If they had control over Bitcoin they would not be taking measures like this.
(twitter.com)
😷 DEM PANIC 💉
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The Federal Reserve and Rothschild Central Banks are being chewed up in the wood-chipper! Their death is of course eminent. We Will Win!
eminent vs imminent.
Or both, I guess.
Oops haha! But I’ll just leave your correction. Why not haha. ;) :) :)
They are being denied a coverup war… oh my how will we do without the fed?
(((Federal reserve))) (((Central Banks)))
NCSWIC!
Tell me what right we have to interfere with El Salvador’s economic decisions, when we are doing such a poor job managing our own via our corrupt governmental bureaucracies?
The whole central banking scam is dependent on the world using the US dollar as a reserve currency. The taxes collected by the IRS fund two main things:
The interest on the dollar paid to the bankers to pay the foreign bond holders.
And the military to ensure the dollar remains the world reserve currency by ensuring the protection of bond holders and to crush anything that might threaten the US reserve currency status.
Everything become much clearer when you understand those two points.
Dang.
With that bit of knowledge, you just changed my life.
Thank you!
Name checks out.
☝️It's true!
Not implying you're wrong, but can you give an example to share?
Saddam Hussein decided to sell Iraq's oil in Euros instead of the US Dollar.
The rest is history...
Isn't that what got gadaffi murdered too? Basically all of our illegal regime changes come down to those factors.
Edit: This is why I love this place with all it's faults and all. No one man can know it all but together we can put our various pieces together and see the full scope of things.
Qaddafi wanted the make a gold Dinero and bring African countries together under a unified currency that was gold.
So we went in (Hillary was SoS at the time) and killed him and stole all of Libya's gold.
The Petro-Dollar in action, secured by the might of US Military ala the military industrial complex.
Was that Gulf War 1?
yes
And I guess that's why we invaded.
Same as Russia just did 🍿
Gadaffi was actually a good guy. What did he do with dollars? What currency did he attempt to introduce? What metal was it made from? What were his longer term plans for such currency?
There was a video where Ghadaffi was riding around town standing through a sunroof and everyone was cheering him on. Meanwhile there was some text on screen about how he was beloved by his people and the country had no taxes and a bunch of other stuff. Alas! I'm unable to find that video, maybe my search terms are wrong.
Also brought water to all his people even in the desert which also created jobs etc and didn’t even build a house for his mother until he had all his people housed.
Probably been deleted. He was calling out the Jews for their nuclear hypocrisy re:- Dimona etc, but you're right. Check this....
There is no electricity bill in Libya; electricity is free for all its citizens.
There is no interest on loans, banks in Libya are state-owned and loans given to all its citizens at 0% interest by law.
Home considered a human right in Libya – Gaddafi vowed that his parents would not get a house until everyone in Libya had a home. Gaddafi’s father has died while him, his wife and his mother are still living in a tent.
All newlyweds in Libya receive $60,000 Dinar (US$ 50,000 ) by the government to buy their first apartment so to help start up the family.
Education and medical treatments are free in Libya. Before Gaddafi only 25% of Libyans are literate. Today the figure is 83%.
Should Libyans want to take up farming career, they would receive farming land, a farming house, equipments, seeds and livestock to kick- start their farms – all for free.
If Libyans cannot find the education or medical facilities they need in Libya, the government funds them to go abroad for it – not only free but they get US $2, 300/mth accommodation and car allowance.
In Libyan, if a Libyan buys a car, the government subsidized 50% of the price.
The price of petrol in Libya is $0. 14 per liter.
Libya has no external debt and its reserves amount to $150 billion – now frozen globally.
If a Libyan is unable to get employment after graduation the state would pay the average salary of the profession as if he or she is employed until employment is found.
A portion of Libyan oil sale is, credited directly to the bank accounts of all Libyan citizens.
A mother who gave birth to a child receive US $5 ,000
40 loaves of bread in Libya costs $ 0.15
25% of Libyans have a university degree
Gaddafi carried out the world’s largest irrigation project, known as the Great Man-Made River project, to make water readily available throughout the desert
I have no idea about that. I'm only 36, so had the tail end of anything resembling non-indoctrination education.
No problem.
The issue is they drain wealth of Americans to enslave the world.
Me, as a top earner working for a mega bank, is directly benefiting from the system. My income comes off the backs of the poor through interest on loans, including the interest on the dollar. The money I earn is at a higher rate simply because it's closer to the top of the triangle. A dollar I earn is worth more than lower people so I get more of it.
It's a messed up system. And pains me knowing I get paid more because the system steals from the hamburger flipper or the guy making the stuff I buy products.
Lybia has entered the chat.
Good one! However, it is Libya.
If we get to labia, call me.
Username checks out!
Lmao
We don't care unless it affects the petrodollar. Then all bets are off and our sons are coming to replace your leadership. Sucks but it's true.
You got it all wrong. "WE" don't give two shits about what another country does with their finances, as long as it doesn't affect the greater world.
Stop lumping everyone else into the same category as [them]. You HAVE to make a distinction between us and [them]. Otherwise, we'll continue to have the same problems we've had for thousands of years.
Don't you mean (((them)))?
Likely we fund their entire government t on fiat dollars to control them.
now they can be free and do international business via bit coin. Circumvent all tariffs and taxes if they want.
What the fuck is this we shit? This government does not have my consent in anything they do. I do not condone any actions brought by illegitimate tyrants.
Okay Pedantic Man.
Great. For the first time in 40-years... the U.S. is concerned about El Salvador's stability?
:>)
You can't "Control" the blockchain(Bitcoin or Crypto Currencies)...The main purpose of the blockchain is to allow fast, secure and transparent peer-to-peer transactions. It is a trusted, decentralized network that allows for the transfer of digital values such as currency and data...Blockchain technology is secured with cryptographic techniques, making it near impossible for hackers to make changes to it...You Cant just turn the Blockchain off or stop anyone from accessing their account/wallet...That's why "they" need to interfere...
I don't automatically think bitcoin is good because theyboppose it. Espescially when so many are herded to it just because the government act like they dont want it.
If someone created it, it can be gamed whether people want to admit it or not.
Normally I would agree, but I don't see how that's currently possible with bitcoin. It would be easier to hack into the Pentagon.
I dont think bitcoin needs to be hacked. Having the ability to print money means that the FRB could buy, sell and manipulate the price of BTC to screw over the little guy.
Apples to oranges...all that takes is one person with the right log information to be able to see information coming and going. Bitcoin doesnt operate that way because of the 1000s of miners worldwide verifying transactions...all the individual computers have to agree on what the transactions are for it to be verified...you have to hack at least 51% of the miners for any fraudulent changes to take place...not being condescending please go look up how bitcoin works before you assume its just like all computer networks. Its not
If you're accessing your Bitcoin wallet on a Windows, Apple, or Google OS, you're easily hacked, and there's a reason Microsoft, Apple, and Google are contributing to Linux and flooding distros with Flatpaks.
taps forehead
Do you think that was easy? Does it happen often? Did they do it without getting caught?
Manipulating bitcoin would be orders of magnitude more difficult. Like hacking every computer in the world simultaneously. Good luck. I agree that nothing is "impossible" but there are things that are so difficult to do that it's not even worth it.
"no, you're wrong. I don't know the answer, but there is an answer, but you're not smart enough to find it"
That's what your comment sounds like.
NSA’s automated hacking engine offers hands-free pwning of the world With Turbine, no humans are required to exploit phones, PCs, routers, VPNs. by Sean Gallagher - Mar 12, 2014 3:20pm EDT
Since 2010, the National Security Agency has kept a push-button hacking system called Turbine that allows the agency to scale up the number of networks it has access to from hundreds to potentially millions. The news comes from new Edward Snowden documents published by Ryan Gallagher and Glenn Greenwald in The Intercept today. The leaked information details how the NSA has used Turbine to ramp up its hacking capacity to “industrial scale,” plant malware that breaks the security on virtual private networks (VPNs) and digital voice communications, and collect data and subvert targeted networks on a once-unimaginable scale.
Turbine is part of Turbulence, the collection of systems that also includes the Turmoil network surveillance system that feeds the NSA’s XKeyscore surveillance database. While it is controlled from NSA and GCHQ headquarters, it is a distributed set of attack systems equipped with packaged “exploits” that take advantage of the ability the NSA and GCHQ have to insert themselves as a “man in the middle” at Internet chokepoints. Using that position of power, Turbine can automate functions of Turbulence systems to corrupt data in transit between two Internet addresses, adding malware to webpages being viewed or otherwise attacking the communications stream.
Since Turbine went online in 2010, it has allowed the NSA to scale up from managing hundreds of hacking operations each day to handling millions of them. It does so by taking people out of the loop of managing attacks, instead using software to identify, target, and attack Internet-connected devices by installing malware referred to as “implants.” According to the documents, NSA analysts can simply specify the type of information required and let the system figure out how to get to it without having to know the details of the application being attacked.
Blade Runner Game Director Louis Castle: Extended Interview The “selectors” that analysts can use to target victims through Turbine are significant. Using Turmoil as a targeting system, Turbine can look for identifying cookies from a number of Web services, including Google, Yahoo, Twitter, Facebook, Hotmail, and DoubleClick, as well as those from the Russian services Mail.ru, Rambler, and Yandex. Those cookies are all available for targeting purposes, as is user account information from a whole host of services.
Enlarge / The NSA's collection of selectors. Turmoil can also key in on Windows Update identifiers, software serial numbers passed over the Internet, and signatures from physical devices such as phones’ International Mobile Station Equipment Identity (IMEI) numbers and Wi-Fi MAC addresses. All of these things can be indexed as metadata by Turmoil and tied by other metadata to a specific target.
Once installed, implants give the NSA and GCHQ a way to extract data from the target, monitor its communications, or launch attacks against the network the target resides on. Turbine implants have even allowed the NSA and GCHQ to hack IPSec VPN connections by inserting an implant on routers that break VPNs’ key exchange process, opening virtually any VPN to direct surveillance.
Hammer time The documents published today include slides from the NSA’s Turbulence team detailing the “phases” of the NSA’s capabilities to monitor VPN and Voice over IP (VoIP) traffic using a set of attacks known as Hammerstein and Hammerchant. Previously, it was known that the NSA could exploit the older Point to Point Tunneling Protocol (PPTP) for VPNs. But the new documents show how Turbine and Turbulence can be used to attack VPNs using the more secure Internet Protocol Security (IPSec) standard.
At the most basic level, Turbulence simply captures metadata from Internet Key Exchange (IKE) messages between systems connecting over an IPSec VPN. The NSA can apparently perform a “static tasking” against an IPSec VPN based on its IP addresses using the Hammerstein implant. (Hammerstein is a piece of malware injected into a router sitting in the path of the VPN traffic, which forwards key exchanges and encrypted data to a Turbulence system.)
Hammerstein allows the NSA and GCHQ to tap into networks that don’t pass through the Turbulence checkpoint. The data can then be pushed through a specialized VPN-cracking “blade” in the Turmoil server hardware to decrypt the content.
Enlarge The Hammerchant implant does roughly the same thing with digital voice calls and video conferences that Hammerstein does with VPNs. It can intercept call traffic based on the SIP and H.323 protocols, allowing “call surveys” that collect metadata or capture the actual voice content.
Turbine added the capability of “dynamic tasking” to these attacks. It can send identifying information on the fly to Hammerstein or Hammerchant automatically based on a set of parameters set by an NSA operator with a few mouse clicks.
Enlarge Search and destroy Other man-in-the-middle and “man on the side” attack systems are also tied into Turbine. Quantum Insert, the attack tool used to hack the networks of OPEC and the Belgian telecommunications company Belgacom, can also be controlled by Turbine by using webpage request data collected by Turmoil to automatically trigger an attack. Turbine can push an HTML request posing as a response from a visited site back through a Quantum Insert implant on a server or router closer to the server the request is sent to. It does this because of a microseconds-long response time advantage to convince the target’s browser that it’s the response being sought out. It then delivers malware that allows the NSA (or GCHQ) to poke around the target’s computer and network.
Enlarge / Turmoil finds, Turbine fires, Quantum exploits. It's just that easy. These capabilities give the NSA’s Tailored Access Operations (TAO) unit the ability to conduct not just tailored attacks, but multilayered, massive operations that can scoop up vast amounts of data not accessible via XKeyscore. As if that’s not enough, there’s also an attack tool designed for wholesale exploits of traffic passing through a specific Internet “choke point”—a peering point for a specific Internet Service Provider, an Internet exchange at a national border or at a submarine cable meeting point, or any other routing point on the Internet that could host an implant.
Called SecondDate, the capability was described in a 2012 NSA document as a tool “to influence real-time communications between client and server.” It has the ability to redirect Web browsers to the NSA’s FoxAcid malware servers, and it may have been used as part of an attack on Tor users. SecondDate can serve as part of a targeted attack, but it can also be used, according to NSA documents, for “mass exploitation potential for clients passing through network choke points.” In other words, SecondDate can be used in concert with the NSA’s other systems to attack whole swaths of the Internet, infecting systems with surveillance malware.
All of these capabilities give the NSA and GCHQ considerable reach. But they also run the risk of allowing others to stand on the agencies’ shoulders and take advantage of the exploits the NSA has already seeded into parts of the Internet’s infrastructure. Regardless of the scope of the NSA’s ongoing surveillance, the chance that someone else could hijack or repackage a capability like Hammerstein or SecondDate for criminal or other malicious means poses a risk to the entire Internet.
Listing image by Trevor Paglen
Maybe you can't game the chain itself but without trillions of retail dollars you can manipulate prices by owning a large chunk of the total cupply of a coin such as BTC, and since most other coins follow BTC, if you control the price of that, you control the price of the entire space
When you actually find out what Bitcoin is and how it operates youll realize why thats not true
Sure, ok
Im being serious...here ill help.
https://youtu.be/bBC-nXj3Ng4
That's all great and all in explaining HOW bitcoin and cryptocurrency as a whole works, but as long as those who have digital currency do not outright OWN the internet that it is being run and stored on themselves, it can AND will be hacked.
I am not saying that it will be easy at first, but it will get easier and easier as hackers break into it or hell, even shut down their access to their data completely. This is all too similar to when atm/debit cards and even bigger access to credit cards came out and people were told they would be very hard/limited to hack. We know how that all worked out.
If it is digitalized, it CAN, and WILL be be hacked. There are many methods in which those who wish to take control or limit the control of by others, can do so when it comes to the digital world. Bitcoin & crypto may be newer to the majority of the population, but they have been working on this behind the scenes for a LONG time, which also means that there are groups of people who have been working behind the scenes for a long time to also crack and/or control it if they ever wish.
It is far too easy to take the route of believing that this digital system is unhackable. There is a reason it is being pushed so hard for everyone to switch over to.
whew.. because those of us who served in the military know that stuff has NEVER been hacked before roll eyes
Hey, it's your digital money to lose.
Algorand?
Who owns the exchanges? Good luck getting your money off or moving it into and out of exchanges. Most holders don’t even use cold storage. When all the usual Hollywood fuck tard shills are telling us to buy BTC and cryptos I knew it was the sign to be very careful. Physical gold and silver is the safe investment. One of the purposes of crypto could be to keep fleeing fiat money from running to gold and silver. Plus they can issue in the CBDC’s easier with crypto sheep on board
If you don't use cold storage then basically you're an idiot...And Not everyone is that stupid to keep their assets on an exchange unless they want to sell/trade...
The transfer is available publicly. I've never understood how you're able to "store" crypto on a cold wallet. Is it similar to storing documents on a flash drive?
Yes exactly. Look up the Nano ledger X for example. I look at it like money in the bank. Does the bank really have all our funds if we went to withdrawal? No they don't and God knows what they do with it all. There was a thread last year on the increasing number of large BTC wallets that were pulling their bags off the exchanges to cold storage which tells us all we need to know.
Unfortunately the whole crypto space is confusing and even more confusing/time consuming when you use cold storage. Most will just leave their funds on Coinbase etc... and think their money is safe.
Okay so if you need to sell, trade or buy then you have to use exchanges. I know there will always be ways around it for people like us who spend the time to research but 99% of crypto holders have no clue how dirty Coinbase and the other exchanges are and will become. They could make it very hard to use if they choose.
Physical gold and silver is not an investment. IF you do look at it that way, then you've owned a terrible investment per the chart of where Gold has been the past decade. You've lost a whole lot of money fren.
But hey, apples to apples fren...
Physical metals = cold storage
Paper metals = exchanges / 3rd party custodian (ala IOU)
C/mon man!
And lastly, one has to separate BTC from all other crypto.
Are you serious? We are living in a time where our governments can close down our small businesses yet let Amazon and Walmart flourish, raise taxes, print countless USD, freeze GoFundMe donations if they don't agree with the views and now Canada straight up freezing bank accounts and trying to freeze BTC/crypto wallets. But hey a digital currency is safe and reliable!! Physical Gold and Silver have been used as a storage of wealth for centuries.
Btw all the usual scumbags are pumping crypto in posts and commercials to the public and telling us to get in. Am I really suppose to believe they give a fuck about me? Their puppet masters want a cashless society for obvious reasons and if you can't see that you are blind. BTC is great if used for it's intended purpose but unfortunately we will in a world of greed and lust for control and power.
They are all just making money. That doesn't invalidate BTC as a currency.
But governments around the world working together to stop and outlaw its use would.
Since it's not a physical object, they could confiscate all cold storage, outlaw exchanges and then it wouldn't be a viable currency because you wouldn't be able to actually trade it for goods.
Not sure what you're getting at but my point still stands...
Gold as an investment -- you have lost a lot of purchasing power investing in Gold... don't take my word for it, look at the data and performance returns, that's my point. So your stored wealth has lost it's 'wealth' over time, it's an objective view. As the USD debases over time due to inflation (the Fed numbers are bs btw) your wealth has decline in purchasing power. You would've made more with real estate, stocks. Remember that you're denominating Gold's value in USD.
Apples to apples -- Gov can freeze your gold account at a 3rd party custodian - if you won paper gold, or store physical metal in someone else's vault. Same with any custodial crypto wallet, or your Bank account.
The point is to self-custody, meaning you hold your own gold, physically... likewise with Bitcoin, you move it to Cold Storage, where you and only you own the private key.
You need to do your own research on cryptos, and not follow the herd/hype. I could say the same about the usual scumbags pumping Gold and precious metals.
Seems like your outlook of the future is total anarchy, where we will fall back into some barter society where golds is the only thing people want to use as a medium of exchange :)
Q did state not to worry no?
C'mon man!
I've never understood how something that is not currently accepted for transactions could be a good investment, quite frankly. We're not exactly sure what's coming, but 10-12 years ago, what intrinsic value would gold and silver really have had?
There is some form a mental short circuitry I see on the boards especially with the gold bugs. There is this odd running narrative -- I would go so far to say it's a lie -- that gold is THE store of wealth, which is clearly not true.
In fact, the wealth has been eroding for decades now due to the power of the Fed money printer and inflation. The unit of measure, USD, is where all the manipulation happens... so in the darkness of night, without a sound, the gov slices your 'value' away :)
re: Transactions -- this is more so an agreement between parties. Today you and I could agree to trade using Gold. The problem arises when the thing I want requires a huge rock of it, or some fractional amount.
We've already been through this play during the Roman empire. e.g. the silver in the coins were slowly 'debased' so at some point there was hardly any silver left in it.
That's another thing, what if I feel gold is near worthless, but you believe it's the best thing since sliced bread, and therefore worth a lot?
While I agree in general, the blockchain could be stopped at the network backbone level, blocking its data connecting miners/etc that host the info. Splits could potentially be created in transactions by, say, continental region and then need to be rectified against the others. New blocks mined, transactions made, etc could throw the whole thing in disarray. I imagine this would have to be at the federal agency level (nsa, etc), combined with other countries and it would be very obvious after a certain point in time. Trust would plummet, splits could divide the value significantly and chaos would ensue. Attack BTC and the whole crypto community would go into chaos, plummeting as people pull out.
Just an armchair theory, but crypto is very reliant on the network for maintaining and creating its value and that isn't uninterruptable, just very robust.
Interesting theory, one only has to look to China to see it play / playing out.
China has the internet backboned entirely covered, yet even they can't stop it .. specifically BTC.
Everything else is centralized. For example, all one needs to do to bring the entire ETH network down would be to just disrupt AWS.. poof! ETH is down.
Eth is built on AWS? lol I didn't know that, that's foolish.
I'm not sure how china gets their BTC connections, I assume VPN out of the firewall, or maybe satellite internet? Or more likely corruption and a porous "great firewall".
I would also note that trying to kill the btc blockchain network would be a huge undertaking when people knew that it was being attempted I suspect a ton of people would host full nodes and vpn them together, use satellite phones, or whatever to connect things as much as possible. But a one-world government effort the likes of introducing Covid/lockdowns/mandates could hit it pretty hard until global grass roots effort would be made to restore it.
But, this is all fantasy which I don't ever expect to happen at this point. We are winning.
Sorry it's more nuanced -- the majority of the ETH network runs on AWS, the reason being it's very costly to run an ETH full node so most just use centralized services like Infura which runs on AWS.
Essentially the cost to entry is so high that it ultimately centralizes the network which is antithesis to how a decentralized blockchain should work. So in the end, when AWS or Infura experiences an outrage the entire ETH network goes dark. It's happened quite a few times recently. So all the DS/Gov needs to do is send a letter to Amazon or Infura.
re: China ... people can still buy bitcoin, the gov banned mining and bitcoin / crypto transactions. so peer to peer transactions is illegal.
I've talked to a guy online who bragged about his friends mining operation full of 3090's.. and they were Chinese playing a game on a NA server. They're getting past the firewall somehow. Social credit score? You only need one node inside the firewall to stay connected. Perhaps it's governmental incompetence, corruption, or monitored.
I imagine it's a mix of VPNs and gov incompetence, or if the game has servers installed within China's borders... which most games do. The CCP requires datacenters/servers to be physically hosted within China if you wish to do business there openly.
3090s are super expensive! They must've been salvaging the bins. wow.
Not everyone in China is poor. If you have money and connections to get 3090s off the manufacturing line, you have first dibs. Lots of Chinese infest games. Have you heard the term Chinese gold farmer? They run bots to farm in-game credits to sell for real money. Even (especially) games with zero Chinese servers.
...like munger coming out a few days ago saying BTC is going to zero, then like clockwork, it gets slammed. buffett and munger's playbook, trash BTC, wait for the slam, buy the dip. not the first time these gopniks did this !
Remember the US Government is a multi-trillion entity, so it can brute force things it can't hack and flat out break things in quantity if it chooses. Bitcoin uses a proof of work method and can thus be attacked if the majority of the hashing power is controlled by an entity with malicious intent.
The entire Bitcoin network right now has a hashrate of just about 232 ExaHash per second. I can replicate that with roughly 2.32 million WhatsMiner M30S+ which would cost just a hair under $20 billion to buy. But given roughly 50 miners account for nearly 50% of the hashing power of the network, I'd take out some of the biggest to make it easier.
Interesting theory, a few things to consider...
You can't just buy 2.32M miners right now, so there is a long lead time, there would be a miner arms race which will incentivize other miners (gov/independent) to purchase miners the resultant is an exponential increase in Hash rate. Basically you're adding an additional 2.32M miners to the pool. It would be MUCH easier to just BUY BTC.
When hash increases the difficulty curve increases.
And don't' forget the Nodes <- this is where the true power is.
The majority of the hash rate last year was within China's borders... but DS being DS, they want a fully controlled centralized CBDC, so not within their best interest.
The government created supercomputers with Playstation parts when they couldn't get the parts needed otherwise.
Hopefully the Gov can salvage specialized microchips to make mining rigs :)
Bitcoin is like Facebook friends, everyone has hundreds until you need ONE to help you move.
Therein lies the key. Crypto, no matter its good points, still is not a direct means of exchange for most things people need and use - you cannot use it to buy food, gas, or pay your rent and other bills. For the most part, it still has to be swapped for another medium of exchange to pay for most things. This is the choke point that is vulnerable and can be attacked. Canada is showing us the vulnerabilities by freezing the ability of crypto to be exchanged for other mediums of currency. That does not mean that using crypto is not impossible, but it will be made more difficult to move it.
Neither is silver though at the moment, just try paying for gas and groceries with silver today.
Exactly. I was not making a statement necessarily in favor of something else. I was only pointing out some of the obvious drawbacks of crypto - but as you state, those same drawbacks can apply to other mediums as well. This should not be an argument between one thing versus another. There is no one perfect thing that can be used as a medium of exchange. They all have positives, and they all have negatives. The key has always been diversification to spread risk.
But the grocery store, the gas station, or the bank will not take precious metals and it sure as heck can't be used to pay taxes or other debts. This is not to knock silver or any other medium people use to shift from the fiat debt system the bankers have built for us. I am for all of them and I believe whatever holds value and can be used is a good thing. I keep the shinny stuff myself in addition to anything I think can be of value to someone else as a means of exchange. The more the better.
Digital currency has the look of a digital pyramid scheme. To me any digital app is vaporware. History teaches us that all paper denominations end up worthless. It's the absolute truth. It was originally a receipt for something of value (ie. gold and silver). In fundamental economics it is taught that wealth is a measurement of 'something' produced of real value. There are certain assets that have kept a consistent value through history.
Consistently going down the drain all the while the Fed prints more money, and wall street suppresses the price of metals. For the amount of $$$ circulating in the system today... Gold should be FAR above the price it is today (in USD) .. far too much 'paper metals' running in the market, without a trustless way to verify holdings.
US Dollar (all fiat for that matter) is digital currency today, has always been for decades.
“Potential threat to the US dollar’s reserve currency status” LOLZ They created the threat themselves when they started printing money at high speed and handing it out to everyone. The US dollar is hanging on by vapors and losing value by the minute.
Yeah i mean just look at the history of world reserve currencies....the life of a reserve currency remaining the reserve currency is about 100 years or so. Check we were at. Bitcoin actually makes sense to step in, its not tied to a particular country and it cant be artificially inflated.
Put $10 of silver coins in one hand, put $10 of Bitcoins in the other, then tell me which weighs more.
Send me $10 of silver and $10 of Bitcoin and compare which one arrives sooner.
If you want to go live Amish I'm not gonna judge.
A roll of quarters can still function as a weapon in case of a complete societal meltdown. Kek.
Tell me which one the State can seize more easily.
Both can be seized by the state via means of coercion... the difference is, you can cross borders without the need to carry metals which will be seized, or you can memorize your private key and run for your life.
If you're so afraid of gov seizure, just remember EO 6102. Make sure you bury your metals in a safe place :)
Give me $10 in Silver and $10 in Bitcoin and let see what appreciates more in 5 years, 10 years, 20 years? Which one can i send anywhere in the world in seconds for payment? Which one can i convert to any currency instantaneously if i need to?
Which one can I send if my 3 year old spills her sippy cup on my keyboard?
Get a new keyboard, go to your other computer, use your phone, use a friends computer or phone, or they also have debit cards now tthat are linked to your crypto wallets soooo yeah
Then my friends will have my password in there devices. What if China sets off an EMP?
For newbies, actual EMP usage would be catastrophic on a country-wide level
Doesn’t look too good with news like this:
https://www.coindesk.com/policy/2022/02/16/canada-sanctions-34-crypto-wallets-tied-to-trucker-freedom-convoy/
Their crypto is safe and fully accessible, they just can't easily convert it to fiat without access to bank accounts. If crypto was mass adopted, they can easily use it.
Is it really FULLY accessible without access to bank accounts? How does that work?
The crypto is accessible, yes. But converting to fiat is not. It's like being in Ottawa with an ounce of gold. The gold is worth $1,900. You have the gold. No one is taking the gold away from you. But little to no stores in Ottawa will accept gold as payment without first converting to fiat.
So the options are to have stores start accepting crypto as payment. Or to find peer to peer sales of the crypto to fiat. Just like if you had an ounce of gold on you.
Yes, no one can takeover your BTC private key - the only option is to coerce it from you.
Truckers can always transact BTC as a peer-to-peer system. Nigerians did this last year when their government outright banned it.
Nigerian prince?
Lol.
TLDR = Naira was tanking (still is) like Trudeau's manhood (stocks were going parabolic up because the Naira was going parabolic down), population needed a way to hold value, they switched to BTC. Gov banned BTC... people said "screw you" we'll go peer-to-peer.
And there's ways around that, could always trade it to someone else who uses fiat to buy stuff for you.
Exactly. Adds another step, but still some options.
"You will own nothing and be happy."
Thanks for the link. I sure hope people here is the US are paying attention. The enemy has been wargaming these scenarios for years. We must do the same. It will start by finding ways to operate while reducing digital footprints. There are people in Sweden that have been finding ways to get around an almost cashless digital society. We could take a few lessons from them.
This ongoing struggle in Canada is showing us exactly what they plan to do here in the US if the need arises. They already have their next moves planned and are ready to implement them. The very same financial choke points will be used here that will stop any means of exchange in order to control us. That means the banks, crypto, and any other digital means of transferring "money." Don't think for one minute they are not already tracking the flow of money here to know exactly where they need to target and who. That is why DHS and others have been releasing statements labeling us as terrorists - because they are already in the process of building their dragnet. There were plenty of Americans that had their information hacked along with the Canadians. Patriots need to start thinking outside of the box if we are going to harden ourselves for the maneuvers they are sure to use against us.
Thanks for your informative reply—always glad to learn more.
Time to by Bitcoin!
Who makes a profit when I buy bitcoin? Is this like Amway?
The individual who you bought your BTC from and the exchange that charges a fee from the transaction.
Sort of like a Central Banker?
How so? I can put my BTC up for sale right now and someone (you) can buy it. That's called commerce. There are multiple exchanges to choose from when buying/selling so free market capitalism is very much alive in this regard, unlike central banking.
I think he's in over his head. You know when he goes to Chik Fil A he's not questioning the teenager taking his order "Who gets the profit when I order these chicken nuggets? Hmmm? Sounds like Fed and Rothschilds!"
It might mean they don't have control over it today, but unless stopped, they sure as hell will tomorrow.
That's what legislators and unelected bureau lawmakers are for, you know.
We will see if bitcoin is compromised. I think this is all controlled to keep that from being discovered.
I dont trust anything they don't the moment.
I simply don't trust anything that can be taken away without firing a shot at me.
What part of "You will own nothing and be happy" didn't people understand?
Why not verify the blockchain yourself? Bitcoin is great because the ledger is fully transparent, the data is all out there. You can run your own node and be part of the network.
IMF is very afraid of Bitcoin because they can't control it, so the narrative needs to be built .. it's the same shit, "unsafe", "it promote inequality" ... the same bs.
Lots to learn on Bitcoin (all other cryptos are centralized entities).
Bitcoin is trustless.
It's open source code and math.
Why would any of it be any of their fucking business?
If they were truly worried about the US dollar, they'd stop printing it by the trillions.
This is all so bizarre and hard to reconcile. As a CPA, my brain doesn’t comprehend the value of Bitcoin/crypto outside of simple supply and demand. There are no revenue generating assets derived from ownership in the coin. The value must be derived from the belief that it’s decentralized nature and security shield it from governmental purview and seizure. That in itself does have value, but how can one monetize that value? I mean, the stock market is completely rigged, so perhaps pretending that the perceived value of a stock is real is foolish for me to believe as well. Still, it’s undeniable that major financial institutions/Other entities are manipulating and controlling the price of the coins. But, the enemy of my enemy are my friends. If I have learned anything over the last few years, it’s to be open in questioning your own beliefs. We shall see.
US Dollar is the currency of choice used by the mafia and the evils that run the world, surely you know how corrupt and evil the fiat system is. In fact, it's far easier to trace illegal transactions on the Blockchain than it is fiat paper cash.
Trump also promotes the vaccines... so there is more to the story I'd say.
You can't comprehend the value of crypto because you don't understand the technology behind it.
The (((Money lenders))) don't like bitcoin
Interesting that Idaho's LT Gov just announced at a recent event that she wants Idaho to become a haven for crypto currency as she campaigns for Gov, with 45s endorsement.
Doesn't mean much if you're going based on 45's rec if 45 is on record as not endorsing crypto.
Yet Melania has endorsed it. 🤔
Lmfao worries about the status of the dollar as the fed reserve currency. Meanwhile printing it into oblivion.
These 9 words have convinced me. Thanks for opening my eyes.
Our government would send money to another species.
The Dollar is as good as dead. They beat the hell out of it, and it's on it's last legs. How they have kept it from completely imploding up to this point I have no idea. But it's only a matter of time before we see complete collapse.
I don't think our Senate has much control over what El Salvador uses as money. Why even waste their time?
JP on YouTube just shilled for BTC in his mass formation psychosis video. I've always assumed he is on our side so... maybe I'm wrong about BTC?
I still prefer ETH and LRC.
That's why I have both Crypto and silver.
I would consider ETH and LRC as analogous to investing in the equities market -- speculative investments basically with all the same pros/cons of a traditional company in the stock market.
ETH is fully centralized, their network runs on AWS, they can change their monetary and governance policy anytime -- when they transition to POS, then the ones with the largest bags wins.
BTC is the only fully decentralized crypto asset in the world at massive scale, it's so not controlled where anyone can use it... even our enemies.
JP also shills for Black Rifle Coffee. He was also wrong about Trump.
Love the guy, but he's not right about everything.
He at least admitted to being wrong about Trump in a long write-up, there's a recent photo of him meeting with him. I was curious about that BRCC bag as it only appeared for a moment at the start of the video. I was looking closely to see if it was even a real bag or a parody one with a fake name.
Not to be crass, but I think you're grasping for straws. (Not a drink pun 😉)
JP has funny content whether he is drinks Black Rifle Coffee or not, but I have to question how deep he researches when he promotes it. That's all.
Well it all depends...if someone thinks BTC is the only crypto that anyone will ever need and all other cryptos offer nothing then yes thats wrong, there are lots of great projects that are using blockchain to improve the way our world works but realizing BTC is an amazing creation that has the most secure network, has been the best performing asset of the last 10 years, and could solve the problems that other stores of value like gold present is something that everyone will have to eventually come to grips with as being true.
If [they] can't control Bitcoin, then why does the price keep tanking?
Because people sell and buy, just like any other financial market...And it doesn't "keep tanking"...If you bought 100$ worth in 2011 it would be worth 3.3 Million today...there are over 17,000 different Cryptocurrencies to choose from...The only ones "controlling" the price is the Whales...(Buying and selling)
You are right. The main vulnerability beyond the downstream security issues of crypto is market manipulation. But that comes with the territory when trading in any type of currency. I believe the key is to diversify money and wealth into different baskets - some here and some there. That way if one is hit in some way, all is not lost. Putting all of one's eggs into a single basket has never been a smart move regardless of the medium of exchange used. This should not be a battle between what is better - this or that. They all come with good points, and all have some weakness. Balance is the key in trying to spread out risk.
Absolutely...Spread the investment.
Take a look at coin360.com for the heat map
They are manipulating the market and liquidated the margins in crypto. They have been doing this for months now desperately. Then the buy the dip before it comes back up.
Yep every big crypto rally is followed a day later by a big dip and then a big pushdown of GME.
I've heard the phrase, "If you don't [blank], you don't own your coin." The GME apes have figured out how to DRS their shares.
What about the Bitcoin equivalent? How do you legit buy Bitcoin to own it yourself?
A matter of perspective.. the fiat value is volatile.
If you denominate Bitcoin to USD then it's a matter of placing buy/sell pressure on the markets. You can't inflate Bitcoin as it's fixed, but you can inflate fiat all the way up. However at some point, there will not be any Bitcoin left.
We need to look past the hype and moonboi narrative.
News of China prohibiting it, news that it might become regulated, etc. They can still manipulate it, but the leverage they have over it is not even close to that which they have over fake dollars.
They can only manipulate it through FUD and the paper markets. They can't directly manipulate Bitcoin.
Alternatively, if they wanted to take control of it by any means necessary to stamp it out, this is exactly what they'd do. And if governments around the world continued to conspire to do so, it becomes a very volatile thing to own.
One cabal faction likes bitcoin, the other does not. Bitcoin is not a WH operation but it is helping to divide the cabal.
Yes, another scam. Reminds me of all the double speak on computer security; of which, there is none.
None of this matters. The next cryptocurrency will be vaxx-free blood and semen and WE are the ATM.
Like we don't have enough problems in the US? I understand that it's the cabal behind the "investigation". Go to the tweet and get everyone to start accusing US of Russia/Ukraine type bullshit.
Hardly. The bunch is just showing their loyalty like a dog.
And this has to happen to bring it officially into the CBDC world. Just for you info: The bridge between crypto and fiat currency is already in place and working. A german inventions.
So no worries. In tie you' ll see crypto be brought into the system officially. Unofficially, many of the fiat/crypto exchanges adhere to local financial regulation.
How many bitcoins can I buy for a dollar?
Why would the US senate care about what kind of currencies El Salvador uses?