5 years exactly- It's so over for the bankers
(media.greatawakening.win)
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Tulip Mania
+1 for based, insightful comment fren
In the end times the things of true value will be the things most abundant in the best of times. Air, water and food. Followed closely by shelter from the storm.
"A mountain of gold will not another minute buy."
😡 now i have to go check slashdot for the first time in 15 yrs.
the gold standard works, that's why the bankers keep trying to replace it with methods of control, such as fiat & CBDC.
just as they try to change the definitions of words to fit their agenda & narrative, they try to confuse us when it comes to systems which work or not.
systems that actually DO work= good for us, bad for them
deceptive systems that do NOT work & are designed for control= bad for us, good for them
“Highly volatile and based on thin air” = US dollar
Bankers only exist when money is shit
If it wasn't shit money people could hold, spend, verify independently... like they can with Bitcoin...
Gold is such dog shit for money people willingly hand it over to bankers because they can't use it themselves
GOLD BUGS CREATE BANKERS, BANKERS ARE THE GOLD BUGS
And no, the gold standard failed every time it's been tried... its too expensive and difficult to settle in and that's what creates bank notes. Gold bugs are on the side of the bankers.
And you shitcoiners better learn a thing about conensus in monetary networks lest ye stay poor being "right" about your worthless shitcoin
If your net worth is a can of beans and a firesteel because you're afraid to leave your basement that's perfectly fine, Bitcoin isn't for you, but the rest of us have a real world to live in with a functioning global economy
Bitcoin solves the US's Triffin Dilemma
"Out of thin air" was a troll on the dollar
Well said.
I'd like to add this (Let me beat this dead horse more): Bitcoin (BTC) is not designed for everyday use. The original project was hijacked most likely by bankers in 2017 (the Bitcoin Civil War Era). BTC is designed to maximize price (store of value) at the expense of everyday usability. Try transferring $10 from one wallet to another. The network transaction fee will eat a majority (or half) of that transfer. In 2017 there was a fork of Bitcoin called Bitcoin Cash (BCH).
BCH is argued to be the original Bitcoin proposed in the white paper written by a man using the pseudonym Satoshi Nakamoto. In the paper he described a cryptocurrency that can be used as both everyday currency for the masses AND a store of value. BTC doesn't match that description. The new handlers of BTC went so far as to attempt to rewrite the original Bitcoin white paper to fit their narrative (sounds familiar?).
I can see BTC being used as a way for central banks (or their equivalent) to transfer large holdings to other central banks. They will be the only ones who can afford the massive network transactions fees on the BTC network.
With all that said, these cryptos are too volatile to be used as a stable currency. They are meant to be used to get around the current financial system. The US will see a digital dollar in the near future. But it will be redeemable in physical cash and possibly gold/silver. The transfer from Federal Reserve Notes to this new digital dollar will be a storm like no other. Will it be a one for one swap or will they use a ratio (Example: 100 Federal Reserve Notes = 1 US Treasury Dollar)?
I don't know what the future holds, but I can read the signs where we are heading.
What is backing BTC, other than a hope and a dream. That's issue I have with the digital currency. Unlike the dollar, which has the backing of the nation. Yeah, I know it's devalued like 85%, but at the end of the day, it is backed. If the backing question could be resolved, I would have more faith in it to a certain extent. But, I also value anonymity and from what I understand thru criminal actions from the justice department, BTC can and has been traced, unlike a suitcase full of dollars. Understand BTC has more "portability" to a certain extent. Lot of questions still out there for me on this. I also understand from a 100% newbie perspective some of the value proposition of BTC and a ledger, and supposedly how we can keep a handle on unlimited printing. Full and 100% anonymity is key in my eyes. That's why I like greenbacks.
I agree with you generally, but ...
Isn't that the story of the Trump Plaza Hotel & Casino in Atlantic City? Trump is certainly willing to work with legacy systems fully knowing they will be destroyed.
Fuck crypto, BITCOIN... until you understand this you're clueless
There's 10s of thousands of cryptos, and forks as you mention, all worthless... you know nothing by fact you even mention it... it's about CONENSUS
I've been missing that shiny rock train ride for over 20 years, it's an industrial commodity that's been demonetized... accept this. My sock full of American Eagles may be useful in barter in an extreme circumstance, but it's not an investment any more than cash in my wallet is. If you can't discern the two, again you're clueless.
A blockchain is only useful for BITCOIN's proof of work consensus, the elections stuff is a larp... usually just for scamming investors that don't know the difference between Bitcoin and a database like yourself
ETH is a pink haired shitcoin scam for the gender confused
It is A crypto... "Crypto" as a category refers to shitcoins broadly.. someone using the term Crypto does not undertstand Bitcoin
Exactly, numbnuts... nobody... that's why your shitforkcoins are worthless... anything that isn't Bitcoin is at best a distraction but usually just a scam
Q clearly was eluding to digital gold posting on a digital board
Reality is physical gold created the banks and the Fed, apparently you know dick all about history... gold always gets diluted, thus centralized verification and transport, and inevitably turned into bank notes
Shiny rocks are the money of choice for the international bankers, FACT
And that refutes my claim they're scamming investors how? LOL
This does not match well with any reasonable investigation into the past. Using precious metals for currency has been the only money based economic system to exist for about 2500 years (not counting the past century). It has had numerous successes in the sense that it has created stable and thriving economies. The Eastern Roman Empire for example, learning from mistakes and manipulations made in the Western Roman Empire, had a strict State run regulatory network on their currency, which not only created a stable internal economy that lasted about a thousand years, but also, because it was so stable, it became something of a reserve currency for a large part of Eurasia, fostering international trade and creating a more stable economy throughout Europe.
Now, I'm not trying to say it was all roses and sunshine. On the contrary, this stable economic system was used for all sorts of fuckery, including (but not limited to) the dominance of The Church in Western Europe and the longevity of the Dark Ages in that region. What it most certainly was not however, was a "failure" of precious metals to create a stabilized and thriving economy.
Too expensive and difficult to settle? What? I mean, what kind of a protest even is that? It costs nothing to "settle" if you don't want it to. It is Bankster fuckery that creates these problems, not the metals used as currency itself.
What creates bank notes is Bankers. Bankers create bank notes because they want to control the money supply. First they create an economy that relies on debt by hording all the currency (this can happen with any currency), then they create laws that ensure they are the ones fulfilling that tradeable currency "need" that they created through contrived scarcity, then they fill that need by creating "money" that represents their holdings, but does not actually exist. That is what a "bank note" is. It is fake money fulfilling a fake "need" by fake law makers.
There is a reason they call it "Babylonian money magic." It's "magic" because it's illusory. Blaming the use of metals, which have numerous benefits as an intermediary of exchange of barter, because of the fuckery that created the illusions surrounding it shows an ignorance of how these things actually developed, who is behind it, how they have brainwashed people to believe in their system, and what the real solutions are.
Please note I am not saying we should start using gold flakes to buy groceries. I think there are better paths going forward, and I think that block chain technologies may be the key to the best path. Rather, I am protesting your protests because they do not address the actual issues, but instead rely on false conclusions from the Grand Illusion itself. In other words, your protests are standard fare from The Matrix, and have nothing to do with reality. Using these false claims as a foundation to your arguments create really bad arguments.
It hasn't had a single one, in case you haven't noticed the entire world runs on fiat... that means that literally every gold system has ended at some point in debasement.
Gold bugs ironically keep their heads in da basement as well.
DIGITAL MONEY FOR A DIGITAL BATTLEFIELD
Assay's aren't free, instant, or digital... just because you trust a given mint doesn't mean THEY don't have costs
It's literally failed as a monetary system every damn time because of this... if you trust a mint you will eventually trust a bank note
You're saying a lot to say nothing, evidence is right in your face but you're too prideful in your foolish ways to see it for what it is.... BITCOIN IS THE NEXT WORLD RESERVE CURRENCY
I gave you a specific example of one (the Eastern Roman Empire, from about 400-1400 AD). Why did you ignore it? That's not the only one, but I didn't want to burden you. My instincts were good on that account since apparently one example was already too much of a burden.
I mean... sure? But:
a) a thousand years of stability is a pretty good success. Calling it a "failure" because it eventually failed due to the Banksters is just a tad disingenuous.
b) exactly why it failed is another thing you ignored. It failed because the Banksters horded all the gold. But the Banksters can horde any currency. Thinking that BiC is somehow immune to hording is naive to the extreme, and completely ignores the processes by which a currency is horded.
BtC does not solve any of the problems that you put forth. I agree there are issues with relying on gold as a currency. But BtC does not address the fundamental problems and creates a whole bunch of it's own.
For example, unlike PMs, BtC not having any intrinsic value whatsoever is a huge problem. But far worse, it is a valueless "asset" that can also be horded, which is the first step in the fuckery for every problem with gold. Most of your protests are contrived problems created from the initial problem of hording. There are plenty of solutions to that. None of them are solved by BtC (as a currency).
You didn't even address what I said. Maybe you saw "a whole lot of nothing" because you didn't actually read anything.
You ignored how it ended.
How did bankers hoard all the gold? Because people gave it to them because its shit money
You haven't made a single coherent point, that's on you... and its why your money is worthless
I was talking about the economy of the EASTERN Roman Empire. As for that's ending, while I didn't give a lot of details, I explicitly told you how it ended, by the Bankster's hording gold. It was robust enough that it remained stable and thriving through a thousand years of direct attacks by the Banksters before it succumbed.
I mean... sorta? But
A) they gave it to them because the bankers owned all the stores where one buys stuff, just like today
B) they owned all the gold mines, which means any new influx of gold went straight into their coffers. Most BtC was mined by the CCP, which is an organization created and controlled by Rockefeller/Rothschild. All current productive mining is being controlled by corporations that are again, owned by Rockefeller/Rothschild and their ilk, one great big monopoly.
Now, I realize it may seem to be more widely distributed at the moment, but ownership is still pretty highly concentrated in the Corporate Monopoly that exists (see link above), and the "anonymous" distribution is almost certainly held primarily by the same entity, because they literally own all the money in the world.
If you think BtC isn't being completely controlled by the people who own quite literally all the money in the world, you are either naive, or lying. They created it, they mined it all, and it can be shown that it is mostly held by corporate interests (again, see the link above that shows there is only one single corporation in the world).
Give it up, gold doesn't work.
It's a digital world, a digital battlefield, with digital gold.
You get Bitcoin at the price you deserve, and you're still extremely ignorant... hfsp with Elizabeth Warren and the international bankers that are going to get debt rugged
The only reason it(gold-backed currency) failed before is because of who was running the system. It's been corrupted forever. It's like expecting the media to report the truth because, well, they're the media/journalists.
IT WASNT REAL COMMUNISM
That's how you sound
There is no system, until people create one... people create one with Gold because it's shitty money, then that system becomes co-copted
Bitcoin is a mexican standoff by comparison
This financial system is controlled by WH since at least 2019 (probably sooner, judging by setting up GME sneez). If they decide they are going to shoot BTC down, no amount of strong believes will help you.
I'll concede that blockchain currencies are viable, and bitcoin is the leading candidate to become a standard. And that the days of today's fiat-loving usury bankers are numbered. Thank God.
But Bitcoin ownership today is highly concentrated, held by corrupt parties (hedge funds et. al.) who enriched themselves by siphoning the public's wealth under the corrupt and unconstitutional fiat system, so unless it were redistributed, a bitcoin standard would concede 90% of money to the thieves, and the resulting new capitalism would leave the American people at a multi-generational wealth disadvantage.
I don't believe that's the plan.
Blockchain is a bullshit buzzword, only Bitcoin is viable
Did you really think the new monetary system wasn't going to involve game theory that got prescient money managers involved?
Bitcoin is more decentralized than any other mention of wealth, reality is if you own Bitcon real-estate and the overall cost of living gets cheaper every year... unlike those still a sleep saving in dollars and shiny rocks.
Quit scamming yourself, Bitcoin is the next world reserve currency.
BRICS are forming a new commodity / gold backed reserve currency. Bitcoin is not a commodity. Bitcoin also does not have the characteristics of money such as fungibility, so it can’t be money. It’s a digital tulip.
The financial system is a massive derivative bubble. So what is the original deposit upon which all the derivatives derive from? Gold and silver. When the derivative bubble collapses, the value of the derivatives will collapse back into gold and silver. Don’t fool yourself. Cold hard cash is, and always will be king.
Gold has failed every, single, time.
Gold is such bad money it's why banks exist in the first place, people gave their gold to banks in exchange for paper.
Total trash.
Bitcoin is literally a byproduct of energy arbitrage, Ford's energy currency, set in motion by whitehats to save the US from the Triffin Dillema....
Enjoy your melting ice cube you call cash, already down 99% lol pathetic... how heavy are your bags?
Cash and currency are not the same thing. Fiat currency has lost 99% of its purchasing power, not precious metals.
The banks are buying gold like crazy because they need to offset all the liabilities on their balance sheets with assets. So they will revalue gold to back the currency and offset their liabilities. In the process, the purchasing power will shift from holders of derivatives of money, to holders of real money. Only gold and silver are money.
Pride goeth before the fall.
Yea, the same foolish pride that's kept you out of the first innings of the greatest monetary shift toward liberation in the history of mankind
Keep being smart
You may be right - digital money may indeed be the greatest monetary shift toward liberation in the history of mankind.
But you’re such a raging dickhole to anyone that disagrees with you, it feels like you’re really desperate for others to buy in in order to keep the price up long enough for you to exit at a profit.
You smell like a pump-and-dumper.
If you’re really trying to be an evangelist for Bitcoin, you’re doing a piss poor job, because people don’t like taking advice from assholes (generally speaking).
I am right, and I don't pussy foot around stupid like conservatives who are addicted to losing by playing fair with the left.
Didn't Q, Bannon, Trump etc teach you to fight?
I'm not going to argue on your level, because you're a loser that's wrong about Bitcoin and someone needed to tell you.
You're such a Millennial 🤣
Ok boomer
And he even used the Millennial catchphrase!!! 🤣🤣🤣
I knew it! It was all gobbilty gook, blockchain, this and Blockchain that. WTF are you talking about. At work we have crypto currency worshippers. All hail the digital currency that no one can make sense of. Well you see it's based on tried and true Blockchain technology, once you have the currency you off load the crypto currency into your off line wallet that's completely encrypted. Don't loose your keys because if you do you'll never be able to retrieve your currency. Example, go to grocery store buy groceries pull out crypto wallet. Must be done from home must have internet. Go to exchange, exchange dodgecoine, for 120 floofs, send floofs to clearing house turn floofs to euros exchange is 109 today so carry the one. Hmm, that 37 dollars after the exchange takes their taste. Ok send to bank. deposit it. Whew, almost done. Now, use debit card to pay for some sweet bread and milk. Whala! Remember currency was for convenience. See it. Oh but it's an investment. Womp, womp...
Bitcoin fags - what do you think is attributed to Trump's change of heart on BTC? 🤔🤔🤔
It didn't change, Bitcoin has been part of the plan the whole time... he was trolling the dollar be printed from thin air with that first tweet.