CBDC - For THEM not US
🗣️ DISCUSSION 💬
I am 100% for all Gov $'s to be tracked via CBDC on an open ledger that we get to track and account for every dollar they receive and spend.
No more of this endless money that goes to their special interests and is laundered around the world back to the deep states pockets.
They make the nonsense CBDC's to control us, I say hell no to that - but they should be 100% controlled by their own evil creation. No more billions disappearing into the deep state swamp... hopefully the white hats have this game planned out to implement against the creators.
"The difference is that gold and silver have actual uses..." Bitcoin has an "actual" use: it's a weapon.
Nothing has inherent, immutable value, including precious metals. It's just consumer interest (including industrial consumers). Metals are interchangeable in applications, with compromise in their properties. "...intrinsic and extrinsic..." is just a way of insinuating inherent value where none truly exists. All the "...intrinsic and extrinsic..." talk truly amounts to is an academic discussion about consumer interest.
Either people (and industry) want a thing or they don't; that is the only source of value in anything, gold included. Material applications are just another form of consumer interest and they are not immutable.
My industry is not consumer based. It actually has nothing to do with consumerism, it is based on the properties of the metals and their unique uses. The prices of the products are irrelevant because we spend other people's money to buy them, so the uses are determined by the material properties and the requirement for these to be perform at a certain level for decades.
"My industry is not consumer based." There's always a consumer somewhere in business or there's no business. Manufacturers are also consumers.
"...the uses are determined by the material properties..." Those aren't immutable circumstances. Applications don't imply inherent value. Needs change. Materials can become outmoded, even just by their cost when a reasonable material compromise exists. Materials or certain material applications can even be outlawed. If nobody wants a thing, the thing becomes valueless.
We still use materials banned by the EPA because there are no suitable alternatives. The industry is unique because it is the DoD. The items manufactured are special purpose and serve specific roles that compromise is unwise at best. The uses of gold and silver in our electronic systems are because of the material properties. Gold does not corrode or tarnish and have only slightly less conductivity vs copper, but copper is even less conductive than silver. This is the reasons for silver and gold being used for specific functions for their electrical properties and resistance to corrosion and galvanic corrosion. These metals are unique and valuable because of their physical properties. Can they eventually be replaced, absolutely. However this hinges on the discovery of a new metal or material with greater electrical conductivity. We have been fairly unsuccessful in any attempt to find greater electrical conductivity properties in any metal. We have been able to find some very corrosion resistant or virtually corrosion proof metal alloys, but they are typically for certain environments.
I didn't say a material replacement necessarily offers equal or superior properties. I said compromises can be made in design and circumstances for material use can change. Those changes aren't restricted to engineering expectations. Sometimes, a material becomes more expensive than it's worth, for example, and a compromise is made. The material can also become the target of government regulation, making it less useful for an application. When those circumstances become adverse enough, nobody wants the stuff and its value becomes zero. Please see asbestos and DDT.
There are many, many other examples, including those that fell out of use due only to changes in technology. If, for example, our technology moves on from electrons to particles or radiation that aren't affected by electrical conductivity (which is taking place), the demand for gold as a conductor will eventually drop nearly to zero.