Nothing wrong with that, fren. I have some gold and silver myself (that I recently lost in a tragic boating accident). They are great as a store of value.
But ask yourself this: Can gold and silver compete as a unit of exchange against the CBDC? Because that is the issue that will define the next few years.
What in Gods green Earth makes you think Bitcoin will be allowed to? Jeebus mang!! Bitcoin is ripe for central control out of the box. I can't believe you guys can't see that.
"Literally no person, entity, organization, or government… can control a bitcoin transaction." Really? You don't think for one minute that the government cannot turn off the electricity and cable to your house? Without electricity how will you get to your bitcoin? How will you trade it? If the electrical grid goes down you will not have anything of value with your bitcoin. Sure, bitcoin is a neat idea, but it takes a resource not in your control to access the bitcoin. An EMP over the CONUS and your bitcoin will be inaccessible forever. Gold and silver are physical and can be stored in a box in the ground. Bitcoin does not have that advantage.
This guy gets it. Bitcoin is a peer to peer system of value exchange. It cuts third parties and middle men out of financial transactions. And in the long run it makes banks and state currencies, both historically tools of enslavement, obselete.
For one thing, because the Trudeau Regime in Canada tried to ban it back in 2022 during the trucker protests, and failed miserably. That was bitcoin's first real battle test, and it passed with flying colors.
And in order to control bitcoin, you would have to gain control of, or destroy, 15,000+ computers (and climbing) scattered across every corner of the earth, and in damn near every country, like Voldemort's horcruxes. How do you suppose you, as a central banker, would start to go about that task?
Well good luck with that when they shut down the DNS records used to validate transactions. Ignorance should be painful but I don't think you guys really deserve what you're going to get with this scam.
I have advanced degrees in science and tech. I understand crypto more than most. Bitcoin lacks a crucial component of a free market currency; fungibility. I don’t understand why more people don’t see this. EVERY Bitcoin transaction can be tracked. The reason why fungible crypto currencies are not available on US exchanges is because those cryptos pose a real threat. Bitcoin is a globalists wet dream for this reason alone.
Except, not really, since every single trucker Bitcoin wallet was likely marked as "turbo evil racist facist" Bitcoin, and thusly locks yourself out of using said coins in the modern ecosystem. The precedent is already set with blockchain analysis, and while things like privacy coin atomic swaps or coin mixing seemingly aleviate the issue, they either taint more coins or require serious liquidity for a tainted Bitcoin that simply isn't likely to happen.
Besides that, Bitcoin has serious technical problems due to politics on the part of companies like Blockstream hampering expansion and tacking on L2 solutions that fracture the ecosystem into disparate side products each with their own drawbacks, while starving the base layer of any real expandability. Lightning was never a good solution to fix the scalability of Bitcoin.
I think the more practical question for people who insist on sticking purely with precious metals - is how will you participate in transactions with people who aren't physically nearby? Do you expect that 100% of your economic activity will be done with physical metals? That could get very cumbersome.
Good point, although your question contains vague language. What is nearby? I guess depending on the mode of transport, nearby can mean anything.
Another issue has to do with the locality of whom you'd trade goods and services with. If the desire is to obtain goods and services available in Chicago and you want to enjoy them in dusthole New Mexico .... I see no reason why a fine grained infrastructure of exchange could not support this if the need to pay for these in a digital currency is required. On the other hand, it is quite feasible to use postal mechanics to trade and make payments c.q. presentments in any form.
It seems to me however, currency is the least of the worries to solve. The transportation of these goods and services is the issue, as it requires the involvement of actors highly dependent on regulations. Think patrol to fire up a mode of transportation. How is that being paid for if it is price gauged with taxes? It would require the abolition, or at least the refusal to pay taxes at all, lest the local governments, regional governments and state governments allow for payment with other means than the required CBDC.
When viewing this issue, it seems to me that a separation is starting to emerge. There is of course what is viewed as the normal economy, meaning the current iteration and its followup system called society 4.0 and the likes (ESDG driven) and the parallel economy, which is not taxed at all, and does not support .gov financing.
Of course, people make their own decisions, when and where to spent currency. The CBDC in China is capable of restricting those two dimensions. As a matter of fact, CBDC could be programmed to allow only certain amounts to be spent on goods and services in a 15 minute circumference around the seat of your legal person.
The potential for accepting bitcoin or equivalents worldwide is a beauty in and of itself. It is this globalism idea that totally upends regional and local economies. I therefore find it very ironic a CBDC would contain a push to support local economy, despite the reason for it being flawed and pernicious.
There is a good reason to support a regional and local economy, as the means of exchange are being kept right there, allowing for wealth creation locally and regionally. I would recommend to read this article about SARDEX, which was started in 2008 based of on the Cyclos system, which strictly is a contained market-place with a credit system with no interest and it cannot be exchanged for euro at all. Requirement is the creation of value by production. https://www.ft.com/content/cf875d9a-5be6-11e5-a28b-50226830d644
Viewing the discussion from this angle: local, regional economies, it seems to me that both Precious Metals and Bitcoin and equivalent and an interest free trade system based on trade value can serve several objectives in a complementary manner.
In my region I submitted to several entrepreneurs to allow a hybrid. By allowing the payment of VAT in legal tender and the goods themselves in PM. This way a soft-landing can be achieved for an otherwise difficult issue, as the share of government in our local economy is 80% if all tax is considered over a year.
Of course, it does not solve everything, but maybe it is a start to facilitate this demand for divergence from the life force sucking parasitic system we have grown to use.
So basically, perhaps we should also change our discussion in a different direction instead of focusing of our energies on a discussion that solves nothing but leaves us bereft of actionable solutions.
I'm with you. Crypto is bullshit. I have my gold and silver, GME, DWAC, plenty of fiat currency on hand, a countertop water distiller and emergency food out the wazzooo. Ready for whatever they hit us with next. I am going to wait for Trump to come back and change our fiat currency to another gold backed currency.
Ya'll go ahead. I'll stick with gold and silver. tyvm
Nothing wrong with that, fren. I have some gold and silver myself (that I recently lost in a tragic boating accident). They are great as a store of value.
But ask yourself this: Can gold and silver compete as a unit of exchange against the CBDC? Because that is the issue that will define the next few years.
What in Gods green Earth makes you think Bitcoin will be allowed to? Jeebus mang!! Bitcoin is ripe for central control out of the box. I can't believe you guys can't see that.
How can you control something that has no manageable governance control within it’s core foundation?
Literally no person, entity, organization, or government… can control a bitcoin transaction.
Sure, they can control the final bank “landing spot”… but what happens when banks cease to exist? What will they do to try and “control” bitcoin then?
Open your eyes :D
Bitcoin is the single biggest threat to the globalist’s agenda.
"Literally no person, entity, organization, or government… can control a bitcoin transaction." Really? You don't think for one minute that the government cannot turn off the electricity and cable to your house? Without electricity how will you get to your bitcoin? How will you trade it? If the electrical grid goes down you will not have anything of value with your bitcoin. Sure, bitcoin is a neat idea, but it takes a resource not in your control to access the bitcoin. An EMP over the CONUS and your bitcoin will be inaccessible forever. Gold and silver are physical and can be stored in a box in the ground. Bitcoin does not have that advantage.
BTC got taken over through marxist developers in 2015 and is not functional as bitcoin.
BTC is not a threat to them, they converted it into a tool.
This guy gets it. Bitcoin is a peer to peer system of value exchange. It cuts third parties and middle men out of financial transactions. And in the long run it makes banks and state currencies, both historically tools of enslavement, obselete.
For one thing, because the Trudeau Regime in Canada tried to ban it back in 2022 during the trucker protests, and failed miserably. That was bitcoin's first real battle test, and it passed with flying colors.
And in order to control bitcoin, you would have to gain control of, or destroy, 15,000+ computers (and climbing) scattered across every corner of the earth, and in damn near every country, like Voldemort's horcruxes. How do you suppose you, as a central banker, would start to go about that task?
Well good luck with that when they shut down the DNS records used to validate transactions. Ignorance should be painful but I don't think you guys really deserve what you're going to get with this scam.
I have advanced degrees in science and tech. I understand crypto more than most. Bitcoin lacks a crucial component of a free market currency; fungibility. I don’t understand why more people don’t see this. EVERY Bitcoin transaction can be tracked. The reason why fungible crypto currencies are not available on US exchanges is because those cryptos pose a real threat. Bitcoin is a globalists wet dream for this reason alone.
Except, not really, since every single trucker Bitcoin wallet was likely marked as "turbo evil racist facist" Bitcoin, and thusly locks yourself out of using said coins in the modern ecosystem. The precedent is already set with blockchain analysis, and while things like privacy coin atomic swaps or coin mixing seemingly aleviate the issue, they either taint more coins or require serious liquidity for a tainted Bitcoin that simply isn't likely to happen.
Besides that, Bitcoin has serious technical problems due to politics on the part of companies like Blockstream hampering expansion and tacking on L2 solutions that fracture the ecosystem into disparate side products each with their own drawbacks, while starving the base layer of any real expandability. Lightning was never a good solution to fix the scalability of Bitcoin.
Everything in btc is traceable. Monero is way better
I think the more practical question for people who insist on sticking purely with precious metals - is how will you participate in transactions with people who aren't physically nearby? Do you expect that 100% of your economic activity will be done with physical metals? That could get very cumbersome.
Pretty much, yeah. Eat drink fuck pretty much covers it. Don't need bitcoin for that.
Good point, although your question contains vague language. What is nearby? I guess depending on the mode of transport, nearby can mean anything.
Another issue has to do with the locality of whom you'd trade goods and services with. If the desire is to obtain goods and services available in Chicago and you want to enjoy them in dusthole New Mexico .... I see no reason why a fine grained infrastructure of exchange could not support this if the need to pay for these in a digital currency is required. On the other hand, it is quite feasible to use postal mechanics to trade and make payments c.q. presentments in any form.
It seems to me however, currency is the least of the worries to solve. The transportation of these goods and services is the issue, as it requires the involvement of actors highly dependent on regulations. Think patrol to fire up a mode of transportation. How is that being paid for if it is price gauged with taxes? It would require the abolition, or at least the refusal to pay taxes at all, lest the local governments, regional governments and state governments allow for payment with other means than the required CBDC.
When viewing this issue, it seems to me that a separation is starting to emerge. There is of course what is viewed as the normal economy, meaning the current iteration and its followup system called society 4.0 and the likes (ESDG driven) and the parallel economy, which is not taxed at all, and does not support .gov financing.
Of course, people make their own decisions, when and where to spent currency. The CBDC in China is capable of restricting those two dimensions. As a matter of fact, CBDC could be programmed to allow only certain amounts to be spent on goods and services in a 15 minute circumference around the seat of your legal person.
The potential for accepting bitcoin or equivalents worldwide is a beauty in and of itself. It is this globalism idea that totally upends regional and local economies. I therefore find it very ironic a CBDC would contain a push to support local economy, despite the reason for it being flawed and pernicious.
There is a good reason to support a regional and local economy, as the means of exchange are being kept right there, allowing for wealth creation locally and regionally. I would recommend to read this article about SARDEX, which was started in 2008 based of on the Cyclos system, which strictly is a contained market-place with a credit system with no interest and it cannot be exchanged for euro at all. Requirement is the creation of value by production. https://www.ft.com/content/cf875d9a-5be6-11e5-a28b-50226830d644
Viewing the discussion from this angle: local, regional economies, it seems to me that both Precious Metals and Bitcoin and equivalent and an interest free trade system based on trade value can serve several objectives in a complementary manner.
In my region I submitted to several entrepreneurs to allow a hybrid. By allowing the payment of VAT in legal tender and the goods themselves in PM. This way a soft-landing can be achieved for an otherwise difficult issue, as the share of government in our local economy is 80% if all tax is considered over a year.
Of course, it does not solve everything, but maybe it is a start to facilitate this demand for divergence from the life force sucking parasitic system we have grown to use.
So basically, perhaps we should also change our discussion in a different direction instead of focusing of our energies on a discussion that solves nothing but leaves us bereft of actionable solutions.
Don't forget to DRS your GME shares and have them in book holding.
I'm with you. Crypto is bullshit. I have my gold and silver, GME, DWAC, plenty of fiat currency on hand, a countertop water distiller and emergency food out the wazzooo. Ready for whatever they hit us with next. I am going to wait for Trump to come back and change our fiat currency to another gold backed currency.