Right now, we exchange USD for crypto. What if the currency collapses? How would you buy? Can’t spend USDs… so what do you do? Gotta eat!
The only way it could work (a transition) is to allocate bitcoin to everyone… if you have it and we don’t! We need something to trade with … to exchange. Hey I’m not giving up my land or house for it! So what funds this transit? A fair estimate of global assets held by and controlled by… all the folks that met in Davos last week! Safe estimate that’s about 3-4 hundred trillion!!
They think they alone run the world (their own proclamation). No problem, Yea, we get that. But sorry, we’re taking it back to fund a much better model. We’ve now seen yours and it sucks. Seriously sucks!
Trump put the legal framework in place to seize it all before he left. So no worries about survival… there really is plenty for all to build a much better place than what these deranged folks ARE doing.
Precipice? Views aren’t bad at all. The criminal mind isn’t the architect nor the artist of the view on the other side. Excited yet?
Crypto will have 0 dollars of assets after they are drained. Average joes dont old a single percent of any coin. Bitcoin for example is held almost entirely by four private chinese pools. Very centralized.
You are missing the point. Infuse any current doesn’t matter which, with 500 trillion in assets and it’s more than enough for all.
They will all be drained to live another day in the gamestop saga. Look at the huge sell offs. They happen simultaneously across all coins.
The elite own all crypto and charge you a fee to play their game.
Each Bitcoin transaction consumes 1,173 kilowatt hours of electricity. That's the volume of energy that could "power the typical American home for six weeks,".
What is the benefit of a digital currency? There just isnt one.
Gold backed cash is all we need.