Great Awakening needs to hear this… because THIS is CRUCIAL to the GREAT AWAKENING!
(media.greatawakening.win)
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How are you going to spend it when the internet goes down?
Don’t poke holes in their fantasy, it’s not polite.
Isn't poking holes in fantasy our job?
If the internet goes down permanently, everything will collapse. Including your fiat and your gold and silver and your stocks and the whole supply chain. It's true, cryptocurrency won't work in a primitive dark age society, but who cares at that point. It is the only way we can get away from central banks and government controlled currency. Shit on it all you want, it's the future if we have one.
What about when the internet goes down after a hurricane and you need to buy a generator from some Cajun guy? How's that gonna work? I didn't shit on it, and still haven't. I'm asking questions, and you're revealing yourself. edit: no disrespect to the Cajuns. My dealings with them were always fair and square.
Its always wise to keep a diversified portfolio of different assets.
Cash on hand for emergencies is a no brainer.
That does not preclude one from investing in crypto.
Magic beans, man. Save yourself. It's a play on greed. Get out.
Bad analogy.
Jack grew one hell of a bean stalk with those "fake beans."
Did he? (chuckles) go play...
Dude uses a fairy tale to support his position? Holy shit... I thought our side were the "smart ones"...
Um, citing a fictional story to support your real-life argument is kind of a losing proposition, don't ya think?
I was merely pointing out the flaw in a poorly chosen analogy.
bot swarm
Maybe you ought to study this subject since you are ignorant about it?
You seem to be personally attacking anyone who doesn’t agree with you. Are you sure that’s a smart tactic?
Saying someone is ignorant is factual, not an attack.
And yet you're the one refusing to refute his point...
So yes, calling someone ignorant instead of addressing the concern they raised is, indeed, an attack.
That’s like saying you have to prove Q to every ignorant person who demands proof yet has already decided not to give it a fair shake. We tell them to research it.
I’ve answered this question multiple times on GA, as have others. If he really wants the truth he will research it. If he does, he’s choosing to be ignorant.
Um, close but not quite.
Would you agree that, in order for someone to WANT to give something a fair shake, the initial interaction must be strong enough to overcome any preconceived notions that person holds?
Would you also agree that the strength of the initial interaction must be different for each person you present it to?
Doing a deep dive into any subject (including crypto) requires a basic desire to know more on the topic, because it takes a significant amount of time and effort to perform said deep dive.
So, the bottom line is that your arguments are woefully insufficient to overcome my preconceived notions about crypto.
So with that said, silver and gold have been money since the beginning of recorded history, before the internet, electricity, or even agriculture. No government or central infrastructure is required for me to maintain or spend my precious metals. No person, no government on the planet knows how much silver and gold I have, and it's impossible for anyone to ever find out without my consent. There's no node ID that can be identified as having a certain amount of wealth. When I make my transactions with silver and gold, no one except those involved in the transaction will ever know that a transaction even took place.
There are a ton of reasons I disagree with your assessment that crypto is the way, but the most basic is this: Crypto provides anonymity, but precious metals provide privacy.
Remember a few months ago when the Resident proposed giving the IRS full access to every bank account with a balance over $600? More than anything else, the cabal wants our INFORMATION. Who we are, what we like, what we buy, what we have, who we interact with, who we vote for....
Maybe to begin with, all "they" can see is a node ID that purchased a pound of weed on Silk Road. Then website xyz starts allowing you to use crypto to purchase their products. Now you give your node id to website xyz, along with your email address. "They" already know which human being is linked to that email address (thanks, Google), so now "they" have enough information to link you to that node ID. The fact that the feds found and arrested the silk road guy proves that crypto is not private. The fact that the feds have, on multiple occasions, confiscated crypto from still-anonymous wallets (they don't have to know who you are to confiscate your assets), proves crypto is not private. True privacy would mean the feds don't even know it exists, vs not knowing who owns it.
When I buy a pound of weed from my local dispensary with silver bullion, all "they" can see is that someone bought a pound of weed, and only if they get a court order to examine the dispensary's records.
For those of us for whom privacy is a paramount (rather than anonymity), crypto just doesn't fit the bill.
Really what we're talking about is salesmanship. You have a belief, and you're attempting to sell others on that belief. The problem is, from my point of view, you're a really bad salesman because your pitch doesn't address my primary concern. So, I don't see a clear benefit to investing any more of my time or energy into what you're selling.
You got a number of things wrong and we haven’t even got into the meat of it yet:
Tor said Ulbricht "made mistakes in operational security" and was caught by "actual detective work" rather than exploiting problems with Tor. Indeed, the FBI tracked him down in part thanks to an online post that linked to a Gmail account.
With Tor installed, the Silk Road URL directed new users to a black screen with a prompt for a username and password, as well as the option to sign up. All that was required to sign up for Silk Road was a username, password, and country of origin. "No other information is requested, and the country-location information entered by the user is not subject to any type of verification," Agent Tarbell wrote.
Though bitcoin transactions are tracked via a public ledger known as the Blockchain, it "only reflects the movement of funds between anonymous bitcoin addresses and therefore cannot by itself be used to determine the identities of the persons involved in the transactions," Tarbell wrote. "Only if one knows the identities associated with each bitcoin address involved in a set of transactions is it possible to meaningfully trace funds through the system."
Standard rejoinder deployed. "I'm smarter than you and you just don't get it." How about answering the question? You can't, no matter how much smarter than the rest of us you claim to be.
Because I’ve already addressed that question in this forum, as have others. It’s time for you to take some responsibility for your ignorance. Study.
bite me crypto shill
Ok, let's put your theory to the test.
I am hereby making the claim that the future is BANANAS. Yes, the delicious, yellow fruit.
All currency will be bananas, and banana farmers will be the new robber barons of our time.
If you refute me, I'll simply call your ignorant, and refer to how I've already addressed any concerns you have about investing in bananas. Additionally, I'll tell you that it's time for YOU to take some responsibility for your ignorance.
Now, think about how FUCKING STUPID that argument is, and that's how you look to us.
Your argument has been dealt with a million times. If you were half educated on the topic you would know this. Try reading: https://fee.org/articles/the-difference-between-a-bitcoin-and-a-tulip/
So you get told that a lot?
We've arrived at the point in the dialog where the only appropriate response is ... "fuck you".
You’ve reached the point where an ignorant man has run out of things to say.
There is no scam.
There are flaws with everything. But in its existence, the Bitcoin blockchain has never been hacked.
You are just making it more obvious you don’t know what you are talking about. Hacking your computer and the network are two different things. Devices are always potentially hackable under the right (wrong) circumstances, just like your silver and gold can always be stolen physically. The reason people with extremely large holdings of gold and silver use a “bank vault” is because they trust the security provided. The reason we really on blockchains is because they provide security. Ex: the Bitcoin blockchain has never been hacked.
That is hacking an individual user, not the entire blockchain.
Well, given that there are nodes located all around the world and anyone can operate one if they know how, it's only a matter of time before connectivity is restored and consensus is reestablished. Just because the internet goes down does not mean the blockchain is lost. The whole design point of blockchain is to provide redundancy for exactly that type of scenario. No single central point of failure, therefore the network is resilient to localized attacks. The only way to kill it would be to take all nodes offline forever, and good luck with that.
You can still transact with local nodes without internet, problem is if its down for a long time and everywhere. The real issue is that the government at any point even local government can deem bitcoin not a currency. If anything, its been permitted, for now, to continue.
Ok, how much? How much phantom wealth can I convert into yachts and Porsches without the networks approval?
This is a hypothetical right? Where its just internet down? There are still many ways and it depends on if the vendor is setup to receive/send that way too. For instance, satellite API, SMS, mesh network etc are alternatives. I wouldn't bank on this being stable now but thats where the future is heading with this tech. There will be redundancy
There is some dollar value that is going to require validation of the entire chain. I assume we can agree on that. My position is that that value can and will fluctuate with the geopolitical situation. Given that it has no physical manifestation, it's value can easily be made 0.
With geopolitical or just local policies, yes. I stated that above in which governments can deem it worthless overnight.
I disagree. Crypto prices have never been dictated by governments. The most they can do is attempt to prevent trades between crypto and legacy assets and create friction for users by adding regulations and "security".
And in effect that would bring insane volatility to its price, right? Governments wouldn’t dictate the price, they dictate legal currencies. That hammer hasnt dropped, but could. It also can go the other way, i believe arizona is recognizing it as a valid/legal currency
Bitcoin is the new Amway.
You are about as bright as the MSM.
I say this with love. Until Tether is gone or fully transparent, crypto is just digital fiat.
Still say that gold requires no electricity to maintain value.
The Tether bomb drops all crypto value by 90%+.
Not that I trust the fiat, because I don’t..... But as we move forward, any currency you can’t physically hold seems like a real risk. And if you watch the wild swings in Crypto in conjunction with the stock market, it becomes clear the same players control both. That’s my opinion, I do understand the appeal though.
Cold wallets: These types of bitcoin wallets cannot be accessed through the internet. They often involve physical devices (like a USB stick), where bitcoin and other cryptocurrencies can be stored securely offline
Interesting. Did not know about that. Thx
With crypto, the only component you need to worry about having physical possession of is your backup seed phrase. It's a combination of 12-18 random words that will be used to generate your private keys and unlock full access to your entire wallet.
People sometimes use pen and paper to write the words down, but that can get lost or destroyed easily, so there are lots of creative ways people have come up with to create secure offline backups.
Suppose your house burns down and your electronic devices are all destroyed. A paper wallet wouldn't survive and you'd lose everything, but if you had a fireproof backup like this, you could restore your wallet on a new device.
The dark side to this is that if anyone else gains access to your backup phrase, everything in that wallet is gone. Most crypto "hacks" are just because people are careless when they save their seed phrase, like taking a screenshot and saving it in the cloud.
The cabal loves digital currencies.
They can empty your wallet with the touch of a button. Digital and chipped is the beast system.
There is a difference between a centralized digital currency controlled by the IMF and a decentralized currency controlled by blockchains. Learn the difference.
The people here really don't understand Crypto. They are saying the same exact shit people said 12 years ago when Bitcoin was 8 bucks. Crypto doesn't need them to believe in it. It's going forward regardless.
Exactly. They need to broaden their awakening.
And the free flow lasted until BlockStream (literally what they are called) helped coup the repository witht the code and suckered the community into accepting 1MB blocks when there were none previously.
This limit is there to this day and is creating all sorts of distortions of the tech leading to the split in august 2017.
The split became BTC and BCH, where BTC still has limited flow, while BCH is sticking to the original whitepaper by satoshi.
I just posted a comment about this on another thread:
https://greatawakening.win/p/141YNIGfO5/x/c/4OTOknFf7Cd
Very well put! Shame how things have gone downhill with bitcoin since 2014. Not everything is about price.
Hopefully. BCH camp can overcome the scam.
define it
The ability to pay.
What does that require?
I’m not playing games. What point do you want to make?
People ignorant about blockchains sure spend a lot of time on here acting like experts.