What exactly do you think Btc is? It is backed by faith. Even the Federal Reserve Note is backed by the future labor of the US citizens. Not that that is a real thing, but its more than Btc has backing it. Btc (and all other non-real asset backed cryptos) are worth exactly as much as people believe in them. As soon as belief is taken away, they crash to zero.
Physical gold is a kinetic liability and can't work in a digital economy.
Completely false. You can tie real assets, like gold, or silver, or stocks, etc. to cryptocurrency (or even NFTs). As long as you have the infrastructure for exchange from crypto to physical in place (banks, or current silver/gold vendors would do for now) you can easily transition to a real, asset backed cryptocurrency.
Enter digital gold, something the Rothschild's can never stop.
The crypto market is currently a pump and dump for the stock market. It is controlled opposition. They have all the money in the world. The moment they want to eliminate the crypto market (all the faith backed ones anyways) is the moment it will fail. To think they "can never stop" crypto completely misunderstands what money is (Federal Reserve Notes), what it can do (absolutely anything, especially in their end game moment when they don't care about the economy failing), and how much of it they really have (infinite).
Fiat has two components. One, it is government decreed, two, and MUCH more important, it is not backed by anything. The fact that it is government decreed is mostly meaningless (in this context). If gold or silver were government decreed, no one would give a fuck.
Physical shit still has custodial requirements
Huh? Who gives a fuck if you have to have infrastructure to store it? I certainly don't care that we would need infrastructure. Why would you?
fake Blockchain a don't fix that.
Fake? What is fake about tying a weight of some PM (or stock in some company, or whatever) to cryptocurrency? In a digital currency world, there is nothing more real than that.
You seem to be very uneducated on how any of this works, hit the books.
Ad hominem attacks never work. I know more than enough to have a debate with you about any relevant topic. Instead of assuming I'm wrong and must not know what I am talking about, address my points with your own arguments and evidence. Any other effort only makes your argument weaker.
The dollar actually is backed by something. It's the full faith and credit of the United States, enforced by the military. Meaning they will drop bombs on you if you try to get away from using it.
I disagree with your last sentence.. Every other crypto is the natural response to what happened to the original Bitcoin - it was taken over by a group of people hell bent on ruining crypto. The original Bitcoin forked into Bitcoin and Bitcoin Cash.. I believe Bitcoin Cash is much more aligned with the original vision for crypto - and the fact that it is valued less in dollars is irrelevant right now.
The problem is, back in 2008, most people used desktop or laptop computers. One of the key ideas of Bitcoin was to let every node have the full chain, this is only possible if everyone has enough disk space. Back in 2008 most people had magnetic hard drives doubling in size every 2 years by Moores law 500GB or 1TB where common.
This would have been enough for the idea of BCH, where block size increase, to keep the fees down and the number of transactions on chain high. Then it happened, most people switched to phones and SSD's arrived, suddenly everyone was okay with just 32GB of storage in a desktop computer, or 8GB - 16GB in a phone. Which means BTC with alternative scaling solutions became a necessity.
Today however, if it wasn't for Chinas fuckery with Taiwan and the chip shortage, SSD's are growing up to multiple TB in size for a reasonable price. Which would have made the original Bitcoin possible again from a scaling perspective.
Perhaps it wasn't all that bad tho, seeing how many alt coins have solved the scaling problem in a whole bunch of creative ways, sharding (Ethereum), dynamic block size (Monero), multiple connected chains (Nano and a few more), and so on.
It did. Original Bitcoin was corrupted with all sorts of questionable 'upgrades' and limitations and people decided to preserve the original plan and that became Bitcoin Cash.
It didn't fork, the questionable upgrades resulted in a separate forked coin though that got promoted by scammers working for those threatened by Bitcoin.
Fortunately they're irrelevant, barely kept alive by deep state shitcoin casinos.
My theory is basically Bitcoin = Gesara
Satoshi = NSA
Patriots knew the bankers killed the dollar, it can't be saved and fiat will always repeat it's fate.
Physical gold is a kinetic liability and can't work in a digital economy.
Enter digital gold, something the Rothschild's can never stop.
Every other crypto is a deep state funded scam to deter you from accumulating the hardest money ever devised, Bitcoin.
What exactly do you think Btc is? It is backed by faith. Even the Federal Reserve Note is backed by the future labor of the US citizens. Not that that is a real thing, but its more than Btc has backing it. Btc (and all other non-real asset backed cryptos) are worth exactly as much as people believe in them. As soon as belief is taken away, they crash to zero.
Completely false. You can tie real assets, like gold, or silver, or stocks, etc. to cryptocurrency (or even NFTs). As long as you have the infrastructure for exchange from crypto to physical in place (banks, or current silver/gold vendors would do for now) you can easily transition to a real, asset backed cryptocurrency.
The crypto market is currently a pump and dump for the stock market. It is controlled opposition. They have all the money in the world. The moment they want to eliminate the crypto market (all the faith backed ones anyways) is the moment it will fail. To think they "can never stop" crypto completely misunderstands what money is (Federal Reserve Notes), what it can do (absolutely anything, especially in their end game moment when they don't care about the economy failing), and how much of it they really have (infinite).
Fiat is by decree, Bitcoin is market driven
Physical shit still has custodial requirements, a fake Blockchain don't fix that.
You seem to be very uneducated on how any of this works, hit the books.
Fiat has two components. One, it is government decreed, two, and MUCH more important, it is not backed by anything. The fact that it is government decreed is mostly meaningless (in this context). If gold or silver were government decreed, no one would give a fuck.
Huh? Who gives a fuck if you have to have infrastructure to store it? I certainly don't care that we would need infrastructure. Why would you?
Fake? What is fake about tying a weight of some PM (or stock in some company, or whatever) to cryptocurrency? In a digital currency world, there is nothing more real than that.
Ad hominem attacks never work. I know more than enough to have a debate with you about any relevant topic. Instead of assuming I'm wrong and must not know what I am talking about, address my points with your own arguments and evidence. Any other effort only makes your argument weaker.
The dollar actually is backed by something. It's the full faith and credit of the United States, enforced by the military. Meaning they will drop bombs on you if you try to get away from using it.
"Not backed by anything" isn't substantive. By your incorrect interpretation, the electricity of Bitcoin is backing.
Whoever dominates the meatspace owns the gold ultimately. Gold creates central banking.
Do you understand the difference between a signature chain and Bitcoin?
You should probably understand words before you use them, I made an observation and prescription.
I disagree with your last sentence.. Every other crypto is the natural response to what happened to the original Bitcoin - it was taken over by a group of people hell bent on ruining crypto. The original Bitcoin forked into Bitcoin and Bitcoin Cash.. I believe Bitcoin Cash is much more aligned with the original vision for crypto - and the fact that it is valued less in dollars is irrelevant right now.
Bitcoin cash is a failure do not invest.
Every other crypto gives up security for performance. Bitcoin shifts performance to Layer 2 while its keeps the base blockchain as secure as possible.
The problem is, back in 2008, most people used desktop or laptop computers. One of the key ideas of Bitcoin was to let every node have the full chain, this is only possible if everyone has enough disk space. Back in 2008 most people had magnetic hard drives doubling in size every 2 years by Moores law 500GB or 1TB where common.
This would have been enough for the idea of BCH, where block size increase, to keep the fees down and the number of transactions on chain high. Then it happened, most people switched to phones and SSD's arrived, suddenly everyone was okay with just 32GB of storage in a desktop computer, or 8GB - 16GB in a phone. Which means BTC with alternative scaling solutions became a necessity.
Today however, if it wasn't for Chinas fuckery with Taiwan and the chip shortage, SSD's are growing up to multiple TB in size for a reasonable price. Which would have made the original Bitcoin possible again from a scaling perspective.
Perhaps it wasn't all that bad tho, seeing how many alt coins have solved the scaling problem in a whole bunch of creative ways, sharding (Ethereum), dynamic block size (Monero), multiple connected chains (Nano and a few more), and so on.
"the original forked"
🤣
It did. Original Bitcoin was corrupted with all sorts of questionable 'upgrades' and limitations and people decided to preserve the original plan and that became Bitcoin Cash.
It didn't fork, the questionable upgrades resulted in a separate forked coin though that got promoted by scammers working for those threatened by Bitcoin.
Fortunately they're irrelevant, barely kept alive by deep state shitcoin casinos.