LIVE: President Trump Delivers Remarks at Bitcoin Conference in Nashville
(rumble.com)
₿ DECENTRALIZE THE FROG 🐸
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Those who said Trump was against it never read or didn't understand Trump's "Art of the Deal". Or Sun Tzu's "Art of War"
Those who said Bitcoin is a scam are in the place I was about 5 years ago. My deep research journey to prove my sons wrong, ended up making me a bigger fan of it than them. I spent a solid year researching Cryptocurrency and Blockchain technology while caring for my terminal mother during the covid lockdowns. Many quiet hours at her house bedside while she slept, I occupied my down time with it. I learned that most objections I had were misunderstandings on my part and not seeing the bigger picture. While it's not perfect, it eliminates so many problems we have today. I only wish I had realized it sooner.
There is nothing wrong with Cryptocurrency and blockchain. Most people who are against BtC aren't against those technologies, indeed, most are for those technologies. I personally think they are the future for sure. What I am against is Bitcoin for about a thousand reasons, none of which are that it is a cryptocurrency or that it uses blockchain tech.
It perpetuates some of the worst problems we have. There are other uses of blockchain that solve them. BtC is not the path.
I am open to researching more on why BTC would perpetuate the worst problems we have. Definitely interested in that perspective. Can you direct me? Thanks!
That is based on my own years of research into what those problems are, how our monetary systems have been created, who created them, and how they were used to fuck with the economy and control the populace. Here are a couple of problems that BTC does not solve:
This is the biggest offender in the history of currency fuckery. All currency without value was created by people who used it to grab power and enslave the people they forced to use it. No one uses a non-valued currency unless they feel they have no other choice. The only reason people today would even consider using BTC is because we have been trained for so long to believe that this is a viable solution that we have completely forgotten what it is like to use a currency with intrinsic value. The moment that there exists any currency with intrinsic value, any currency without it will be thrown away like the useless trash that it is.
Let's look at an example. Would you trade something that you have that you consider valuable, say a car for example, for something with intrinsic value, that you know other people will want, or something without value, that some people may want, but most would prefer the other stuff that has actual value?
I suggest that once the option is available, NO ONE will use a non-valued currency when a valued currency is available. BTC has exactly zero intrinsic value.
The second worst offender in history regarding currency fuckery is fractional reserve lending, which BTC does not solve, but isn't explicitly a problem with BTC either. It is however potentially a BTC problem that BTC doesn't address directly. I don't blame BTC for this. This is more of a general problem with the populace not understanding how big of an issue fractional reserve lending is.
The third worst offender of currency fuckery through time is hording. BTC is almost certainly already horded up the ying yang. It is likely that more than 90% of all BTC is owned by a single effective entity (hint: there is only a single corporation in the world). Relying on a single currency ensures that anyone who can horde it, will horde it, and in so doing can manipulate the entire economy and indeed, enslave the people, manipulate the government, etc.
1&3 are two of the biggest problems with currency in history, and BTC does not solve them. If it doesn't solve two out of three of the biggest problems with currency in history, and is still potentially subject to the second biggest problem, how then is it a "solution* to our currency issues?
If Bitcoin is going to replace everything and be our only currency/store of value, then I agree with everything.
But....What if Bitcoin isn't intended to become the ONLY currency or intended only as a place to store / transact large amounts? Why do we need one currency? It doesn't have to be all or nothing. That's just something we were deliberately conditioned to believe.
Bitcoin can exist along with other crypto currencies and a gold backed currency (on a Blockchain) or even the current US dollar for those who want to still use it. Let the people and private business decide what they want to transact/trade/borrow or be paid incomes with. (free market)
We need to get to the point where central bankers and the government aren't deciding what the value of our currency is worth and limiting alternative forms of transacting. As I said in another post, if a business owner wants to accept cupcakes as payment for their product/service. Then they should be able to in a free country. Central Bankers shouldn't need to make cupcakes a legal tender and decide how much a cupcake is worth and track it so they can tax it.
The people need to preserve their freedom to make their own choices and decide what has the most intrinsic value for them. We are more than an economy.
This is just my simple late night two cents. I don't have the answers, but I can see your concerns being an issue if we end up in a bitcoin only world. Much of that could happen in a gold only world too. Decentralization and freedom of currency choice is the only answer to me.