Melania Trump will Launch an NFT and Blockchain Technology Venture
(media.greatawakening.win)
You're viewing a single comment thread. View all comments, or full comment thread.
Comments (175)
sorted by:
Yes, it's digital currency, but it's decentralized! Unlike fiat, where the powers to be are allowed to print as much of it as they want (stealing wealth from us to distribute it amongst themselves), decentralized cryptocurrency can not be controlled by one entity. It's the solution to inflation. Not to mention it's unhackable, allows money to transfer almost instantly to anyone else around the world-eliminating the need for banks/third parties, and will exist as long as the internet exists.
Michael Saylor talks BTC to Tucker Carlson, full interview: https://www.bitchute.com/video/jUQ8XJzsmLf7/
I get that but, what makes you immune to people saying no?
Sincerely, if they dont want to accept crypto, what stops you from being poor?
I don't understand the question. What makes people use fiat currency now? Nothing. We choose to because it's the system that's already in place, plus the government expects us to pay tax on our property. Anyone can choose to live off the grid and use a barter system as long as you are tax-exempt or somehow manage to elude the IRS, you should be good haha. The problem with bartering is that it is an inefficient way of exchanging goods/services.
The more people learn of the benefits of cryptocurrency, the more popular it becomes and the more governments try to regulate it. Thing is, they really can't control it (decentralized). So they outright ban it, like what China has done.
It's only the solution to inflation so long as there isn't a coin out there doing inflationary actions.......like USDT aka Tether
Tether is a centralized cryptocurrency, not the kind I'm talking about. USDT was explicitly created to be pegged to the US dollar's price.
Indeed, though consider what would happen if Tether was printing billions of 'dollars' even though the price was still pegged to USD. They could manipulate the snot out of the cryptomarkets, regardless of how decentralized they are. As far as I know, that's what they've been doing. I've also heard Tether is tied to Evergrande. Makes sense to me why Japan is planning to regulate stablecoins
Fair point. Which is why any way you look at it, fiat needs to go. In the meantime, keeping your money in coins like UST (which is pegged to the US dollar) and depositing it into Anchor Protocol gives you 20% APY and beats the rate of inflation, unlike putting it in a bank or holding onto gold.