Bitcoin was created because of the real world market crash that was going on. Satoshi Nakamoto broadcast that day's headline on The Times newspaper, within the genesis block.
You can’t run a global economy on gold/silver. How are you going to send gold across the country for long distance transactions? You would need middle-men ….and we are back full circle to banking.
Bitcoin (and Bitcoin only) is much better than gold/silver.
A combination of both would be best, Bitcoin for international trading, online purchases and so on. Gold/Silver for local physical purchases. The end goal should be the same, no middle men, no fractions of a reserve where some fat long nosed guy steals the value of the asset through complex schemes.
It's a shame most gold knuckleheads don't understand that there's never gonna be a switch from today's fiat currencies back to gold just like that. The banks suppressed that once, they can keep suppressing it. Those who believe instead of contribute will end up slaves in the new carbon credit system.
If gold lovers would adopt Bitcoin, we could build a pure Bitcoin economy. Bitcoin has the same properties as precious metals but in digital form. This means, there's no legit excuse for the banking system at all, this means all middlemen can be eliminated.
And once that's done, there's already infrastructure build and widely available to quickly and safely add support for a bunch of other coins, and precious metals, to this system. Gold backed crypto would allow big box stores who choose to go digital to accept and keep track of their gold payments.
This is the only way we could get a economy with at least partial support for precious metals. And keep the corrupt banks away.
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.
By your incorrect interpretation, the electricity of Bitcoin is backing.
It is taking energy to store it. It does not have that value intrinsic to itself. Do you understand what it means to have an asset?
Btc has no value. None. There is a group of people that believe it has some value. The moment their belief is gone, it loses its value. The PTB control belief. That is how we got here. Do you honestly believe, that with all the money in the world, and millennia of practice at controlling belief that they couldn't crush belief in a worthless non-asset in a heartbeat if they wanted to?
Whoever dominates the meatspace owns the gold ultimately. Gold creates central banking.
I will sort of agree with this, but there is so much more to be said about it, and it makes a lot of false assumptions when stated as an absolute.
Having a single currency mandate (for taxes e.g.) is what controls the market in this negative manner and allowed banks to take hold. "Central" banking is meaningless. It is just the "all powerful" extension of Banking. It is Banking that is the problem (fractional reserve lending, a loan based economy, etc.). It is government that causes the market to fail by this "decree" aspect of money (the first part of your "fiat"). It is that which allows the hording of that currency, which is what causes all the problems. That means that only barter can work, and only real assets are meaningful in barter. I'm not trading my land for your unicorn farts.
So what's the solution? Lets say we put all stocks on their own crypto. How easy would it be to make trades? There would be no need for a short sale, nor a broker. Every single aspect of fuckery in the market would disappear instantly. You could even barter with them, thus stocks, tied to their own crypto, become a real currency, not mandated by the government, backed by a real asset (the company you are invested in itself).
You can also have a standard intermediary for barter (like silver, or gold, or whatever). It doesn't need to be the de facto currency, it just needs to be the standard against which all other things are measured. It just helps set the price, stabilizing the market. It needs to be a real asset though, because anything that is backed by faith will eventually fail. It has to be something with real tangible desire, extrinsic to its value as an intermediary of exchange for barter.
You should probably understand words before you use them, I made an observation and prescription.
I ask that you stop with this shit. It serves no purpose. I am well versed in this stuff. Me not believing what you believe doesn't mean I am ignorant of it.
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.
It's the full faith and credit of the United States
What this means is the future labor of the citizens of the U.S.. Labor in the future does not exist. It is a nothing. It has no meaning.
It supposes that in the future our economy will be stable, and that we will work, and be productive, and that there will be no vaccine mandates to force people to not work, and no PTB trying to force the economy to fail so they can bring in their Great Reset, etc.
The "full faith and credit" can also be stated as "a wish and a prayer."
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.
You can believe what you will.. and in the end, the market will decide. I do not believe cryptos like Eth would ever have gained so much ground on Bitcoin if it weren't for Bitcoin's completely artificial 1mb block limit imposed by the people that were able to take it over (and also remove the original Bitcoin developers). As crypto gains more and more of a foothold, and naturally takes more of the financial markets over time, the cryptos with the most utility will win out in the end. I believe Bitcoin Cash, with its emphasis on fast, low-cost, on-chain transactions will end up just being easier - and it will go up in value based no ease of use. In fact, I believe it's currently being artificially held down in value do to exchange manipulation - and people removing their BCH from exchanges will inevitably drive it way up in price.
But, I do hedge my bets.. and I own a lot of different cryptos.. even Doge.. because money itself has become a joke.
13 is the happy evil number for the Cabal. I'm thinking comms for all those poor schleps that still think that faith backed crypto is the answer to anything.
Exactly! This is a point most people miss. Bitcoin is a trust free transaction because you know it's going to work. There is no middleman to steal, charge, or make a mistake. You and the other party can make a mistake, but no one else can be blamed.
"Chancellor on brink of second bailout for banks"
I noticed that as well - I wonder what that is all about.
Bitcoin was created because of the real world market crash that was going on. Satoshi Nakamoto broadcast that day's headline on The Times newspaper, within the genesis block.
Thats the headline encoded into the first Bitcoin block by it's creator, following the 2008 crisis 13 years ago today.
For Banksy? - artist's work to be cut into 10000 NFT's:
https://hypebeast.com/2021/12/banksy-love-is-in-the-air-10k-nfts-info
Banksy famously is anonymous so could be anyone but is famous for doing activist stuff.
Banksy - NFT (Crypto) - Funding (bailout?) - 13 (cancelled?)
You can’t run a global economy on gold/silver. How are you going to send gold across the country for long distance transactions? You would need middle-men ….and we are back full circle to banking.
Bitcoin (and Bitcoin only) is much better than gold/silver.
A combination of both would be best, Bitcoin for international trading, online purchases and so on. Gold/Silver for local physical purchases. The end goal should be the same, no middle men, no fractions of a reserve where some fat long nosed guy steals the value of the asset through complex schemes.
It's a shame most gold knuckleheads don't understand that there's never gonna be a switch from today's fiat currencies back to gold just like that. The banks suppressed that once, they can keep suppressing it. Those who believe instead of contribute will end up slaves in the new carbon credit system.
If gold lovers would adopt Bitcoin, we could build a pure Bitcoin economy. Bitcoin has the same properties as precious metals but in digital form. This means, there's no legit excuse for the banking system at all, this means all middlemen can be eliminated.
And once that's done, there's already infrastructure build and widely available to quickly and safely add support for a bunch of other coins, and precious metals, to this system. Gold backed crypto would allow big box stores who choose to go digital to accept and keep track of their gold payments.
This is the only way we could get a economy with at least partial support for precious metals. And keep the corrupt banks away.
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.
"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.
It is taking energy to store it. It does not have that value intrinsic to itself. Do you understand what it means to have an asset?
Btc has no value. None. There is a group of people that believe it has some value. The moment their belief is gone, it loses its value. The PTB control belief. That is how we got here. Do you honestly believe, that with all the money in the world, and millennia of practice at controlling belief that they couldn't crush belief in a worthless non-asset in a heartbeat if they wanted to?
I will sort of agree with this, but there is so much more to be said about it, and it makes a lot of false assumptions when stated as an absolute.
Having a single currency mandate (for taxes e.g.) is what controls the market in this negative manner and allowed banks to take hold. "Central" banking is meaningless. It is just the "all powerful" extension of Banking. It is Banking that is the problem (fractional reserve lending, a loan based economy, etc.). It is government that causes the market to fail by this "decree" aspect of money (the first part of your "fiat"). It is that which allows the hording of that currency, which is what causes all the problems. That means that only barter can work, and only real assets are meaningful in barter. I'm not trading my land for your unicorn farts.
So what's the solution? Lets say we put all stocks on their own crypto. How easy would it be to make trades? There would be no need for a short sale, nor a broker. Every single aspect of fuckery in the market would disappear instantly. You could even barter with them, thus stocks, tied to their own crypto, become a real currency, not mandated by the government, backed by a real asset (the company you are invested in itself).
You can also have a standard intermediary for barter (like silver, or gold, or whatever). It doesn't need to be the de facto currency, it just needs to be the standard against which all other things are measured. It just helps set the price, stabilizing the market. It needs to be a real asset though, because anything that is backed by faith will eventually fail. It has to be something with real tangible desire, extrinsic to its value as an intermediary of exchange for barter.
I ask that you stop with this shit. It serves no purpose. I am well versed in this stuff. Me not believing what you believe doesn't mean I am ignorant of it.
You transfer your wealth into Bitcoin at the exchange rate you deserve, suit yourself.
Unable to address the specifics of my argument? I suggest you might want to "hit the books."
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.
What this means is the future labor of the citizens of the U.S.. Labor in the future does not exist. It is a nothing. It has no meaning.
It supposes that in the future our economy will be stable, and that we will work, and be productive, and that there will be no vaccine mandates to force people to not work, and no PTB trying to force the economy to fail so they can bring in their Great Reset, etc.
The "full faith and credit" can also be stated as "a wish and a prayer."
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.
You can believe what you will.. and in the end, the market will decide. I do not believe cryptos like Eth would ever have gained so much ground on Bitcoin if it weren't for Bitcoin's completely artificial 1mb block limit imposed by the people that were able to take it over (and also remove the original Bitcoin developers). As crypto gains more and more of a foothold, and naturally takes more of the financial markets over time, the cryptos with the most utility will win out in the end. I believe Bitcoin Cash, with its emphasis on fast, low-cost, on-chain transactions will end up just being easier - and it will go up in value based no ease of use. In fact, I believe it's currently being artificially held down in value do to exchange manipulation - and people removing their BCH from exchanges will inevitably drive it way up in price.
But, I do hedge my bets.. and I own a lot of different cryptos.. even Doge.. because money itself has become a joke.
This guy knows his crypto!
Blockstream is the deep state of the bitcoin universe.
Just check out the adam back epstein connection. They blocked the stream of bitcoin by limiting the first layer to 1MB blocks.
Bitcoin cash is a continuing of what satoshi made. Read the whitepaper.
Happy 13th anniversary. Comms?
13 is the happy evil number for the Cabal. I'm thinking comms for all those poor schleps that still think that faith backed crypto is the answer to anything.
Wouldn’t it be awesome if Melanie listed her nft on GameStop?
You don't need to trust it, it's independently verifiable open source software and applied cryptography.
Exactly! This is a point most people miss. Bitcoin is a trust free transaction because you know it's going to work. There is no middleman to steal, charge, or make a mistake. You and the other party can make a mistake, but no one else can be blamed.
the space force is deep in bitcoin
https://www.youtube.com/watch?v=Amcj-IKmGKA
Didn’t they say she’s holding off on releasing her NFT last week?
she already released an NFT.. I bought it.. because what the hell
Yea why not. All in ~
NFTs? Bank Bailouts? Did someone say Satanic Reverses?
"Bail out the banks, loan art to the churches. Satanic Reverses"
Repeat.
History,
Repeats.
BTW, is that hexdump possibly a subtle hint that the IP packets were all captured and stored, even back then? Perhaps someone really has got it all?
Funny, thought some on here kept claiming that Trump was against Bitcoin stuff a few months ago now, and here is Melenia is active with it.
Its because people Trumps age dont understand it so they assume it must be a scam...if and until they learn more about it.