Crypto has value if it takes resources to mine and it has some degree of finiteness to it depending on which one it is and how many people adopt. Computers and electricity aren't free.
An object's value is not determined by the effort that went into it. That's literally a Marxist view of value. An object's value is determined by the perceived utility to the buyer.
So how do make things private? By not using computers? You think they don’t have sats and drones that can see through roofs and walls? I mean unless you’re doing all your physical silver transactions in a lead walled bunker chances are that if they wanna see what you’re doing they can. And even if you did use said bunker you would be red flagged instantly. Digital communication is as secure as you make it. Obviously if you’re using Apple or Microsoft products for security sensitive applications then you truly don’t have any real privacy. There are a lot of other options now a days that are very privacy centric.
Are you ready to move back to a pre 1800 society right now? If not you need an alternative digital currency beside whatever you choose as physical currency.
What about electricity? You gonna drive into city every month, find a parking space, walk to the (((bank))), then get fucked over, pay 50% in fees only to pay your electric bill? Why not stay at home, make a digital payment with crypto, without middlemen involved?
Cuz government don't need to know where my money comes from or where it goes.
At this point in history,crypto make absolutely 0 sense.what are you gonna do when the lights or internet go out fir an extended amount of time???? Gonna hope a cashier believes you have the money 8n the 6 month old screenshot you're showing them?🤣🤣🤣🤣
The largest silver hoards are JPMorgan's silver depository for COMEX (50% of world's supply of silver bullion) and ETF iShares SLV stockpile (BlackRock). Central banks hoard 1/5 of the mined silver each year. I agree that fiat should not be used, but if the silver market is cornered and controlled to the degree that it is currently, how is that going to be a fair solution?
Decentralized cryptocurrency is a solution to this since there can be a finite supply, unlike precious metals whose mining market can be cornered. It eliminates the need for a bank. Transactions can be made instantly to anyone who has an internet connection. The blockchain can not be hacked and so your money is totally safe, apart from user error, if you take it off an exchange and keep it in cold storage.
At this point in history, the lights and internet don't go out for an extended amount of time often and crypto is always going to survive as long as the internet exists somewhere on planet earth. Now, if you're truly afraid of a global SHTF scenario, what the hell is any currency, gold, silver, cash, or crypto going to do for you?
Because all the things you just said is built on centralization, i.e taking the control away from you. And that's the real issue, not the fact that something is digital or physical.
Cash is just as bad, it takes control away from you in contrast to precious metals.
Where do you currently pay with silver and gold? I haven't found a single pace that takes it yet. See the problem here, as long as there's no support for silver and gold in the infrastructure, no place will accept it, not even after a power outage. It all goes black and you'll find yourself having to live on what you have while fending of a herd of unprepared zombies.
I'm well aware that crypto will be unuseable in a SHTF situation, are you aware that your gold and silver will too? In fact we already had outages during last years cyber attacks here in cashless hell. Cash and gold didn't help. The stores closed down completely for days.
"Days"? That's not nearly long enough for society to return to the real money of gold and silver. You already have 90% of store clerks not being able to accept a genuine $2 bill.
Gold and silver are a store of value. They don't disappear when the electricity goes out.
And get robbed by road pirates who knows you have silver coins on you.
Oh no. The horror. Actually buying local, when you have a physical medium of exchange.
"Actually get shit done"... you know it'll take you a day or two to walk to the next village... without power you can't pump gas into your car. What's wrong with you people, you think only certain electronic things will be affected by a power outage? no everything goes down. Straight back to the 1800 century.
Bitcoin's ledger is public. You're not exposed unless your name is tied to a transaction.
If I buy coins with a Credit Card on an exchange there's a record. If I buy and sell using cash on a street corner there's no record unless you're dealing with a rat that turns you in.
Do not buy a wallet from best buy or amazon or ant 3rd party get it from Ledger
it need to be CLEAN with as little hands touching it as possible. No incedences these guys said, from 6 7 8 fig Crypto investors I know. but do your homework. https://shop.ledger.com/products/ledger-nano-s
Fuck crypto. We need privacy to go along with our sound money.
^^^Exactly.
TL;DR, entire thread -
Precious metals are archaic relics, you need crypto!
Crypto is a Ponzi scheme, you need precious metals!
You need both precious metals & crypto!
Every... Damn... Time...
Crypto has value if it takes resources to mine and it has some degree of finiteness to it depending on which one it is and how many people adopt. Computers and electricity aren't free.
That's great but not my point.
Every PM or crypto thread anywhere devolves into the exact same 3 positions, nothing new comes out of it.
There are silver/gold backed crypto's if that's what you mean. I don't read about those.
An object's value is not determined by the effort that went into it. That's literally a Marxist view of value. An object's value is determined by the perceived utility to the buyer.
I could have worded that better.
Use cash as much as possible , a bit of silver is a good backup !
So how do make things private? By not using computers? You think they don’t have sats and drones that can see through roofs and walls? I mean unless you’re doing all your physical silver transactions in a lead walled bunker chances are that if they wanna see what you’re doing they can. And even if you did use said bunker you would be red flagged instantly. Digital communication is as secure as you make it. Obviously if you’re using Apple or Microsoft products for security sensitive applications then you truly don’t have any real privacy. There are a lot of other options now a days that are very privacy centric.
You don’t understand crypto if you don’t understand how it can be private.
Read “The Bitcoin Standard” and learn about money. SMH
Good lord. Did Peter Schiff hire a bunch of shills to come to this board or something? LOL!
I understand that it comes out of thin air and is backed by nothing but hopes and dreams that people think its worth something.
Showing your ignorance.
Are you ready to move back to a pre 1800 society right now? If not you need an alternative digital currency beside whatever you choose as physical currency.
What about electricity? You gonna drive into city every month, find a parking space, walk to the (((bank))), then get fucked over, pay 50% in fees only to pay your electric bill? Why not stay at home, make a digital payment with crypto, without middlemen involved?
Cuz government don't need to know where my money comes from or where it goes.
At this point in history,crypto make absolutely 0 sense.what are you gonna do when the lights or internet go out fir an extended amount of time???? Gonna hope a cashier believes you have the money 8n the 6 month old screenshot you're showing them?🤣🤣🤣🤣
I'll stick with my silver and gold.
The largest silver hoards are JPMorgan's silver depository for COMEX (50% of world's supply of silver bullion) and ETF iShares SLV stockpile (BlackRock). Central banks hoard 1/5 of the mined silver each year. I agree that fiat should not be used, but if the silver market is cornered and controlled to the degree that it is currently, how is that going to be a fair solution?
Decentralized cryptocurrency is a solution to this since there can be a finite supply, unlike precious metals whose mining market can be cornered. It eliminates the need for a bank. Transactions can be made instantly to anyone who has an internet connection. The blockchain can not be hacked and so your money is totally safe, apart from user error, if you take it off an exchange and keep it in cold storage.
At this point in history, the lights and internet don't go out for an extended amount of time often and crypto is always going to survive as long as the internet exists somewhere on planet earth. Now, if you're truly afraid of a global SHTF scenario, what the hell is any currency, gold, silver, cash, or crypto going to do for you?
I highly recommend this video. Lots of great info on the basics of decentralized cryptocurrency: https://www.bitchute.com/video/jUQ8XJzsmLf7/
Sorry but i want cold hard cash in my hand.not some make believe numbers in fairy tale land.
I want complete privacy.
^^^Exactly.
Why is this such a hard to understand concept?
"Why do I need cash when I can use my phone?"
"Why do I need a car when there's Uber?"
"Why is my venmo/cashapp getting taxed over $600?"
https://i0.kym-cdn.com/photos/images/original/001/330/809/d90.png
Because all the things you just said is built on centralization, i.e taking the control away from you. And that's the real issue, not the fact that something is digital or physical.
Cash is just as bad, it takes control away from you in contrast to precious metals.
Dependency is the real threat.
Where do you currently pay with silver and gold? I haven't found a single pace that takes it yet. See the problem here, as long as there's no support for silver and gold in the infrastructure, no place will accept it, not even after a power outage. It all goes black and you'll find yourself having to live on what you have while fending of a herd of unprepared zombies.
I'm well aware that crypto will be unuseable in a SHTF situation, are you aware that your gold and silver will too? In fact we already had outages during last years cyber attacks here in cashless hell. Cash and gold didn't help. The stores closed down completely for days.
"Days"? That's not nearly long enough for society to return to the real money of gold and silver. You already have 90% of store clerks not being able to accept a genuine $2 bill.
Gold and silver are a store of value. They don't disappear when the electricity goes out.
Aint no place accepting crypto either.whats your point?
And get robbed by road pirates who knows you have silver coins on you.
Oh no. The horror. Actually buying local, when you have a physical medium of exchange.
"Actually get shit done"... you know it'll take you a day or two to walk to the next village... without power you can't pump gas into your car. What's wrong with you people, you think only certain electronic things will be affected by a power outage? no everything goes down. Straight back to the 1800 century.
If you want privacy blockchain crypto is the way.
cold storage wallet
It really depends on how people will be educated about crypto. Crypto can be controlled by government, and can be controlled by people.
Please look up cold storage wallet.
"Anyone with access to your machine"
Basically retards that can't use linux, encrypt, or verify signatures.
Privacy coins like Monero can't be tracked. You literally have to be transacting with a government rat to have that transaction exposed.
How do you know you're not?
Crypto was already supposed to be private yet here we are with wallet tracking Twitter accounts
Bitcoin's ledger is public. You're not exposed unless your name is tied to a transaction. If I buy coins with a Credit Card on an exchange there's a record. If I buy and sell using cash on a street corner there's no record unless you're dealing with a rat that turns you in.
Do not buy a wallet from best buy or amazon or ant 3rd party get it from Ledger it need to be CLEAN with as little hands touching it as possible. No incedences these guys said, from 6 7 8 fig Crypto investors I know. but do your homework. https://shop.ledger.com/products/ledger-nano-s