Crypto is literally AIR, worse than paper. When the Tether scam finally blows you'll understand...along with Binance and all the rest. The entire crypto space is dominated by scam artists supported by the cabal. Not acknowledging this is turning a blind eye.
You're not understanding the basic point. If the value of the fiat/crypto falls over time, it's not money, it's currency.
Money represents energy, specifically, human energy/labor. The only "value" in this world. This is what the parasites are siphoning off of their serfs - energy - via "inflation" which is of course the "hidden tax" they're happy to use.
Precious metals require human energy/labor to liberate from the earth. They don't "lose value" over time. It still takes X number of human labor hours to produce an ounce of the metal. This is a relative constant over time. This value can be counted on when it comes times to trade for the human labor hours it takes to produce a cow for instance. The value is recognized and the trade occurs naturally based on this simple data point alone.
The cabal is laughing all the way to the bank, literally, as they inflate away the value of their military script they print for their serfs to use and exchange.
This discussion has nothing to do with who uses what as "money". There are multiple ways a piece of paper or digital bit can represent an ounce of gold or silver. This is so simple to understand.
Trying to equate this to people walking around with grams of gold in their sheepskin pouches making purchases indicates you clearly don't understand the basis of our exchange - which is about MONEY and what constitutes it, versus what doesn't.
Money equates to energy/labor and does not lose value. What we use in day-to-day transactions to REPRESENT this value does not much matter. But the actual value must be REPRESENTED by some "thing" of value at its foundation. Neither fiat nor cabal-endorsed crypto fulfill this basic requirement.
LOL. Blockchain is AIR. Literally thousands of people have generated their "coin" out of nothing. Doge is the most hilarious example fo all. That a bunch of suckers buy and sell it doesn't change the fact that it's air.
Once you see a limited supply in action youll realize why its the best thing since sliced bread.
A limited supply of air?
The future isn't us sending our children out to pan for gold in order to eat that day.
Yet another horrible attempt at a strawman. That's what I said, we should all go out panning for gold. And when we're all gold panners, who will we get all our food, transportation and housing from since we're all gold panners now and no more farmers and ranchers and auto manufacturers and mechanics and carpenters and plumbers and electricians and gold pan manufacturers and sluice manufacturers and pick axe manufacturers...lol. We're all just gold panners now because there's no other way to generate value. Great argument!
You arguments are invalid.
Great point. How did I not realize this?
If my business of MY LABOUR and my GOODS are backed by crypto, isn't that the exact same thing?
No!!!!!!!!!!!!!!!!!!!!!!!!! Because "crypto" is not backed by ANY THING. The "blockchain" is not a "thing" that represents "value". I can go gen-up a coin on the Ethereum network in under an hour. We'll call it "RealMoneyCoin (RMC). We'll start the supply at a million coins. If I can get my buddy to buy a coin off of me for $100, RMC how has a market cap of $100 Million bucks. All for one hours work. If we can get more suckers into our scheme, we can drive it up to $1000 a coin in no time. Now RMC has a market cap of $1 Billion! All of it still has zero VALUE
Isn't that the ultimate way to raise capital?
You raise capital based on the value of your business, labor, ideas, business plan, etc. A financier must "see value" in your endeavor. That you can convince certain financiers to "see value" based on crypto associated with your business doesn't make it so. You certainly won't find a traditional bank or financier to loan you capital. You'll need to find a "crypto-financier" who buys into the crypto game. A traditional financier will need your balance sheets, ledgers, income statements, tax returns and business plan for growth before they'll lend you a nickel - because they only invest in the VALUE of you and your idea and/or the future potential of the business itself.
One of the key properties of "money" is that it's a store of value.
Neither paper fiat nor crypto-bits fulfill this requirement.
You only BELIEVE that these are "money" because it's been repeated a kajillion times in your lifetime. That doesn't make it true though.
It's no different than saying we live in a "democracy" or the doctor provides you with "medicine". Neither are true.
That 999 out of 1000 people BELIEVE these things are true does not make them true.
Fiat paper and digital bits are currency, fulfilling some properties of "money", but not the most important one of all.
Crypto is literally AIR, worse than paper. When the Tether scam finally blows you'll understand...along with Binance and all the rest. The entire crypto space is dominated by scam artists supported by the cabal. Not acknowledging this is turning a blind eye.
You're not understanding the basic point. If the value of the fiat/crypto falls over time, it's not money, it's currency.
Money represents energy, specifically, human energy/labor. The only "value" in this world. This is what the parasites are siphoning off of their serfs - energy - via "inflation" which is of course the "hidden tax" they're happy to use.
Precious metals require human energy/labor to liberate from the earth. They don't "lose value" over time. It still takes X number of human labor hours to produce an ounce of the metal. This is a relative constant over time. This value can be counted on when it comes times to trade for the human labor hours it takes to produce a cow for instance. The value is recognized and the trade occurs naturally based on this simple data point alone.
The cabal is laughing all the way to the bank, literally, as they inflate away the value of their military script they print for their serfs to use and exchange.
This discussion has nothing to do with who uses what as "money". There are multiple ways a piece of paper or digital bit can represent an ounce of gold or silver. This is so simple to understand.
Trying to equate this to people walking around with grams of gold in their sheepskin pouches making purchases indicates you clearly don't understand the basis of our exchange - which is about MONEY and what constitutes it, versus what doesn't.
Money equates to energy/labor and does not lose value. What we use in day-to-day transactions to REPRESENT this value does not much matter. But the actual value must be REPRESENTED by some "thing" of value at its foundation. Neither fiat nor cabal-endorsed crypto fulfill this basic requirement.
LOL. Blockchain is AIR. Literally thousands of people have generated their "coin" out of nothing. Doge is the most hilarious example fo all. That a bunch of suckers buy and sell it doesn't change the fact that it's air.
A limited supply of air?
Yet another horrible attempt at a strawman. That's what I said, we should all go out panning for gold. And when we're all gold panners, who will we get all our food, transportation and housing from since we're all gold panners now and no more farmers and ranchers and auto manufacturers and mechanics and carpenters and plumbers and electricians and gold pan manufacturers and sluice manufacturers and pick axe manufacturers...lol. We're all just gold panners now because there's no other way to generate value. Great argument!
Great point. How did I not realize this?
No!!!!!!!!!!!!!!!!!!!!!!!!! Because "crypto" is not backed by ANY THING. The "blockchain" is not a "thing" that represents "value". I can go gen-up a coin on the Ethereum network in under an hour. We'll call it "RealMoneyCoin (RMC). We'll start the supply at a million coins. If I can get my buddy to buy a coin off of me for $100, RMC how has a market cap of $100 Million bucks. All for one hours work. If we can get more suckers into our scheme, we can drive it up to $1000 a coin in no time. Now RMC has a market cap of $1 Billion! All of it still has zero VALUE
You raise capital based on the value of your business, labor, ideas, business plan, etc. A financier must "see value" in your endeavor. That you can convince certain financiers to "see value" based on crypto associated with your business doesn't make it so. You certainly won't find a traditional bank or financier to loan you capital. You'll need to find a "crypto-financier" who buys into the crypto game. A traditional financier will need your balance sheets, ledgers, income statements, tax returns and business plan for growth before they'll lend you a nickel - because they only invest in the VALUE of you and your idea and/or the future potential of the business itself.