Trump Jr. — "We're about to shake up the crypto world with something Huge. Decentralized finance is the future — don't get left behind. #Crypto #DeFi #BeDeFiant"
(media.greatawakening.win)
LET'S GOOoOoooo!!!
Im not interested in shit crypto. Back our currency by a commodity like the Constitution demands.
What?? Why?? Crypto is awesome! Just look at this:
In order for BTC to work as a medium of exchange, BOTH parties need - At a MINIMUM:
It doesn't get any more simple than that! Right??
And then when the grid goes down and you've got spotty electricity, zero WiFi, internet in general is a dream of the past, your bitcoin will be.....er.....oh, wait a sec......hmmm.....uh.....this is awkward.....
Gold & silver for this frog, 100%. Backed up by a huge foundation of brass, copper & lead.
AMEN MY BROTHA!
👌🤗
Yeah, what’s this nonsense? I’m not converting my cold hard cash (gold and silver), into digital tulips.
I could win you both over with a gold-backed monero-based stablecoin.
It's backed by prime numbers AND real possession of gold
It's private and its value is the current spot price of gold, only without the stupid ass premiums over the spot price
the premiums over spot are what kills buying and selling physical bullion and coin gold
You end up losing 10% each way...whether you buy or sell. You pay extra 10% (or more) to buy, and then you get gypped 10% off the spot price when you sell.
It's lame. You get dinged twice. THEN you have sales tax. AND then you capital gains tax
All that goes away with gold stablecoins, esp because of the privacy aspect. The fed doesn't know what you own...that's why capital gains taxes go away.
You can still voluntarily give the fed your capital gains. But again, they don't know about it.
There was a time in America, one could go into a bank, turn in a $20 Bill & get an Oz of gold in return. I should see no reason why that should not possible anymore. We KEEP our digital infrastructure but we hold our institutions to the US Constitution.
You really want to chase nods on a screen?
Yeah. I'm not paying capital gains tax on metal sales. First of all, it's not a capital gain to exchange for a larger amount of devalued currency for the same effective value. Second of all... I'm just not. Best of luck taking it from me.
I've never heard of such a thing backing a currency.