He acted against it, so they would approve it. Now the truth is revealed. The art of the deal.
(media.greatawakening.win)
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Nah.
Money needs to be stable. In order to be stable, it needs to meet these 7 characteristics.
(1) It must be durable, which is why we don’t use wheat or corn, or rice.
(2) It must be divisible, which is why we don’t use artwork.
(3) It must be convenient, which is why we don’t use lead or copper.
(4) It must be consistent, which is why we don’t use real estate.
(5) It must possess value in itself, which is why we don’t use paper.
(6) It must be limited in the quantity that is available, which is why we don’t use aluminum or iron.
(7) It should have a long history of acceptance, which is why we don’t use molybdenum or rhodium.
Only GOLD and SILVER fit all seven characteristics.
EVERYTHING else is inferior which makes them credit. They are essentially Gold substitutes.
If you had a race to see who was the fastest man in the world there can only be one winner and ONLY ONE person can hold the label of the fastest man in the world. It doesn't mean that the rest are slow, it just means that they are not the fastest.
Value is ultimately determined by the person holding the money. "He who has the Gold makes the rules."
I agree to an extent.
I think in the future, we’ll have crypto based on real commodities incl silver and gold.
The ease of use, portability and privacy of blockchain would provide a great way to use your “money”.
Who said that crypto is money, or is trying to be? It’s a digital asset.
And when the power dies?
Then I guess all the “money” in banks, which isn’t backed by anything, and is merely a log entry on their servers, might be lost.
That's why money needs to be tangible. Physical gold and silver is going to be there whether there's power or not. They were money long before there was such a thing as electricity. In my opinion bitcoin and fiat currency both have the same problem, there is no true worth in them, they only seem to be worth something because of the public's belief and trust. As soon as something happens and the public loses confidence in either one they become worthless.
Who said anything about money? Crypto is a (digital) asset, it isn’t money.
I own real money (gold and silver) and currency (fake money Fed Reserve dollars) along with various assets (house, car, crypto, shares of publicly traded companies, etc). I understand the difference between money and assets, and I’m certain that Trump does as well.
Interesting point. In fact, your bitcoin has a better chance of being resurrected if at least a few of the millions of copies of the blockchain survive. How many copies does the bank keep of its ledger?
Why is it an asset? What inherent value does it have?
You can apply the same logic to gold.
In essence an asset is something a group of people place value in.
Gold has an inherent value. It's used in electronics, jewelry, and I guess other stuff. Bitcoin was pulled out of thin air. It's not worth the paper it's printed on.
"I guess other stuff" is not a good argument.
The point is gold is just a shinny little metal that a group of people have agreed has value.
Case in point: when the first europeans arrived in the new world and saw the gold the natives had, they lost their mind. The natives in central and south America were very perplexed as to why they were willing to kill for this shinny rock.
As far as: if it's digital, it has no value argument. Everything that people agree on has value, has value. For example: years ago a friend of mine sold his World of Warcraft character for a couple of grand. Yup, a gaming character he built, for a couple of grand. Blows my mind to this day.
The "I guess other stuff" was in addition to jewelry and electronics.
Not sure where you got the "if it's digital, it has no value" part. Not from my post. But yeah, I understand that argument too. I said there was no inherent value in cryptocurrency. Heck, if you're off the grid and living off the land then I would assume you have only a few things with inherent value: water, food, shelter and heat. Though the heat part probably depends on where you live.
Crypto has many qualities of money but not all. It's can be fractionalized but it's not finite. There is an unlimited supply as long as people keep making blockchains that produce it from thin air. Can't do thatbwith gold or silver.
There is a difference between currency and money. There is a reason it's called cryptocurrency and not cryptomoney.
Trump understands that if you want to live in a free society, you need to decentralize your economy and let the people vote with their decisions/wallet.
Hence why he is against mandating vaccines/electric cars, etc but has no problem making them available for consumption. He views crypto the same way.
An asset is merely something you own, and crypto is something you can own.
Why does it have value? Because, like any other asset, it is worth whatever someone is willing to pay for it. I personally don't see much inherent value in a Picaso painting, but if someone is willing to pay millions, then it's a valued asset.
Don't get me wrong, I'm not some kind of huge crypto proponent, but I'm a realist that clearly sees our current Federal Reserve dollars rapidly depreciating in value, so I'm open minded about alternatives to store wealth.
People say that gold is the baseline, because 10 kilograms of gold would buy a nice house 50 years ago, 25 years ago, today, and theoretically in the future. So if we compare everything in relation to the baseline gold standard, then dollars are decreasing in value vs. gold, while Bitcoin is increasing in value vs. gold. Currently I have approx. 6% of my net worth in Bitcoin, about 5% in gold, and 10% in silver.
Wether or not Bitcoin, or crypto, evolves into a useful tool of some sort in the future isn't my concern at this point; maybe it will, maybe it won't, and only time will tell. But for now, at this point in time, for me, it's merely an asset that has served me well protecting my life savings against a depreciating dollar. To be honest, having only 6% in crypto seems too conservative, if anything.
TLDR: I'm not hyping crypto, I'm merely taking advantage of what it currently offers me.
It's not. It's a medium of exchange or currency.
a medium of exchange of value.
Correct. Crypto can be currency. And I think it could be a very good currency if it's the right crypto. I however, want physical coinage or paper currency as well.
Gold destroys the fed. Not crypto.
I agree, and own gold and silver.
Trump didn’t say anything negative about gold. He didn’t even mention gold in his post, nor did he say anything about crypto destroying the Fed.
Seen too many doomers around these parts about Bitcoin. Get some. Or don't. You can't un-invent technology. Blockchain will change our society, how we do business, and how we interact on a scale equal to other major technologies (printing press, radio, television, internet)
Blockchain and Bitcoin are two separate things. Blockchain is just a ledger which is, "for the most part", cryptographically impossible to change past entries. No real new inventions here other than chaining current entries to past entries.
I hear people say, "we need blockchain to secure our elections". How is blockchain going to secure our elections? It's just a ledger. If a mistake is made in the numbers reported, additions/subtractions have to be appended to correct. Election fraud can still happen.
I've explained to newbies, that bitcoin is a METHOD of moving wealth, just as email is a method to move messages. What is "email" worth? Can you do without it now in your daily life? Who owns "the email?" Nobody?! If aliens took away your email system, what would we pay to get it back?
Correct. The internets power hasn’t fully been harnessed as yet. Blockchain will change that.
Blockchain has better uses than just currency. Imagine holding all your own records on blockchain. Land deeds, vehicle deeds, birth certificates, marriage contracts, business contracts bank records, all of it. Not the local or federal government. Then if you need proof of date or time you have a forensically accurate proof. If the government wants a record they can get a warrant and PAY you for the record. They wouldnt be able to access it unless you gave ot to them. All patents held private on blockchain. If you could prove you were first a court would find for you. The ultimate in 4th amendment security in your papers.
🧐
Just like the jab, which one if any will you take.