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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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– Europeade 9 points 4 years ago +9 / -0

If you've followed the scene for a long time, then you would know that bitcoin has been under many types of attacks. Many underhanded ones, many infiltrating ones (core team infiltration e.g. mike hearn etc), attacks from state actors. Undeniable. They succeeded with some and failed with other (block size failed, segwit shit, segwit2). And that's just the protocol layer. Then on and off ramps have been regulated into hell and back. Regulators acting like each agency can regulate it their own way. It was painted - and still is by IMF crew etc. as only criminals and drug users use it online.

When they're out of fiat USD printing power - they are OUT OF POWER. This is the big one.

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▲ 6 ▼
– BigFreedomBoner 6 points 4 years ago +6 / -0

When they're out of fiat USD printing power - they are OUT OF POWER. This is the big one.

Your emphasis on printing power is apt. They could convert all their USD to cryptos now. They would be the richest crypto holders. Maybe they are already. In fact, I have no doubt many of the world's most evil people have huge stakes in crypto.

But it doesn't matter. They can only spend their crypto. They're no longer able to directly and indirectly cheat the system. They can spend their money. That's it. They become a mere market participant and must make sound economic decisions or like anyone else - they will lose it all. They can't create tails I win heads I win becuase ain't gonna be a lot of takers for their script.

They will all fall apart under the slightest breeze. They've been protected and coddled by their own massive bloated structures of dishonestly - all built on the fed lie.

If you have something to offer this world, you should welcome the collapse of the fed's dollar. It's gonna be great!!!!

Others may be a bit saltier about it.

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▲ 1 ▼
– deleted 1 point 4 years ago +1 / -0

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