Crypto cannot be used for anything. It has no intrinsic value.
Gold, silver, platinum, etc. have intrinsic value. You can melt them down for industrial purposes. You can turn them into weapons. You can barter with metals. Silver has antibiotic properties. You can put silver in water and it will kill pathogens and enable long-term storage.
What legitimate purpose does Bitcoin hold? Invisible digital currency? Backed by what?
This deranged crypto bro movement is baffling to me. I'm not even a luddite; I love new technology. But crypto never made sense. It's not tied to ANYTHING tangible. I can't hold it in my hand. If I can't access my ledger, it's GONE FOREVER from my possession. I can't store BTC / Crypto under my mattress.
If someone asks me to give up an ounce of gold for a single BTC, I would laugh in their face.
Crypto makes a lot of sense if you understand the 2008 financial crisis and also when you look at all of the unbanked and underbanked people in the world.
Yes, but you cannot store gold inside your brain either.
Bitcoin you can store inside your own brain.
Once you understand the technology and why THAT is unique and special, then you will understand that Bitcoin is NOT an investment or some kind of exotic diGitAL aSseT which gets bought/sold/valued in terms of [their] fiat, which is what the banksters will have you believe.
Bitcoin is the global silent revolution whereby you can take your financial life into your own hands and STOP enabling the banksters in quenching [their] thirst for our children's blood.
IF you are still in [their] system] storing your savings in [their] money, thinking in terms of [their] fiat (as in everything eventually boils down to being of a particular numerical value denoted in USD), then [they] own you. You are [their] little bitch.
Gold is great, buy it, go right ahead. But buy it with what? Dollars? You just enabled [them] and are aprtly responsible for a child going missing every 4 seconds.
Buy your stuff (gold, silver) with BTC, store your liquidity inside your own brain with BTC.
Bitcoin is not in competition with things, with stuff. Like gold, sliver, real estate. IT is in competition with the entire globalist bankster sytem.
Educate yourself, so you won't be so confused.
INVEST 5 hours of your life into watching Andreas Antonopoulos videos, so you'll be better informed and al least understand what Bitcoin is and what it isn't
Gold you can bury in your back yard, but cannot store in your own brain.
Bitcoin you can store in your own brain, but cannot bury in your back yard.
Different uses for different things.
it's all pegged to the dollar. If it wasn't, we wouldn't care if BTC went up 20k. 20k what? 20k dollars? Why does anyone care if it goes up or down if it's supposed to be "beyond the dollar"?
How do you get BTC in the first place? How is it exchanged?
edit:
"Once you understand the technology and why THAT is unique and special, then you will understand that Bitcoin is NOT an investment or some kind of exotic diGitAL aSseT which gets bought/sold/valued in terms of [their] fiat, which is what the banksters will have you believe.
Bitcoin is the global silent revolution whereby you can take your financial life into your own hands and STOP enabling the banksters in quenching [their] thirst for our children's blood."
This sales pitch does nothing to convince me what Bitcoin actually DOES that Gold and Silver cannot, as BIBLICALLY, they are the only currencies given to man by GOD which have lasted THOUSANDS of years with the same intrinsic value.
Fuck the FED and the Banking cartel and the Media. I KNOW what value Gold and SIlver holds.
What are the characteristics of money?
There are six key characteristics of money, and those are:
Durability
Money is relatively durable, and though it can be easily destroyed if that’s your intention, bills and coins tend to remain in circulation for several decades. What’s more, they can be easily replaced when they do become worn.
Portability
No matter how you choose to carry your money — whether you stuff it inside a wallet or leave it in the bank and use a debit card to spend it — it’s easily transportable. You can take your money with you wherever you go.
Uniformity
Every U.S. citizen recognizes a $1 because all of them are the same size and shape and feature a similar design. The same can be said for every other denomination of U.S. currency. This gives money uniformity and ensures there’s no confusion between buyer and seller.
Divisibility
Traditional currencies can be broken down into different denominations. If you’re in the U.K., for instance, a £50 note can be split into two £20 notes and one £10 note; five £10 notes or ten £5 notes. This obviously makes transacting much easier — and helps with portability.
Acceptability
One of the most important characteristics of money is that it is accepted everywhere and by everyone. No matter what you want to buy, it’s money you’ll need in most cases. And if you’re selling, you typically expect money in return. There are exceptions to this, of course — like when you swap certain goods for other goods — but that’s not common practice.
Scarcity
Finally, money is in limited supply or scarce. Although new notes and coins are minted into circulation all the time, there are tight controls over how much can be in use at any one time. Governments and central banks don’t just print as much as they like. This ensures money maintains its value and goes some way toward keeping inflation under control.
What are the characteristics of Bitcoin?
In the same way Bitcoin shares many of the same functions as money, it also shares many of the same characteristics. It is durable, portable, uniform, divisible, and in limited supply. The only thing Bitcoin falls behind on at the moment is acceptability. While adoption has grown significantly over the years, Bitcoin still isn’t widely accepted like money is.
Again, however, Bitcoin has some characteristics that money does not have, including decentralization, transparency, and immutability. Bitcoin is also resistant to some of the changes money is sometimes susceptible to, such as revisions to its design or the discontinuation of a certain denomination.
What are the advantages of Bitcoin over money?
As you may have already picked up on by now, there are certain things that make Bitcoin superior to traditional cash. It is not only impossible to counterfeit, but its decentralized nature makes it more secure and more affordable. If you send money to a friend in another country, for instance, it will be cheaper and significantly faster to do it in Bitcoin.
Decentralization also makes Bitcoin totally transparent. Anyone can see a Bitcoin transaction on the blockchain — and even find out how much Bitcoin certain wallets are holding. However, it is not possible to see the identity of the people involved in those transactions or the owners of those wallets, which makes Bitcoin more anonymous than money.
Bitcoin is also absolutely finite in that it is impossible to replace or replicate BTC, and more difficult to lose (assuming you’re careful with it). Furthermore, Bitcoin is global in a way that no other currency has ever been before. It is available in every country, operates the same way in every country, and has the same value in every country.
What are the advantages of money over Bitcoin?
Money’s biggest advantage over Bitcoin is, of course, its acceptability. No matter what you’re buying or where you’re buying it, money will be accepted. Sadly, the same cannot be said for Bitcoin just yet. Although adoption is growing and Bitcoin is accepted by some of the world’s biggest merchants, it is nowhere near as ubiquitous as traditional fiat currencies. (Other recently developed tech like LoopRing has already adopted fiat on and off ramps however which in large part solves this problem.)
I'm using bitcoin as ONE example. The advantages of blockchain tech are MASSIVE.
This book was written by high ranking military officer that the government sent MIT to study this very topic. It's a very interesting read. The strategic advantages of using cryptocurrency and decentralizing the creation of money and separating it from government is massive.
You can probably find free PDF versions of this book or potentially check it out digitally from your local library.
Soon powerful people in the US government will come out and say Bitcoin is a threat to national security.
And this book will be used to crush that narrative.
If we can't look at history and learn from it, the same cons are reinvented over and over again. One thing for sure is that gold has always had intrinsic value. The fractional reserve system is nothing, but a giant Ponzi scheme having the same exact characteristics. #1) Willing dupes to start with. #2) an ever increasing supply of new dupes coming into the system, and #3) Keep changing the rules is helpful (Move the goal posts). One of the characteristics of a Ponzi scheme is that it must constantly keep growing (accelerate) in order from collapsing. As it grows, it accelerates its growth, ever increasing demands are required, and the frequency of demands accelerates until it becomes unmanageable. The system needs to become increasingly unfettered. This is where the FRS is today.
The purpose that it holds is that it's issuance is predictable and there is a max amount that will ever be issued. It's controlled by mathematics and not human beings that might corrupt the system.
You can send any amount of value from anywhere in the world if you have internet access but even with radio signals you could send Bitcoin.
The network is decentralized so very robust and what happened in 2008 can't happen to Bitcoin.
Also don't forget that there are way more people in the world without access to banking or to good banking, than people that have full access to banking services. You might not have a need for it, but Kenya's Mpesa system (people exchanging calling minutes for payment) shows that there definitely is a need for something like Bitcoin.
Crypto is limited, but you can buy things with it, mainly online transactions so far as I'm aware. Even the place I buy silver from accepts crypto.(I pay by check)
Crypto cannot be used for anything. It has no intrinsic value.
Gold, silver, platinum, etc. have intrinsic value. You can melt them down for industrial purposes. You can turn them into weapons. You can barter with metals. Silver has antibiotic properties. You can put silver in water and it will kill pathogens and enable long-term storage.
What legitimate purpose does Bitcoin hold? Invisible digital currency? Backed by what?
Which is why they want people all gung ho for it. Get everyone on board then pull the rug out from underneath them.
This deranged crypto bro movement is baffling to me. I'm not even a luddite; I love new technology. But crypto never made sense. It's not tied to ANYTHING tangible. I can't hold it in my hand. If I can't access my ledger, it's GONE FOREVER from my possession. I can't store BTC / Crypto under my mattress.
If someone asks me to give up an ounce of gold for a single BTC, I would laugh in their face.
Crypto can be moved to a paper wallet and stored under your mattress, if you so choose.
Crypto makes a lot of sense if you understand the 2008 financial crisis and also when you look at all of the unbanked and underbanked people in the world.
Yes, but you cannot store gold inside your brain either.
Bitcoin you can store inside your own brain.
Once you understand the technology and why THAT is unique and special, then you will understand that Bitcoin is NOT an investment or some kind of exotic diGitAL aSseT which gets bought/sold/valued in terms of [their] fiat, which is what the banksters will have you believe.
Bitcoin is the global silent revolution whereby you can take your financial life into your own hands and STOP enabling the banksters in quenching [their] thirst for our children's blood.
IF you are still in [their] system] storing your savings in [their] money, thinking in terms of [their] fiat (as in everything eventually boils down to being of a particular numerical value denoted in USD), then [they] own you. You are [their] little bitch.
Gold is great, buy it, go right ahead. But buy it with what? Dollars? You just enabled [them] and are aprtly responsible for a child going missing every 4 seconds.
Buy your stuff (gold, silver) with BTC, store your liquidity inside your own brain with BTC.
Bitcoin is not in competition with things, with stuff. Like gold, sliver, real estate. IT is in competition with the entire globalist bankster sytem.
Educate yourself, so you won't be so confused.
INVEST 5 hours of your life into watching Andreas Antonopoulos videos, so you'll be better informed and al least understand what Bitcoin is and what it isn't
Gold you can bury in your back yard, but cannot store in your own brain. Bitcoin you can store in your own brain, but cannot bury in your back yard. Different uses for different things.
What are you going to exchange your bitcoin for?
What's the point of rising or falling BTC value?
it's all pegged to the dollar. If it wasn't, we wouldn't care if BTC went up 20k. 20k what? 20k dollars? Why does anyone care if it goes up or down if it's supposed to be "beyond the dollar"?
How do you get BTC in the first place? How is it exchanged?
edit:
"Once you understand the technology and why THAT is unique and special, then you will understand that Bitcoin is NOT an investment or some kind of exotic diGitAL aSseT which gets bought/sold/valued in terms of [their] fiat, which is what the banksters will have you believe.
Bitcoin is the global silent revolution whereby you can take your financial life into your own hands and STOP enabling the banksters in quenching [their] thirst for our children's blood."
This sales pitch does nothing to convince me what Bitcoin actually DOES that Gold and Silver cannot, as BIBLICALLY, they are the only currencies given to man by GOD which have lasted THOUSANDS of years with the same intrinsic value.
Fuck the FED and the Banking cartel and the Media. I KNOW what value Gold and SIlver holds.
What are the characteristics of money? There are six key characteristics of money, and those are:
Durability Money is relatively durable, and though it can be easily destroyed if that’s your intention, bills and coins tend to remain in circulation for several decades. What’s more, they can be easily replaced when they do become worn.
Portability No matter how you choose to carry your money — whether you stuff it inside a wallet or leave it in the bank and use a debit card to spend it — it’s easily transportable. You can take your money with you wherever you go.
Uniformity Every U.S. citizen recognizes a $1 because all of them are the same size and shape and feature a similar design. The same can be said for every other denomination of U.S. currency. This gives money uniformity and ensures there’s no confusion between buyer and seller.
Divisibility Traditional currencies can be broken down into different denominations. If you’re in the U.K., for instance, a £50 note can be split into two £20 notes and one £10 note; five £10 notes or ten £5 notes. This obviously makes transacting much easier — and helps with portability.
Acceptability One of the most important characteristics of money is that it is accepted everywhere and by everyone. No matter what you want to buy, it’s money you’ll need in most cases. And if you’re selling, you typically expect money in return. There are exceptions to this, of course — like when you swap certain goods for other goods — but that’s not common practice.
Scarcity Finally, money is in limited supply or scarce. Although new notes and coins are minted into circulation all the time, there are tight controls over how much can be in use at any one time. Governments and central banks don’t just print as much as they like. This ensures money maintains its value and goes some way toward keeping inflation under control.
What are the characteristics of Bitcoin? In the same way Bitcoin shares many of the same functions as money, it also shares many of the same characteristics. It is durable, portable, uniform, divisible, and in limited supply. The only thing Bitcoin falls behind on at the moment is acceptability. While adoption has grown significantly over the years, Bitcoin still isn’t widely accepted like money is.
Again, however, Bitcoin has some characteristics that money does not have, including decentralization, transparency, and immutability. Bitcoin is also resistant to some of the changes money is sometimes susceptible to, such as revisions to its design or the discontinuation of a certain denomination.
What are the advantages of Bitcoin over money? As you may have already picked up on by now, there are certain things that make Bitcoin superior to traditional cash. It is not only impossible to counterfeit, but its decentralized nature makes it more secure and more affordable. If you send money to a friend in another country, for instance, it will be cheaper and significantly faster to do it in Bitcoin.
Decentralization also makes Bitcoin totally transparent. Anyone can see a Bitcoin transaction on the blockchain — and even find out how much Bitcoin certain wallets are holding. However, it is not possible to see the identity of the people involved in those transactions or the owners of those wallets, which makes Bitcoin more anonymous than money.
Bitcoin is also absolutely finite in that it is impossible to replace or replicate BTC, and more difficult to lose (assuming you’re careful with it). Furthermore, Bitcoin is global in a way that no other currency has ever been before. It is available in every country, operates the same way in every country, and has the same value in every country.
What are the advantages of money over Bitcoin? Money’s biggest advantage over Bitcoin is, of course, its acceptability. No matter what you’re buying or where you’re buying it, money will be accepted. Sadly, the same cannot be said for Bitcoin just yet. Although adoption is growing and Bitcoin is accepted by some of the world’s biggest merchants, it is nowhere near as ubiquitous as traditional fiat currencies. (Other recently developed tech like LoopRing has already adopted fiat on and off ramps however which in large part solves this problem.)
I'm using bitcoin as ONE example. The advantages of blockchain tech are MASSIVE.
Helpful post that is constructive. Thanks!
https://amzn.to/3Jdu3A4
This book was written by high ranking military officer that the government sent MIT to study this very topic. It's a very interesting read. The strategic advantages of using cryptocurrency and decentralizing the creation of money and separating it from government is massive.
You can probably find free PDF versions of this book or potentially check it out digitally from your local library.
Soon powerful people in the US government will come out and say Bitcoin is a threat to national security.
And this book will be used to crush that narrative.
If we can't look at history and learn from it, the same cons are reinvented over and over again. One thing for sure is that gold has always had intrinsic value. The fractional reserve system is nothing, but a giant Ponzi scheme having the same exact characteristics. #1) Willing dupes to start with. #2) an ever increasing supply of new dupes coming into the system, and #3) Keep changing the rules is helpful (Move the goal posts). One of the characteristics of a Ponzi scheme is that it must constantly keep growing (accelerate) in order from collapsing. As it grows, it accelerates its growth, ever increasing demands are required, and the frequency of demands accelerates until it becomes unmanageable. The system needs to become increasingly unfettered. This is where the FRS is today.
The purpose that it holds is that it's issuance is predictable and there is a max amount that will ever be issued. It's controlled by mathematics and not human beings that might corrupt the system.
You can send any amount of value from anywhere in the world if you have internet access but even with radio signals you could send Bitcoin.
The network is decentralized so very robust and what happened in 2008 can't happen to Bitcoin.
Also don't forget that there are way more people in the world without access to banking or to good banking, than people that have full access to banking services. You might not have a need for it, but Kenya's Mpesa system (people exchanging calling minutes for payment) shows that there definitely is a need for something like Bitcoin.
Good comment that provides productive information to a mild skeptic.
Disclaimer: I own a small bit of BTC and some ETH because I stake and earn a little APY
Your keys. your Bitcoin. Not your keys, not your bitcoin.
Crypto is limited, but you can buy things with it, mainly online transactions so far as I'm aware. Even the place I buy silver from accepts crypto.(I pay by check)