APY is determined by supply and demand, nobody would take out a loan in marked valued cryptocurrency, what if it goes up? You might never be able to pay it back. Stable coins on the other hand will go down in value always pegged to fiat currencies which makes them interesting to loan.
Keep in mind that unlike real fiat, these stable coins can't just be printed out of thin air by some central authority. At least not DAI and similar which are fully decentralized. Every lend out stable coin needs to be backed 1:1, and this is why the APY rates are so high.
Makes perfect sense to store your wealth in DAI (ethereum blockchain) and earn 12% APY instead of having them in a bank account where they can be frozen and you have to pay the bank for the "service". If you don't plan to invest for a while.
Also check out PAXG, a stable coin backed by gold, why does it have so high APY? by your logic that means the government controls the physical gold as well.
Banks and government will tolerate neither. Future of currency is slave currency only, some sort of digital food stamps, carbon credit basically. The future of money will be whatever works best on the black market. And as long as we live in a digital world that is crypto.
Imagine trading in gold on the black market:
- How do you know for sure the gold is real, and not some other metal wrapped in gold?
- How do you divide a piece of gold into smaller fractions to match supply/demand price more exactly?
- How do you secure your gold if someone comes to kill you only to steal your gold?
- What if you get robbed, you weren't supposed to have gold in the first place so nobody will help you.
- Where do you hide large quantities of gold, and how do you transport them safely?
- How do you trade with people far away?
None of those problems exist with crypto.
Gold value vs Bitcoin value estimated from usd value.
It goes down for two reasons, A. Bitcoin goes up in value much faster than Gold, B. Because gold is not convenient to trade, banks sell fake gold certificates which inflate the gold price, this because they can sell more of those than the amount of gold they have in their vault.
If gold trading was only done with real actual gold, the gold price would be much higher and more volatile.
All data always proved herd immunity to be working, and during the entire Löfven era everyone tried to be as careful as possible around lock downs or restrictions.
Most likely because they want to protect themselves from ending up in a barrel of tar and thrown into a chicken pen by an angry mob.
Or they want to protect the country's economy, I doubt they actually care for the people.
Either way, a prime minister of Sweden doesn't have as much power as a president, and Tegnell the head of "Peoples health agency" have no authority at all.
Löfven resigned earlier this week so at the moment we have no prime minister, and nobody knows what the hell is going on. Nobody has authority to make these decisions at the moment.
The only logical explanation here is that the globalists are trying to make their move, do their takeover while the government is weak. They'd better be very careful tho. 2M Swedes are ready to go to full war on globalism at any moment, with guns, on their own initiative without government order.
Once the Swedes goes to war they never give up, see every order about retreat or ending the war is fake.
If the government and law enforcement truly cares about their own safety they will refuse to implement these extreme restrictions.
5000 people have inserted an rfid chip which is just as good at tracking as your Visa card. You're more likely to be tracked through your smart phone which has GPS and constant internet connectivity.
Either way, if they did use all the tracking, then how come the crime rate is so high while criminals are rarely found unless arrested with their pants down.
Herd immunity was legit no matter how much Tegnell is denying it, he said it himself initially. The globalists have bought him, and Löfven refused to sell himself as a puppet, that's why he left the prime minister post.
This is just like in all those African countries where the sitting presidents got assassinated for refusing to bend over. Obviously they also got an offer to step down if they wanted to live, but refused as they though they had good enough security. The globalists are taking over.
Trading, Scandinavia depends a lot on export. Back in the days this was no problem because of the neutrality which allowed trading with any country in the world. Today EU demands that all trading should be with EU and the US. Otherwise they will issue a union wide boycott as revenge. Same if you leave the union, they'll revenge.
UK is in the same situation now, out frozen by the EU and will depend a lot on America for future trading.
The official number of vaxxed is pure propaganda. Eve FoHM tries to mislead on their own website by showing total distributed doses next to percentage of adult population vaxxed. Notice "adult" population, while total doses obviously reflects the whole population.
Sweden also already have digital id's, digital journals and so on. There would be no issue at all to keep track over who has and hasn't been vaxxed through already existing systems. Yet they haven't done that so nobody knows how many doses has actually been injected and how many has just been poured out in the sink, to cash in the payment per dose.
Everyone who worked at those site says barely anyone showed up. While during the swine flue the lines where multiple blocks on the first day.
Supply and demand, just like your house or your car. You need to understand that stability when we're talking about value is a lie. The dollar is not stable, it's simply manipulated to have what looks like a constant inflation, which makes you think it's stable.
In reality that only means you lose when demand is higher than supply. You'd get ripped off. It's like if your house or car increase in value, but if you sell you still get less than what your house it really worth on the open market.
Crypto has value because it's a free market asset, just like your house, your car or even gold.
Last but not least, digital should not freak you out. Know the difference between a situation where you are in control vs a situation where someone else is in control. You keep your gold coins in your neighbors house, you're not in control, you have a bank account, you're not in control.
With crypto you got your key pair and you got your copy of the blockchain, which is verified towards the network. That means you are in control, just as you would have been with gold coins in your hand.
Depends how you define "backed by physical". Is it enough with a fat guy in smoking, big noose and cigar who says "dude trust me" (Just like the original gold backed dollar). Or are we talking backup in case of power, network failure or a hardware crash?
In the latter case, it's more physical than any physical asset as you can make infinite physical copies of the private key, and use it to restore/access your wallet at any time, from any of the 11 000+ nodes spread across the world, or you could have a bunch of secured nodes on your own. It's all up to you as you're in control always.
As for value beyond exchange rate, just consider the industrial use. Blockchain is the main competitor to big data, and because of decentralization you need the cryptocurrency for billing. Any third party payment solution or bank would introduce a central point of failure to the system.
You think Twatter censor you because Dorksly is a cuck? maybe a bit for that reason, but bear in mind that Twatter is also hosted at AWS and has to follow AWS terms of service. Now imagine if Twatter instead ran on a blockchain. Then there would be no censorship from above and it would all be up to Dorksly himself. And if Dorksly still censor like he does today, then fuck Twatter, fork the whole thing and you'll be up an running in no time, the same platform, the same data, but this time no censorship. That's extremely valuable if you value free speech, and transparency.
Mostly paid shills, if you wanted to run a get rich quick scheme you wouldn't spend over a year developing brand new technology that's useful in so many areas outside of the currency aspect. You wouldn't solve complex mathematical problems nobody solved before, and wouldn't spend years learning about cryptography in order to develop the system.
It's as simple as anything that's easily available to trade, with a low trading volume and low supply will appear volatile in comparison to fiat currency which they brainwashed people into thinking it's stable, while in fact fiat is sinking like a rock. This gives an illusion of "get rich quick" just because profits can be high if you buy an sell at the right time.
You can say the same thing about a Volvo 740 in Sweden, buy one for $400 during summer and sell it for $2000 in the winter. That's 500% profit, why? because kids like to slide around with them on ice. Are these cars a ponzi scheme or a scam? of course not, it's just RWD cars built to be reliable and long lasting in combination with demand spikes.
Seems like you've swallowed to much media propaganda then. It was the first blockchain based digital currency ever created, designed after the situation back in 2008.
A different time if you don't remember, where desktop home PC's where still the most popular choice for computer, smart phones was just released and hard drives was the main type of storage, which followed mores law.
Since the invention of SSD's and centralized cloud storage due to the popularity of smart phones, plus that dedicated chips where designed to calculate SHA256 a million times faster than a regular home PC of course many parts of the original Bitcoin design doesn't make sense.
That's literally the reason why there are forks at all and lot's of discussions on how to design blockchains for scalability, privacy and lower amounts of local storage.
Besides, today far more coins are paired with fiat so just because Bitcoin initially was the "base" coin for exchange to fiat, it's not the only one today. And why would that matter anyway the day fiat collapses?
Exchange pairs only means you can trade it. Take houses, cars and gold coins for instance. One house is worth 4 cars... does that make sense to you? does all trading has to be like that, just because houses was the "base" currency before gold was found? of course not. Just use gold and say x coins for a particular house, and y coins for a particular car. Suddenly things will make sense again.
Without internet, the whole world collapses, too many systems depends on it directly. Currency is just a tiny part of usage areas.
Alt coins are always paired with Bitcoin, as soon as you know the value of Bitcoin you know the value of every alt coin relative to Bitcoin. This is done by decentralized exchanges so there isn't even any central point of failure or dependency.
5000 meme coins won't be worth more then monopoly money either way. Physical is good tho, just make sure it's actually physical precious metals and not just some slip of paper claimed to be backed by gold or silver.
A majority of trading is done over internet today, digital payments, cards, and plenty of payment systems while most people have no knowledge whatsoever on how any of that stuff works, business owners just wanna stay in business, take orders, get paid and deliver their items.
The day dollar crashes you could literally rebuild your web shop and start accept crypto payments in just a matter of minutes or hours. Using the platform you already have. You just have to determine a price on the stuff you sell that your customers think is reasonable. A price you could obviously adjust at any time if it turns out to be too expensive or too cheap.
Sure you can free-trade or do bartering at your local farmers market and small physical stores, but anything internet related is gonna need a digital medium of exchange, and that's where crypto comes in. The alternative, if any would be some hastily written centralized crap thrown together by some government or banking entity without proof of safety, proof of redundancy or proof of stability.
A private key can have infinite public keys attached to it, and that's literally best practice as of today in every major wallet software, and has been for years now.
Sure if you for some reason don't use this strategy and only use one public key you may get tracked or blacklisted by centralized KYC exchanges, should be added, and never by the blockchain itself.
Native on chain payments and the lightning network will always accept your transaction, no matter what because none of those has any blacklisting features.
If a bank gets robbed and cash gets stolen they could easily blacklist the serial numbers of the stolen bills too and you risk getting arrested if you for some reason comes over one of those bills and some store recognize the serial number. Same with gold bars, they typically have a mark on them, so you gotta melt it and reshape before you can use it.
You're demanding a level of privacy and fungability no existing medium of exchange will offer you just like that unless you're aware of the flaws and avoid taking stupid risks, which btw is how criminals get caught. If this is such a major concern for you, then why don't you just use Monero instead of Bitcoin?
Fetal alcohol syndrome, shouldn't really be a surprise, look at how many bars and pubs are within walking distance from her home. Also the government liquor store has home delivery of alcohol in that area.
There's just too many ignorant sheep in this world, so there will be a new world order no matter what we think or do.
The only variable is, will you have digital gold to spend on the black market or not? will the digital gold be used enough on the black market to have value? how will the elite deal with this "issue", after all, they won't use carbon credit for their own luxurious consumption.
They want privacy and therefore it makes sense for them to use gold or digital gold for their payments, which theoretically should keep the prices relatively stable.
There's only one transaction between Alice and Bob, and the amount is the amount they sent between each others, not the full wallet balance. This is because Alice and Bob are not dumb enough to not follow best practice which has been standard in almost every wallet for years now, which is to generate a new public address for every transaction. You haven't followed the development it seems.
Besides, in terms of taxation and public spending, a public chain with reused addresses would be a great way for people to see exactly how their tax money is spent.
To only connection to the "central bank digital currency" (which already exist and has been in use since the 90's), is the fact that carbon credit. The slave currency of the new world order will run as a smart contract on blockchain rather than on centralized generic SQL databases.
This is called technological advancement, like automatic or semi automatic guns that doesn't take minutes to reload because you have to fill it up with gun powder and put in the bullet through the pipe or that sort of crap. Or cars that look like cars, and not a horse carriage without a horse.
In the new world order everything will depend on carbon credit, so it would be a shame, for them, if that system ever gets hacked or shut down. How do they prevent that from happening? with blockchains of course which to this day has proven to be secure.
Don't you see the mind games they're playing on you here? making you think it's the history repeating itself, and because you fear getting ripped off just like your ancestors was back in the days when gold was replaced by worthless paper backed by debt... Because of that you fear technology which is designed to work just like gold, technology that will be used as gold as carbon credit will be backed by Bitcoin. They will have to pay operations fees for their smart contract carbon credit system, and that fee can only be paid in Bitcoin.
This is why you don't implement "hate speech" laws, no matter how much (((they))) cry anti-semite and call you a naayyysist for refusing.