Yes, IMHO the author is either Pollyanna naive and ignoring the abuses already occurring or is a charlatan for CBDC (Central Bank Digital Currency). After all, he said,
"I don’t fear any of this. (ergo, Central Bank Digital Currency).
The author then says,
"Digital currency is based on one thing: Blockchain technology.
Blockchain is a distributed ledger technology that is decentralized. The opposite of what the cabal wants, and clearly not their plan."
IMHO, all digital currency is vapor-ware. If you don't possess it, you will lose it sooner or later. This is why the old-age saying, "Possession is nine-tenths of the law". It has been shown that Bitcoin and others competing brands are controlled false fronts being used to 'normalize' digital currency, so that out of the ashes rises the CBDC. In the CCP, it took one act to eliminate blockchain digital currencies. In Canada, we saw how the Trudeau government shutdown and seize the trucker protesters bank accounts and crypto-currency accounts. Again, possession is nine-tenths of the law. He then states,
"Does anybody think that Bitcoin was part of the cabal plan? A technology that decentralizes things and makes transactions open and transparent?"
I have seen reports that it is being used by the cabal as I mentioned above.
"They have been forced to compete with technology that is improving because of cryptocurrencies and innovations from fintech companies."
Central banks don't compete. That's the problem. It is the biggest monopoly in history and the biggest Ponzi scheme in all of history. They're joined at the hip of nearly every government in the world. That is called fascism. Just ask Muammar Gaddafi competing with the Central banks. Jonathan Mays, etc. The Central Banks are already using their power of being joined to government (fascism) to bring down cryptocurrencies.
In addition, BRICS being based on 50% gold is indeed a good thing, but is it redeemable in gold? In other words, will any individual be able to exchange the currency into physical gold? It's too early to tell. Moreover, this multi-polar currency will be digital too. Again, we are back to vapor-ware and actual possession. Digital currency is the antithesis of physical possession.
And then there is this. I got rid of my cell phone 6-years ago because I saw this coming. I will not be part of the Beast System. This will be the hill I die on.
As a metaphor, this is true only if there is trust that the paper denomination is redeemable in gold and can be exchanged to gold. Paper denominations are a receipt for 'something' of value.
Older dollars stated on the paper denomination that it was redeemable in gold. For example, 1928 five dollar bills are special because they were redeemable in gold. They read, “Redeemable In Gold On Demand At The United States Treasury, Or In Gold Or Lawful Money At Any Federal Reserve Bank.” The above phrase is known as the gold clause. This phrase does not make 1928 Federal Reserve note five dollar bills also gold certificates. Gold certificates have a gold seal and were not even printed for the five dollar denomination in 1928. There's more examples than this, but the history of what was printed on dollars tells a story and that is of confiscation of the peoples gold and silver.
Most ordinary people didn't act to redeem the paper currency to gold. They could have, if the chose to do so. They were satisfied with the paper denomination as their receipt for 'something' of value due to the trust in government to make good on their promise.
The Golden Rule: Whoever has the gold makes the Rules. If the individual doesn't physically possess gold and silver, problems of theft will soon after occur. Governments are always very good at doing this. BRICS may give us a set of new problems, but at least it is better than FRBS.
Then there is those pesky details around Jeffrey Epstein and his pedo pals being deeply embedded in the MIT departments that developed good ol' bitcoin.
No one seems to talk about that one. Not just supporting. Embedded.
I'm glad you brought that up. I do recall reading about this. The MIT departments that developed Bitcoin was funded by 'someone' that I don't recall. Was it DARPA? or someone else? There is a hidden hand in all of this crypto-currency. The Epstein connection illustrates the seeming direction.
If you have more info on this, I'd be interested in reading more on the subject.
I know Epstein funded the company that's working on the lightning network which is an attempt to centralize Bitcoin. Of course they're going to try to infiltrate it.
Well stated. You're explaining some of the reasons I'm suspicious of crypto. All that anyone has to do is kill the electricity somewhere and you have no access to your wealth. Deal-killer. We live in a physical world, our liquid wealth must be physical and tangible.
There's also the question of why we've gone --what, 20 years?-- with crypto and it's still not consistently tradeable into physical assets. Billions in digital coins traded on digital platforms, and they have no more of a use than baseball cards.
I have faith in BRICS. Their gold backed currency will be a stablecoin that ends central bank funny money and fiat manipulation. Plus, Trump's BFF Muhammed bin Salman will be a huge influence in that system. I'm excited.
All that anyone has to do is kill the electricity somewhere and you have no access to your wealth. Deal-killer. We live in a physical world, our liquid wealth must be physical and tangible.
A very small fraction of dollars have any sort of physical existence.
There's also the question of why we've gone --what, 20 years?-- with crypto and it's still not consistently tradeable into physical assets.
15 years and It's trivially easy to convert crypto into any physical asset. Or stocks, bonds etc.
I have faith in BRICS. Their gold backed currency will be a stablecoin that ends central bank funny money and fiat manipulation.
It's a good point you make. I recognize BRICS as an answer to ending the fractional reserve systems Ponzi Scheme. All Ponzi schemes accelerate out of control. This is what we are now witnessing with the FRBS. BRICS is there to prevent the Cabal's attempt to create a digital Ponzi Scheme.
As long as currency is not redeemable in gold, there will be problems. The Golden Rule: Whoever has the gold makes the Rules. If the individual doesn't physically possess gold and silver, problems of theft will soon after occur. Governments are good at doing this. BRICS may give us a set of new problems, but at least it is better than FRBS.
IMHO, all digital currency is vapor-ware. If you don't possess it, you will lose it sooner or later. This is why the old-age saying, "Possession is nine-tenths of the law".
By that logic, is any software NOT vaporware? The thing you must possess is the private key, which you can generate offline and is meant to be kept secure and backed up, hence the word private.
It has been shown that Bitcoin and others competing brands are controlled false fronts being used to 'normalize' digital currency, so that out of the ashes rises the CBDC.
Bitcoin is an open source technology, like Linux or Email. It was always meant to be forked and experimented with. I happen to prefer a different version of Bitcoin called Bitcoin Cash, which forked away from BTC in 2017 due to the BTC dev team refusing to increase Bitcoin's block size, which severely crippled its growth. That is the reason for the explosion of shitcoins because they couldn't build on BTC due to its limited capacity.
In the CCP, it took one act to eliminate blockchain digital currencies. In Canada, we saw how the Trudeau government shutdown and seize the trucker protesters bank accounts and crypto-currency accounts.
I don't know what you are talking about with the CCP, Bitcoin is still alive and well in China. Most of the miners and mining hardware manufacturers are there too.
In Canada the reason people's funds were able to be seized was they were using centralized exchanges and third party intermediaries. Whoever set up the donation address used a custodial wallet and that was their mistake. If they had set up a private multisig wallet, yeah, maybe the government would be able to track it, but they couldn't have seized it.
The Canadian Truckers is more of an argument for digital privacy. If they had used Monero, no one would have had their money stolen, or even heard about it.
Central banks don't compete.
Right. And now they have to. They grew accustomed to their monopoly and Bitcoin knocked it off track. Do you recall the Silk Road? It's what alerted most of the feds to the threat that Bitcoin posed, because people were able to trade online anonymously and it scared the shit out of them, to the point they created a whole psyop to twist the message of Bitcoin from "A Swiss bank in everyone's pocket" to "HODL LaMbOs To ThE mOoN bRoOoO!" and its been downhill from there.
You practically answered your own question. This question addresses all others. It takes one electrical surge and 'poof' it's gone. Electrical pulses are a poor substitute for something of value. Even the paper denomination is suppose to be a receipt for 'something' of value is obviously more material than an electrical pulse. Like Mexico's paper denominations in the 1980s that became worthless, at least people who ended up having them can say for posterity that it symbolizes why physical gold and silver are things that always has value. That paper denominations are not anything of value.
This leads me to the question that hasn't been answered. The CBDC in the current form is the same Ponzi scheme as the fractional reserve system. All Ponzi schemes accelerate before they collapse. This is what we are now witnessing. There is no way to remain master over a Ponzi scheme. So, the old one has to be ended and a new one created. Ponzi schemes are inherently illegal. Yet, this is what the fractional reserve banking system is. The reason it survived this long is because governments are enjoined to it and enforce it. Ending the Ponzi scheme with another that is worldwide doesn't solve the inherent characteristics of all Ponzi schemes. That is, a Ponzi scheme always accelerates out of control. Presently, the paper denomination is suppose to be a receipt for 'something' of value. Bretton Woods II removed gold as that 'something' that backed it.
So, the question always comes down to "Who controls the gold?" This is the shell game that's being played. In the current system, there isn't really any gold being played in the shell game.... At least to the plebeian individual that is. Notwithstanding, governments and global elite use it to give backing to the FRBS system. Gold and silver has always had intrinsic value. This is incontrovertible throughout history. Therefore, it is as if it is God's currency. At least BRICS recognizes its monetary system needs to be backed by at least 50% gold. Ghadafi had the same idea for his pan-African currency. The West stole all of Ghadafi's gold. My reservation to BRICS is whether the individual can redeem currency in physical gold? The Golden Rule: Whoever has the gold makes the Rules. If the individual doesn't physically possess gold and silver, problems of theft will soon after occur. Governments are good at doing this.
It takes one electrical surge and 'poof' it's gone.
This is just wrong and it's laughable that anyone still thinks this is true of any crypto. If this was the case why has it survived this long? All you are showing is that you don't understand how it works.
One electrical surge and it's gone? No, You'd need a worldwide EMP to take out every single computer running the software. It's impossible, barring something like an extreme solar flare or asteroid hitting the earth. That's why it's such a big deal - for the first time in history people can keep records in a decentralized database that no one can alter. That's the value, it has nothing to do with all the stupid hype that people talk about. Almost everyone misses the point.
We agree on the gold/Ponzi/CBDC stuff. But bitcoin/crypto is its own thing, that doesn't depend on gold or any fiat currency to survive. Bitcoin itself has a hard supply cap so no one can ever "print" more than is supposed to exist, and anyone can audit the supply at any time. That means no one can cheat the system. If you think Bitcoin was/is part of the CBDC plan, why would they create something like that?
This reminds me of a FarSide cartoon, to which two long-necked dinosaurs said to the other, "It would take an extinction level event to end all this." They both laughed, "Right! Like that's going to happen!". What did NASA just announce? Gold is forever. Digital currency requires milliVolts that can easily be shut down just like the voting in Georgia.
The CBDC digital currency is a much faster shell game, but a Ponzi Scheme lives and dies as one no matter how much it is disguised.
Digital currency is coming, the question is who controls its creation. A gold backed blockchain derived digital currency with safeguards and banking reorganiztion wouldnt necessarily be a bad thing.
The pedo death cult is pushing for a digital fiat that they can cut off on a whim.
I believe this article is a continuation of Joe Langes Master and Commander deries.
The gold standard will always be a trust based system. It does not matter how many layers of safeguards you stack on top of it, governments and banks will always find a way to print over the gold. The trust based nature of gold-backed currency is, and will always be, its fatal flaw.
This is why Bitcoin is a core element of the plan. Bitcoin is bankless, stateless and trustless money, and it eliminates their ability to ever run this scam again.
Bitcoin is bankless, stateless and trustless money, and it eliminates their ability to ever run this scam again.
True, but what do you think about the Bilderberg takeover of Bitcoin and the refusal to increase the block size? Were you around during the block size debates and the hash wars?
Personally I think it's a shame what happened and now I believe BTC is destined to fail, but the silver lining is that it may take the entire corporate/government/central bank power structure with it.
The refusal to increase block size was completely asinine in the long run considering how cheap storage has become in the years since. The argument that it somehow made the crypto space more inaccessible has completely fallen apart
As crazy as it sounds, I feel like the crypto space is more inaccessible now than ever, in some ways. I couldn't imagine being new to the space now. It went from "Hey, it's encrypted digital money with no bank involved" to "Here's how to get rich quick, buy my meme token" real fast
Did you know that JFK introduced Silver certificates (by Treasury) to facilitate competition in the marketplace between real money (silver) and the fiat currency of the Fed?
Some people prefer tangibles, also gold/silver could still be used offline privately. There are some blockchain projects that use a coin "burning" mechanism to artificially adjust supply. Something like that could be used to convert digital coins to physical coins.
I like Joe Lange, but he is dead ass wrong here. The CBDC (not election fraud, covid, russiagate, pedo shit, etc) is going to be the redpill to end all redpills. Anyone who can watch the government turn off their ability to buy and sell at a whim, and not wake up, frankly, deserves to follow Pharoah to the bottom of the sea.
But thankfully, there is an escape hatch. It is called Bitcoin.
He’s only going to be an office for four more years. That’s it… He can’t control it with his out of office. I don’t even know if he can control him when he is an office. Everything is going completely off the rails.
So now Central Bank Digital Currencies are a good thing?
F' me
You would have to have lived under a rock for the last several years to think this will not be turned against us. Once it is in place, there is no turning back. No matter how abused it becomes, there will be no way to turn it back.
I didn't say anything about a magnanimous dictatorship. Not sure what you're talking about.
They are already in control of the monetary system and they know that it is dying, so they've engineered the destruction of their own system in order to create a temporal zero point with which they intend to easily replace the old system with their new system. White hats can hijack this coming zero point in order to institute a free market system. The only known way to do that is crypto. Unless you got a better idea.
"Crypto is the only known way to institute a free market system" is an assertion that has no argumentation supporting it.
North's comment is pointing to the fact that once that system of control actually exists, it cannot be turned. Therefore, the only viable course is to ensure that the system of control (CBDC) never comes into being in the first place.
You say it is 'against us by default'. That doesn't mean that the system of control is achieved or anything other than a potential at the moment.
Your comment implies that a CBDC can be established that is NOT about control. Perhaps you don't really know what CBDC means. It means one central entity controls that currency 100%.
Cryptos can and have been completely shut down in some nations. Cryptos in an of themselves are not a solution.
As an aside, POTUS Trump mentioned Liquid Gold again in GA's speech today. 'We have more liquid gold than anyone.' or something to that effect. I've said it before, maybe the gold that will destroy the fed is oil (liquid gold)?
IMHO, no. CBDC represents uni-polar private control. Trump favors multi-polar money system.
Did you read the article?
Yes, IMHO the author is either Pollyanna naive and ignoring the abuses already occurring or is a charlatan for CBDC (Central Bank Digital Currency). After all, he said,
The author then says,
IMHO, all digital currency is vapor-ware. If you don't possess it, you will lose it sooner or later. This is why the old-age saying, "Possession is nine-tenths of the law". It has been shown that Bitcoin and others competing brands are controlled false fronts being used to 'normalize' digital currency, so that out of the ashes rises the CBDC. In the CCP, it took one act to eliminate blockchain digital currencies. In Canada, we saw how the Trudeau government shutdown and seize the trucker protesters bank accounts and crypto-currency accounts. Again, possession is nine-tenths of the law. He then states,
I have seen reports that it is being used by the cabal as I mentioned above.
Central banks don't compete. That's the problem. It is the biggest monopoly in history and the biggest Ponzi scheme in all of history. They're joined at the hip of nearly every government in the world. That is called fascism. Just ask Muammar Gaddafi competing with the Central banks. Jonathan Mays, etc. The Central Banks are already using their power of being joined to government (fascism) to bring down cryptocurrencies.
In addition, BRICS being based on 50% gold is indeed a good thing, but is it redeemable in gold? In other words, will any individual be able to exchange the currency into physical gold? It's too early to tell. Moreover, this multi-polar currency will be digital too. Again, we are back to vapor-ware and actual possession. Digital currency is the antithesis of physical possession.
And then there is this. I got rid of my cell phone 6-years ago because I saw this coming. I will not be part of the Beast System. This will be the hill I die on.
Even when the dollar was gold backed, people didn't possess it. They possessed paper gold.
As a metaphor, this is true only if there is trust that the paper denomination is redeemable in gold and can be exchanged to gold. Paper denominations are a receipt for 'something' of value.
Older dollars stated on the paper denomination that it was redeemable in gold. For example, 1928 five dollar bills are special because they were redeemable in gold. They read, “Redeemable In Gold On Demand At The United States Treasury, Or In Gold Or Lawful Money At Any Federal Reserve Bank.” The above phrase is known as the gold clause. This phrase does not make 1928 Federal Reserve note five dollar bills also gold certificates. Gold certificates have a gold seal and were not even printed for the five dollar denomination in 1928. There's more examples than this, but the history of what was printed on dollars tells a story and that is of confiscation of the peoples gold and silver.
Most ordinary people didn't act to redeem the paper currency to gold. They could have, if the chose to do so. They were satisfied with the paper denomination as their receipt for 'something' of value due to the trust in government to make good on their promise.
The Golden Rule: Whoever has the gold makes the Rules. If the individual doesn't physically possess gold and silver, problems of theft will soon after occur. Governments are always very good at doing this. BRICS may give us a set of new problems, but at least it is better than FRBS.
Then there is those pesky details around Jeffrey Epstein and his pedo pals being deeply embedded in the MIT departments that developed good ol' bitcoin.
No one seems to talk about that one. Not just supporting. Embedded.
I'm glad you brought that up. I do recall reading about this. The MIT departments that developed Bitcoin was funded by 'someone' that I don't recall. Was it DARPA? or someone else? There is a hidden hand in all of this crypto-currency. The Epstein connection illustrates the seeming direction.
If you have more info on this, I'd be interested in reading more on the subject.
Can you give me some info about that?
I know Epstein funded the company that's working on the lightning network which is an attempt to centralize Bitcoin. Of course they're going to try to infiltrate it.
WEF and US gov are super anti crypto.
Well stated. You're explaining some of the reasons I'm suspicious of crypto. All that anyone has to do is kill the electricity somewhere and you have no access to your wealth. Deal-killer. We live in a physical world, our liquid wealth must be physical and tangible.
There's also the question of why we've gone --what, 20 years?-- with crypto and it's still not consistently tradeable into physical assets. Billions in digital coins traded on digital platforms, and they have no more of a use than baseball cards.
I have faith in BRICS. Their gold backed currency will be a stablecoin that ends central bank funny money and fiat manipulation. Plus, Trump's BFF Muhammed bin Salman will be a huge influence in that system. I'm excited.
A very small fraction of dollars have any sort of physical existence.
15 years and It's trivially easy to convert crypto into any physical asset. Or stocks, bonds etc.
Stablecoins are cryptos
It's a good point you make. I recognize BRICS as an answer to ending the fractional reserve systems Ponzi Scheme. All Ponzi schemes accelerate out of control. This is what we are now witnessing with the FRBS. BRICS is there to prevent the Cabal's attempt to create a digital Ponzi Scheme.
As long as currency is not redeemable in gold, there will be problems. The Golden Rule: Whoever has the gold makes the Rules. If the individual doesn't physically possess gold and silver, problems of theft will soon after occur. Governments are good at doing this. BRICS may give us a set of new problems, but at least it is better than FRBS.
By that logic, is any software NOT vaporware? The thing you must possess is the private key, which you can generate offline and is meant to be kept secure and backed up, hence the word private.
Bitcoin is an open source technology, like Linux or Email. It was always meant to be forked and experimented with. I happen to prefer a different version of Bitcoin called Bitcoin Cash, which forked away from BTC in 2017 due to the BTC dev team refusing to increase Bitcoin's block size, which severely crippled its growth. That is the reason for the explosion of shitcoins because they couldn't build on BTC due to its limited capacity.
I don't know what you are talking about with the CCP, Bitcoin is still alive and well in China. Most of the miners and mining hardware manufacturers are there too.
In Canada the reason people's funds were able to be seized was they were using centralized exchanges and third party intermediaries. Whoever set up the donation address used a custodial wallet and that was their mistake. If they had set up a private multisig wallet, yeah, maybe the government would be able to track it, but they couldn't have seized it.
The Canadian Truckers is more of an argument for digital privacy. If they had used Monero, no one would have had their money stolen, or even heard about it.
Right. And now they have to. They grew accustomed to their monopoly and Bitcoin knocked it off track. Do you recall the Silk Road? It's what alerted most of the feds to the threat that Bitcoin posed, because people were able to trade online anonymously and it scared the shit out of them, to the point they created a whole psyop to twist the message of Bitcoin from "A Swiss bank in everyone's pocket" to "HODL LaMbOs To ThE mOoN bRoOoO!" and its been downhill from there.
You practically answered your own question. This question addresses all others. It takes one electrical surge and 'poof' it's gone. Electrical pulses are a poor substitute for something of value. Even the paper denomination is suppose to be a receipt for 'something' of value is obviously more material than an electrical pulse. Like Mexico's paper denominations in the 1980s that became worthless, at least people who ended up having them can say for posterity that it symbolizes why physical gold and silver are things that always has value. That paper denominations are not anything of value.
This leads me to the question that hasn't been answered. The CBDC in the current form is the same Ponzi scheme as the fractional reserve system. All Ponzi schemes accelerate before they collapse. This is what we are now witnessing. There is no way to remain master over a Ponzi scheme. So, the old one has to be ended and a new one created. Ponzi schemes are inherently illegal. Yet, this is what the fractional reserve banking system is. The reason it survived this long is because governments are enjoined to it and enforce it. Ending the Ponzi scheme with another that is worldwide doesn't solve the inherent characteristics of all Ponzi schemes. That is, a Ponzi scheme always accelerates out of control. Presently, the paper denomination is suppose to be a receipt for 'something' of value. Bretton Woods II removed gold as that 'something' that backed it.
So, the question always comes down to "Who controls the gold?" This is the shell game that's being played. In the current system, there isn't really any gold being played in the shell game.... At least to the plebeian individual that is. Notwithstanding, governments and global elite use it to give backing to the FRBS system. Gold and silver has always had intrinsic value. This is incontrovertible throughout history. Therefore, it is as if it is God's currency. At least BRICS recognizes its monetary system needs to be backed by at least 50% gold. Ghadafi had the same idea for his pan-African currency. The West stole all of Ghadafi's gold. My reservation to BRICS is whether the individual can redeem currency in physical gold? The Golden Rule: Whoever has the gold makes the Rules. If the individual doesn't physically possess gold and silver, problems of theft will soon after occur. Governments are good at doing this.
This is just wrong and it's laughable that anyone still thinks this is true of any crypto. If this was the case why has it survived this long? All you are showing is that you don't understand how it works.
One electrical surge and it's gone? No, You'd need a worldwide EMP to take out every single computer running the software. It's impossible, barring something like an extreme solar flare or asteroid hitting the earth. That's why it's such a big deal - for the first time in history people can keep records in a decentralized database that no one can alter. That's the value, it has nothing to do with all the stupid hype that people talk about. Almost everyone misses the point.
We agree on the gold/Ponzi/CBDC stuff. But bitcoin/crypto is its own thing, that doesn't depend on gold or any fiat currency to survive. Bitcoin itself has a hard supply cap so no one can ever "print" more than is supposed to exist, and anyone can audit the supply at any time. That means no one can cheat the system. If you think Bitcoin was/is part of the CBDC plan, why would they create something like that?
This reminds me of a FarSide cartoon, to which two long-necked dinosaurs said to the other, "It would take an extinction level event to end all this." They both laughed, "Right! Like that's going to happen!". What did NASA just announce? Gold is forever. Digital currency requires milliVolts that can easily be shut down just like the voting in Georgia.
The CBDC digital currency is a much faster shell game, but a Ponzi Scheme lives and dies as one no matter how much it is disguised.
Digital currency is coming, the question is who controls its creation. A gold backed blockchain derived digital currency with safeguards and banking reorganiztion wouldnt necessarily be a bad thing.
The pedo death cult is pushing for a digital fiat that they can cut off on a whim.
I believe this article is a continuation of Joe Langes Master and Commander deries.
The gold standard will always be a trust based system. It does not matter how many layers of safeguards you stack on top of it, governments and banks will always find a way to print over the gold. The trust based nature of gold-backed currency is, and will always be, its fatal flaw.
This is why Bitcoin is a core element of the plan. Bitcoin is bankless, stateless and trustless money, and it eliminates their ability to ever run this scam again.
True, but what do you think about the Bilderberg takeover of Bitcoin and the refusal to increase the block size? Were you around during the block size debates and the hash wars?
Personally I think it's a shame what happened and now I believe BTC is destined to fail, but the silver lining is that it may take the entire corporate/government/central bank power structure with it.
The refusal to increase block size was completely asinine in the long run considering how cheap storage has become in the years since. The argument that it somehow made the crypto space more inaccessible has completely fallen apart
As crazy as it sounds, I feel like the crypto space is more inaccessible now than ever, in some ways. I couldn't imagine being new to the space now. It went from "Hey, it's encrypted digital money with no bank involved" to "Here's how to get rich quick, buy my meme token" real fast
Did you know that JFK introduced Silver certificates (by Treasury) to facilitate competition in the marketplace between real money (silver) and the fiat currency of the Fed?
https://en.wikipedia.org/wiki/Executive_Order_11110
I don't understand what gold backed blockchain means. What's the point of gold if scarcity is enforced by the blockchain?
Some people prefer tangibles, also gold/silver could still be used offline privately. There are some blockchain projects that use a coin "burning" mechanism to artificially adjust supply. Something like that could be used to convert digital coins to physical coins.
I was in an elevator this AM and saw a blurb that Zimbabwe had adopted a gold backed digital currency.
Oh me, where did I put my 100 million dollar bill?? 😜
I like Joe Lange, but he is dead ass wrong here. The CBDC (not election fraud, covid, russiagate, pedo shit, etc) is going to be the redpill to end all redpills. Anyone who can watch the government turn off their ability to buy and sell at a whim, and not wake up, frankly, deserves to follow Pharoah to the bottom of the sea.
But thankfully, there is an escape hatch. It is called Bitcoin.
As soon as Worldcoin™ becomes established transactions using terrorist supporting, climate destroying, cis crypto currencies will be made illegal.
Sets timer for 12 months
Even if a CBDC was "backed with gold" today, it could be "NOT backed with gold" tomorrow.
After all, that's exactly what happened with the dollar itself.
It's best to use physical gold/silver in person, and use pure crypto like Bitcoin/Monero online. They are a digital equivalent to gold/silver.
He’s only going to be an office for four more years. That’s it… He can’t control it with his out of office. I don’t even know if he can control him when he is an office. Everything is going completely off the rails.
So now Central Bank Digital Currencies are a good thing?
F' me
You would have to have lived under a rock for the last several years to think this will not be turned against us. Once it is in place, there is no turning back. No matter how abused it becomes, there will be no way to turn it back.
It's against us by default. Really the only hope is to turn this and other systems of control against them.
Really? So.... magnanimous dictatorship or evil dictatorship... the only two choices?
The only reason to turn the systems of control against them would be to then remove the systems of control altogether.
I didn't say anything about a magnanimous dictatorship. Not sure what you're talking about.
They are already in control of the monetary system and they know that it is dying, so they've engineered the destruction of their own system in order to create a temporal zero point with which they intend to easily replace the old system with their new system. White hats can hijack this coming zero point in order to institute a free market system. The only known way to do that is crypto. Unless you got a better idea.
A few thoughts.
Crypto does not equal CBDC.
"Crypto is the only known way to institute a free market system" is an assertion that has no argumentation supporting it.
North's comment is pointing to the fact that once that system of control actually exists, it cannot be turned. Therefore, the only viable course is to ensure that the system of control (CBDC) never comes into being in the first place.
You say it is 'against us by default'. That doesn't mean that the system of control is achieved or anything other than a potential at the moment.
Your comment implies that a CBDC can be established that is NOT about control. Perhaps you don't really know what CBDC means. It means one central entity controls that currency 100%.
Cryptos can and have been completely shut down in some nations. Cryptos in an of themselves are not a solution.
Why did you put quotes around "cashless society?"
Very defensive there, bossman.
How do you plan to avoid it?
This is similar to what the BRICS nations want to do with their proposed gold-backed stablecoin.
Another MOTB?
You don't need to be a member
Cheers
I just read it and I’m not a member. There is a button that says “keep reading” push that.
https://archive.ph/AjKRL
Thanks anon
But I wonder how am I getting replies in the past hour to something I deleted 7 hrs ago :p
Been away from my computer for awhile, that's all.
...but you really need to read it. No membership required for Badlands stuff. Just click the "No thanks" link on any pop-up.
I know, thank you
I deleted it 5 hours before you replied...odd!
Maybe I should refreshed my queued GAW pages occasionally. F5 is your friend!
I don't like the idea of cbdc's forced on the populace at all.
As an aside, POTUS Trump mentioned Liquid Gold again in GA's speech today. 'We have more liquid gold than anyone.' or something to that effect. I've said it before, maybe the gold that will destroy the fed is oil (liquid gold)?
Dump the hopium, and make the switch.
Hopium is opium, but hopermectin is fully dope.
https://media.greatawakening.win/post/H0UW5XF9.png
https://greatawakening.win/p/140vaJGjfd/turn-off-the-hopium-ingest-the-h/
Another day, another cope, another two weeks...
Yes. That’s why I’ve been telling you all to buy XRP.