Our fractional reserve system is indeed a diabolical prison. However, I fear that Bitcoin may be just as bad in the end. I'll stand pat on tangible assets like land, gold, silver and such. Best of luck to you though fren.
Correct they oligarchs manipulate The theft and price manipulation of gold. Gold has been stolen from the people in the past just look up Executive order 6102. They bought back the goal from the people at $20 once that was complete they revalued gold at $36. And gave you paper money.
Fractional reserve banking still takes place on Crypto exchanges. How do you ensure the crypto you own can be stuffed underneath your mattress? A fraction reserve spending encrypt still is taking place, what happens when the music stops? Yes this is happened twice already this year, once with Luna and Celcius. There are solutions for you to self custody and hold your assets off the exchange.
Blockchain is it's Power. The bitcoin blockchain is the most secure database in the world. In fact we would be wise to embrace it and use it to secure our elections. Paper ballots alone can be hacked.. 2000 mules right? Paper ballot plus blockchain is unhackabke
I love this place but the ignorance behind bitcoin, which is not a crypto currency!, is breathtaking
Doesn't matter if they control the devices we use to access it. Digital currency is the worst idea ever if you don't trust the Government. They could disconnect us in an instant.
I knew a chemist. For a while he was always upset at people calling food organic, noting that inorganic food was impossible in chemistry terms. Being a reasonable guy, he learned to accept it and got over it as the trend grew. In that way bitcoin has pretty much become the definition of cryptocurrency.
I understand the difference between blockchain and currency. But I'm not sure what the definition of cryptocurrency is. Isn't it simply currency that is not centrally controlled? Honest question.
Two methods to support the net work, proof of work, and proof of stake. Proof of work is decentralized which is protected by the number of nodes, you need 51% control to manipulate the network. Proof of stake centrally controlled. Meaning controlled by the few therefore all you need is 51% control to manipulate change modify and steal.
Your asset is protected by the world‘s largest distributed global proof of work Computer nodes. You can run your own Node on your home network on a laptop. Think of the Proof of Work is like limewire to Insure, validate the network security and transparency.
I get that. I'm a big proponent of blockchain as being secure. But the fact that there's no army to ensure you can always exchange your coin for food or heat is a real weakness, despite the strength of its digital distributed accountability.
Compare bitcoin to a hypothetical coin, say Mormoncoin, where the Mormon church would guarantee to the best of their ability that you could always exchange ten coins for a bicycle, a starched shirt and a week's worth of potatoes, at any temple in the world: wouldn't that coin, if otherwise identical to bitcoin, be better by virtue of having a physical force behind it?
That's the argument he's making, the way I read it.
Yes there are 20k coins introduced to the market trying to take down the king. All those coins introduced after BTC are centrally controlled they have a team of people And a CEO. Those bozo coins, are most likely the template created from the Ethereum Netwerk. Which is moving to proof of stake, September 15, 2022. All those coins can be manipulated for theft.
BTC is protected by The Decentralized Network, Which runs in China Brazil India United States, One in my basement or yours. You can centrally store your crypto off exchange run it off the node in your basement like your own private bank. And no one can stop you from spending it. Think about that.
A node is a running copy of the blockchain. You will not make money on it. However you maintain a copy you can get one at bitcoin.org. To make money you will need a ASIC miner cost around 5k and connect with to a mining pool.
Again is the Gestapo knocks on your door steals your node they will not have access to you BTC because it stored in the block chain, in the BTC White paper is called a time chain. You get out of jail you standup another node or login with your seed password and Bingo you have your BTC. Over simplified but that’s how it works.
In this world of lies and scams there's only one Truth.
The only thing you truly own is what you hold in your hands.
And what you own is only as useful as what it can do on its own.
Can you till earth with a flashdrive?
Can you fill your belly with paper rectangles?
Without checking the internet, how many loaves of bread is a gold coin worth?
The only thing that Truly has value is that which Moves the Earth.
When the electronics and systems of Man fail, what truly matters is being able to support yourself in what Nature deems as useful for survival.
Tools, my frens.
Tools are the only thing worth investing in.
When things cease to be useful as tools, whether they become obsolete or the systems cannot support their use, they are worth nothing more than dust and rocks. In fact, they are worse less than even that, for even dust and rocks can be used to build.
And now comes the most important lesson.
You are a Tool of God.
Invest in yourself. Invest in knowledge and understanding. Learn to do without. Learn to see things as the sum of their parts. To reveal the functions therein. Take nothing for granted, especially your capacity to discover the True Worth of all things.
Fiat system is bullshit I agree, but I don’t like crypto / BTC / digital currency either. I don’t like the idea of currency that requires the internet, or electricity for that matter. Even further, I’d like to go back to pre-internet days altogether. Think 1830s small communities, 40 acres and a mule type of thing. Yeah I’d miss you fuckers but it’s become too corrupted and too much of a distraction in general. On the point of corruption, how does digital currency not become co-opted by bad actors? A super top secret uncrackable blockchain database? Guess I’m a “regressionist” and would like to return to an agrarian, self sufficient lifestyle. Mid-range millennial here btw. I applaud the BTC dudes for wanting to crash the fed and end the fiat slave system, just not convinced this is the way to go. Barter system FTW
I too dream of a wonderful Paradise being a self-sufficient on a farm. However the world is going to move on without us. This conversation is only to get you thinking. It up to you. However in the future you will look back and remember this conversation. May pease be with you 🐸 fren
But perhaps, in stead of looking forward, we need to look back and see what we can learn from other solutions, before jumping on the bandwagon of more digital control.
I am not against CC, but the way it is implemented is not something I consider very smart. It seems a giant trap to me. Especially, when plotting the money flows and prices over these last 2 years, there is a suspicion that the current crypto universe is just as much part of the system, due to being sucked into it. Why else would blackrock start offering crypto to its customers, knowing that Larry' s shop is using an AI to which all major traders/ marketmakers are hooked up onto......
There is hours and hours of history to research in regarding to the financial spectrum. We need to look through history to find out how we trade it value beads shells salt silver gold precious metals fiat dollars. I agree this history alone could consume multiple threads.
I commented there and provided several links to documents helping to understand how it works.
Consider this:
Start of USA? Articles of Confederation vs Constitution. What is the difference? Who is Hamilton? How much debt? Who owned the debt? Who could be more forceful regarding the debt?
Start of the Republic of the 7 Provinces. Why did it end? (As a start: See my post here: https://greatawakening.win/p/15JTbBnmbx/x/c/4OcRBlVdgEG). Who owned the debts?
See book: Fighting terror after Napoleon - Beatrice de Graaf.
What really happened at the peace conference in Vienna? (tip: debt regulation/ restructuring with land as a security)
Now we have a view of where France was after 1814.
What happened to the UK? Rothschild Coup? How much debt.
Read: History of Central Banking and the enslavement of mankind.
With this in mind: what happened to China, Philippines, Mexico, Argentina, etc. Same old same old.
In all mentioned jurisdictions Silver was demonetized at the favor of a single metal standard: Gold standard, which was planned to be broken anyway. Now we see a 1:90 in a Gold to Silver Ratio, and Silver needing 350 contracts to keep the price down. The 8000 year balance of 1:15 is gone.
Its too easy to control and bitcoil wont be what everyone turns to. It will be government controlled digital.
Its pretty simple. The government cant shut.off my cash or prevent me doing anything with that cash. Fiat or not. Gold backed or not. They cannot control it 100%. Digital they can and will. They wont shift anyone to a new system unless they can control it and us in the process.
The general idea of capitolism vs socialism applies here as well. If those who are corrupt are in control no new system will be without corruption as its born from it.
There’s a major discussion taking place. Follow Senator Catherine Lummis from Wyoming a WH. In a nutshell crypto‘s that run on proof of work are considered commodities, crypto that run on proof of steak is considered a security. Think about that for a second.
The only thing people need to honestly discuss is this. As long as there is a currency based society. There will be those at the top and those at the bottom. Those at the top will always have power through volume of what ever currency is in use. Switching to anything from fiat just allows those with abundance to transfer that wealth over to the new system and retain status. Retaining their power over everything.
They will control the volume of coin available, they will control access to it. They will control all real world goods and services dependent upon it.
A worthy conversation would be the people of the world waking up to the truth. We get rid of all currency we are free. Anything less is slavery in different name only.
You bring up great points. Currencies are centrally controlled. Proof of steak is centrally controlled. If a crypto has a CEO it is centrally controlled.
Absolute scarcity of an asset. Is a critical value.
Great comment by someone apparently in Space Force?
When I first got into crypto I researched all the algorithms and of the ones that perform as currency/money I was most impressed by Monero's. It is privacy minded and most importantly with respect to this post, it has:
accessible proof of work
Meaning, the average desktop PC can mine Monero productively and contribute to its security. It is the monetary equivalent of every person having a gun in their home.
This whole concept is intriguing. It's digital, and yet there is a physical process involved. I keep hearing about the amount of electricity it takes to make this digital currency.
Our fractional reserve system is indeed a diabolical prison. However, I fear that Bitcoin may be just as bad in the end. I'll stand pat on tangible assets like land, gold, silver and such. Best of luck to you though fren.
They manipulated the value of gold and silver for centuries.
Yep, but they won't be able to control anything much longer. The whole shit show scam is collapsing before our eyes.
Correct they oligarchs manipulate The theft and price manipulation of gold. Gold has been stolen from the people in the past just look up Executive order 6102. They bought back the goal from the people at $20 once that was complete they revalued gold at $36. And gave you paper money.
Fractional reserve banking still takes place on Crypto exchanges. How do you ensure the crypto you own can be stuffed underneath your mattress? A fraction reserve spending encrypt still is taking place, what happens when the music stops? Yes this is happened twice already this year, once with Luna and Celcius. There are solutions for you to self custody and hold your assets off the exchange.
This argument does not help bitcoin... as it has no physical power behind it. Just a rule set.
Blockchain is it's Power. The bitcoin blockchain is the most secure database in the world. In fact we would be wise to embrace it and use it to secure our elections. Paper ballots alone can be hacked.. 2000 mules right? Paper ballot plus blockchain is unhackabke
I love this place but the ignorance behind bitcoin, which is not a crypto currency!, is breathtaking
Agreed. So many people continue to conflate Bitcoin to DS, CBDC nonsense.
Doesn't matter if they control the devices we use to access it. Digital currency is the worst idea ever if you don't trust the Government. They could disconnect us in an instant.
If they want to start an apocalypse and make all of us literally go out and lynch these bastards, then sure.
That's not going to happen though.
I knew a chemist. For a while he was always upset at people calling food organic, noting that inorganic food was impossible in chemistry terms. Being a reasonable guy, he learned to accept it and got over it as the trend grew. In that way bitcoin has pretty much become the definition of cryptocurrency.
I understand the difference between blockchain and currency. But I'm not sure what the definition of cryptocurrency is. Isn't it simply currency that is not centrally controlled? Honest question.
Two methods to support the net work, proof of work, and proof of stake. Proof of work is decentralized which is protected by the number of nodes, you need 51% control to manipulate the network. Proof of stake centrally controlled. Meaning controlled by the few therefore all you need is 51% control to manipulate change modify and steal.
Your asset is protected by the world‘s largest distributed global proof of work Computer nodes. You can run your own Node on your home network on a laptop. Think of the Proof of Work is like limewire to Insure, validate the network security and transparency.
I get that. I'm a big proponent of blockchain as being secure. But the fact that there's no army to ensure you can always exchange your coin for food or heat is a real weakness, despite the strength of its digital distributed accountability.
Compare bitcoin to a hypothetical coin, say Mormoncoin, where the Mormon church would guarantee to the best of their ability that you could always exchange ten coins for a bicycle, a starched shirt and a week's worth of potatoes, at any temple in the world: wouldn't that coin, if otherwise identical to bitcoin, be better by virtue of having a physical force behind it?
That's the argument he's making, the way I read it.
Yes there are 20k coins introduced to the market trying to take down the king. All those coins introduced after BTC are centrally controlled they have a team of people And a CEO. Those bozo coins, are most likely the template created from the Ethereum Netwerk. Which is moving to proof of stake, September 15, 2022. All those coins can be manipulated for theft.
BTC is protected by The Decentralized Network, Which runs in China Brazil India United States, One in my basement or yours. You can centrally store your crypto off exchange run it off the node in your basement like your own private bank. And no one can stop you from spending it. Think about that.
Is that mining? How do you do that, set up a node on your own computer? Do you make money this way?
A node is a running copy of the blockchain. You will not make money on it. However you maintain a copy you can get one at bitcoin.org. To make money you will need a ASIC miner cost around 5k and connect with to a mining pool.
Again is the Gestapo knocks on your door steals your node they will not have access to you BTC because it stored in the block chain, in the BTC White paper is called a time chain. You get out of jail you standup another node or login with your seed password and Bingo you have your BTC. Over simplified but that’s how it works.
In this world of lies and scams there's only one Truth.
The only thing you truly own is what you hold in your hands.
And what you own is only as useful as what it can do on its own.
Can you till earth with a flashdrive?
Can you fill your belly with paper rectangles?
Without checking the internet, how many loaves of bread is a gold coin worth?
The only thing that Truly has value is that which Moves the Earth.
When the electronics and systems of Man fail, what truly matters is being able to support yourself in what Nature deems as useful for survival.
Tools, my frens.
Tools are the only thing worth investing in.
When things cease to be useful as tools, whether they become obsolete or the systems cannot support their use, they are worth nothing more than dust and rocks. In fact, they are worse less than even that, for even dust and rocks can be used to build.
And now comes the most important lesson.
You are a Tool of God.
Invest in yourself. Invest in knowledge and understanding. Learn to do without. Learn to see things as the sum of their parts. To reveal the functions therein. Take nothing for granted, especially your capacity to discover the True Worth of all things.
Fiat system is bullshit I agree, but I don’t like crypto / BTC / digital currency either. I don’t like the idea of currency that requires the internet, or electricity for that matter. Even further, I’d like to go back to pre-internet days altogether. Think 1830s small communities, 40 acres and a mule type of thing. Yeah I’d miss you fuckers but it’s become too corrupted and too much of a distraction in general. On the point of corruption, how does digital currency not become co-opted by bad actors? A super top secret uncrackable blockchain database? Guess I’m a “regressionist” and would like to return to an agrarian, self sufficient lifestyle. Mid-range millennial here btw. I applaud the BTC dudes for wanting to crash the fed and end the fiat slave system, just not convinced this is the way to go. Barter system FTW
I too dream of a wonderful Paradise being a self-sufficient on a farm. However the world is going to move on without us. This conversation is only to get you thinking. It up to you. However in the future you will look back and remember this conversation. May pease be with you 🐸 fren
I approve of this message ...
The MODs need to make BTC discuss sticky. We need open conversation about the money system.
Indeed, that is one of paramount importance.
But perhaps, in stead of looking forward, we need to look back and see what we can learn from other solutions, before jumping on the bandwagon of more digital control.
I am not against CC, but the way it is implemented is not something I consider very smart. It seems a giant trap to me. Especially, when plotting the money flows and prices over these last 2 years, there is a suspicion that the current crypto universe is just as much part of the system, due to being sucked into it. Why else would blackrock start offering crypto to its customers, knowing that Larry' s shop is using an AI to which all major traders/ marketmakers are hooked up onto......
Something is smelling badly in Danmark.
There is hours and hours of history to research in regarding to the financial spectrum. We need to look through history to find out how we trade it value beads shells salt silver gold precious metals fiat dollars. I agree this history alone could consume multiple threads.
I would recommend to start with this thread:
https://greatawakening.win/p/15JTfjMlVq/presidential-executive-order-610/
I commented there and provided several links to documents helping to understand how it works.
Consider this: Start of USA? Articles of Confederation vs Constitution. What is the difference? Who is Hamilton? How much debt? Who owned the debt? Who could be more forceful regarding the debt?
Start of the Republic of the 7 Provinces. Why did it end? (As a start: See my post here: https://greatawakening.win/p/15JTbBnmbx/x/c/4OcRBlVdgEG). Who owned the debts? See book: Fighting terror after Napoleon - Beatrice de Graaf. What really happened at the peace conference in Vienna? (tip: debt regulation/ restructuring with land as a security)
Now we have a view of where France was after 1814.
What happened to the UK? Rothschild Coup? How much debt. Read: History of Central Banking and the enslavement of mankind.
With this in mind: what happened to China, Philippines, Mexico, Argentina, etc. Same old same old.
In all mentioned jurisdictions Silver was demonetized at the favor of a single metal standard: Gold standard, which was planned to be broken anyway. Now we see a 1:90 in a Gold to Silver Ratio, and Silver needing 350 contracts to keep the price down. The 8000 year balance of 1:15 is gone.
Is there anything less physical than bitcoin
We fight for a lot of thing that are not physical. Health, freedom and time. Yes you can measure them, the same applies to BTC.
Its too easy to control and bitcoil wont be what everyone turns to. It will be government controlled digital.
Its pretty simple. The government cant shut.off my cash or prevent me doing anything with that cash. Fiat or not. Gold backed or not. They cannot control it 100%. Digital they can and will. They wont shift anyone to a new system unless they can control it and us in the process.
The general idea of capitolism vs socialism applies here as well. If those who are corrupt are in control no new system will be without corruption as its born from it.
There’s a major discussion taking place. Follow Senator Catherine Lummis from Wyoming a WH. In a nutshell crypto‘s that run on proof of work are considered commodities, crypto that run on proof of steak is considered a security. Think about that for a second.
The only thing people need to honestly discuss is this. As long as there is a currency based society. There will be those at the top and those at the bottom. Those at the top will always have power through volume of what ever currency is in use. Switching to anything from fiat just allows those with abundance to transfer that wealth over to the new system and retain status. Retaining their power over everything.
They will control the volume of coin available, they will control access to it. They will control all real world goods and services dependent upon it.
A worthy conversation would be the people of the world waking up to the truth. We get rid of all currency we are free. Anything less is slavery in different name only.
You bring up great points. Currencies are centrally controlled. Proof of steak is centrally controlled. If a crypto has a CEO it is centrally controlled.
Absolute scarcity of an asset. Is a critical value.
Proof of Stake, fren. xD Proof of Steak gives tasty bits a new meaning.
GOLD will destroy the Fed.
Crypto is not the way.
Yes, 17 said those famous words. He also said A lot of miss leading words on purpose.
Is the world getting more digital or less? Nothing can stop what is coming.
More......right up to the moment it becomes none.
At that point if it isn't in your hand it isn't yours.
Fiat is fake money. That will go to zero first.
Great comment by someone apparently in Space Force?
When I first got into crypto I researched all the algorithms and of the ones that perform as currency/money I was most impressed by Monero's. It is privacy minded and most importantly with respect to this post, it has:
accessible proof of work
Meaning, the average desktop PC can mine Monero productively and contribute to its security. It is the monetary equivalent of every person having a gun in their home.
This, Monero is an excellent project to get behind.
This whole concept is intriguing. It's digital, and yet there is a physical process involved. I keep hearing about the amount of electricity it takes to make this digital currency.
That’s the lie I’m sure visa and MasterCard DataCenter consumer equal if not more.