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.
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."
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.
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.
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."
"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.