Crypto isn't backed by any normal asset. It's backed by the perceived value of having a secure, trustless, permissionless system. It's not fiat, not even close.
It's just a data tracking system.
Crypto investors are fucking idiots.
They buy large sums of the tool to fuck the cabal and trade it against fiat like a bunch of retards.
Like shit, buy a damn pizza with your crypto.
See if your electrician will accept crypto.
Repay your buddy for lunch with crypto.
Do anything with it other than trade it on an exchange.
It's not rocket science.
It's an citizen derived alternative financial system.
So is gold, so is silver, so is copper, so is gems, so is jewelry.
What matters is that it's not government.
But if money is going to pass through the internet and that is going to be fair and non-government it must be crypto.
Trading and investing crypto on an exchange is stupid.
I keep telling you this and you keep pretending that I'm not saying that.
It's not an in investment, it's not a stock, it's not some asset class.
Stop pretending I'm telling you to invest in crypto.
I'm telling you that crypto is the only method of transacting digitally that is secure enough to be an acceptable way to transact digitally.
I am telling you that every other option for digital transaction is unacceptably insecure.
I am not telling you gold is bad.
I am not telling you cash is bad.
I am telling you CBDC is bad.
I am telling you that the current popular digital money tracking system is easily hacked and manipulated.
Blockchain technology is the only secure method of data tracking that we have in digital space. The next most secure method is the current financial system, it's vulnerable to all kinds of fun hacks like "double spend" attacks. Blockchain is not vulnerable to that.
Blockchain is designed to be vulnerable to a very specific kind of attack as the only kind of attack that works called a 51% attack.
The conditions for launching a 51% attack requires real world hardware and energy. You can't just use clever timing and programming like with the current digital finance system.
Cash in hand is always better than digital. But you are going to transact digitally somehow at some point on an online store, it doesn't matter that your currency is backed by gold, if it isn't tracked with blockchain, fraud is virtually guaranteed.
I am telling you what the best digital transaction system is, nothing more nothing less.
I'm an not telling you digital is better.
I am just telling you that the most fraud resistant digital system is the best digital system.
Exchanges are external to crypto networks. They are not secure, they don't run on blockchain.
A blockchain is only self secure, everything external to itself is not guaranteed.
Exchanges engage in off ledger transactions, basically fraud.
That's good too.
You don't have to use crypto.
Just stop using government money.
Crypto isn't backed by any normal asset. It's backed by the perceived value of having a secure, trustless, permissionless system. It's not fiat, not even close.
It's just a data tracking system.
Crypto investors are fucking idiots.
They buy large sums of the tool to fuck the cabal and trade it against fiat like a bunch of retards.
Like shit, buy a damn pizza with your crypto.
See if your electrician will accept crypto.
Repay your buddy for lunch with crypto.
Do anything with it other than trade it on an exchange.
It's not rocket science.
It's an citizen derived alternative financial system.
So is gold, so is silver, so is copper, so is gems, so is jewelry.
What matters is that it's not government.
But if money is going to pass through the internet and that is going to be fair and non-government it must be crypto.
Like I said what matters is that it's not government money.
Yes, digital money is always worse than cash in hand.
That is not what we are talking about.
The only digital money that is secure is crypto, if you don't trust it, become a miner and help run it.
That's what I do.
I physically help run the system.
If you don't do digital, that's fine.
But if you do digital, anything other than crypto is trash.
You're still talking about traders and investors.
Trading and investing crypto on an exchange is stupid.
I keep telling you this and you keep pretending that I'm not saying that.
It's not an in investment, it's not a stock, it's not some asset class.
Stop pretending I'm telling you to invest in crypto.
I'm telling you that crypto is the only method of transacting digitally that is secure enough to be an acceptable way to transact digitally.
I am telling you that every other option for digital transaction is unacceptably insecure.
I am not telling you gold is bad. I am not telling you cash is bad.
I am telling you CBDC is bad. I am telling you that the current popular digital money tracking system is easily hacked and manipulated.
Blockchain technology is the only secure method of data tracking that we have in digital space. The next most secure method is the current financial system, it's vulnerable to all kinds of fun hacks like "double spend" attacks. Blockchain is not vulnerable to that.
Blockchain is designed to be vulnerable to a very specific kind of attack as the only kind of attack that works called a 51% attack.
The conditions for launching a 51% attack requires real world hardware and energy. You can't just use clever timing and programming like with the current digital finance system.
Cash in hand is always better than digital. But you are going to transact digitally somehow at some point on an online store, it doesn't matter that your currency is backed by gold, if it isn't tracked with blockchain, fraud is virtually guaranteed.
I am telling you what the best digital transaction system is, nothing more nothing less.
I'm an not telling you digital is better.
I am just telling you that the most fraud resistant digital system is the best digital system.
Exchanges are external to crypto networks. They are not secure, they don't run on blockchain.
A blockchain is only self secure, everything external to itself is not guaranteed.
Exchanges engage in off ledger transactions, basically fraud.