One must believe in fiat or believe in the future.
(media.greatawakening.win)
You're viewing a single comment thread. View all comments, or full comment thread.
Comments (11)
sorted by:
The purpose of backing the dollar was to prevent artificial inflation i.e. it could only inflate proportional to an increase in the gold supply. Bitcoin doesn't need to be backed by a limited supply of a scarce commodity like gold because it is itself scarce and cannot be artificially inflated. And while we dont know how much gold is left to be mined we know exactly how much Bitcoin is left to be mined and we know when it will happen as well. Bitcoin is a more sophisticated gold for the 21st century.
I admit I dont trust and know much about crypto, not an expert. However, the NWO seems to be embracing it, which is not a good sign to me.
Really? Because the IMF begged El Salvador not to adopt Bitcoin as legal tender and when they did anyway they then begged them to stop. Sure there are legacy finance companies that are starting to invest themselves because they see how much adoption is happening but the central banks are freaking out. Thats why theyre trying to create their own digital to also be a part of the space but what they dont realize is no one will want their coins because decentralization and deflationary assets are the whole point.
you may be right, I just see a lot of articles on liberal rags that talk about crypto. Seems to be a mix of the way they are reporting on it. And the governments are trying to regulate it in some way.
No i understand and eventually theyre going to have to regulate it in some way which crypto people wont like at first but it will actually make it more legit and palatable for the average person which will create more adoption etc
Bitcoin's scarcity is but a fork away from being ruined.
Gold will destroy fed.
I can see using a crypto like bitcoin for secure transactions but backed by gold. You have the bitcoin tied to the price of gold that you can actually see or acquire.
None of this fractional bullshit.
Bitcoin = Gold