5 years exactly- It's so over for the bankers
(media.greatawakening.win)
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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
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
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