I have a feeling the true story of Bitcoin is significantly more complex and involved than any of us understand, and that includes Roger Ver.
While BTC may have started out simply as Satoshi's vision of p2p cash, I'm not sure that the "hijacking", as he calls it, is actually a bad thing. Maybe it was the plan all along. Until the truth behind this entire psyop we've been living through is revealed, I think it is way too early to be jumping to conclusions.
If BTC does eventually turn out to be an integral asset of whatever Trump has planned for the reconstituted financial system, then who is to say it wasn't always meant to be that, and the p2p vision that Roger is so invested in wasn't just the most convenient way to get it adopted in the early days?
The problem with living through an era where everyone is lying and manipulating you, is that you can't know with absolute certainty where psyop ends and the truth begins.
Bitcoin is already hyper inflated. And backed by nothing. This is why I believe it was all a scam to fleece the People even more. Who are the major holders of BTC and other cryptos? Does anyone even know? Does anyone even know where these digital assets are even held, other than on "the cloud?"
All the investors better hope we never actually do have a major world war, because one of the first things that will be attacked will be the internet's physical infrastructure, and once that's taken down, all those crypto investments just disappear.
Factually speaking, BTC is backed by the same thing as USD currency - The belief that it's worth something. That's all.
Nothing more. Nothing less.
I can't personally get behind it for this reason. I'm all in on commodities I can hold in my hand and have 100% control over.
Like they say, the buck stops here ... Beedy beedy beedy beedy Buck
Dan Peña, a highly respected businessman, who does multi billion dollar deals says Putin is behind BTC and the Satoshi story is complete bullshit. I believe him.
That is truly sound money management. If you can physically hold the asset in your hand, you can't lose it without freely giving it up or by theft. Which is why bank theft movies are still so popular in today's culture.
Someone once told me Bitcoin is Betacoin, the first attempt at introducing digital money by our one and only US Govt under the guise of some Japanese dude so they can't be held responsible or something along the line, I forgot.
Been following Bitcoin Cash since 2017, it's easy to see how the main Bitcoin was compromised with insane transaction fees making it unusable for everyday purchases. During the bubbles for months at a time, transaction fees can be $20+.
It's the perfect way to cripple Bitcoin, exactly what banks and credit card companies would want, and coincidentally, MasterCard funds Digital Currency Group, which funds BlockStream, the main Bitcoin developer team.
Roger said something very interesting in an interview, if something is a good store of value but not convenient for transactions (like gold) it will fail as a currency. Gold was good, but paper money was much more convenient, easy to transact, useful for overseas payments via checks etc. so people stopped using gold and switched to paper reciepts and the government rugpulled them. Bitcoin will fail if it is not useful for spending, who's gonna pay a $20 fee to buy groceries when you can keep using government fiat.
Bitcoin is decentralized and did exactly what it's supposed to do in the event it is compromised, it forked into Bitcoin Cash, back to becoming a currency usuable for everyday purchases AND a store of value with a finite supply.
I've been Bitcoin cash since the split. Waiting for more people to do some reading and critical thinking and come to the same conclusion. Bitcoin was clearly highjacked by TPTB
BTC is a bubble. It's a self-fulfilling prophecy by its users, who are the ones doing the investing along with those pumping this scam higher..... until they all start pulling money out. BTC will drop quickly as no one will be willing to purchase a free-falling coin with no real-world backing.
It's going to pop. Ride it up and keep pulling money out but do not think this ride is one way.
There is nothing special about Bitcoin over another coin.
The majority of the world does not own a Bitcoin. They have no need to use your Bitcoin over any other coin.
The benefits of crypto exchange is in decentralized currency, no central bank, where the value stays consistent so that people living in many different places around the world have a way of doing business with one another.
Bitcoin is not fully anonymous. It can do nothing better than another coin.
The is no intrinsic VALUE in a Bitcoin.
Edit: When BTC crashes to $0.... do you think they have a Central Bank coin ready and waiting to fill the void of that bad old archaic Bitcoin?
I have a feeling the true story of Bitcoin is significantly more complex and involved than any of us understand, and that includes Roger Ver.
While BTC may have started out simply as Satoshi's vision of p2p cash, I'm not sure that the "hijacking", as he calls it, is actually a bad thing. Maybe it was the plan all along. Until the truth behind this entire psyop we've been living through is revealed, I think it is way too early to be jumping to conclusions.
If BTC does eventually turn out to be an integral asset of whatever Trump has planned for the reconstituted financial system, then who is to say it wasn't always meant to be that, and the p2p vision that Roger is so invested in wasn't just the most convenient way to get it adopted in the early days?
The problem with living through an era where everyone is lying and manipulating you, is that you can't know with absolute certainty where psyop ends and the truth begins.
Well Put Monomial...Re: Living through a Psyop. I have read that Bitcoin was the Bait - and CDBC...was the Switch.
Bitcoin is already hyper inflated. And backed by nothing. This is why I believe it was all a scam to fleece the People even more. Who are the major holders of BTC and other cryptos? Does anyone even know? Does anyone even know where these digital assets are even held, other than on "the cloud?"
All the investors better hope we never actually do have a major world war, because one of the first things that will be attacked will be the internet's physical infrastructure, and once that's taken down, all those crypto investments just disappear.
Factually speaking, BTC is backed by the same thing as USD currency - The belief that it's worth something. That's all.
Nothing more. Nothing less.
I can't personally get behind it for this reason. I'm all in on commodities I can hold in my hand and have 100% control over.
Like they say, the buck stops here ... Beedy beedy beedy beedy Buck
Dan Peña, a highly respected businessman, who does multi billion dollar deals says Putin is behind BTC and the Satoshi story is complete bullshit. I believe him.
That is truly sound money management. If you can physically hold the asset in your hand, you can't lose it without freely giving it up or by theft. Which is why bank theft movies are still so popular in today's culture.
Unlike the USD, we don't have to have faith that a corrupt government won't keep printing unlimited BTC.
Someone once told me Bitcoin is Betacoin, the first attempt at introducing digital money by our one and only US Govt under the guise of some Japanese dude so they can't be held responsible or something along the line, I forgot.
Been following Bitcoin Cash since 2017, it's easy to see how the main Bitcoin was compromised with insane transaction fees making it unusable for everyday purchases. During the bubbles for months at a time, transaction fees can be $20+.
It's the perfect way to cripple Bitcoin, exactly what banks and credit card companies would want, and coincidentally, MasterCard funds Digital Currency Group, which funds BlockStream, the main Bitcoin developer team.
Roger said something very interesting in an interview, if something is a good store of value but not convenient for transactions (like gold) it will fail as a currency. Gold was good, but paper money was much more convenient, easy to transact, useful for overseas payments via checks etc. so people stopped using gold and switched to paper reciepts and the government rugpulled them. Bitcoin will fail if it is not useful for spending, who's gonna pay a $20 fee to buy groceries when you can keep using government fiat.
If you look at the history of Bitcoin dominating the market share of all cryptos you'll see it's market share started dropping at the exact same time its transaction fees started increasing from pennies to dollars as people sold off and switched to more usuable cryptos that are supposed to be able to function as p2p cash and compete with fiat.
Bitcoin is decentralized and did exactly what it's supposed to do in the event it is compromised, it forked into Bitcoin Cash, back to becoming a currency usuable for everyday purchases AND a store of value with a finite supply.
I've been Bitcoin cash since the split. Waiting for more people to do some reading and critical thinking and come to the same conclusion. Bitcoin was clearly highjacked by TPTB
I will try again because I love you guys....
BTC is a bubble. It's a self-fulfilling prophecy by its users, who are the ones doing the investing along with those pumping this scam higher..... until they all start pulling money out. BTC will drop quickly as no one will be willing to purchase a free-falling coin with no real-world backing.
It's going to pop. Ride it up and keep pulling money out but do not think this ride is one way.
There is nothing special about Bitcoin over another coin.
The majority of the world does not own a Bitcoin. They have no need to use your Bitcoin over any other coin.
The benefits of crypto exchange is in decentralized currency, no central bank, where the value stays consistent so that people living in many different places around the world have a way of doing business with one another.
Bitcoin is not fully anonymous. It can do nothing better than another coin.
The is no intrinsic VALUE in a Bitcoin.
Edit: When BTC crashes to $0.... do you think they have a Central Bank coin ready and waiting to fill the void of that bad old archaic Bitcoin?
So much BS but I'll just pick the low hanging fruit.
There is nothing special about Bitcoin over another coin.
It's the OG, locked in limited supply, fungible, infinitely divisible and backed by a distributed ledger.
Bitcoin is not fully anonymous. It can do nothing better than another coin.
it's not at all anonymous and was never a feature.
The is no intrinsic VALUE in a Bitcoin.
Except the carbon used to mine it.
Again, this time louder for the back, your lack of understanding of something doesn't affect it's value.
TLDR Stay poor
Did I hear him say he helped with XRP? Couldn't find the replay part.
Seems like a good dude and hoping his legal troubles fizzle out. https://www.freerogernow.org
It does make sense bitcoin was hijacked. When mainstream media stopped declaring it was dead and started hyping it.
Edit: said he was cofounder of xrp. Never heard that before. Weird.
I was surprised at that too. I like XRP though.
Betamax was better than VHS but we know who won that battle.