Gold must still be transacted in the market place somehow. There will still be a currency you use in the grocery store, or at the gas station.
You can't go around trading physical chunks and flakes of gold for everything. Decentralized Crypto Exchanges, or DEx, allow for financial data and transactions to be in the hands of We the People. FTX was not a DEx, it was a CEx, or Centralized Exchange. Those who want to keep you out of crypto will try to conflate the two and say that the entire system is rotten like FTX. They don't need to ban crypto if they can convince normies that its all a scam.
At present, when you trade for Gold you are still using the Federal Reserve debt based fiat note. If you truly want Gold to destroy the Fed, you must sever all ties to the fiat note and seek alternative means of transacting.
This is rather like the liberals who say they want green energy, and so buy an electric vehicle, only to charge said electric vehicle with a diesel generator.
All crypto is a scam.
u/#wrong
No, actually, it isn't.
"Gold destroys the FED" Last time I checked, crypto isn't physical gold. Keep holding those bags.
Gold must still be transacted in the market place somehow. There will still be a currency you use in the grocery store, or at the gas station.
You can't go around trading physical chunks and flakes of gold for everything. Decentralized Crypto Exchanges, or DEx, allow for financial data and transactions to be in the hands of We the People. FTX was not a DEx, it was a CEx, or Centralized Exchange. Those who want to keep you out of crypto will try to conflate the two and say that the entire system is rotten like FTX. They don't need to ban crypto if they can convince normies that its all a scam.
At present, when you trade for Gold you are still using the Federal Reserve debt based fiat note. If you truly want Gold to destroy the Fed, you must sever all ties to the fiat note and seek alternative means of transacting.
This is rather like the liberals who say they want green energy, and so buy an electric vehicle, only to charge said electric vehicle with a diesel generator.
Good explanation