The Central Banks are AFRAID. They know they are losing CONTROL. What happens when we cease the utilization of their FINANCIAL SYSTEM? End Game? György Matolcsy, governor of the Hungarian Central Bank, wants to ban cryptocurrencies like #Bitcoin in the European Union. P. A. N. I. C.!
(twitter.com)
🚔 Crime & Corruption 💸
Crypto is NOT currency. Crypto is a scam / vaporware.
Outlawing is fine by me. It makes NO difference.
Outlawing Central Banks / Federal Reserve WILL make a difference.
I disagree.
I see tokens replacing stocks in the very near future.
Blockchains create transparency and accountability. Stocks allow for counterfeit share creation in the form of synthetic shares. Hedge Funds take advantage of these loop holes to create additional shorts for companies, thereby depreciating the value of the company whom they are defrauding. This is what happened to companies like Blockbuster, GameStop, and many others.
Through the use of a blockchain, and tokenomics, a company can 'mint' X number of tokens, and create a fixed finite number that can never be fraudulently increased through synthetics.
I do agree that calling this market cryptocurrencies is probably inaccurate. Thinking of it more as a replacement for the stock market is more apt.
...and companies like, Sears, Kmart, Orchard Supply, Mervyn’s, Toys R Us, Kay Bee Toys, FAO Shwarz... the list goes on and on.
Currency is a medium of exchange for goods and services. It is a store of value. The problem is that over the course of human history, that concept has come under the control of governments which have come under the control of international private banks. He who controls the production and regulation of money, holds all power. Threats to centralized government control over mediums, are threats to the international banking cabal. This is why crypto scares the shit out of those holding onto control.
Article 1, Section 10 of the US Constitution prohibits states from being allowed to "coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts." Why? Because in Section 8 of the same article, the states vested the power "To borrow Money on the credit of the United States [...] To coin Money, regulate the Value thereof, and of foreign Coin" in Congress.
There are two interesting, critical points absent here. First, the Constitution does not bind Congress to keep any certain form of currency (metal coins, paper notes, digital accounting notes) or base on any particular standard (gold, silver, Bitcoin). Secondly, note that nothing is said about businesses and individuals creating their own forms of exchangeable currency. Congress has no more authority, under the Constitution, to ban cryptocurrency than it does to ban prepaid debit cards or paper gift certificates used by mom & pop businesses. In other words, the FED and IRS can fuck off if that's what the people want. If enough people decide to start using digital wampum as our trusted system of currency, there's nothing the government can do about it.
Edit: want to get rid of the FED? Amend the Constitution to eliminate the power of Congress to "borrow money on the credit of the United States." 🤔😉
This is an honest question, I don't know enough about it too understand it. How was the CMC able to change the number of SHIB coins available for almost a month? A few of people I know bought when it was .00007+, but they changed the number of available coins back and now it's ~.00003. Most people I know lost half of what the put in over a "mistake".
SHIB is a sh$tcoin designed for pump and dumps. To destroy the credibility of the crypto markets. There are a few coins to keep an eye on the one and most important it’s bitcoin. Take a look at bitcoins history. Focus on its biggest bull run ever 2017 what month? Does it coincide with someone’s post? You do the research take a look you’ll see what the writing on the wall looks like.
Why does everyone always get so offended when I ask questions about crypto, goodness. Take a deep breath, I'm just curious. I know that SHIB is a meme coin, I get that, but I'm also told it is a part of the Ethereum Blockchain. I'm being told that Blockchain can't be messed with like they do stocks, yet I saw it happen to some of my friends. I was just trying to understand how.
Yeah you definitely havent researched crypto very deep
I completely concur. Crypto is a scam. I've never witnessed anyone who's invested in it show a physical return.
At work I know at least a dozen investors who have nothing to show but loss over years of crypto investment. Only one has had the balls to accept all the fees/taxes sbd convert it all over to his checking acct... To the tune of near -$20k loss.
The rest have never cashed out and just keep pumping more and more in with no way to spend it or withdraw without heavy fees/loss.
I personally know 2 multi-millionaires and a another friend who is about to hit $500,000 in realized profit. Sounds like you just have shitforbrains co-workers.
Does anyone cash out of USD either? Crypto is a currency not a stock... Your analogy is flawed which is why you are coming to these fallacious conclusions.
First off anecdotal...but more importantly anyone in to trade it in the short term will most likely lose because of the volatility but for those who have been in the space for 4+ years have seen massive returns and profit taking like no other. Its an investment not a get rich quick scheme