GOLD shall destroy FED.
(media.greatawakening.win)
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And there you go again with your childish "lol" remark ,which I've seen you make more often in these types of discussions.
I've just typed a relatively long reply and you have nothing to say while you are the one that's constantly pushing this anti-crypto narrative on this board.
Why did TPTB demonize Bitcoin from the beginning when they actually want us to use it? Explain that to me please.
Also explain to me why they demonize decentralized crypto and are pushing their own centralized CBDCs?
It's pretty simple, the NPC class of society are perfectly happy and fine using fiat coins and need a good reason to move over, a good reason here meaning an Earth moving compulsion. You appeal to the "fringe" elements and then libertarians and then gamer girls and then the normies will follow like water flows down hill.
Do something like print 60 gorillion trillion dollars of fiat to shake the tree and get boomers et al moving into Crypto, stage a FF of sorts in the crypto space, public demand CBDC, give it to them.
The playbook is old, you should read it sometime. You can talk about "Demonization" like it means something all day, it's fucking illegal to collect your own rainwater in some areas of the US, to believe they couldn't just ban BTC "Cus it would be too hard" is your bias thinking for you.
Nice try. The truth of the matter is that your explanation iis way too convoluted.
If TPTB can get normies to inject themselves with clot shots by saying these shots are healthy, then they don't need some intricate plan with all sorts of fake outs to get people to embrace CBDCs.
And Bitcoin can be banned in the same sense that torrenting can be banned.
Agreed, except for your last point..
Sure you can't ban bitcoin between private individuals, but you could ban it from open retail markets. If no companies are allowed to use bitcoin, then your only option is to go somewhere where you can trade bitcoin for whatever fiat in order to actually buy something. If you also make places like that illegal, how would you ever spend it? (I don't think that will happen btw, just think it is in the realm of possibility for governments to affectively "ban" it)
You can make it really difficult to use Bitcoin of course. And in a modern country with a good enough local currency, a Bitcoin ban would be bad.
But if you take the example of some countries (with very high inflation for instance) banning the USD, then people in those countries will not stop trading USD on street corners. When the allowed currency in a country is sufficiently shit, people will not care about what the government says.
This is where businesses need to disregard their government. But i beleive We will have a government that will allow crypto.
It's simply hasn't become viable yet and remains to be seen if any current crypto will be converted.
It's called Hegelian dialectic and it's absolutely what they do with 2/3 of anything they pull. As for "same sense", no, they could make it a crime punishable by 10 years in prison and force every entity to drop it and it would happen overnight and the BTC-revolution or whatever would be dead before it served it's intended purpose.
Who is they? You act like we are going to keep the deep state around.
Deep state planned ro have their own if they win. It's part of their plan too except they will control it as you say but they won't be in charge then.
They can make anything punishable by 10 years in prison. Using gold? 10 years. Bartering goods? 10 years. Shells? 10 years.
How is that an argument against Bitcoin?
We will all be moving tonweb 3.0 blockchain something for sure.
We must. That's how we exit their fake economic bullshit.
But, it's far from established as the means yet.
How does Bitcoin not hit an energy brick wall? I wish I had a laptop mining it from the very start, I would be rich.
Now you need to siphon power off a hydroelectric plant (a recent case) to have enough electricity to make semi serious money.
At some point in the future will it not take the entire energy output of our sun to resolve the ledger?
Am I missing something, because I really don't know that much about crypto? Have they found a way to reduce the ridiculous energy component and it's associated fuckery, like hoovering up all the world's graphics cards even before the supply chain issues?
Yes. Its called proof of stake. Its existed for almost a decade and most modern protocols use it already or are transitioning. But the amount of energy is partially what derives its value. You cant create new bitcoins from nothing. You need to invest real world commodities
Like cattle NFT's. ARROW S ranch
Yeah, I get it. It limits the amount of bitcoin that can be "printed" so to speak.
KEK!
Watch the youtube video “The Great Reset and The Rise of Bitcoin” you will find out that the amount of energy that Bitcoin uses is overblown. Much of the energy Bitcoin runs off of is renewables and energy that would have been wasted otherwise. Not to mention it only uses a tiny fraction of energy that the current banks use. But they dont want to tell you that because theyre afraid of Bitcoin giving power to the individual to be their own bank and no be reliant on central banks and fiat.
There's thousands of "crypto's" I'll usher that "mining" these "coins" has been a substantial source of the carbon contribution... And meanwhile depleting fossil fuel back-ups!
All a push for the "meta" verse, digital dystopia?
It has certainly eaten up the graphics cards. I dont give a flying fuck about cryptos "carbon footprint" though. That whole paradigm needs to die horribly and leave the nations lexicon in a body bag.
Right carbon footprint. That bullshit is not on a patriots radar.
If you really want to get good answers on how Bitcoin works, I would advise you to listen to Andreas Antonopoulos. He is a master at explaining things:
https://www.youtube.com/watch?v=l1si5ZWLgy0
Yeah, but I only have one question. I have long ago decided that I missed the bus with bitcoin and would not invest (which is a moot point as I have used up my reserves surviving this COVID shit unjabbed).
Does he have a video addressing my question on the exponential nature of it's power usage, or even better, can you address it?
The system is designed in such a way that an equilibrium will be reached. Let's say the world is now entirely running on Bitcoin and it has a price of 1 million dollars per Bitcoin. This will then mean that more miners than we currently have at a price point of 45.000 dolars, will join in and therefore more energy will be used by the network. But more miners also means more computing power and then the network will adjust to the new influx of miners. The network will always make sure a block is generated every 10 minutes.
So if there's only 2 miners in the network: 10 minute block time and low difficulty If there's thousands of miners: 10 minute block time and high difficulty
And at a certain point the difficulty of the network is so high, that miners need to invest a lot of money and at a certain point the investmen is not worth it anymore, even with a Bitcoin price of 1 million dollars. So there will not be an endless joining of miners. At a certain point, miners can't break even anymore.
And this effect will become greater, since every 4 years the reward of mining is halved. Putting even more pressure on mining profits and therefore number of miners joining the network.
Also, I don't think you missed the boat on Bitcoin. Bitcoin can still easily go times 10 or 20. Needless to say, don't put all your money in it :)
Most power companies produce excess power that they don't know what to do with. So they have recently started mining operations at many power plants to see a net gain from the excess energy that would otherwise go to waste. I foresee almost every single power plant to hold a mining operation in the future. It's an absolute win for the network and the power company.
Blockchain tech is also constantly evolving and many potential issues we see today are being worked on. For example, Etherium is going to Proof of Stake instead of Proof of Work. They will also implement something called sharding, which will make gas fees pretty cheap and eliminate the costly network transactions. Bitcoin will always remain proof of work though, because it's the most secure.
There are other types of blockchains that will be able to interact with Bitcoin to allow other solutions to send Bitcoin. Crypto is so unbelievably early that we haven't an idea where it will go. We are essentially at the point in crypto now where the internet was at in the late 90's. There were lots of doubters with the internet in the 90's and look where we are today.
You don't have to get in on Bitcoin, nor do you have to get in with mining. There are a gadzillion different cryptos out there, and imo many of them have a superior use case to Bitcoin. Stick with ones that have useful utility and avoid meme coins unless you know what you're doing.
My kid has ten towers mining crypto as we speak. In my family we have land, gold amd silver, crypto and cattle commodities in the form af a ranch with 1000 head. It's not all mine it's the family as a whole. Whatever happens, one or more of those will prosper.
Nice !
These question are very simple and if you want to keep your credibility you should answer these questions:
Why did TPTB demonize Bitcoin from the beginning when they actually want us to use it? Explain that to me please.
Also explain to me why they demonize decentralized crypto and are pushing their own centralized CBDCs?
Did they really?
Let me tell you how they dissuade people from buying gold and silver. For every ounce of these metals in existence, there are hundreds of ounces worth of futures contracts. Many people have come to view these contracts as interchangeable with metal, so they deflate the price of metal by blunting metal’s rarity. They issue more futures contracts as needed to keep the price down and keep investors away, so they can snap up however much metal is needed to meet demand for futures contract demands for possession.
Note that they do nothing of the sort for bitcoin, and the news even shouts bitcoin’s new highs from the rooftop, putting the lie to the reverse psychology tactics of telling people not to buy.
Why do you think they are limited to plainly expressing their desires?
They’re two different things. Bitcoin is a sponge for inflation fears. Bitcoin etc keep our current fiat alive longer by diverting money from inflating the price of traditional bellwethers for inflation, namely, gold and silver prices.
CBDCs are not limited in quantity and use tricks like expiring dollars that can’t be saved, and so have nothing to do with avoiding the inflationary collapse of the dollar. CBDCs are the replacement for fiat.
U haven't established your own credibility and you question his?
You should start watching video's by Andreas Antonopoulos. Maybe then you'll understand how powerful and important decentralized crypto is.
Yeah and that person will be you.