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127
The Truth About Cryptocurrencies: A Clearheaded Guide to the Crypto World (www.expensivity.com)
posted 4 years ago by ashlanddog 4 years ago by ashlanddog +127 / -0
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– MAGAdeburger 9 points 4 years ago +9 / -0

Retards talking about GoLD aNd SiLvEr being the cure have failed to study history. Gold and silver were just as manipulated for centuries... governments issuing coins, only to reclaim them and shave flakes off so they can produce more coins, while telling the people it's still worth the same. The metals held value because of their rarity, until they were found in new places. The supply in theory, and as evidenced by history, has continued to increase. Bitcoin's algorithm has planned out a more reliable calculation to achieve a finite supply in which not more tokens will ever,be produced. And unlike gold and silver, let alone paper bills, it cannot be faked. Blockchain technology is the most secured, verifiable system ever created. Can people lose their keys? Sure. But they can equally lose their cash, cards, GoLd. Stupid people gonna stupid. Can crypto be hacked? Possibly. Such is the risk of digital currency, which, news flash boomers, you've been using for at least the past 20 years. But the movement of the funds can always be tracked. It can br recovered. The reality is that nearly everyone in the modern, developed world, is and has been using digital currency for decades. When's the last time you touched a physical paycheck, let alone cash, let alone fiat? The vast majority of people have their pay direct deposit. It's simply electronic communication changing digital accounting notes. How often do you pay for goods/services with cash? Debit card = electronic check = digital accounting notes. Credit card = electronic micro loans = digital accounting notes. Checks = digital accounting notes. "Cash" (bank notes) = digital accounting notes. The medium essentially matters not. What matters is trust. Without faith that the representation of value is truly good for that value, the system collapses. The reason why many people currently don't trust the "cash" system that we've been on is because the FED keeps printing it and the gold and silver that's supposed to back the value of those bills, may not actually be possessed by the banks... they are issuing notes based on nothing.

Bitcoin will become the new gold, digital gold, a trustworthy store of value, a standard by which other coins can be based. "Experts" have been dooming on Bitcoin and crypto in general for over a decade. They continue to be proven wrong. Decentralized currency, Blockchain technology, transparency... these revolutionary concepts and growing realities scare the shit out of the money changers who've controlled international banking and finance for centuries... Why? Because they're losing control...

See you on the moon frens.

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– deleted 1 point 4 years ago +1 / -0
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– anatidaephobia 1 point 4 years ago +1 / -0

In the first two sentences you proved the exact way to fix this problem.

Huh? you think only the government would do something as evil as cutting of scraps from gold coins in order to make new gold coins? Then I got a bridge to sell you.

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