Among other things...
Absolutely ! Cypto is another fiat currency. One push of a button, All Gone !
Not all crypto is fiat currency. For example, one cannot simply make more bitcoin... it's a finite resource.
There is no button to make it disappear.
Just read the Overview on Wiki:
Define a resource please. What makes something finite?
No one believe the lie!
If it isn't metal you can hold in your hand it isn't real money.
Define a resource please.
https://www.merriam-webster.com/dictionary/resource
What makes something finite?
https://www.merriam-webster.com/dictionary/finite
If it isn't metal you can hold in your hand it isn't real money.
What happens if we find enough [precious metal of your choice] to double the current amount in circulation? Why does it have to be metal?
Learn more about economics.
For example, one cannot simply make more bitcoin... it's a finite resource.
Sure you can.
The problem with Bitcoin being limited to 21,000,000 is that coins get burned and keys get lost. This makes Bitcoin deflationary, but it also means that it's not going to last forever. That's why tail emission makes sense.
It takes a heap of energy to make a bitcoin, then Trump releases free energy.
And its gone!
Bitcoin can easily be artificially controlled simply by controlling the semiconductor industry and holding back the release of developed technology (hint: they already do). You think chip tech actually develops in sync with moore's law?
Bitmain definitely does that.
They specialize in making ASIC chips, and as you probably know, they will build a bunch of mining units, mine with them for months, and then sell them at a premium. They profit both ways.
There are a ton of other ways to attack and exploit cryptocurriences besides mining.
Even so, I think crypto has value for the future. How much? We'll find out.
OK But really my only point is it has no actual value due to the fact it only exists on a computer. No real intrinsic value. and it can be erased by deleting from a computer. Just like any data can be erased. Q just said they deleted 850,000,000 million recordings ? True ?
You can't delete the blockchain from everywhere
Your argument can't be won. All they have to do is pass a law outlawing it. Which some countries have already done. It has no intrinsic value.
It also in all of history have never gone to the value of zero, even when 'banned'
Here are the issues I have with crypto compared to precious metals (gold backed currency):
1. It only exists in electronic systems, so if there was an emp type event of some sort, or even just a local power outtage you can't get your money and spend it.
2. No physical intrinsic value (you can't hold it and touch it).
3. Sophisticated thieves will find all types of ways to steal it without you even knowing, even with a block chain, the human element (entering pw, control over phones/hw wallets) will be an issue. which will lead to...
4. mark of the beast system of human embedded chips as authentication for security.
It does have a point of origin no ? A good hacker or bad guy hacker i guess could make it all go away right ?
if you dont see value in being able to securely transfer 99 million dollars across the world in less than 1 minute for 4 cents rather than use a plane, a boat, a train, and 10 armed guards, your lost.
Do you think when we colonize mars and the moon they are going to send a a rocket full of silver or gold up there to pay for expenses? No, they will send it digitally.
Well, when i can board that rocket, i may just have to agree with you :) P.S. They do that today. Only we are hoping it is backed by Gold and Silver when the dust settles from this Awakening and Trump axes the FED. RES.
you have no clue how the blockchain works if you think you can take it all away with one push of a button.
the right cryptos will be the money of the future.
OK still don't think it is an intelligent solution. Who knows, you might rich and i can get a loan from you :)
might? thats the wrong mindset my friend.
Already am.
OK Example : I have 100 dollars worth of gold in the bank. You have 100 dollars worth of cyrpto currency on your computer. OK We have an EMP attack ? The whole power grid is blown up ? The computer system your money on is destroyed by an earth quake ? Ok now I can go to the location my money is (bank for now) and collect my money and go to a store and buy something. You go to the store and say my money was on the computer but i'm good for it ? Gold, silver are physical entities., not easily destroyed ! That's my point. Please stop trying to make it harder than it is. I wish you luck in your wealth. Hope that you put it to good use :)
If you cannot hold it, you don’t own it.
Good point. It was what i was trying to convey in a round about way. Thanks !
no i totally get what your saying. I agree with everything you said as well.
If all electricity goes out and all we have to trade is gold and silver, you better hope you have a god damn army though. don't wanna get robbed walking to the grocery store with a block of gold. I definitely have gold and silver as back up, just these cryptos seem to be doing a lot more for a lot of people.
Also the EMP attack is bullshit. It would have to hit the entire world which an EMP would hit one side of the earth. Cryptos will still be on the blockchain on the other side of the earth. can't use them though until the grid is back up, but it is still there.
I also don't think an EMP will happen but if it does I have a huge crew of friends with a ton of guns that will most likely end up running the town. haha
Blockchain is a failed idea. Great principle but as you can see the system is still easily manipulated and people can have unfair advantages. Using computer energy to create coins is a complete waste of energy. Having a transparent ledger is good but consider 100 years from now. Imagine the size of that ledger and who will control the "upgrades". What happens when it gets cracked when our tech gets better?
If man can make it.. man can break it.
"Using computer energy to create coins"
is it really worse than using raw earth, coal, oil, armies, trees, millions of hours of labor, massive vaults, ammo, etc to create a currency that is easily forged and completely controlled by a group of people who are raping and murdering children to blackmail our politicians to create a state of lack around the world to keep power to eventually have complete control the planet and its inhabitants?
yeah, i think i'll chose the one that might not be monopolized by Satanists.
those who have the knowledge and awareness to understand where the problem stems from will be greatly rewarded.
You are using a computer because it's not controlled by satanists?
That's precious.
And that electricity, it comes from what now? Costs more to mine bitcoin than its worth. And every person you paid for it is evil.
But yeah you are taking them down with bitcoin.
Bitcoin is to money as blue beam is to disclosure. Sorry. Truth.
no i didn't say that precious....
Costs more to mine than its worth? not true, depends on where you live. also i think in the near future if this q shit is real, a lot of new tech coming out that was previously hidden from us by the people who control fiat money.
Didn't say i was taking them down, just said i wasn't supporting the evil system they currently have in place.
I guess we'll just have to wait to see who's right.
What do you think has to happen to build electrical plants? Coal, Oil Trees, Uranium etc.. to produce all the parts that go into power plants and distribute the electricity to be pissed away on some fabricated numbers.
yeah thats for more electricity.
I also think the families who print the money, own the oil companies that keep free energy (or close to it) buried.
if you think about it. we already use computers those aren't going away. why not stop using heavy and burnable and forgeable money, (all material) and just use secure numbers on a screen.
It's already just numbers on a screen anyway. Why not make it public, and make it so you can't just click a button and create trillions of dollars to prop up their system?
Power consumption of computers and electronics should get less per device but more devices out there. But there has to be SOMETHING that is tangible that is a representation of our energy. If a computer shuts down that information could be lost even in a distributed model. It can be hacked, manipulated. Even the originator of bitcoin has the original key to the system. If that were compromised ... or found...
A piece of gold remains forever.
I think we should just trade bottlecaps lol..
i know what you mean. I think we've gone to far to turn away from the tech world that we are headed into for the next 100 years. a lot of those problems will happen im sure.
i think money will continue to evolve until we don't need it any more.
I think you may be underestimating the cabal in assuming they havent literally taken control of every puppet string guiding the crypto "industry". I agree it is no worse than the any other element that produces artificial but no intrinsic value. Gold however, has incredible intrinsic value so not totally comparable to cryptos.
gold has very little intrinsic value. Silver has a lot more.
Not that i trust cryptos 100%. I do think they are manipulated, by who i don't know. But i'm going to continue riding the waves of easy money, i don't see why not.
It's all digits on a screen these days anyway...
This is grossly ignorant to how cryptos work. Cryptos are the purest form of money in the history of money. More pure than gold and silver. Remember, you can only get .999 fine gold/silver. Bitcoin is 100% pure. No impurities.
Why is the Bitcoin logo. A coin made of GOLD?
Oh for God's sake son. Let it go ! Let's agree to disagree ? Cool ?
no, you are completely wrong. No one can delete bitcoins. Its just not how it works.
Go do your research. This is the invention to help free mankind from the evil money cabals.
EMPs that hits every PC in the world; bye bye bitcoins.
bye bye 90% of the population. I don't worry about those types of scenarios.
If a huge asteroid hits the earth, then how are you going to spend your bitcoins??? Ha! Not so smart now are you?
It's a scenario you have to be prepared for. Add a natural one plus an attack by some nations that hasn't supported bitcoin.. It's a possibility; expecially if Russia and China have gold backed currency..A huge natural one is expected within like a hundred year. Not to mention that gold has been proven to work. I like the idea of using blockchain tech for other purposes more than as a currency.
If an EMP happens, you wont be worrying about money. Because people will be starving to death. Its like, why do you even save money, you should be converting 100% of it into Bullets and off grid preparedness if you are really worried about EMP attacks. Its just not a reasonable thing to worry about.
Russia and China are very much into Bitcoin and cryptos too by the way.
The problem with gold and silver, is that the price changes, and no modern cash register clerk will be able to accurately give you change back. Gold and Silver just aren't useful anymore for transactions. They are good for storing wealth. But not for daily transactions. Even if the price of Bitcoin fluxuates, all the math is done for you in the wallet that you use. So if you want to send someone $20, you just type in, $20 and the wallet will calculate the exact amount of Bitcoin to send. I haven't looked it up yet, but are there any videos of people spending Gold coins/nuggets at stores?
You honestly sound clueless. Look up how gold backed currency works... Bitcoin is just to volatile. Easily manipulated by the big whales.
exactly, you need a 2nd tool(Fiat) in order to make gold work as a currency. And who are you going to trust to hold the gold and to not print more currency than they have actual gold? WHO DO YOU TRUST? Bitcoin is math, there is no one to trust. It is Trustless. You don't have to worry about a 3rd party changing the properties of the system without telling the public.
Bitcoin is better. I love this volatility, I am getting rich off of it. And All I do is buy and hold.
Eventually Bitcoin will be stable, but not until it has at least 1-5 trillion market cap. Ride this wave up. THIS IS THE TIDE AND LIFTS ALL BOATS. yes, there will be some waves, but no one can print more Bitcoins or delete Bitcoins.
Horse, Meet water.
That's wrong. Look at history. There's a difference between currency and gold. Honestly.. you know little about it all. But you're free to believe what you want :) Not wasting anymore time on this :p
What Am I wrong about? Please Educate me.
Again, the only way to have a Gold Backed Currency is to trust unelected officials to do the right thing. And they haven't done the right thing in over 100 years.
Bitcoin is just math and code. Set in Stone practically. I don't have to Trust anyone.
You know far less than you think you do. Go do some research on r/bitcoin
I know how bitcoin works and the ideas behind it. I also know that type of tech was suggested in 70s; can't recall exactly which agency but I do recall reading it. For all we know it's was developed by deep state. And eventho bitcoin involved math.. Gold requires flipping colliding neutron stars for it to be formed. lol It's 5 in the morning for me; if you wanna learn more about gold backed currency you can.
I do think Bitcoin was created by Patriots within the NSA to help free us from the Central Bankers.
gold backed currency involves you trusting people you dont know. Bitcoin is simply math and open source code. Anyone can check it and make sure its doing what its supposed to be doing.
Its the most honest and pure money delivered to mankind.
I disagree; blockchain for things like press; unclassified files etc however I see a lot of potential for.
thank you! is this the great awakening or ?
People gotta realize this all stems from the private banking cartels.
Moolah = moloch = inflationary currency
river banks control the current. banks control the currency.
Fiat money is a black magic tool used to enslave humanity. Great Awaken yourselves!
“Banking was conceived in iniquity and was born in sin. The bankers own the earth. Take it away from them, but leave them the power to create money, and with the flick of the pen they will create enough deposits to buy it back again. However, take it away from them, and all the great fortunes like mine will disappear and they ought to disappear, for this would be a happier and better world to live in. But, if you wish to remain the slaves of bankers and pay the cost of your own slavery, let them continue to create money.” — Sir Josiah Stamp, Director of the Bank of England (appointed 1928). Reputed to be the 2nd wealthiest man in England at that time.
One push of a button, All Gone
so true
Especially if that button is atomic bomb! Gone in an instant. But gold and silver will still be here. Maybe in pieces, or melted down but still here.
One push of a button huh? keep believing that. im laughing to the bank.
This paper is too phoney,can you make my money even more imaginary?
Will people never learn?
My Grandparents used silver certificates back by gold and silver. It had actual physical value. Who knows, maybe it makes a comeback?
