Disagree. It sounds like you're talking specifically about BTC.
How did you get that out of what I said?
Btc is the largest market share. To suggest it isn't important in the crypto market is ludicrous. If Btc and Eth fell, the market would fall like a rock. No one would have any faith in any other crypto. I mean sure, a few people would hold on with both hands, but every single retailer that has gotten on board would dump it like a hot rock. Outside of the grey and black market, it would be destroyed.
Maybe your definition of fatih is different than mine?
faith: complete trust or confidence in someone or something
Faith is belief. A real asset is not faith. It has value in its physical existence itself. A house has value extrinsic to its bank loan value. Food has value extrinsic to its looks on the shelf. Silver has value extrinsic to its value as a currency.
Btc has no value whatsoever other than the belief and trust of the people that have invested in it, and the stores that accept it. Once stores no longer accept it, the belief of the investors will fail. The fraud of fiat currency, any fiat currency will be revealed. No one will trust it again.
The warehouse I have with 24 machines that process electronic transactions don't look like "faith." to me.
This has nothing to do with my "preference." This is about the reality of crypto.
Crypto as a structure is awesome. Please see my other post in this thread (below the one you responded to). I am talking about fiat crypto and the systems that are already in place; who actually controls them, etc.
Crypto is 100% controlled opposition. Of course it is. It is ludicrous that something so simple, that they saw coming years ago (if they didn't create it themselves) wasn't on their radar and controlled by them. They control everything in that sphere and have for thousands of years. Please read the post in the link I gave you earlier for more information on that; so you can get a basic understanding of the scope of things.
Your "disagreements" aren't really addressing what I am saying.
I have no doubt you know all kinds of cryptos that are great and wonderful and a ton of people believe in them.
I can see that you personally are quite invested in the project. You have seen the benefits of crypto over Federal Reserve Notes (FRN) and believe those benefits constitute a valid basis upon which to build an economy.
Historically no fiat currency has ever survived more than a few decades (usually only a few years). They have never survived past the death of the dictator (person who creates law by their word) that puts them into law, AKA legal tender laws.
Because people believe that a persons word has meaning, AKA creates reality, people will follow those legal tender laws and will use it as an intermediary of exchange for barter. Once the dictator dies (usually a king, but in our case The Fed) faith in their fraudulent currency also dies. The people's belief that their legal tender has value is gone with the death of the dictator.
It doesn't matter who has faith in your currency. If it is not everyone, or at least enough, then you can't create a meaningful economy out of it. You believe you can, and that a few million people, spread all over the planet can create that economy. But what happens when no stores will take any crypto because:
A) the PTB own all the stores (please see my post in the previous message)
B) they can create a complete lack of faith in all crypto by destroying the entirety of all the top ones. They don't have to destroy your faith in it. They only have to destroy the faith in the store owners that currently take it.
You can still trade between you, but what if there is no exchange between your crypto and the FRN (or any other bank currency in the world)? They can shut that down easy.
How many of you are farmers? You will all still need to eat. How will you ship food between you? How about any other goods? How will you create an economy using a few million people, very few of whom have any real assets (AKA not money or crypto, but actual, tangible assets, like food stores, clothing, meat, apartment buildings that are empty where people can live and exchange their crypto to their hearts content, etc.)
There is nothing there. It is a nothing that you pass around and call something. All believing in it because you have seen it work. You have seen its benefits. You have seen how its way better than an FRN. You will get no disagreement from me on that. But the FRN isn't worth using to wipe your ass (but at least it can be used for that purpose, I just don't recommend it). You pass around electrons on each others computers and think it has meaning. Once people realize that not enough other people agree to create an actual economy of real assets, faith will be gone.
Only a real asset backed crypto can possible be worth anything. People need assets. People want crypto. People will realize that and then people will no longer want crypto that is not backed by assets.
You will no longer want crypto that is not backed by assets.
This is The Matrix. Passing around things that are not, as if they were things that are, because someone told you they were, is a lie of The Matrix. The Matrix will be revealed, and all will stop being so silly.
Until that time, enjoy The Matrix. It will crumble soon.
How did you get that out of what I said?
Btc is the largest market share. To suggest it isn't important in the crypto market is ludicrous. If Btc and Eth fell, the market would fall like a rock. No one would have any faith in any other crypto. I mean sure, a few people would hold on with both hands, but every single retailer that has gotten on board would dump it like a hot rock. Outside of the grey and black market, it would be destroyed.
Faith is belief. A real asset is not faith. It has value in its physical existence itself. A house has value extrinsic to its bank loan value. Food has value extrinsic to its looks on the shelf. Silver has value extrinsic to its value as a currency.
Btc has no value whatsoever other than the belief and trust of the people that have invested in it, and the stores that accept it. Once stores no longer accept it, the belief of the investors will fail. The fraud of fiat currency, any fiat currency will be revealed. No one will trust it again.
That my friend is exactly what faith looks like.
Guess what it will look like when faith is gone.
This has nothing to do with my "preference." This is about the reality of crypto.
Crypto as a structure is awesome. Please see my other post in this thread (below the one you responded to). I am talking about fiat crypto and the systems that are already in place; who actually controls them, etc.
Crypto is 100% controlled opposition. Of course it is. It is ludicrous that something so simple, that they saw coming years ago (if they didn't create it themselves) wasn't on their radar and controlled by them. They control everything in that sphere and have for thousands of years. Please read the post in the link I gave you earlier for more information on that; so you can get a basic understanding of the scope of things.
Your "disagreements" aren't really addressing what I am saying.
I have no doubt you know all kinds of cryptos that are great and wonderful and a ton of people believe in them.
I can see that you personally are quite invested in the project. You have seen the benefits of crypto over Federal Reserve Notes (FRN) and believe those benefits constitute a valid basis upon which to build an economy.
Historically no fiat currency has ever survived more than a few decades (usually only a few years). They have never survived past the death of the dictator (person who creates law by their word) that puts them into law, AKA legal tender laws.
Because people believe that a persons word has meaning, AKA creates reality, people will follow those legal tender laws and will use it as an intermediary of exchange for barter. Once the dictator dies (usually a king, but in our case The Fed) faith in their fraudulent currency also dies. The people's belief that their legal tender has value is gone with the death of the dictator.
It doesn't matter who has faith in your currency. If it is not everyone, or at least enough, then you can't create a meaningful economy out of it. You believe you can, and that a few million people, spread all over the planet can create that economy. But what happens when no stores will take any crypto because:
A) the PTB own all the stores (please see my post in the previous message)
B) they can create a complete lack of faith in all crypto by destroying the entirety of all the top ones. They don't have to destroy your faith in it. They only have to destroy the faith in the store owners that currently take it.
You can still trade between you, but what if there is no exchange between your crypto and the FRN (or any other bank currency in the world)? They can shut that down easy.
How many of you are farmers? You will all still need to eat. How will you ship food between you? How about any other goods? How will you create an economy using a few million people, very few of whom have any real assets (AKA not money or crypto, but actual, tangible assets, like food stores, clothing, meat, apartment buildings that are empty where people can live and exchange their crypto to their hearts content, etc.)
There is nothing there. It is a nothing that you pass around and call something. All believing in it because you have seen it work. You have seen its benefits. You have seen how its way better than an FRN. You will get no disagreement from me on that. But the FRN isn't worth using to wipe your ass (but at least it can be used for that purpose, I just don't recommend it). You pass around electrons on each others computers and think it has meaning. Once people realize that not enough other people agree to create an actual economy of real assets, faith will be gone.
Only a real asset backed crypto can possible be worth anything. People need assets. People want crypto. People will realize that and then people will no longer want crypto that is not backed by assets.
You will no longer want crypto that is not backed by assets.
This is The Matrix. Passing around things that are not, as if they were things that are, because someone told you they were, is a lie of The Matrix. The Matrix will be revealed, and all will stop being so silly.
Until that time, enjoy The Matrix. It will crumble soon.