there some property of Bitcoin that can make any of those utilities better than some other crypto?
For instance, RVP is worth a dime (or whatever its at atm). Is Bitcoin 600,000 times better at those things than RVP as the value difference suggests?
This is an excellent discussion to have.
I would say from my limited experience that Bitcoin lacks a lot of the utility aspects that newer projects have. Bitcoin was able to get away with having very limited utility simply because it was the very first token in the market, and so enjoyed the benefits of being first to the party.
I don't foresee Bitcoin diminishing in the near future due to its massive presence in the market. Coins can do extremely well based solely upon hype. Coins like Shiba honestly shouldn't be worth anything, and yet they are because people decided that they should be.
I think you've struck on a very important dynamic of the crypto market. The fact of the matter is that crypto is just... different. It doesn't always make sense, and sometimes it can be clearly based around ponzi schemes, gambling, and casino antics. My own thought process is that while the crypto market can certainly attract the gambler personalities to the table, so too can the fiat stock exchanges as well. For every hundred projects that fuel themselves on hype, there is a gem with real utility that will outlast all the hype coins.
I think the majority of the hype coins, including Bitcoin, will eventually become extinct as utility based coins grow in popularity. You have to realize that the crypto market is still in its infancy. It has only been around for a little over a decade, and is rapidly morphing and evolving into something that I think nobody can really predict.
One thing is for sure... our grandchildren will be learning about this time in financial history in their High School economics classes one day.
I wonder if that's the nesara gesara plan
Also, watch this video to help wrap your head around Bitcoin.
https://youtu.be/2pDlaOGA2ac
Seems Like ???? Please do your homework, Understand Blockchain fully Understand. Crypto “steaking” “projects” DeFi coins … If he would consider as much effort studying this, as much as you may have with 17 drops, you might be astounded.
It just seems a lot like the tulip craze. Crypto has zero intrinsic value.
I know something has to replace the current criminal banking system and FRNs, but I don't believe more numbers on a computer to be it.
Physical commodities are the only good way, whether gold, silver, or other item that's equally usable as real money.
We were warned months ago that bitcoin will fail.
Bitcoin will be going on a bumpy ride - keep dipping and then hitting highs, until the Storm arrives, at which point it will whimper away to oblivion
Crypto will replace the USD. It's better to invest into Bitcoin and other altcoins when you can, but also keep buying silver and gold too.
Snowden was pushing Monero - I am pretty sure this is the base for some iteration of the CBDC the central banks are pushing .. I would be wary about it
So Alice pays X amount to Bob at Y time, that's all you know, now what happened here? what did Alice pay for?, who is Alice? who is Bob? So many questions and no answers.
There's only one transaction between Alice and Bob, and the amount is the amount they sent between each others, not the full wallet balance. This is because Alice and Bob are not dumb enough to not follow best practice which has been standard in almost every wallet for years now, which is to generate a new public address for every transaction. You haven't followed the development it seems.
Besides, in terms of taxation and public spending, a public chain with reused addresses would be a great way for people to see exactly how their tax money is spent.
A private key can have infinite public keys attached to it, and that's literally best practice as of today in every major wallet software, and has been for years now.
Sure if you for some reason don't use this strategy and only use one public key you may get tracked or blacklisted by centralized KYC exchanges, should be added, and never by the blockchain itself.
Native on chain payments and the lightning network will always accept your transaction, no matter what because none of those has any blacklisting features.
If a bank gets robbed and cash gets stolen they could easily blacklist the serial numbers of the stolen bills too and you risk getting arrested if you for some reason comes over one of those bills and some store recognize the serial number. Same with gold bars, they typically have a mark on them, so you gotta melt it and reshape before you can use it.
You're demanding a level of privacy and fungability no existing medium of exchange will offer you just like that unless you're aware of the flaws and avoid taking stupid risks, which btw is how criminals get caught. If this is such a major concern for you, then why don't you just use Monero instead of Bitcoin?