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.
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.
Iso20022