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.
The opposite scenario is also true. Government can confiscate your gold and silver if they want. Try crossing a border with 100k in gold and see how far you get.
The EMP argument is extremely farfetched if you ask me and not a good reason to dismiss the entire concept of digital currency, which has lots of good applications.
No one is arguing that Bitcoin can be used at all times under all circumstances - sure, if the government kills the power grid and/or the internet it will cause disruptions but no one will lose their money. It still can't be confiscated and will still be there when the grid is restored.
I already told you. Censorship (especially on r/Bitcoin and bitcointalk), subversion of code repository, and lies about block size change intentions (New York agreement) and manipulating miner greed. Divide and conquer like they always do.
One day you will realize that you are the commie of crypto and have teamed up with big banks through tether and bitfinex to create the next iteration of the banking industry when ever you use lightning.
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.
What do you think of the push for layer 2 networks for scaling?
Personally I remember the hash wars of 2017, where factions fought over the Bitcoin block size being permanently capped at 1MB. Unfortunately in my opinion, the bad guys won that battle and now Bitcoin is forever crippled and will probably never reach its full potential. This is why Bitcoin growth has stalled and it became all about HODLing instead of appreciating the art of peer to peer digital commerce. Layer 2 seems to be nothing more than the central bankers attempt to insert themselves back into the mix while making it look like Bitcoin was just fundamentally flawed and they are providing services on top of it so they own the tracking and metadata layer.
I'm still fairly new to the bitcoin space. My orange pill moment was watching the drama with the trucker protests in Canada, and shortly after watching Clif High explain BTC on the Devolution Power Hour. Do you have anywhere you'd recommend that I can read up on the topics you mentioned?
There has been a concerted effort to delete all historical accounts of what happened during the covert BTC takeover so it's almost impossible for new people to learn about but this documentary sums it up very nicely.
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.
Bitcoin doesn't rely on DNS. Plenty of nodes just use IP addresses. There is no reason taking out DNS would have any impact on the network other than maybe some spotty connectivity or poorly coded wallets not working but it would by no means be a disaster.
There is also Tor which doesn't use DNS so that would be totally unaffected.
I notice you never explained anything about why you hold that position, just dooming and showing you don't know anything about how any of this actually works.
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.
Show me your degree then. Prove to me that you have what you say you have. Then prove that you actually put in the work to earn that degree and didn't just photoshop the document. Provide your Proof of Work.
The above is why bitcoin is designed with a public ledger, because the reason that fiat scams have been able to work throughout history is because bankers have been able to convince people to trust them when they say they have gold that they do not actually have.
That all goes out the window when people no longer need to trust, and can instead verify.
You fail to see the forest for the trees. I get it, you’re all-in on Bitcoin. Cool. There’s a decent chance you’ll make some money. But my point stands and your attempts to attack the messenger reveal your own insecurities. Best of luck to you.
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.
Sorry, but I prefer to br able to physically hold my wealth in my hands. Preferably precious metals and stones.
If you can't actually hold it in a tangible way, you don't really own it. Digital currencies are no different. What happens when [they] decide to shut the internet down when the People decide noncompliance is warranted?
Ok look, do you really think people haven't thought of this? Bitcoin is now almost 15 years old, and there's been Trillions of dollars worth of capital invested in it. You think investors with that much money don't have these same concerns? These were some of the first areas of concern ever addressed by its original creator(s). Many many people have said the same thing since day 1. And yet, they trust Bitcoin.
Why?
Because the network is robust and secure. It cannot be shutdown without destroying EVERY SINGLE COMPUTER in the world which runs a node, and that could be in a data center or someone's basement in a third world country. There is a reason people in Venezuela smuggle ASIC miners into the country and use their free electricity to mine to a wallet which belongs to a relative in the US so they can send food and supplies back home.
Anything you can hold in your hand, the government can also take from you at gunpoint. Or did we not learn the lesson of 1933?
I would say the opposite is true. The only thing that you truly own are your thoughts, knowledge and memories. All you have to do to secure your bitcoin is memorize 12 words, or write them down and store them discreetly in a way that only you can identify the words. Anything physical that you own, you only do so at the pleasure of someone able to exert more physical force than you.
And as for shutting down the internet. Their system relies on the internet as well, to manipulate their fake money and to con the masses into believing that it still has value. There is no physical backing left in fiat currency, and shutting down the internet would only accelerate the world towards realizing that. They cannot afford, at this point, to shut down the internet.
Firstly, I would say that the actions of FTX do not reflect on bitcoin itself. The network is still running, it is still being audited every 10 minutes, its supply is still hard capped at 21 million coins, and the hashpower is still growing, making it more secure all the time.
Second, there is immense difference between bitcoin, which runs on proof of work, and other digital assets that run on proof of stake (the federal reserve note also falls into the PoS category). The latter are what we refer to as "shitcoins". Bitcoin is not a shitcoin, and technically it is not even a crypto. It is a digital commodity, the only of its kind in the world.
Lastly, with regards to Trump: He also pushed the jabs, even though we know that he knows the truth about vaccines (and 9/11, election fraud, hussein's birth certificate, etc. It is all there if you go far enough back on his twitter). Is it possible that he is also playing dumb with bitcoin because it is a conversation that the broader public is not yet ready to have? Keep in mind, the vast majority, including most of MAGA, don't even realize that the FedNote is about to lose its reserve status.
Worth noting also that General Flynn tweeted about bitcoin's importance back in 2015, while in the same tweet also predicting Central Bank Digital Currencies. Even Flynn has been playing dumb about bitcoin more recently, even though the 2015 tweet is still up.
And RFK Jr. has recently tweeted directly about it as the counter to the CBDC. Wouldn't it be interesting if he ends up as DJT's running mate and causes DJT to "change his mind" about bitcoin?
As long as there aren't enough number of people who sell goods and services in bitcoin, price fixed in bitcoin and not dollars (FERNs) bitcoin is not a way to full freedom. Think about it a little bit deeper and you will understand why.
Bitcoin was a great prototype to give people the taste of what freedom currency shall look like. But the real freedom currency cannot be any crypto that already exists. Why? Simple. Currency can never have first comer advantage. Thats cabal's way of doing things.
Another way to think about it: We dont want our grandkids to be disadvantaged just because they came in a few decades later. Thats what currency should be - just a denotion of value with no inherent advantage.
Are you familiar with bitcoin's inflation protocol and how mining works?
I'm not sure what you mean by an "inherent" advantage. Bitcoins will continue to be mined for another hundred years. After that it will be the same 21 million coins circulating forever, minus any coins that are lost due to lost keys. Miners will still make money, but it will all have to come from transaction fees.
Are you familiar with bitcoin's inflation protocol and how mining works?
Inflation protocol is designed to ensure the coins don't lose value by being created in abundance and hence reduces the amount that can be mined every 4 years or so. What I am talking about is the opposite - the apparent increase in value, not loss of value and hence this is not relevant to my comments.
I'm not sure what you mean by an "inherent" advantage.
There are many many factors at play here, but it all boils down to the fact that bitcoin never managed to shake off the shackles of the CB economy from the get go. Simply put, not all coins are equal. And this is a function of the amount of money pumped by the Cabal into the bitcoin ecosystem, and hence bitcoin never saw the taste of free market.
That does not mean bitcoin cannot actually free itself. But to do that a few things need to happen:
People using bitcoin should stop using exchanges
Everyone should use on-ramp and off-ramp that are pure barter. Not using FERNs.
Bitcoin price must be strictly market discovered. If exchanges or Fed pumps money, immediately it should be possible to arbitrage this and bring the prices back to the market price (which should be based on the energy cost and currency demand)
All sellers should use bitcoin as the primary currency unit. So a price of a meal or a TV or anything else should not be dependant on the FERNs, just bitcoin.
If all these things happen, you will see a sudden correction in the Bitcoin price, and as a result the inherent advantage will be wiped out. But at that point it does not matter whether you use bitcoin itself or a better implementation.
It got taken over by Marxists? Please provide me evidence of your claim. Specifically: what exactly did they CHANGE in the original bitcoin protocol to allow the currency to be taken over and “controlled”?
It doesn’t exist. I’ll continue holding my “bag”, which is a bag that I am up multiple thousands of percentage points on.
Getting in at $900 in 2017 was life changing, and guess what… getting in at $30k will become life changing 5-6 years later as well.
You can continue to sit on the sideline with your bag of beef.
Just look at what makes good money and then also look at the changes that got implemented into BTC up until at least august 2017. Currently BTC is high fees for transaction and a long wait time for confirmation that everybody suddenly need to do because the marxists implemented something called "replace by fee" meaning you can scam the vendor by resending the previously sent Bitcoin first sent to the vendor to another address instead before the confirmation happens.
Check out how blue haired asshole infiltrated Gavin (Bitcoin maintainer after Satoshi stopped posting) and took over control of the repository and used massive censorship tactics to silence segwit and small block opposition in the exact same tactics like they have been doing in other areas.
In this paper, we propose a solution to the double-spending problem using a peer-to-peer distributed timestamp server to generate computational proof of the chronological order of transactions. The system is secure as long as honest nodes collectively control more CPU power than any cooperating group of attacker nodes.
The whole point was for it to not be possible. And this is still the case for Bitcoin Cash.
0-conf was eliminated, transaction limits was put in place without caring for Satoshi's coded suggestions to increase the limit when it got close to full.
Fuck, even the blue-haired Marxist that subverted Gavin and took over the control of the Bitcoin repository should be a warning flag for most people, but most maxies like you are just too dumb to care about anything other than the value against the dollar.
Congratulations, you are all on the number go up train. You did also get in light-years me and after the blockwars/censorship battle was happening.
I got in at $34 in 2013, and obviously know much more of Bitcoins history as I lived through the divide and conquer tactics of the swamp.
I am an OG Bitcoiner that was there before the split and learned the tech and read the white paper several times. You have not even read it once and are in it for all the wrong reasons (speculations and number goes up) instead of pushing for p2p money for the entire world).
On the technicals and historical aspect you have NOTHING.
You BTC NPC Ma(r)xi(t)s s are all the same, blasting on about #currentpriceindollars while the tech is completely torn apart under the hood and thus useless as a peer to peer electronic cash like described in the whitepaper.
You are so blissfully ignorant of how the deep state has taken over BTC (their once biggest threat back then).
Well done. Enjoy the #lambo #numbergoesup subversion of bitcoin through the shit settlement solution called lightning while smelling your own fart while running your useless FuLl nOdE on a raspberry pi.
Agree. Jeff Booth was an interesting guest. I needed to listen multiple times to get what he was saying. Rugpull is such an optimistic show and it is about bitcoin. I don't even own any but I still love to listen to that show, Kyle on Defected (and his own Rumble show "Just Human") is such a great digger. He reads us the boring stuff that we would probably not read on our own (even though it is important).and he breaks it up with comments and comparisons.
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.
The opposite scenario is also true. Government can confiscate your gold and silver if they want. Try crossing a border with 100k in gold and see how far you get.
The EMP argument is extremely farfetched if you ask me and not a good reason to dismiss the entire concept of digital currency, which has lots of good applications.
No one is arguing that Bitcoin can be used at all times under all circumstances - sure, if the government kills the power grid and/or the internet it will cause disruptions but no one will lose their money. It still can't be confiscated and will still be there when the grid is restored.
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.
What exactly were they able to change in the protocol to make it controllable?
Lmao
You are spewing pure bullshit :)
I already told you. Censorship (especially on r/Bitcoin and bitcointalk), subversion of code repository, and lies about block size change intentions (New York agreement) and manipulating miner greed. Divide and conquer like they always do.
One day you will realize that you are the commie of crypto and have teamed up with big banks through tether and bitfinex to create the next iteration of the banking industry when ever you use lightning.
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.
What do you think of the push for layer 2 networks for scaling?
Personally I remember the hash wars of 2017, where factions fought over the Bitcoin block size being permanently capped at 1MB. Unfortunately in my opinion, the bad guys won that battle and now Bitcoin is forever crippled and will probably never reach its full potential. This is why Bitcoin growth has stalled and it became all about HODLing instead of appreciating the art of peer to peer digital commerce. Layer 2 seems to be nothing more than the central bankers attempt to insert themselves back into the mix while making it look like Bitcoin was just fundamentally flawed and they are providing services on top of it so they own the tracking and metadata layer.
I'm still fairly new to the bitcoin space. My orange pill moment was watching the drama with the trucker protests in Canada, and shortly after watching Clif High explain BTC on the Devolution Power Hour. Do you have anywhere you'd recommend that I can read up on the topics you mentioned?
There has been a concerted effort to delete all historical accounts of what happened during the covert BTC takeover so it's almost impossible for new people to learn about but this documentary sums it up very nicely.
https://youtube.com/watch?v=eafzIW52Rgc
I also just found this article which looks pretty good.
https://blockgeeks.com/guides/bitcoin-cash/
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.
Bitcoin doesn't rely on DNS. Plenty of nodes just use IP addresses. There is no reason taking out DNS would have any impact on the network other than maybe some spotty connectivity or poorly coded wallets not working but it would by no means be a disaster.
There is also Tor which doesn't use DNS so that would be totally unaffected.
Oh shit! IP addresses! There's no way those can be blocked. I'm done with you guys. Put all your money into bitcoin.
I notice you never explained anything about why you hold that position, just dooming and showing you don't know anything about how any of this actually works.
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.
Show me your degree then. Prove to me that you have what you say you have. Then prove that you actually put in the work to earn that degree and didn't just photoshop the document. Provide your Proof of Work.
The above is why bitcoin is designed with a public ledger, because the reason that fiat scams have been able to work throughout history is because bankers have been able to convince people to trust them when they say they have gold that they do not actually have.
That all goes out the window when people no longer need to trust, and can instead verify.
You fail to see the forest for the trees. I get it, you’re all-in on Bitcoin. Cool. There’s a decent chance you’ll make some money. But my point stands and your attempts to attack the messenger reveal your own insecurities. Best of luck to you.
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.
Sorry, but I prefer to br able to physically hold my wealth in my hands. Preferably precious metals and stones.
If you can't actually hold it in a tangible way, you don't really own it. Digital currencies are no different. What happens when [they] decide to shut the internet down when the People decide noncompliance is warranted?
Ok look, do you really think people haven't thought of this? Bitcoin is now almost 15 years old, and there's been Trillions of dollars worth of capital invested in it. You think investors with that much money don't have these same concerns? These were some of the first areas of concern ever addressed by its original creator(s). Many many people have said the same thing since day 1. And yet, they trust Bitcoin.
Why?
Because the network is robust and secure. It cannot be shutdown without destroying EVERY SINGLE COMPUTER in the world which runs a node, and that could be in a data center or someone's basement in a third world country. There is a reason people in Venezuela smuggle ASIC miners into the country and use their free electricity to mine to a wallet which belongs to a relative in the US so they can send food and supplies back home.
Anything you can hold in your hand, the government can also take from you at gunpoint. Or did we not learn the lesson of 1933?
I would say the opposite is true. The only thing that you truly own are your thoughts, knowledge and memories. All you have to do to secure your bitcoin is memorize 12 words, or write them down and store them discreetly in a way that only you can identify the words. Anything physical that you own, you only do so at the pleasure of someone able to exert more physical force than you.
And as for shutting down the internet. Their system relies on the internet as well, to manipulate their fake money and to con the masses into believing that it still has value. There is no physical backing left in fiat currency, and shutting down the internet would only accelerate the world towards realizing that. They cannot afford, at this point, to shut down the internet.
The internet is going down. Count on it.
This is like asking a random stranger to guard your gold for you, then blame the gold when the random stranger steals your gold and vanish.
Firstly, I would say that the actions of FTX do not reflect on bitcoin itself. The network is still running, it is still being audited every 10 minutes, its supply is still hard capped at 21 million coins, and the hashpower is still growing, making it more secure all the time.
Second, there is immense difference between bitcoin, which runs on proof of work, and other digital assets that run on proof of stake (the federal reserve note also falls into the PoS category). The latter are what we refer to as "shitcoins". Bitcoin is not a shitcoin, and technically it is not even a crypto. It is a digital commodity, the only of its kind in the world.
Lastly, with regards to Trump: He also pushed the jabs, even though we know that he knows the truth about vaccines (and 9/11, election fraud, hussein's birth certificate, etc. It is all there if you go far enough back on his twitter). Is it possible that he is also playing dumb with bitcoin because it is a conversation that the broader public is not yet ready to have? Keep in mind, the vast majority, including most of MAGA, don't even realize that the FedNote is about to lose its reserve status.
Worth noting also that General Flynn tweeted about bitcoin's importance back in 2015, while in the same tweet also predicting Central Bank Digital Currencies. Even Flynn has been playing dumb about bitcoin more recently, even though the 2015 tweet is still up.
And RFK Jr. has recently tweeted directly about it as the counter to the CBDC. Wouldn't it be interesting if he ends up as DJT's running mate and causes DJT to "change his mind" about bitcoin?
So the solution for being involuntarily switched to digital currency... is to voluntarily switch yourself to digital currency?
As long as there aren't enough number of people who sell goods and services in bitcoin, price fixed in bitcoin and not dollars (FERNs) bitcoin is not a way to full freedom. Think about it a little bit deeper and you will understand why.
Bitcoin was a great prototype to give people the taste of what freedom currency shall look like. But the real freedom currency cannot be any crypto that already exists. Why? Simple. Currency can never have first comer advantage. Thats cabal's way of doing things.
Another way to think about it: We dont want our grandkids to be disadvantaged just because they came in a few decades later. Thats what currency should be - just a denotion of value with no inherent advantage.
Are you familiar with bitcoin's inflation protocol and how mining works?
I'm not sure what you mean by an "inherent" advantage. Bitcoins will continue to be mined for another hundred years. After that it will be the same 21 million coins circulating forever, minus any coins that are lost due to lost keys. Miners will still make money, but it will all have to come from transaction fees.
Inflation protocol is designed to ensure the coins don't lose value by being created in abundance and hence reduces the amount that can be mined every 4 years or so. What I am talking about is the opposite - the apparent increase in value, not loss of value and hence this is not relevant to my comments.
There are many many factors at play here, but it all boils down to the fact that bitcoin never managed to shake off the shackles of the CB economy from the get go. Simply put, not all coins are equal. And this is a function of the amount of money pumped by the Cabal into the bitcoin ecosystem, and hence bitcoin never saw the taste of free market.
That does not mean bitcoin cannot actually free itself. But to do that a few things need to happen:
People using bitcoin should stop using exchanges
Everyone should use on-ramp and off-ramp that are pure barter. Not using FERNs.
Bitcoin price must be strictly market discovered. If exchanges or Fed pumps money, immediately it should be possible to arbitrage this and bring the prices back to the market price (which should be based on the energy cost and currency demand)
All sellers should use bitcoin as the primary currency unit. So a price of a meal or a TV or anything else should not be dependant on the FERNs, just bitcoin.
If all these things happen, you will see a sudden correction in the Bitcoin price, and as a result the inherent advantage will be wiped out. But at that point it does not matter whether you use bitcoin itself or a better implementation.
The same things you knock bitcoin for
Also apply to gold, silver, and almost any asset.
Exactly why I am not talking about assets but currencies.
The difference between assets and bitcoin… bitcoin can be near instantly transacted across the globe in under 30 seconds for just pennies in fees.
That, even if it were true (sadly it isn't from my own experience) has no relevance to the discussion we are having.
Why is he pushing BTC when that's not real bitcoin though?
It is real bitcoin.
BSV is a fake and Craig Wright is a fraud.
Lol bitcoin was never intended to have the level of fees they currently do over at the BTC concentrate camp.
It got taken over by Marxists and you can't even realize it because you are too busy holding your bags.
BTC/OneMeg-Greg is a fraud and BSV/faketoshi is a fraud.
It got taken over by Marxists? Please provide me evidence of your claim. Specifically: what exactly did they CHANGE in the original bitcoin protocol to allow the currency to be taken over and “controlled”?
It doesn’t exist. I’ll continue holding my “bag”, which is a bag that I am up multiple thousands of percentage points on.
Getting in at $900 in 2017 was life changing, and guess what… getting in at $30k will become life changing 5-6 years later as well.
You can continue to sit on the sideline with your bag of beef.
Just look at what makes good money and then also look at the changes that got implemented into BTC up until at least august 2017. Currently BTC is high fees for transaction and a long wait time for confirmation that everybody suddenly need to do because the marxists implemented something called "replace by fee" meaning you can scam the vendor by resending the previously sent Bitcoin first sent to the vendor to another address instead before the confirmation happens.
Check out how blue haired asshole infiltrated Gavin (Bitcoin maintainer after Satoshi stopped posting) and took over control of the repository and used massive censorship tactics to silence segwit and small block opposition in the exact same tactics like they have been doing in other areas.
Bitcoin Cash is the Trump of money.
And lmfao what you described is something that is possible on EVERY blockchain.
It’s called double spending, or replacing transactions.
Any transaction that is not CONFIRMED, can be replaced, on any blockchain.
This has nothing to do with some “change” the M4RX1575 have made.
Idiocy at it’s finest.
Lol you are too dumb...
From the Bitcoin white paper:
The whole point was for it to not be possible. And this is still the case for Bitcoin Cash.
The fee and block time for bitcoin has not changed since the genesis block.
The fee is only “high” because bitcoin is SO VALUABLE. Never the less, the average fee is still less than $0.25, regardless of transaction size.
Bitcoin Cash is a joke that is having lower highs and lower lows.
Wake up!!!
0-conf was eliminated, transaction limits was put in place without caring for Satoshi's coded suggestions to increase the limit when it got close to full.
Fuck, even the blue-haired Marxist that subverted Gavin and took over the control of the Bitcoin repository should be a warning flag for most people, but most maxies like you are just too dumb to care about anything other than the value against the dollar.
Congratulations, you are all on the number go up train. You did also get in light-years me and after the blockwars/censorship battle was happening.
I got in at $34 in 2013, and obviously know much more of Bitcoins history as I lived through the divide and conquer tactics of the swamp.
I am an OG Bitcoiner that was there before the split and learned the tech and read the white paper several times. You have not even read it once and are in it for all the wrong reasons (speculations and number goes up) instead of pushing for p2p money for the entire world).
On the technicals and historical aspect you have NOTHING.
Maybe we Americans just need to say we have had enough and knock the dust off of Ron Paul's bill (HR 875) to repeal the Federal Reserve Act:
https://www.congress.gov/bill/98th-congress/house-bill/875
And how do you propose we get that through Congress in its present form, let alone past Biden's desk?
BTC got taken over by Epstein Crew in 2015, it does not function like bitcoin any more.
Bitcoin Cash (BCH) on the other hand...!
Bitcoin Cash is a joke 😂😂😂😂
Believe that and you will be sadly butt hurt as real btc holders grow wealthy, while your wealth dwindles to $0
BCH is a dead coin walking.
It won’t survive another 2 bear cycles… because it loses more than it gains during bull cycles. The charts prove this.
You probably don't even realize that you are using the exact same talking-point against Bitcoin Cash that MSM used against Bitcoin in the beginning.
BTC/NPC Maxis are the lefties of Crypto.
You BTC NPC Ma(r)xi(t)s s are all the same, blasting on about #currentpriceindollars while the tech is completely torn apart under the hood and thus useless as a peer to peer electronic cash like described in the whitepaper.
You are so blissfully ignorant of how the deep state has taken over BTC (their once biggest threat back then).
Well done. Enjoy the #lambo #numbergoesup subversion of bitcoin through the shit settlement solution called lightning while smelling your own fart while running your useless FuLl nOdE on a raspberry pi.
Hahahaha
You’ve still yet to tell me EXACTLY how the deep state has “taken over” and “controls” bitcoin.
Holding lots bitcoin has no control power, so that isn’t it.
You are making shit up, to try and get your bag (that you are surely severely DOWN on) pumped back up a bit.
Guess what, it won’t work, because bitcoin cash is trash and doomed to fail no matter what.
https://greatawakening.win/p/16b5usnn7c/x/c/4TtqMCt0Rt8
Ok maxi.
https://rumble.com/v2kq102-rugpull-radio-ep-28-1030-pm-et-.html GMONEY and Patriots in Progress interview with Jeff Booth start 25:00 You will get a great rundown on Bitcoin.
Absolute banger episode. Rugpull imo is quietly the best show on Badlands next to Defected.
Agree. Jeff Booth was an interesting guest. I needed to listen multiple times to get what he was saying. Rugpull is such an optimistic show and it is about bitcoin. I don't even own any but I still love to listen to that show, Kyle on Defected (and his own Rumble show "Just Human") is such a great digger. He reads us the boring stuff that we would probably not read on our own (even though it is important).and he breaks it up with comments and comparisons.
It's good to have a little bit of crypto... but PM still reins king the world over, especially when the power goes out.
Fuck btc, the transaction fees are insane.
https://t.me/bullionbitcoinbs/27288
Sauce ^