The value of everything is literally determined by supply (scarcity) and demand.
You could apply the same logic to gold. But you’ll then argue that gold has industrial applications, which is also true for btc. Bitcoin, a decentralized, peer to peer ledger, is quite literally the best solution for ending the DS central banking system. They’ll try a rugpull by trying to displace btc with CBDCs, but ultimately NCSWIC.
Banks are over leveraged on many fronts - including but not limited to paper silver. This will be what causes the collapse, but isn’t a solution in itself. A decentralized ledger like btc offers a viable alternative to central banking, and therefore, is a crucial stepping stone towards an actual solution.
Btc doesn’t need to be backed by gold. Scarcity is built into the protocol.
And it gets even scarcer when the power is out or we get an EMP. Gold and silver don't have those problems.
We are rapidly approaching a magnetic flip which will have our solar shields down as we go through 23'-25' solar cycle maximum.
But it has never affected life in the past.
Look up solar minimums. It does affect life, it massively shifts migration patterns, farming zones, fishing, etc
Oh not this shit again
It‘s called math. And yeah, again.
Beginning In 2025 Central banks will be allowed to have up to 2% of their reserves in Crypto. Discussed here https://youtu.be/zLCv5fT7QlA
Oh good, another reason for central banks to fail.
Crypto is deflationary. In an inflationary environment it is going to do well, as will gold/silver.
The no-coiners word for Bitcoin facts?
At least you're backing the MSM / central banker's POV. I wonder if maybe your alarm bells are defective, as well as your etiquette.
All crypto are ultimately backed by fiat, greed, and delusions of grandeur. Go buy some precious metals, dweeb.
Pet-rock projectionist. Lost cause.
I have gold, silver and diversity.
But some people like bars to rub against their thighs. You know who you are.
So easily dispossessed.
Scarcity isn't worth shit if nobody wants them
The value of everything is literally determined by supply (scarcity) and demand.
You could apply the same logic to gold. But you’ll then argue that gold has industrial applications, which is also true for btc. Bitcoin, a decentralized, peer to peer ledger, is quite literally the best solution for ending the DS central banking system. They’ll try a rugpull by trying to displace btc with CBDCs, but ultimately NCSWIC.
I say silver is what destroys the central banks
Banks are over leveraged on many fronts - including but not limited to paper silver. This will be what causes the collapse, but isn’t a solution in itself. A decentralized ledger like btc offers a viable alternative to central banking, and therefore, is a crucial stepping stone towards an actual solution.
It doesn’t. But it’s always good to have a sovereign nation making a currency redemption in solid asset.
It gives an air of legitimacy to the holdouts.
Buffet and munger can’t say btc isn’t backed by anything as a sleight.