The part of crypto people fail to confront is the real possibility of a backdoor or master key that can over ride accounts. Think Apple and the iphones they refused to unlock with the San Bernardino shooters, they could have done it, but they wouldn't, -- key phrase they could have. If anyone has done any kind of linux or system engineering, there is ALWAYS a way to circumvent security, we have all done it for ourselves when testing things to ensure we do not get locked out or leave an easy way to get in to something later on. Just because one wants to believe it is secure, doesn't make it secure in reality.
The banks are all tied together via the same system, trading is tied together trough the same networks. The IRS could empty your bank account before you finish blinking. Of course, the cabal is behind crypto, it is simply another scheme to let people feel secure about something prior to the hammer coming down. An additional thought is quantum computing, why wouldn't the cabal have access to that kind of technology, especially when they are financing it? To borrow a line from Contact, "why build one when you can have two at twice the price?" Quantum computation could walk through the crypto like it wasn't even there, especially if you had something similar to a Beowulf cluster.
The other part of this crypto fans again ignore is that crypto is being pushed by NWO cabal puppets, does anyone really believe the people that want to rule over you, enslave you further, remove 95% of the world's population want you in any way to have easy access and a method to secure money? These people look at money as something they are letting you use, but in reality they know it belongs to them. Don't forget these are the same bastards who started fractional lending while being goldsmiths.
Have you looked at Civil Forfeiture laws?
Would you rather travel with a million dollars worth of silver, fiat currency, or crypto?
At least I can scatter and disguise a key and password well enough that the feds can't seize my crypto wallet.
Until they seize your device and now it is like a pirates buried gold. Nobody has the wealth and they torture you until you tell them how to get it or you die.
Did you know blockchain wallets can exist on a post-it note with 24 random words that you can also generate yourself on paper? Those words become the key to your wallet.
Yes, you need internet and electricity to work on the blockchain. OK? You need a refinery to make silver. Everything requires some form of energy or device in order to be created. How commonplace that form of energy or device becomes will dictate how successful you are at creating it.
I'd. I like gold. I like silver. But I've made far more holding crypto than everything else combined. I mined my first bitcoin in 2008 using dual ATI x1600 pro GPUs. I've watched it from the beginning. I've consumed all the hate and all the love for it. The only thing that ever mattered to me was results. And by god did I get results.
What if your “device” is just random words in a notebook that only you have the cipher for? You also you have 10 backup copies in various locations so even if they stole you notebook for some random reason they still have nothing.
Why not invest a little in both? Although I'd personally recommend a little heavier in silver than crypto.
Silver consistently holds its value over time. Crypto is very volatile, but depending on which coins you pick, it's highly possible to hit a 10x if not more. Plus if you look at the main coins since inception, they do tend to increase a lot on average.
Q4. Will I recognize a gain or loss when I sell my virtual currency for real currency?
A4. Yes. When you sell virtual currency, you must recognize any capital gain or loss on the sale, subject to any limitations on the deductibility of capital losses. For more information on capital assets, capital gains, and capital losses, see Publication 544, Sales and Other Dispositions of Assets.
Exactly. I mine and invest in and out of crypto but I stack and hold silver. Look at the price of silver right now. It may never be like this again. It's almost not even profitable for miners at this price point. They are doing everything in their power to keep the price down.
Silver is currency only if other people deem it so. If the power goes out for a week, not sure how many people or establishments near me would accept silver coins as payment. Silver bars are out of the question, you can't easily break it down into smaller denominations.
Silver & gold are more of a store of value rather than a currency.
I guarantee you that if all the power went out worldwide, which is what it would take to eliminate crypto, silver also wouldn't be worth shit at that point.
Silver is still currency when the power goes out.
That's right. Crypto is a solution in search of a problem.
.........and it’s gone.
The part of crypto people fail to confront is the real possibility of a backdoor or master key that can over ride accounts. Think Apple and the iphones they refused to unlock with the San Bernardino shooters, they could have done it, but they wouldn't, -- key phrase they could have. If anyone has done any kind of linux or system engineering, there is ALWAYS a way to circumvent security, we have all done it for ourselves when testing things to ensure we do not get locked out or leave an easy way to get in to something later on. Just because one wants to believe it is secure, doesn't make it secure in reality.
The banks are all tied together via the same system, trading is tied together trough the same networks. The IRS could empty your bank account before you finish blinking. Of course, the cabal is behind crypto, it is simply another scheme to let people feel secure about something prior to the hammer coming down. An additional thought is quantum computing, why wouldn't the cabal have access to that kind of technology, especially when they are financing it? To borrow a line from Contact, "why build one when you can have two at twice the price?" Quantum computation could walk through the crypto like it wasn't even there, especially if you had something similar to a Beowulf cluster.
The other part of this crypto fans again ignore is that crypto is being pushed by NWO cabal puppets, does anyone really believe the people that want to rule over you, enslave you further, remove 95% of the world's population want you in any way to have easy access and a method to secure money? These people look at money as something they are letting you use, but in reality they know it belongs to them. Don't forget these are the same bastards who started fractional lending while being goldsmiths.
Have you looked at Civil Forfeiture laws? Would you rather travel with a million dollars worth of silver, fiat currency, or crypto? At least I can scatter and disguise a key and password well enough that the feds can't seize my crypto wallet.
Until they seize your device and now it is like a pirates buried gold. Nobody has the wealth and they torture you until you tell them how to get it or you die.
Did you know blockchain wallets can exist on a post-it note with 24 random words that you can also generate yourself on paper? Those words become the key to your wallet.
Yes, you need internet and electricity to work on the blockchain. OK? You need a refinery to make silver. Everything requires some form of energy or device in order to be created. How commonplace that form of energy or device becomes will dictate how successful you are at creating it.
I'd. I like gold. I like silver. But I've made far more holding crypto than everything else combined. I mined my first bitcoin in 2008 using dual ATI x1600 pro GPUs. I've watched it from the beginning. I've consumed all the hate and all the love for it. The only thing that ever mattered to me was results. And by god did I get results.
I don't think you understand how crypto wallets work.
You have to enter your password to use it. If you close it or it times out, it's no good to anyone.
You can uninstall it and access your wallet at a later date as the wallets still exist without the client.
You can have multiple wallets.
If you believe you will be tortured you can create one with little or no money in it to surrender.
If they seize your device assume that device is compromised and go get a new one.
Or you could just go bury your physical money or currency in your back yard. I'm sure nothing bad will happen to you or it...
What if your “device” is just random words in a notebook that only you have the cipher for? You also you have 10 backup copies in various locations so even if they stole you notebook for some random reason they still have nothing.
Why not invest a little in both? Although I'd personally recommend a little heavier in silver than crypto.
Silver consistently holds its value over time. Crypto is very volatile, but depending on which coins you pick, it's highly possible to hit a 10x if not more. Plus if you look at the main coins since inception, they do tend to increase a lot on average.
That's why crypto is an investment and not a real currency.
When you convert your crypto, you have to pay capital gain on your return.
Who do you have to pay? Are we paying for our prisons?
In the US you pay the IRS.
Q4. Will I recognize a gain or loss when I sell my virtual currency for real currency?
A4. Yes. When you sell virtual currency, you must recognize any capital gain or loss on the sale, subject to any limitations on the deductibility of capital losses. For more information on capital assets, capital gains, and capital losses, see Publication 544, Sales and Other Dispositions of Assets.
https://www.irs.gov/individuals/international-taxpayers/frequently-asked-questions-on-virtual-currency-transactions
And yes, prisons are funded from taxes.
I like GME the superstonk. Silver second place. Lots of land and properties close third place.
Exactly. I mine and invest in and out of crypto but I stack and hold silver. Look at the price of silver right now. It may never be like this again. It's almost not even profitable for miners at this price point. They are doing everything in their power to keep the price down.
So much this. EVERYTHING has gone up, dollar obvs losing ground but the metals are holding LOW if it isn't obvs by now...
Silver is currency only if other people deem it so. If the power goes out for a week, not sure how many people or establishments near me would accept silver coins as payment. Silver bars are out of the question, you can't easily break it down into smaller denominations.
Silver & gold are more of a store of value rather than a currency.
I guarantee you that if all the power went out worldwide, which is what it would take to eliminate crypto, silver also wouldn't be worth shit at that point.
Lol I’ve thought that at times. I diversified but heavily invested in brass.
I like LEAD.