Last chance to board the train, the new financial system starts 7/27
(media.greatawakening.win)
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2020: Donald Trump promotes Vaccination. That turned into an exposition of huge amounts of fuckery in our medical, scientific and education systems, as well as making blatantly obvious the systems of coercion and information control that create false beliefs in society (societal wide faith in media, the existence of the corporate oligarchy, etc.).
2024: Donald Trump promotes Bitcoin...
Anyone who thinks Bitcoin is a good idea has never actually looked into the history of economics with any eye other than confirmation bias. The number of problems with it are legion. That doesn't mean it has no good ideas contained within it, but like every other "solution" provided by the deep state that does have some merit (like vaccines), the fine print will literally kill you.
This.. metals or GME, which is backed by WH is better choice right now. Blockchain is good tech but BTC sucks...
I’m of this mind but slightly expanded; Cash, Metals, GME, DJT, TSLA, Land, Tools, Knowledge, Food, Frens.
Both my DJT and GME dwarf my metal and cash atm, but I hold enough to be dangerous whichever way things go.
I have like 1/3 of one Solana on the crypto side; I may buy a bitcoin one day, but my net worth would need quite a lot higher to justify making an entry there.
Nice man. Almost same here. I don´t hold TSLA and Solana. I think crypto is going to be very important in coming years but not yet but who knows...
I am taking a more wait and see approach with Bitcoin.
You can take any approach you want. It doesn't change it's fundamental problems. Unless it is used strictly as a tie to real assets (which would drastically change its value), it is literally worthless, and there are many blockchain techs that far surpass BtC in that regard. Not to mention that the deep state have a controlling interest in BtC. I mean, it's lose-lose all around.
If it looks like a ponzi scheme, walks like a ponzi scheme, and quacks like a ponzi scheme, your goose is probably cooked.
I agree with you, It is worthless. A medium of exchange is only valuable as long as there is a taker, being a fool or a smart man, depending on the price.
Everything is a ponzi scheme. The visibility of duration, conveying the idea of stability, is fiction. So, there is always someone holding the bag.
That said:
I have detailed a couple of point in which specifically Bitcoin is totally dispractical.
https://greatawakening.win/p/17tL1ZvrHz/x/c/4ZBKpsapEsy
However, there is tons of money to be made with it. Of course, after it is exchanged for other assets ....Like XRM, lead, gold, silver, real estate, production capacities, consumables.
I'll add one more: Brics crypto. So no, BTC will not be a GLOBAL reserve currency, perhaps a regional (not necessarily geographical) one at best.
That said: we are in a transition period, and perhaps the one can for the time coexist next to the other.
The question is always: who controls the money supply. And the system in place right now, is built on the exploitation of those not knowing what they are doing, or should be doing.
A world: upside down, Davy Jones locker.
I am leaning towards your point of view. The reason why I taking a wait and see approach.
There are many smart people that swear by it. So I need to see things play out more.
I am still asking, what backs bitcoin, other than faith? That's what I do not see in a these digicoins. What is to prevent a ponzi scheme? At least with dollar, for now, it has the backing of the federal government, yeah I know it's lost 85% plus of it's value since it inception, but the world over, at this point in time, know that it has the backing of the US Government. Bitcoin and other digital currency, not so much. I readily admit I have not deep dived on the product and I know that it's had quite the ride.
I am watching because there are other companies trying to sell alternatives to bitcoin.
There is one called Caspa that a buddy of mine is into.
There is another consideration that was not yet ripe to throw out here, but since this discussion is ongoing, it helped bringing it to fruition.
Salient
We know that Trump previously held that Bitcoin was not currency and the USD was the ticket.
Enter Lowery
There are some interesting things Jason Lowery has to say, take a listen: https://invidious.darkness.services/watch?v=PInd7uRiGjs
This takes some time, but is worth your time.
Basically: the relationship between Bitcoin and national security and soft war.
Trump' s move
And now we have Trump speaking at BTC event after assuring us that BTC is safe.
This signals to me, that the theater is changing and moves are made to shore up the crypto sphere. It means: money making opportunities. It means I am moving with this flow, and added several coins to my portfolio, including BTC. .
https://greatawakening.win/p/17teEO3bZ1/
And before any of you povert shitcoiners or bank loving gold bugs chime in you can gfy, your trash money failed and you were dumb enough to believe deep state propaganda against Bitcoin.
Bitcoin is the next world reserve currency to free the US from the Triffin dilemma
LFG!
Until the lights go out...
Good luck nuking every node in that network, if you're that desperate for an objection you already live in darkness
A single well placed high altitude emp renders your preferred currency useless over really large swaths of real estate. You can lament that I live in darkness all you want. But your future hedging still requires their infrastructure to operate / function. What happens when they immolate that infrastructure? What happens when your isp or cellular provider cuts you off?
Then you still fail to comprehend what it is.
To shut it down, you need mankind back into the stone age without recourse. AS soon as there is only one node, the coins can be reseeded.
However, the question is correct. What happens then. Simply said, you go to the next point of access.
Better said: you get your hands on Starlink and move happily ever after. To every risk, their is a mitigation strategy.
The real question is whether you really want to be robbed blind by so called upstanding banks, or,that you are ready to take matters under control.
I grant you, the system plays heavy at this point, moving billions around, influencing the price. So, in terms of the Bitcoin promises, it failed. Yet, still a ton of money can be made with it.
There are other options, besides bitcoin, more stable, faster, private and even anonymous.
I understand 100% what it is. But do you notice how all of what you described, still requires infrastructure to have value. The next working access point may very well be 1000 mi away. You act as though there are Bitcoin nodes that grow on trees. If infrastructure is destroyed, you'll be clutching your cold storage drive like Golum tumbling into mt doom.
From a risk perspective, of course, there is reason to consider such a question, then it is imperative to investigate and assess the situation.
Have you do so, or are you blowing out of your ass?
If your net worth is a can of beans and a fire steel then sure Bitcoin isn't for you
for what, ten days? is that a real concern?
there's a very real dichotomy here. either you trust the plan, or you're a doomer who belongs on another board. those who are unsure can lurk here until they are sure.
Being realistic about the tangible value of BTC makes me a doomer? Lmao, where did Q mention crypto as a path forward?
your argument against it is based on widespread power failure. bitcoin doesn't take energy to store, and it takes very little to transfer. so any significant interruption would require apocalypse level failures, which does not fit with the Q plan.
the world has been operating for many years on pure fiat and unencrypted digital storage of funds. both are far less tangible and more prone to fraud than bitcoin.
It doesnt even have to be widespread. Being cut off from electricity and/or communications even over a 100 mile radius, makes it awfully hard to use your assets to acquire the things you need in that area.
It also relies on others seeing inherent value in it and agreeing to use it as a means of trade.
It is though, just like anything else, being worth what people are willing to pay for it.
The generation of BTC requires massive amounts of electricity consumption. Even historically. Unsustainable amounts of electricity. Storage electricity may be cheaper and near non existent in cold storage. But it still requires that electricity and communication capability to perform transactions as a means of trade currency.
Fiat (for now at least) and metals are physical and do not require electricity to just merely exist..
Not sure what more I can say. Good luck, hope the lights stay on and everyone adopts it as a means of trade for ya.
Let me put it this way... Just dont put all your eggs in one basket.
https://greatawakening.win/p/17teEO3bZ1/
Bitcoin shill.
Username checks out.
I'm with you man. This board is so behind on Bitcoin. It is so clearly the future
https://greatawakening.win/p/17teEO3bZ1/
You like BTC? I found something better. Tulips in the Netherlands. They are hot, get them while you can.
Tulips, lol. Some people will never learn
The question boils down to what is the future going to look like? Will the day to day modern lifestyle in the majority of the world remain the same? Will it be a golden age of enlightenment? Will major disruptions/destruction take place as the old system and players fight to stay in power? These are the questions. Everyone has some idea of what they think will happen. We tend to prepare for what we think will happen. Those who support crypto have a particular positive view. Those who prep for chaos have a more negative view. The majority tend to compromise and try to prepare in as many ways as they can. Hold crypto, gold, silver, fungible materials, ammo, food, medications, etc. It doesn't matter what you believe, you do what you think is best for you. There is zero point in arguing the validity of your particular viewpoint and beliefs. Prepare in the way that satisfies your need.
People keep saying Bitcoin has no real value. What real value does gold have except the agreement of people who say it has value.
Bitcoin is digital money. If it is adopted and we agree it has value then it does. So many people here seem afraid of it. We moving into a new paradigm. You just need to take some time to understand how valuable this emerging technology is.
Check it out if you have the courage to understand something new; https://youtu.be/d7ID3fKAFQM?si=AbmUCYf5pqam0bRU
https://greatawakening.win/p/17teEO3bZ1/
Sure hope the bitcoin train is faster than the AMC caboose.
They can issue new AMC stock at-will and that's exactly what they did
Bitcoin is Kardashev scale levels of finite
There's a lesson in the meme stonks
Dont get me wrong I am not anti crypto. Im just being pragmatic with regards to its long term value and asking serious questions. People tend to get very emotional on the topic, especially if they are crypto asset heavy. Understandable. But damn. Calm down. Name calling and seething hatred doesnt suit a frog well.