90 Years Ago Today. Bitcoin Fixes This. Bitcoin is Part of the Plan.
(media.greatawakening.win)
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I'd say: it does not. Presidents can issue any executive order.
The question is: will you comply?
And then here it is: you put your BTC in cold storage and no one is the wiser. And here it is: you put your Gold in cold-storage and no one is the wiser.
What does BTC solve by itself in such a situation.
Since BTC requires energy AND access to a payment platform on the internet and Gold does not require any of that, the question becomes: what system has what advantage.
Not to mention the ability for the government to order ISPs to block any blockchain traffic. Sure, people could start using subnetworks like vpns or TOR, but is the farmer I buy my eggs from really going to do that?
Yeah, I definitely follow the “If you can’t hold it you don’t own it.”
Add that most credit card companies and banks, at least here in the EU won’t let you buy crypto at all.
I can bring a wad of cash down to my local coin shop and buy myself $5k worth of gold/silver without any questions asked.
But then again, I’ve spread my eggs, so I still have some BTC, ETH and other crypto assets in cold storage.
But 90% of my savings are now in PM and mining stocks.
Binance and most other crypto card issuers works fine in Sweden, only the gas stations have trouble with their card for some reason. But there are workarounds for that too.
I’m talking about buying crypto, not using them.
I’ve got 4 different credit cards, that will reject the transaction if I’m buying crypto. Nordea has also stopped a wire transfer to a renowned crypto exchange.
Maybe try the indirect route. Some Baltic regions seem to do quite well.
SEB is the only one still allowing it I think, otherwise localbitcoins I guess and pay with cash or Swish.
SEPA should work too, with a regular bank transfer even if it takes a few days to process.
LocalBitcoins will discontinue its service.
I’ll have a look into SEPA.
Gold doesn't require electricity, Bitcoin does. Shut off the electric grid, shut off the internet, no more crypto currencies. Precious metals will still be available at all times.
Bitcoin can't be seized if they decide to torture or kill you because you refuse to comply. Gold they can find if they look around enough. The larger amount, the harder it is to hide it properly. Bitcoin can be stored in unlimited ways, in insignificant objects, digitally or even in your mind where they can never find it.
That said, I do hope people aren't stupid enough to repeat the same mistake twice, which might happen because a lot of people seems to think there's a major difference between Bitcoin and Gold.
intentional phraseology.
who?
All these elaborate schemes whereas one injection is enough. Of course these are extreme circumstances and we are not there, yet. Hence my comment: Put Crypto in cold storage and none is the wiser (if you know what you are doing) Put Gold/Silver in cold storage and none is the wiser (especially if you belief in boating accidents)
Your type of argument reminds me a bit of Cato talking about Sulla.
FDR taught Obama and Biden that they could fool people into believing that an E.O. is a law. Kings may be able to order one of the people about, but presidents certainly can't.
Presidents have been issuing EOs for many years. The legitimate use for an EO is "more paper clips, please." Either we all learn how our Republic is supposed to be run and our rightful place in it or we will continue to have chaos and corruption.
Bitcoin. Literally backed by nothing... except ether and fantasy. Only 2 things worth anything ever: 1) Skilled labor 2) Things that come out of the ground. No exceptions.
Commodities don't need backing, they have value in itself because of limited supply, industrial use and other properties. If you think Gold is valuable just because it's shiny and you can touch it then you don't understand value.
Backing is what they tell retards when running fractional reserve banking. In fact, take my shit from today, and let's say it has value because "it's backed by gold", sounds goo to you? good, next morning I take another shit.
Now there's twice as much shit, but the same amount of gold, the value of your holdings just halved because I took half of it, without even touching my shit because I still hold the gold.
I have a limited supply of trading cards I just made myself. Because there are only 5, by your logic that makes them valuable… Scarcity doesn’t by itself make things valuable, people wanting them makes them valuable; the tiniest supply in the world doesn’t matter if there is no demand.
Also, no one is saying modern dollars are backed by gold, that ended when we came off the gold standard years ago. They’re talking about holding real gold, so the only way the supply can double is by mining double the amount of gold that has been mined from the beginning of human history until now…
Bitcoin is currently valued $28 000 per coin, with 19M coins in circulation. There falls your "lack of demand" argument.
I see retards every day making that claim. Then they get mad when I tell them to withdraw their gold.
Too bad people buy fake paper gold instead then. There seems to be a demand for convenience too which you ignore. Fake paper gold devalues gold.
Your response does not jive with the argument.
The claim was not made there to be NO demand for bitcoin. The claim was made in relation to the "just" scarcity argument. As always that is a question of market circumstances: demand and supply.
On top, the bitcoin value is manipulated the same way, Gold and silver is manipulated in terms of pricing. This was predicted when the question came around to allow for bitcoin futures and options.
There has been quite a lot written about USDT and the shenanigans going on with it. And basically, I could, with enough money, create artificial demand or supply depending on market circumstances, not to mention other creative strategies.
Technically, I am all for crypto, but then again, a totally different kind and I see the drawbacks of the current systems in terms of maintenance and access of most if not all current crypto-systems. That said, I think the current focus on crypto is a trap where we, the user, are the price (prison).
Correct. A better phrase would have been: I have not encountered someone claiming such and such, because, yeah, these retards indeed are there. That said: you can still buy Gold and silver with 1,5% (or less) leftover value of the original value of the Federal Reserve Note. It means, the bloody metal is dirt cheap.
It's actually backed by a proof-of-work. You'd know this if you had researched it all. Limited supply. Scarcity. Principles of sound money and economics.
For people that say Bitcoin is a government operation, you give the government WAY too much credit. Buy bitcoin.
Do a deep dive on Epstein’s connections to MIT and the start of BTC sometime…
It is not government. But I would bet it is clown deep state.
This was one of FDRs first acts in Office. Overall, I still think he was the worst President (although, if the 'biden' character lasts into his 4th term I'm sure he'll take 1st/last place). WW2, NATO, the UN, Bretton Woods etc were all set up by Roosevelt.
Don't forget the SEC, FDA, CIA (or really it's precursors, the CIAA and the OSS), SSA, HEW, the New Deal (which was really just a communist government disguised as a savior from the fallout of the stock market crash of 1929, which he oversaw as then Gov. of NY), etc.
FDR is the linking chain between the Rockefeller agenda and probably 50% of the governmental systems that achieve that agenda. The number of personal connections between FDR and Rockefeller are too numerous to count. I'd call him "pond scum," but pond scum doesn't deserve that.
FDR and people around him were simply commies.
The changes to the fabric of the US in them days are gargantuan. See the book of the States.
Did anyone here actually live thru that time? What happened if you choose to keep the gold coins.
I know a (former) precious metals dealer. Someone approached him once and said his father passed and left a box of gold coins that he had hidden. In today’s money it was worth over $5mil. End result: the dealer was able to accept them, no questions asked.
Love hearing about this. Some people are smarter than doing EXACTLY what government said.
Americans were allowed to retain up to 5 one-oz gold coins, although I don't think that was widely publicized. Big fines and prison time though for more than that.
"Were allowed" ... yeah this sounds like land of the free. Right?
my gold was lost in an unfortunate "boating accident".....
Thanks. Narg. Appreciate.
I did SOME research on this back when the internet was wilder and freer. I didn’t find your answer, but I did find anecdotes of safety deposit boxes at banks being empty right after this announcement.
With how the internet is scubbed now outside here, a normie wouldn’t even know there was such an order.
I knew from others but those people did not have anything to go to the banks so just wondering.
If I remember correctly, the Kennedy's did not feel quite comfortable with complying with that executive order.
I am sure some of them hid a lot of gold in their yard.
If you like Bitcoin, you'll love Kinesis. www.kineis.money
It's a crypto coin that is redeemable for actual physical gold or silver at any of the affiliated ABX vaults located around the world. You can link a debit card to your account or spend it directly like you would bitcoin. Low transaction fees and you can carry as much of your wealth with you around the world as you would like. If you settle down somewhere you can have your bullion shipped to you if you prefer to keep possession of it. Superior to Bitcoin in every way.
Nearly all gold exchanges here in cashless hell accepts Bitcoin payments because card payments have worse odds than Russian roulette. 1/3 card transactions is fake and gay where the fiat is simply returned to the card holder and the business punished for not knowing that the customer used a stolen card.
There's no need for "gold backed crypto" when exchanges between commodities directly is already super easy and safe.
Go fuck yourself.
lots of bitcoin sliding going on here lately.
if the president issued an EO to round up all guns, would you comply?
if you put your life savings into bitcoin & they shut off the electric grid or your ISP blocked you for "spreading disinfo", what then?
There's a small laundry list of problems that will keep Bitcoin from ever reaching proper adoption on any real scale.
*Transparent blockchain means you will only ever be pseusoanonymous, never fully anonymous. Lack of protocols like Dandelion++ means that well funded state actors can unravel any pseusoanonymity that you would have, anyways. KYC on all major exchanges only make the problem worse, too.
*Small block sizes and the proliferation of layer 2 "fixes", by companies who lobbied for the problem to exist, means that fees and transaction delays will creep to unusable extremes, and the companies with L2 solutions like Blockstream make sure that business adoption needs to pay Blockstream their cut.
*Lastly, this doesn't fix the problem of the government decreeing that your Bitcoins are now illegal, which would mean that 90% of all registered businesses would not bother with the potential business-destroying consequences of using said currency.
There are certain cryptos that can solve #1 and/or #2, but #3 essentially ensures that anything other than the USD or some CBDC derivative thereof would ever see major adoption while a hostile regime is in place. Everyone is still going to have to get USD to pay taxes, like property tax, and trading BTC for USD is probably going to be difficult if the govt is serious about a crackdown.
You guys still use Napster to download tunes?
https://twitter.com/VandelayBTC/status/1643419927846563840?t=37Wv9fQxcqiOjiLZem6GUg&s=19
Sauce tweet ^
The simple truth is that anything that you have or can do has value if you value it/someone else values it and it can be a negotiable instrument for services or goods. The government only has power over you if you allow it or are willing to face the consequences of defying. The choice is always up to each of us. An Executive Order is not a Decree, it only holds as much power as people are willing to allow. The more people that go along with an Executive Order, the more power it holds to effect others. Never comply or support anything that violates your own morality. It truly is that simple.
7 transactions per second for BTC vs 60k transactions per second for credit/debit. Bitcoin ≠ the Plan, Bitcoin is just modern day tulip mania. Ostensibly worse than a ponzi scheme. Prove me wrong.
Kaspa fixes what bitcoin cant. Kaspa is the evolution of bitcoin. Same designer just fixing his mistakes.
Gold/Silver and XRP/XLM. Good luck with BTC in the long term...
Go to google, type in World’s Bridge Currency, greenest crypto
3x red flag.