One thing I don't understand about this is how can one be against a one world/nwo and yet then be okay with a digital global currency that relies on technology that if the governments truly want can easily shut down. I get the appeal but I don't think this leads to gaining back freedom but instead getting closer to a one world currency which will at some point lead to a one world government in my opinion.
Digital currency itself is not an inherently bad thing, even a one world currency is not necessarily bad. The problem with the digital currencies being pushed by central banks is that they are, well, centralized. In the same way that the Fed can pull new paper out of its ass at a whim, the centralized nature of CBDCs allow peoples' money to be fucked with in an infinite number of ways by the central banks, at their whim, with no recourse on the part of the holder but to obey.
Bitcoin is different in that it has no central issuer and no governing body, aside from the protocol, which is open source and run by thousands of nodes in every corner of the world. It is a learning curve, but once you understand the basics of how bitcoin's consensus mechanism works you realize how revolutionary it is. It is monetary policy that cannot be changed.
Instantly transmissible, impossible to hack (and therefore impossible to steal), permissionless and immune to censorship, and perhaps most importantly, immune to debasement and hard capped in its supply (there will only be 21 million bitcoin, not a single decimal more).
And none of the above can be changed unless every node on the planet (over 15000 across almost every country in the world, last I checked) agrees to run an altered version of the protocol. And any jackoff with a computer and an internet connection can run a node.
We are already living under a one world government, and its currency is the petrodollar. The final piece that they need for total world domination is to fully digitize the petrodollar. Bitcoin is a one world currency too, yes, and it is going to be the world reserve asset after the dollar falls, but it is a world currency that no one controls. In this way, it actually makes world government impossible.
immune to debasement and hard capped in its supply
It is not immune to debasement for two reasons.
First, a hard cap on supply, while it sounds so wonderful, doesn't in any way actually solve the problem it intends. In fact, I suggest the problem that it intends to solve is unsolvable by any attempt to use a unique intermediary of exchange for barter.
Supply and Demand curves look at both supply AND demand. If the supply is constant, the value (how much of one good you can get for another) depends strictly on demand. The demand for bitcoin would then be subject to how much is available at any one moment in time v. the number of people who want it.
Because it is intended to be relied upon as an intermediary of exchange for barter, that makes it subject to hording, which, according to history, was the primary means of economic manipulation prior to fractional reserve lending. It was the hording of silver (through basically a short sale on land) that is thought to have led to the ultimate demise of the Western Roman Empire. Any system that lends itself to hording as easily as Bitcoin does, is destined to fail. It can't not fail eventually. It will, as less and less is available to the general public, become so valuable that a strict stratification of society will inevitably emerge, even worse than that which exists now.
Its value is also highly dependent on the population of the planet. If population goes down (which is what is currently happening), its demand goes down, and thus its purchasing power (AKA inflation). I think this is a minor concern really, because the deflation of hording can far outstrip any inflation due to reduced demand of the population unless that depopulation occurs hugely and suddenly (zombie apocalypse, nuclear war, meteor from space, etc.).
On the other side of that, if the population goes up, it adds to the natural deflation by hording, as demand pushes up its purchasing power. This makes the hoarders more powerful, increasing general poverty, leading to a debasement of life in general.
Because the hoarders have more power, they have more power to increase or decrease population to increase or decrease their own purchasing power. If you think that's "impossible," on the contrary, that is exactly what has happened over the past 200 years, first an increase in population (to build The Machine), then a decrease as we transition to a New World "Utopia." Intentional or not (though I can make a convincing case for intentional) this is what has happened, and, if not for the increase in money supply, deflation would have occurred, and the hoarders would have had more power. They already had a monopoly on gold though, so that's really moot.
By transitioning to an infinite "resource" as barter intermediary (the Federal Reserve Note) they were able to "borrow against the future," increasing their ability to build The Machine. By removing gold from "money", it also enabled them to gather in all the gold, increasing their total supply. Moving back to a strictly gold based economy allows those who own pretty much all of it to control pretty much everything. (Not that that is in any way a "change," it just doesn't solve the problem as people think it will.)
The "infinite resource problem" is the problem that Bitcoin wants to solve by taking the opposite stance. It can't solve it, because it leads right back to the problems that existed before there was a fluid money supply.
The problem with both systems is the centralization of authority, in this case, the use of a single currency which has no value except through belief. Thus, the hoarders will do everything they can to ensure the belief remains the belief. This is generally done by the creation of taxation, and the demand that that currency be used to pay taxes (AKA "fiat currency").
If it weren't for taxation (which coincidentally came out at the exact same time as the Fed), no one would use Federal Reserve Notes at all.
The second reason it is not immune to "debasement" is because you can't "debase" something that has no base. Bitcoin has zero intrinsic value. It can't be used for anything except as an intermediary of exchange for barter. It can only do that for as long as people believe it does. The instant people realize that they can exchange real goods for real goods it fails completely.
I don't see how Bitcoin, if adopted ubiquitously, can possibly lead to anything except a dystopian nightmare worse than what exists now, or, if rejected (which I suggest is inevitable in a free market), a real solution that could be adopted instead of attempting the Bitcoin travesty as stepping stone.
The solution to the problem that Bitcoin attempts to solve through it's "decentralization" will fail because it is insufficiently decentralized. Anything that attempts to use a single intermediary (or anything other than a complete free market of intermediaries) is itself insufficiently decentralized, and will fail to accomplish it's goal. Any free market of exchanges will naturally gravitate to intermediaries with intrinsic value. Thus, the obvious solution is to start there. A system that embraces value, AND is decentralized gives the power to the People, gives meaning to exchange (because each side exchanges something with intrinsic value), and reduces the capacity for hording to cause financial manipulation.
Because "free energy" doesn't mean anything. You cant grow bananas with it. You can't use it to make anything - you can power the prodution, but that needs intelligence.
Free energy is a pointless addition to the mix u til that free energy means post scarcity.
A consideration is not just the energy to mine or create a currency, but the continuing costs to use the currency. Inherent to Bitcoin is energy consumption to verify every on-chain transaction. A dollar bill, silver coin, or gold coin can be used to transact without expending any appreciable amount of energy relative to their initial production costs. The free market should ultimately decide, but ongoing costs, ease of use, store of value, etc will all factor into mass adoption.
You realize that the vast majority of people barely see paper money anymore, right? It's been almost entirely cards and trust in banks for 15 years. No ones even going to consider miniscule energy use as a show stopper.
I am very aware of that. I hope you realize that there are people, including myself, who do consider energy use. It is a only one consideration among many concerns that I have regarding digital currencies.
Right. But crypto is better bro. Trust me. It's gonna fight back the nwo bro. Just move your life to a global currency that is only a digital 1 and 0, totally safe.
If the government could shut it down, they would have done so a long time ago (look at what happened to the liberty dollar's creator). The whole goal of Bitcoin's creation was to create a currency that governments cannot control.
It's secret because they would murder and/or imprison those who created it if they could.
It's designed to replace an evil system that they definitely control currently. Why would they replace something they have total control over with something that they can't control?
If they own all the BTC, then the only way to control it would to be to sell it. After they sell it, they no longer have control. They can't print it like the current system.
The code is 100% open source. We do know the origins of Bitcoin, just not the exact individual or individuals who put it together. None of that has any effect on the trustability of the network because it's all transparent and verifiable by anyone.
The CIA invited Gavin Anderson, Satoshi's right hand man, to give a presentation to them and explain how Bitcoin works. This was after it got widespread attention due to WikiLeaks accepting Bitcoin donations. Shortly after Gavin went to the CIA is when Satoshi disappeared.
Now why would the CIA be asking to be briefed about what Bitcoin is if they created it?
It's certainly plausible that some or all of the underlying tech came from the NSA and/or military, but that doesn't necessarily mean anything nefarious if it's actually open source.
I mean. In terms of ISP a click of a button. In terms of everything for everyone, either government commanding it, or the major corporations shutting it down, heck even a really bad power outage could shut it all down.
It took me a long time to be sold on this, I stacked silver for most of 2021, but I'm 100% convinced at this point. Bitcoin, or more broadly, blockchain and Proof-of- Work, are integral to the plan. Most anons have missed this angle for years, but this connection is as big as the Law of War Manual proofs.
Bitcoin is not crypto. It is a digital commodity, with no central issuer. All "cryptos" are unregistered securities, no different than a stock. We call them shitcoins.
Money is whatever people decide. Historically, people have chosen to use gold and silver as money because they do not corrode, because they are difficult to mine, etc. But they have several inherent flaws that bankers have exploited for millenia to run their fiat scams, and it all comes down to the fact that a precious metal-based monetary system, like fiat, is based on trust. Bitcoin eliminates the need for trust.
3, and most importantly: Digital money is here whether people like it or not. The only question is will one person control it, or no person. CBDCs can be turned off and manipulated at the whim of the central banks, yes. But they also weigh nothing, can be sent digitally at no cost, cost nothing to store, and more. Put simply, they are convenient.
Gold and silver cannot compete with the CBDC. Bitcoin can.
To your point 2) I don't believe bitcoin eliminates the need for trust because of the complex code involved. Those without the expertise have to trust what others are telling you about bitcoin and its one of the toughest things I'm having with the concept of bitcoin.
Do you trust that your car is going to start every day? I'm guessing you don't know how to build an engine, but you trust your mechanic? And you still are able to drive the car and do basic maintenance, yes?
Bitcoin/crypto is the same. You just need to learn the basics and then it WILL make sense. The only trust you need is in yourself to understand how to use it, much like driving a car.
Theres a difference between verification of a physical action vs electronic tokens. And funny that you mention that example, but I literally don't have a mechanic I trust. With that said if a mechanic changes your shocks you can go to your car and see that new shocks were put on the car without knowing how shocks are built. same with any other maintenance. There is a physical shape and mass you can check to make sure someones not bs-ing you that you are aware of just by being alive.
I've used computers all my life, but have essentially no experience with coding outside of high school. I wouldnt even know how to access the 'code' behind bitcoin nevermind verifying the important claims like "How do we know theres a fixed amount of bitcoin?" or "where does the bitcoin come from that is awarded to miners?" and "How do I know my access to my wallet can't just be shut off?"
It's a simiiar mentality to why I want electronic voting systems gone. With physical systems there are ways of verifying if someone is speaking the truth just by life experience, with electronic systems you need to trust the experts.
Like I mentioned before I'm open to bitcoin (I KNOW I don't trust other crypto right now), but there is a huge psychological trust barrier to most of the population when people cant verify what they're actually holding.
nevermind verifying the important claims like "How do we know theres a fixed amount of bitcoin?" or "where does the bitcoin come from that is awarded to miners?" and "How do I know my access to my wallet can't just be shut off?"
These things are easily verifiable without having to directly access the code of Bitcoin. Anyone can download the software and run it on their computer, which downloads the entire blockchain and verifies every single transaction ever made. All anyone needs to do is visit a block explorer, which is a website that serves a searchable interface for the blockchain so anyone can verify any transaction. The only "trust" that is needed is that the miners will continue to be self-interested in earning more Bitcoin so they will continue securing the data held on the Blockchain. The miner rewards are predetermined for every block so we know exactly how much Bitcoin has been mined by adding it all up. The rewards are cut in half every four years until it reaches zero at which point the miners will only be rewarded by transaction fees.
I don’t really care about the potential criminality of it. What I care about is being able to have some level of privacy. We can have a gold/silver backed currency. If people want to trade bitcoin amongst themselves I don’t care but for national currency I want God’s money which has been used for 1000’s of years.
I would agree with you if you know of a way to make it work this time. The US and many past countries have tried it over and over again. It seems control of the currency is too much power to maintain long term.
Unlike gold or silver, If crypto wins out, it won't be due to a decree. It will be from people simply using it.
Crypto is centralized. Bitcoin is not crypto, it is a digital commodity with no central issuer or governing body. It is the first truly stateless unit of value storage and exchange in human history.
"Crypto" is not centralized. There are thousands of coins out there, most are shit, but not all are centralized. And Bitcoin isn't the only legit one. Privacy is a big deal to a lot of people which is a big reason some people have stayed away from Bitcoin. That's why privacy coins like Monero are going to be huge.
Bitcoin=shit coin. The uses more natural resources than anything known to man. Deep state money laundering scam at its finest. There are cryptocurrencies that actually provide a usable utility. Just because Bitcoin was #1 doesn't make it THE #1.
The only reason anyone pays for energy to mine Bitcoin is because the Bitcoin they get is more valuable than the energy consumed. If energy prices go too high the miners will shut down until it's profitable again and the network automatically adjusts.
Pretty sure there have not been any wars fought to force people to use bitcoin.
Until we murder a million civilians and displace millions more over their refusal to trade in bitcoin, I would hesitate to say that bitcoin's energy consumption is excessive.
When it all comes out we will see how much dark money laundering has been done using Bitcoin. How much adrenochrome has been purchased with it, and how many lives bought and sold. Of course the want to try to tie Bitcoin to Q right now. A ton of information for Q comes from Bitcoin. That's the only good thing coming out of Bitcoin in my opinion. Tie Bitcoin to Q and guess who gets the most discredit.
It certainly does not use more energy than the banking system. You need to consider the energy expenditure of all bankers, bank employees, their families. All of their cars, the energy put into farming their food, the energy running the lights and computers, etc. It's not even close.
Then after you account for all of that, start tallying up the energy used for the banker's wars around the globe. After that, we'll find more to account for.
If that ever were to happen, we'd have to be vigilant against the same shit happening again. Whos to say the snakes won't try to reinstitute something in its place that's just as nefarious.
If ever it were to occur anew,
Vigilance we must hold, strong and true.
For snakes may seek to deceive and replace,
A nefarious scheme, masked with a new face.
Although I am a fan of Bitcoin - It is not the answer to the corruption. The exchanges are already compromised by bad actors. So what good is a bunch of Bitcoin in a hard wallet when you cant exchange it or perform any transactions because the ministry of truth has black listed you from society?
The answer is FREEDOM and JUSTICE. If we dont see that first then any system will be controlled and used to enslave the people. There must be arrests and prosecutions before any new system is established.
Think about what was taking place during the revolutionary war. We were being ruled by British soldiers who were raping and pillaging the people in America and once the people had enough they rose up and started fighting back. The British could no longer control the people and new systems were built. We must rise up and defeat the deep state before new systems can be built that prevent these bad actors from infiltrating them.
The was a great video. The last half hour seemed like a commercial for the Bitcoin company. Don't know if I minded it or not, yet. But it was surely a commercial.
One thing I don't understand about this is how can one be against a one world/nwo and yet then be okay with a digital global currency that relies on technology that if the governments truly want can easily shut down. I get the appeal but I don't think this leads to gaining back freedom but instead getting closer to a one world currency which will at some point lead to a one world government in my opinion.
Digital currency itself is not an inherently bad thing, even a one world currency is not necessarily bad. The problem with the digital currencies being pushed by central banks is that they are, well, centralized. In the same way that the Fed can pull new paper out of its ass at a whim, the centralized nature of CBDCs allow peoples' money to be fucked with in an infinite number of ways by the central banks, at their whim, with no recourse on the part of the holder but to obey.
Bitcoin is different in that it has no central issuer and no governing body, aside from the protocol, which is open source and run by thousands of nodes in every corner of the world. It is a learning curve, but once you understand the basics of how bitcoin's consensus mechanism works you realize how revolutionary it is. It is monetary policy that cannot be changed.
Instantly transmissible, impossible to hack (and therefore impossible to steal), permissionless and immune to censorship, and perhaps most importantly, immune to debasement and hard capped in its supply (there will only be 21 million bitcoin, not a single decimal more).
And none of the above can be changed unless every node on the planet (over 15000 across almost every country in the world, last I checked) agrees to run an altered version of the protocol. And any jackoff with a computer and an internet connection can run a node.
We are already living under a one world government, and its currency is the petrodollar. The final piece that they need for total world domination is to fully digitize the petrodollar. Bitcoin is a one world currency too, yes, and it is going to be the world reserve asset after the dollar falls, but it is a world currency that no one controls. In this way, it actually makes world government impossible.
It is not immune to debasement for two reasons.
First, a hard cap on supply, while it sounds so wonderful, doesn't in any way actually solve the problem it intends. In fact, I suggest the problem that it intends to solve is unsolvable by any attempt to use a unique intermediary of exchange for barter.
Supply and Demand curves look at both supply AND demand. If the supply is constant, the value (how much of one good you can get for another) depends strictly on demand. The demand for bitcoin would then be subject to how much is available at any one moment in time v. the number of people who want it.
Because it is intended to be relied upon as an intermediary of exchange for barter, that makes it subject to hording, which, according to history, was the primary means of economic manipulation prior to fractional reserve lending. It was the hording of silver (through basically a short sale on land) that is thought to have led to the ultimate demise of the Western Roman Empire. Any system that lends itself to hording as easily as Bitcoin does, is destined to fail. It can't not fail eventually. It will, as less and less is available to the general public, become so valuable that a strict stratification of society will inevitably emerge, even worse than that which exists now.
Its value is also highly dependent on the population of the planet. If population goes down (which is what is currently happening), its demand goes down, and thus its purchasing power (AKA inflation). I think this is a minor concern really, because the deflation of hording can far outstrip any inflation due to reduced demand of the population unless that depopulation occurs hugely and suddenly (zombie apocalypse, nuclear war, meteor from space, etc.).
On the other side of that, if the population goes up, it adds to the natural deflation by hording, as demand pushes up its purchasing power. This makes the hoarders more powerful, increasing general poverty, leading to a debasement of life in general.
Because the hoarders have more power, they have more power to increase or decrease population to increase or decrease their own purchasing power. If you think that's "impossible," on the contrary, that is exactly what has happened over the past 200 years, first an increase in population (to build The Machine), then a decrease as we transition to a New World "Utopia." Intentional or not (though I can make a convincing case for intentional) this is what has happened, and, if not for the increase in money supply, deflation would have occurred, and the hoarders would have had more power. They already had a monopoly on gold though, so that's really moot.
By transitioning to an infinite "resource" as barter intermediary (the Federal Reserve Note) they were able to "borrow against the future," increasing their ability to build The Machine. By removing gold from "money", it also enabled them to gather in all the gold, increasing their total supply. Moving back to a strictly gold based economy allows those who own pretty much all of it to control pretty much everything. (Not that that is in any way a "change," it just doesn't solve the problem as people think it will.)
The "infinite resource problem" is the problem that Bitcoin wants to solve by taking the opposite stance. It can't solve it, because it leads right back to the problems that existed before there was a fluid money supply.
The problem with both systems is the centralization of authority, in this case, the use of a single currency which has no value except through belief. Thus, the hoarders will do everything they can to ensure the belief remains the belief. This is generally done by the creation of taxation, and the demand that that currency be used to pay taxes (AKA "fiat currency").
If it weren't for taxation (which coincidentally came out at the exact same time as the Fed), no one would use Federal Reserve Notes at all.
The second reason it is not immune to "debasement" is because you can't "debase" something that has no base. Bitcoin has zero intrinsic value. It can't be used for anything except as an intermediary of exchange for barter. It can only do that for as long as people believe it does. The instant people realize that they can exchange real goods for real goods it fails completely.
I don't see how Bitcoin, if adopted ubiquitously, can possibly lead to anything except a dystopian nightmare worse than what exists now, or, if rejected (which I suggest is inevitable in a free market), a real solution that could be adopted instead of attempting the Bitcoin travesty as stepping stone.
The solution to the problem that Bitcoin attempts to solve through it's "decentralization" will fail because it is insufficiently decentralized. Anything that attempts to use a single intermediary (or anything other than a complete free market of intermediaries) is itself insufficiently decentralized, and will fail to accomplish it's goal. Any free market of exchanges will naturally gravitate to intermediaries with intrinsic value. Thus, the obvious solution is to start there. A system that embraces value, AND is decentralized gives the power to the People, gives meaning to exchange (because each side exchanges something with intrinsic value), and reduces the capacity for hording to cause financial manipulation.
Energy use is a fallacious argument. You have the same problem with every single currency.
How much oil did we have to burn to smelt gold coins? Print semi-paper cash? The chickens you traded for the pork?
All of them have an energy cost.
Because "free energy" doesn't mean anything. You cant grow bananas with it. You can't use it to make anything - you can power the prodution, but that needs intelligence.
Free energy is a pointless addition to the mix u til that free energy means post scarcity.
A lack of money equals a lack of motivation. Get out of here with that commie BS.
A consideration is not just the energy to mine or create a currency, but the continuing costs to use the currency. Inherent to Bitcoin is energy consumption to verify every on-chain transaction. A dollar bill, silver coin, or gold coin can be used to transact without expending any appreciable amount of energy relative to their initial production costs. The free market should ultimately decide, but ongoing costs, ease of use, store of value, etc will all factor into mass adoption.
You realize that the vast majority of people barely see paper money anymore, right? It's been almost entirely cards and trust in banks for 15 years. No ones even going to consider miniscule energy use as a show stopper.
I am very aware of that. I hope you realize that there are people, including myself, who do consider energy use. It is a only one consideration among many concerns that I have regarding digital currencies.
You use the same energy with paper and plastic money. This shouldn't be a consideration you take about transacting for goods.
If there is no mechanism to cease Bitcoin, it cannot be used for a one world government.
👏🏻👏🏻👏🏻
If you don't physically hold it, you don't own it. Cold storage ledgers don't count.
Right. But crypto is better bro. Trust me. It's gonna fight back the nwo bro. Just move your life to a global currency that is only a digital 1 and 0, totally safe.
A block chain stock market would end the corruption of Wall St.
Blockchain voting would make election fraud impossible.
🦍🚀
I love Apes. Wish I knew one in real life. See you on the moon.
🌕
You don't say? Decentralized exchanges and blockchain? Insert Gamestop and Loopring.
https://www.reddit.com/r/Superstonk/comments/qjhec9/loopring_has_a_patent_on_decentralized_exchanges/
https://patents.google.com/patent/US10354236B1/en
And GameStop creating an NFT marketplace. Trump and Melania releasing NFTs. Why would they release NFTs?
I think you misunderstand it. A block chain market would be unable to be fucked with. As long as it's decentralized.
The digital currency which we all should fear isn't decentralized, which is the problem.
Please explain?
Blockchain block chains would be off the chain.
If the government could shut it down, they would have done so a long time ago (look at what happened to the liberty dollar's creator). The whole goal of Bitcoin's creation was to create a currency that governments cannot control.
Bitcoin = Separation of money and state. The Founders would be proud.
It's secret because they would murder and/or imprison those who created it if they could.
It's designed to replace an evil system that they definitely control currently. Why would they replace something they have total control over with something that they can't control?
If they own all the BTC, then the only way to control it would to be to sell it. After they sell it, they no longer have control. They can't print it like the current system.
The code is 100% open source. We do know the origins of Bitcoin, just not the exact individual or individuals who put it together. None of that has any effect on the trustability of the network because it's all transparent and verifiable by anyone.
I read the CIA created blockchain and it’s verifiable declassified.
Link pls
Psh tried finding it! I forget the source might have even been a vice. Could have been voat.
It was a diagram about the blockchain being created w source code originating from cia or darpa mil some sorts! It was presented as legit.
I vaguely remember something along those lines as well. That said, BTC is the only earthly hope that I'm aware of.
The CIA invited Gavin Anderson, Satoshi's right hand man, to give a presentation to them and explain how Bitcoin works. This was after it got widespread attention due to WikiLeaks accepting Bitcoin donations. Shortly after Gavin went to the CIA is when Satoshi disappeared.
Now why would the CIA be asking to be briefed about what Bitcoin is if they created it?
I’m just spitballing off what I’ve seen. Was some diagram detailing blockchain creation through mil or cia! Was presented as documentation.
It's certainly plausible that some or all of the underlying tech came from the NSA and/or military, but that doesn't necessarily mean anything nefarious if it's actually open source.
I ask from a mostly ignorant perspective, how easy would it be to shut down the internet?
Why did Elon Musk become the DoD's biggest civilian contractor under Trump? What is Starlink?
I mean. In terms of ISP a click of a button. In terms of everything for everyone, either government commanding it, or the major corporations shutting it down, heck even a really bad power outage could shut it all down.
True, but once the power/internet comes back up it’s all still there.
You don't need to shut it down if you coopt it...or if you already have.
This might not be what you are referring to, but just saw this...
2 people cut more than 2,000 fiber optic cables to 40,000 people in Connecticut.
https://greatawakening.win/p/16amdQI93f/
If you're worried about govt overreach on the financial system it would be a good idea to figure out what skills you have to barter with.
It took me a long time to be sold on this, I stacked silver for most of 2021, but I'm 100% convinced at this point. Bitcoin, or more broadly, blockchain and Proof-of- Work, are integral to the plan. Most anons have missed this angle for years, but this connection is as big as the Law of War Manual proofs.
If bitcoin truly wins out you can exchange silver for bitcoin. It’s not like you wasted any time or money stacking silver.
I hope not. I want God’s money not digital bs. Only gold and silver are money. Also crypto is too complicated for a lot of people.
Bitcoin is not crypto. It is a digital commodity, with no central issuer. All "cryptos" are unregistered securities, no different than a stock. We call them shitcoins.
Money is whatever people decide. Historically, people have chosen to use gold and silver as money because they do not corrode, because they are difficult to mine, etc. But they have several inherent flaws that bankers have exploited for millenia to run their fiat scams, and it all comes down to the fact that a precious metal-based monetary system, like fiat, is based on trust. Bitcoin eliminates the need for trust.
3, and most importantly: Digital money is here whether people like it or not. The only question is will one person control it, or no person. CBDCs can be turned off and manipulated at the whim of the central banks, yes. But they also weigh nothing, can be sent digitally at no cost, cost nothing to store, and more. Put simply, they are convenient.
Gold and silver cannot compete with the CBDC. Bitcoin can.
Fair point. Normies will always chose convenience over freedom
They can make it so you are using crypto without even knowing it. It doesn't have to be confusing.
What does Bitcoin provide that XRP doesn't?
For one thing, bitcoin isn't being shilled for by the WEF. So, there's that.
The fuck it isn't lol. If there are bitcoin ATMs, there is control over it.
That must be why the wonderful SEC is doing such a wonderful job protecting Bitcoin and Ethereum.
Bitcoin is not inflationary
Proof of Work
Iso20022
To your point 2) I don't believe bitcoin eliminates the need for trust because of the complex code involved. Those without the expertise have to trust what others are telling you about bitcoin and its one of the toughest things I'm having with the concept of bitcoin.
Do you trust that your car is going to start every day? I'm guessing you don't know how to build an engine, but you trust your mechanic? And you still are able to drive the car and do basic maintenance, yes?
Bitcoin/crypto is the same. You just need to learn the basics and then it WILL make sense. The only trust you need is in yourself to understand how to use it, much like driving a car.
Theres a difference between verification of a physical action vs electronic tokens. And funny that you mention that example, but I literally don't have a mechanic I trust. With that said if a mechanic changes your shocks you can go to your car and see that new shocks were put on the car without knowing how shocks are built. same with any other maintenance. There is a physical shape and mass you can check to make sure someones not bs-ing you that you are aware of just by being alive.
I've used computers all my life, but have essentially no experience with coding outside of high school. I wouldnt even know how to access the 'code' behind bitcoin nevermind verifying the important claims like "How do we know theres a fixed amount of bitcoin?" or "where does the bitcoin come from that is awarded to miners?" and "How do I know my access to my wallet can't just be shut off?"
It's a simiiar mentality to why I want electronic voting systems gone. With physical systems there are ways of verifying if someone is speaking the truth just by life experience, with electronic systems you need to trust the experts.
Like I mentioned before I'm open to bitcoin (I KNOW I don't trust other crypto right now), but there is a huge psychological trust barrier to most of the population when people cant verify what they're actually holding.
These things are easily verifiable without having to directly access the code of Bitcoin. Anyone can download the software and run it on their computer, which downloads the entire blockchain and verifies every single transaction ever made. All anyone needs to do is visit a block explorer, which is a website that serves a searchable interface for the blockchain so anyone can verify any transaction. The only "trust" that is needed is that the miners will continue to be self-interested in earning more Bitcoin so they will continue securing the data held on the Blockchain. The miner rewards are predetermined for every block so we know exactly how much Bitcoin has been mined by adding it all up. The rewards are cut in half every four years until it reaches zero at which point the miners will only be rewarded by transaction fees.
I don’t really care about the potential criminality of it. What I care about is being able to have some level of privacy. We can have a gold/silver backed currency. If people want to trade bitcoin amongst themselves I don’t care but for national currency I want God’s money which has been used for 1000’s of years.
I would agree with you if you know of a way to make it work this time. The US and many past countries have tried it over and over again. It seems control of the currency is too much power to maintain long term.
Unlike gold or silver, If crypto wins out, it won't be due to a decree. It will be from people simply using it.
Look into Monero. Works like Bitcoin but has privacy by default and transactions are untraceable.
gold and silver are insanely manipulated. When they start mining asteroids soon your metals will become worthless
When the federal reserve falls apart the manipulation of gold and silver prices on the comex will cease.
Which can be more easily decentralized? Gold or crypto? I’m not sure, but it’s a question worth investigating.
Crypto is centralized. Bitcoin is not crypto, it is a digital commodity with no central issuer or governing body. It is the first truly stateless unit of value storage and exchange in human history.
Cryptocurrency is the term used for all forms of electronic currency including Bitcoin.
"Crypto" is not centralized. There are thousands of coins out there, most are shit, but not all are centralized. And Bitcoin isn't the only legit one. Privacy is a big deal to a lot of people which is a big reason some people have stayed away from Bitcoin. That's why privacy coins like Monero are going to be huge.
Bitcoin=shit coin. The uses more natural resources than anything known to man. Deep state money laundering scam at its finest. There are cryptocurrencies that actually provide a usable utility. Just because Bitcoin was #1 doesn't make it THE #1.
yep bitcoin is ancient technology, extremely slow with insanely high fees and energy consumption. https://xinfin.org/
"Uses more natural resources [presumably you mean to back itself] than anything known to man."
Does that include the petrodollar?
The energy required to mine Bitcoin. Whose pockets get filled?
Nvidia has always opposed their hardware being used for mining. Bitcoin is mined with ASICs. The largest manufacturer of ASICs is Bitmain in China.
The only reason anyone pays for energy to mine Bitcoin is because the Bitcoin they get is more valuable than the energy consumed. If energy prices go too high the miners will shut down until it's profitable again and the network automatically adjusts.
Bitcoin is far from "the best".
You really think it uses more resources than banks do?
It absolutely does
Pretty sure there have not been any wars fought to force people to use bitcoin.
Until we murder a million civilians and displace millions more over their refusal to trade in bitcoin, I would hesitate to say that bitcoin's energy consumption is excessive.
Have you ever seen a Bitcoin mining facility? The town I live near just had to add a substation for a mining facility no bigger than a trailer house.
Again, I ask you, has our government used our military to murder a million innocent civilians over their leaders' refusal to trade in bitcoin?
What about the petrodollar?
When it all comes out we will see how much dark money laundering has been done using Bitcoin. How much adrenochrome has been purchased with it, and how many lives bought and sold. Of course the want to try to tie Bitcoin to Q right now. A ton of information for Q comes from Bitcoin. That's the only good thing coming out of Bitcoin in my opinion. Tie Bitcoin to Q and guess who gets the most discredit.
The market cap of Bitcoin is less than what the big banks have paid in fines. You are barking up the wrong tree.
And there are other more dangerous cryptos (e.g. Monero) that you can‘t trace. Watch those.
Bitcoin is a good pressure on the banking system.
It certainly does not use more energy than the banking system. You need to consider the energy expenditure of all bankers, bank employees, their families. All of their cars, the energy put into farming their food, the energy running the lights and computers, etc. It's not even close.
Then after you account for all of that, start tallying up the energy used for the banker's wars around the globe. After that, we'll find more to account for.
End the Federal Reserve, we dare, A new dawn arises, cryptic and fair. Standardized currency, "Q" we declare, A boundless world of wealth to share.
decentralized finance
Decentralized, stateless finance.
If that ever were to happen, we'd have to be vigilant against the same shit happening again. Whos to say the snakes won't try to reinstitute something in its place that's just as nefarious.
If ever it were to occur anew, Vigilance we must hold, strong and true. For snakes may seek to deceive and replace, A nefarious scheme, masked with a new face.
Ron Paul supports bitcoin.
I haven't followed the good doctor closely in awhile. Wouldn't be surprised if he's been orange pilled. Bitcoin, after all, is Gold 2.0.
This really blew my mind! To many coincidences to deny. The pepe part was my favorite. What a great deep dive with all the sauce
God's money is the only true way
The people that think Bitcoin is the answer probably think wind turbines are the answer to clean energy.
Try to find a Bitcoin miner who runs off wind turbines.
This
Although I am a fan of Bitcoin - It is not the answer to the corruption. The exchanges are already compromised by bad actors. So what good is a bunch of Bitcoin in a hard wallet when you cant exchange it or perform any transactions because the ministry of truth has black listed you from society?
The answer is FREEDOM and JUSTICE. If we dont see that first then any system will be controlled and used to enslave the people. There must be arrests and prosecutions before any new system is established.
Think about what was taking place during the revolutionary war. We were being ruled by British soldiers who were raping and pillaging the people in America and once the people had enough they rose up and started fighting back. The British could no longer control the people and new systems were built. We must rise up and defeat the deep state before new systems can be built that prevent these bad actors from infiltrating them.
GMoney's show on Badlands is Rugpull Radio. If you are not watching, I highly, highly suggest it.
Bitcoin's involvement in the plan goes waaaay beyond its utility as money, and that is one of many things that the show digs into.
Does the military always come out and stand behind the POTUS at the beginning of the inauguration speech?
What about bitcoin cash? It has exactly the same history as bitcoin does, as they were talking about but it branched off 3 months b4 the 1st Q drop.
The was a great video. The last half hour seemed like a commercial for the Bitcoin company. Don't know if I minded it or not, yet. But it was surely a commercial.
I love these two. It’s great when they get together.
Q was the standard currency for child traffickers and rapists on the dark web?
Bitcoin can only handle 7 transactions per second. Wake me up when it can handle what credit/debit can do, I’ll wait.
That is a result of locking the maximum block size at 1MB, which I believe was done to cripple Bitcoin. That's also the reason Bitcoin Cash exists.
Expect a gold backed crypto.
Why is WTM and their cronies constantly promoted and pinned on this forum?
The amount of energy it takes to produce a bitcoin is pretty sus. It's a net waste just to produce this digital currency