The Truth About Cryptocurrencies: A Clearheaded Guide to the Crypto World
(www.expensivity.com)
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Thank you for your responses.
Follow up questions+answers to yours...
Is crypto just exchanging the central-bank-lordship for the technocracy-lordship (which imho is FAR more dangerous, though both are dangerous)?
I think 5G+ is required by the technocracy-lordship because they recognize the amount of traffic they intend to impose on their infrastructure, and the functions they intend to incorporate.
The mystery of blockchain is troublesome to me. How can trustworthiness be built into a currency dependent upon a mysterious unowned, un-maintained component? What if the chain becomes too long to drag along with the multitude of transactions anticipated? How does one authenticate the blockchain?
I am looking for more transparency in our future currencies than we have in the Central Banking debt deception system. "They" pulled the wool over the eyes of the world. I am reluctant to go down a parallel path of ignorance with crypto. The smart are gonna have to reveal the secrets for trustworthiness.
How do computers/machines validate anything?
The internet is just a pathway for bits and bytes. When will it be replaced by neural networks? Then what with cryptocurrencies?
You can buy a house with cryptocurrency. I cannot. I wonder about deeds and titles and taxes and such legalities.
So, why aren't goods and services priced in crypto? Seems like no one can tell you the value of a crypto. Seems deceitful to me. Seems too much like "trust me, I'm giving you a fair crypto price.". I have difficulty with that.
I dispute that everyone is benefiting from crypto. I am not. Instead, I'm finding more potential for harm with every deep dive I do into how it can be abusive to the poor and ignorant. So, it looks more and more to me just like a parallel road of the Central Bank system, but with different controllers. I call those controllers the "technocracy-lordship" .
You attempt to call me lazy, and I am not. I research and read and have a background that you are unaware of. Still, my honest questions remain unsatisfactorily answered. When my questions are answered honestly, perhaps I can understand the true benefits.
No, if we use decentralized coins there is no way for any entity to control it. That's why China stole the technology, made their own centralized government-controlled coins, and banned all other coins from their country. There are ways around the ban if you use a VPN. Because decentralized crypto is uncontrollable by any one entity, the only thing China can do about it is ban it.
5G technology is not required to use cryptocurrency. Visa handles 1,700 transactions per second and 150 million per day and they never needed 5G to function. Would the technocrats love to force everyone to live in some Judge Dredd city-block and force us to use 5G? Sure, but that's irrelevant to cryptocurrency. The range of each 5G tower is only 500meters so it is not feasible unless you live in the city.
From Investopedia
The blockchain getting longer, makes it more secure and harder to hack.
This solves the issue of transparency.
This is beyond my knowledge. I'm sure there are resources out there that get into the exact mathematical process.
When will the internet be replaced by neural networks? I have no idea haha, does anyone? Maybe Elon. Whenever quantum computing becomes feasible, then crypto would become irrelevant and something better and more secure will come along to replace it, as is the way of technology.
It is legal to buy property with BTC in the USA. Don't know about elsewhere. You save a lot on fees since you don't have to go through the bank. Deeds and titles function the same way.
No one can tell you the price of crypto because it is always changing (unless it's meant to stay the same like Tether) and prices are different for each coin. Like with anything, supply and demand dictates price.
I'm not sure how a decentralized crypto can be bad for any individual, including the poor. If you put your money in crypto, then the banks and the government don't have access to it. The banks make money by keeping your funds and they give you, the account holder, a paltry half percent that doesn't even attempt to keep up with inflation. The banks can decide to stop doing business with you at any time like they have in the past with conservatives, including Mike Lindell. The fees and sluggishness for a wire transfer is also another advantage crypto has over banks.
Never said you were lazy. You show genuine curiosity and ask fair questions. I'm talking about those who put out blatantly false statements and get upvoted by the hoard of ignoramuses, which perpetuates the stigma and misinformation regarding cryptocurrencies.
Fair point. I suppose a way to circumvent this is to use the dark web, but I would be hesitant to do so because of my own ignorance in the matter. If a country outlaws decentralized crypto and only allows certain government-compliant VPN companies, then you may be in a communist state and should relocate immediately if you can. Luckily this is not yet the case here and hopefully never will be which is why it's so important to educate people on the benefits and uses of decentralized cryptocurrency.
I was giving you an example of how VISA is able to handle more transactions than BTC and does so without 5G. You're concern was with traffic.
Nodes are deemed trustworthy by the peer-to-peer network (the validating computers).
Wikipedia:
So if a majority of the network has been taken over, then there can be problems. They estimate 1 million unique individuals mining BTC, so who can possibly take over that many computers at once? I mean I suppose anything is possible, it's just highly unlikely unless we're dealing with quantum computing. That kind of tech is still far off and when they do start using it and if we have not adopted any measures to protect ourselves from it, the entire system would go down, not just cryptocurrencies.
Nothing wrong with being skeptical. It's the centralized crypto that you should watch out for and are being pushed by the NWO. They are not as secure and can be edited/controlled by the centralized authority.