sadly technology expands in this direction. Consider the rise in car leases. Cell phone upgrade programs. Home rentals (due to more transient living styles, among other reasons of course)
Public transportation. Library cards (now virtual books and audio books)
Think streaming services. I bought my first music cd in like 10 years the other day (Tom Macdonald) and the only reason was because he was trying to cut out the music industry middle man.
Spotify, Netflix, etc are all based on the same principle: people are less willing to pay retail to own something and more willing to pay a smaller fee to have access to the same or similar experience.
The WEF wants to use technology to make an entire globalized technocracy that is more automated and efficient with the lowest possible cost to manufacture and distribute and charge every citizen a small fee to have access to these services.
It’s weird, yes, but a lot of people (including myself) used to think this model was a good thing.
Aka less waste, more reusability, etc.
Obviously this is a giant totalitarian scam. But it’s appealing to the younger wide eyed and naive people who believe their manipulation and lies.
Absolutely right. The hubris of those shitbags is just staggering, alongside how they refer to themselves as "elites". What kind of up yourself, pedophile do you have to be to call yourself an elite. They deserve to burn forever in fiery hell for that kind of vain self-importance - if nothing else.
This is the problem with not holding physical metals. There’s no assurance that they’d be holding the gold to back all of these assets. In time it would begin to resemble the paper silver market here.
I challenge you to exchange the dollar for oil...since it's backed by oil. You can buy it, but you cannot exchange it. People are taking the words "backed by" here wrong.
When the US was on the gold standard you could take a silver certificate into a bank and swap it straight up for physical silver. The gas analogy is terrible.
One of the main reasons gold was decoupled from fiat, was the gold purchasing tax. Once that was removed, buying gold=exchanging for gold. No, it doesn't need to be pegged.
While good, I prefer to have physical in my hands. I've been stacking for years now. I do have some bags of crypto that i've held onto for years now. I'm awaiting a decent spike in the coming month or two, then cashing it out to get more physical.
Crytop and a digital currency are two different things. Just as coins and token are different withing crypto, this is a similar split between digital fiat, and gold backed digital currencies. Yes, even if it uses a block chain.
Here is my understanding on the matter:
Crypto coins = Created by work effort on a unique decentralized block chain.
Crypto tokens(Most common) = Created out of thin air, exist on another assets block chain, or centralized control.
Digital dollars/rubles = Backed by trade assets (gold) created out of labor.
Digital tokens(WEF) = Socialized fiat, created out of thin air, based on theft/debt.
Oh I hope so. I'll feel MUCH better knowing crypto is going to be used along precious metals.
You’d think the WEF cadets would have war-gamed this...
nah, it’ll be fine
sadly technology expands in this direction. Consider the rise in car leases. Cell phone upgrade programs. Home rentals (due to more transient living styles, among other reasons of course)
Public transportation. Library cards (now virtual books and audio books)
Think streaming services. I bought my first music cd in like 10 years the other day (Tom Macdonald) and the only reason was because he was trying to cut out the music industry middle man.
Spotify, Netflix, etc are all based on the same principle: people are less willing to pay retail to own something and more willing to pay a smaller fee to have access to the same or similar experience.
The WEF wants to use technology to make an entire globalized technocracy that is more automated and efficient with the lowest possible cost to manufacture and distribute and charge every citizen a small fee to have access to these services.
It’s weird, yes, but a lot of people (including myself) used to think this model was a good thing.
Aka less waste, more reusability, etc.
Obviously this is a giant totalitarian scam. But it’s appealing to the younger wide eyed and naive people who believe their manipulation and lies.
You forgot the "eating bugs" part. I can't wait until we put them in a special jail, where they can own nothing, be happy, and eat bugs.
Absolutely right. The hubris of those shitbags is just staggering, alongside how they refer to themselves as "elites". What kind of up yourself, pedophile do you have to be to call yourself an elite. They deserve to burn forever in fiery hell for that kind of vain self-importance - if nothing else.
Farts will never not be funny, and smelly ones are among the best.
Okay, back on track.
The guys at the top of the cabal are so inbred, you probably are not too far off with the ass gas thing.
KEK - I'm going to steal this: "You have to be drunk on your own ass gas." Best comment of the day as far as I'm concerned!
Right
“This is fine” 🔥
Digital currency was the WEF's idea. They're loving this.
PAXG is the first actually
This would be one backed by an entire country though.
National Currency... not just another coin/NFT.
Dude Gold is on an amazing bull run. It's down a bit right now, but doin pretty darn well overall.
Wouldn’t it just be valued at the amount of gold it was pegged to?
Likely not, as it'll be sorta Stable since pegged on gold.
I’m gonna buy some. Don’t know how but I’m going to lol
If so, I'd love to be able to get crypto rubles at current exchange rates.
Hopefully will be a good store of value and not made illegal in the U.S. because "russia man bad".
Or gold.
But, carry on. This is YUGE news.
This is the problem with not holding physical metals. There’s no assurance that they’d be holding the gold to back all of these assets. In time it would begin to resemble the paper silver market here.
The same goes for Bitcoin. What's backing that? NADA (fools and $$ come to mind)
I challenge you to exchange the dollar for oil...since it's backed by oil. You can buy it, but you cannot exchange it. People are taking the words "backed by" here wrong.
When the US was on the gold standard you could take a silver certificate into a bank and swap it straight up for physical silver. The gas analogy is terrible.
Because at that time, we were on the Gold Standard, which had our dollars backed by Gold and Silver. I don't see where you'd miss that.
One of the main reasons gold was decoupled from fiat, was the gold purchasing tax. Once that was removed, buying gold=exchanging for gold. No, it doesn't need to be pegged.
I'm sure it will work exactly like that in Russia at least.
What about Theta? Are you looking at that? Holding? I keep hearing Road to Roota talking about it, but can't figure out how to get some (in the US).
Would appreciate your thoughts? Also qq: of the ones you've listed, which are the "top 3" that you would recommend and why?
I personally hold a lot of THETA but it'd been a dog for me. I invest for the long term, tho, but.
While good, I prefer to have physical in my hands. I've been stacking for years now. I do have some bags of crypto that i've held onto for years now. I'm awaiting a decent spike in the coming month or two, then cashing it out to get more physical.
No love for kinesis? My personal favorite project and the small divided it pays is a nice bonus
Crytop and a digital currency are two different things. Just as coins and token are different withing crypto, this is a similar split between digital fiat, and gold backed digital currencies. Yes, even if it uses a block chain.
Here is my understanding on the matter:
Updooted by people who recognize the value and differences of BOTH PM and CYC.
Downdooted by poor fools who only have cryptos (probably 100% Doge - kek)