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[–] KoKansei 0 points 10 points (+10|-0) ago  (edited ago)

Cryptos are a fucking scam to sucker people out of their money who think it'll replace fiat. It has no intrinsic value

As opposed to the dollars in your wallet? As opposed to a shiny metal? Get real!

People have been saying bitcoin is a scam since 2010 and they have been consistently wrong. Ask yourself: do you understand how bitcoin works? How it is designed? Have you read the whitepaper and come to your own informed conclusions?

If the answer to those questions is no, then you are deluding yourself. Cryptocurrency is the greatest threat to central banking that has ever existed and you're here denigrating it because "muh tangible precious metals." The Federal Reserve loves people like you who don't even recognize the Ring of Power when you hold it in your own hands.

Sorry for the harsh tone but it pains me to see so many people who are aware of the current central banking scam turn away from such a powerful weapon because they refuse to consider anything other than precious metals as a viable hard currency. For what it is worth I agree completely with you that central banking is the greatest evil of our time and pretty much all of the dystopic bullshit that we see today (the subversion of higher education, usurpation of wealth by the unproductive, government-directed wars, etc.) would be curbed almost completely by the death of central banking.

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[–] Cantilever [S] 3 points 0 points (+3|-3) ago 

Except the Fed will classify it as an asset and tax it accordingly

I know exactly what the fuck I'm talking about when it comes to cryptos

All it'll take is the stroke of a pen to stop crypto. Think you have your encryption and anonymity to save you? How you gonna pay rent or buy groceries and pay utility bills anonymously? The NSA sees everything and so does the IRS. They're allowed to share data now thanks to obama

There is no case for decentralized crypto to flourish. You think the Fed is just gonna take that shit lying down? LOL!

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[–] KoKansei 0 points 6 points (+6|-0) ago 

You are just plain wrong and clearly haven't done your homework or are tech illiterate.

All it'll take is the stroke of a pen to stop crypto.

Russian and China tried to regulate / legislate away bitcoin and failed. The only way "they will just ban crypto" makes any sense is if you believe the government is omnipotent, which it clearly is not. Even the highly repressive socialist regime in Venezuela cannot contain it.

The NSA sees everything and so does the IRS.

If you actually believe this I don't know what to tell you. There are many well-documented ways to remain anonymous with bitcoin and many other coins include enhanced privacy features that make it easier for non-technical people to retain their privacy.

There is no case for decentralized crypto to flourish. You think the Fed is just gonna take that shit lying down?

Then why has the market exploded from 20 billion to 500 billion in a year? Why are people in China and Venezuela using it to get around capital controls? Why are people in the US and Europe using it to buy and sell things that the state does not approve of?

I was trying to give you the benefit of the doubt since you are at least wise to the central bank scam, but for christ sake man do your homework before making yourself look like an idiot on here.

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[–] mama_shoe_maunda 2 points -2 points (+0|-2) ago 

i feel like the bankers have fully caught on to how much of a threat crypto$ really is and they r now actively pushing to pop the bubble. And i have no doubt they will succeed...

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[–] KoKansei ago 

Some of them know, but most of them are clueless and panicking. It's very funny to watch.

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[–] TeranNotTerran 0 points 8 points (+8|-0) ago 

Ahmen, minus the crypto bit. You don't understand it.

People use the dollar because it is convenient. People will use cryptocurrency when it is more convenient than the dollar. When decentralized banking is the easier route, the masses will take it and it will be the end of the central banks.

I love gold/silver and take it in person but it doesn't scale well to the internet or even a lot of in-person transactions. It's fun to hold and has some intrinsic value, but it's way less liquid and not as easy to transfer as cryptos.

I view central banking as the greatest evil. Second to it is public education.

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[–] Cantilever [S] 2 points -1 points (+1|-2) ago 

When decentralized banking is the easier route, the masses will take it and it will be the end of the central banks.

Except the Fed will classify it as an asset and tax it accordingly

Don't tell me what I do and don't understand, Motherfucker. I know exactly what the fuck I'm talking about

All it'll take is the stroke of a pen to stop crypto. Think you have your encryption and anonymity to save you? How you gonna pay rent or buy groceries and pay utility bills anonymously? The NSA sees everything and so does the IRS. They're allowed to share data now thanks to obama

There is no case for decentralized crypto to flourish. You think the Fed is just gonna take that shit lying down? LOL!

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[–] Nalbarcam 0 points 4 points (+4|-0) ago 

have you heard of monero? can't be traced, can't be taxed

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[–] talmoridor-x 1 point 0 points (+1|-1) ago 

Don't tell me what I do and don't understand, Motherfucker. I know exactly what the fuck I'm talking about

Show, don't tell, faggot

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[–] TeranNotTerran ago 

Ever seen Hitchhiker's Guide to the Galaxy? That's what most of the people in the federal government are like. They sloth-like and stupid. Effective at times, but usually not.

We will win this war. The NSA doesn't see everything, nor does the IRS.

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[–] go1dfish 0 points 4 points (+4|-0) ago 

Taxation enables and enforced central banking. Without taxation denominated in fiat, fiat becomes voluntary.

Taxation is the ultimate evil, otherwise I agree,

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[–] EyeOfHorus 0 points 4 points (+4|-0) ago 

I agree with your root cause analysis. One step further, taxation is the ultimate evil regardless of its denomination. I'd go so far as saying tax is a tithe to Luciferians.

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[–] EyeOfHorus 0 points 6 points (+6|-0) ago 

The dollar is "convenient" because the government mandates its usage. It is a monopoly.

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[–] jizzswizzler 4 points -3 points (+1|-4) ago  (edited ago)

i dont use dollars becaues theyre convenient.

i use dollars because a dollar is worth a dollar and i got that dollar by doing 'x' hours/minutes/second of work and i can exchange it for.... the stuff i need to buy.

you cunts literally make no sense. how you dont realise youre victims of one of the biggest scams ever is beyond me.

Im sorry are you fuckwits downvoating me because you dont know what fiat currency is for or because you think a ponzi scheme is a perfectly legal way of making money? Either way, you dumb motherfuckers are gonna be broke as shit soon and those dudes you worship as 'taking the power away from the fed' are laughing their fucking asses off at you for freely giving them their newly appropriated money with no effort other than 'buy muh legitz monopoliez monies!' fuck even the indians are running the scam now, ive got at least 5 different family members getting SMS messages from 'Bitcoin' stating 'you have $1000 in bitcoin they didnt know about, sell them through our company now!!!' - well if i have two braincellls to knock together, and i absolutely have not signed up to anything that would give me bitcoin....

why would i think the thing theyre pushing on me as a scam is anything but a scam? Its like getting a fucking phonecall from india stating your non existant apple mac has a virus, paying the people for cleaning the virus, then declaring the virus on your non existant computer is totally legit.

You epically dumb shits have just handed over money to a 414 scam. Congratulations! Ill take my apologies later. Prefereably a gold COIN donation. (not bitcoin, regular useable currency thanks) oh wait i forgot you havent got any any more because you sold your house for bitcoin and now you cant even get welfare because you werent fired, you quit because you thought a scam would make you rich

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[–] TeranNotTerran 0 points 1 point (+1|-0) ago 

Your username is the most accurate thing I've ever seen you write.

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[–] avgwhtguy1 0 points 1 point (+1|-0) ago 

Gold and silver are not the best currecy backers, they're a dogma of the past. Mainly, the amount of gold in circulation has little to do with the amount of economic activity, so having enough currency becomes a problem, and likewise hoarding.

Currency should be created at the same rate as the economy grows. It shouldn't be valueless, but it shouldn't be more rare than well directed hard work.

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[–] Cantilever [S] 1 point 1 point (+2|-1) ago 

Gold and silver are not the best currecy backers, they're a dogma of the past. Mainly, the amount of gold in circulation has little to do with the amount of economic activity

The current amount of economic activity has been over inflated by a century of fiat. We need to slow the fuck down

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[–] go1dfish 1 point 0 points (+1|-1) ago 

You can’t have a labor backed economy without dictating the value of labor from the top down.

Currency doesn’t need backing, it needs rigidly enforced rules and a lack of centralized control. These are achievable through backing with a limited commodity like gold.

Money is speech.

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[–] avgwhtguy1 0 points 2 points (+2|-0) ago 

All economies are labor backed. I think you meant labor backes currency, which I dont advocate for, I just said you cant have a rare currency or your economy will be stagnant.

How can you say currency doesn't need backing and then back it by gold?

I agree it needs rigid rules, but that's not a good enough reason to back it by gold.

There are better ideas, don't be afraid to think outside the goldbox.

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[–] EyeOfHorus 0 points 1 point (+1|-0) ago 

You just explained why gold and silver are the best money. The amount of work required to mine and mint one ounce of gold serves as the baseline to define one unit of wealth. It is the foundation upon which all other values, labor or material, can be compared.

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[–] avgwhtguy1 0 points 1 point (+1|-0) ago  (edited ago)

If that were the case a world in which everyone mined gold would have more economic value than a world with doctors, scientist, engineers, farmers, tractors, televisions, etc.

Gold is one step above salt, we should keep evolving, not regress.

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[–] AinzOown 0 points 3 points (+3|-0) ago  (edited ago)

Help me understand the "Federal" Reserve a bit more. They loan money out of thin air and then charge interest on the money they loan. Where do the interest payments go and who gets to keep them? Why did we let outsiders control the Federal Reserve?

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[–] Cantilever [S] 1 point 1 point (+2|-1) ago 

This is the best explanation I've seen yet

https://m.youtube.com/watch?v=iFDe5kUUyT0

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[–] AinzOown 0 points 1 point (+1|-0) ago 

Cool video, I can see they have more parts that hopefully answer this question but: It presents a huge problem and wants us to share and inform everyone, but it doesn't present a solution. It's like a call to get upset but no plan of action. I get it, ok now what? How do we fix this problem and what's a better solution?

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[–] shadow332 0 points 2 points (+2|-0) ago 

But then you Americans won't be the most powerful economy in the world anymore.

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[–] prairie 0 points 1 point (+1|-0) ago 

It's the state, that is the initiation of force. Without violence, banks wouldn't have any power over people.

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[–] Cantilever [S] 1 point 0 points (+1|-1) ago 

The state gets its power from the bank

Banks hold power over governments

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[–] Nalbarcam 0 points 2 points (+2|-0) ago 

and there are no banks in crypto

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[–] EyeOfHorus 0 points 6 points (+6|-0) ago  (edited ago)

I agree mostly with your hypothesis. Moreover, I'm relieved anytime I find others coming to a similar conclusion regarding the central bank or One Bank. I disagree with your generalization that "crypto are a fucking scam." It is a move away from centralized fiat to decentralized fiat. A move in the right direction, a direction that forces these very discussions and the further education of the public. This is good right? Even if a crypto became a tulip, it would serve as a good lesson regarding fiat vs sound money.

Consider that Jesus Christ, Andrew Jackson and Adolph Hitler all shared similar concerns regarding The Bank. Three very different people sharing one commonality, one common enemy. Its poignant that we (the public at large) are not educated on these financial structures. And this is their, the Money Makers, intention.

The best slave is the slave that doesn't know he is a slave.

https://www.wsj.com/articles/SB10001424053111903532804576569071541880208

https://duckduckgo.com/?q=trump+portrait+of+jackson&t=brave&iax=images&ia=images

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[–] Cantilever [S] 1 point 1 point (+2|-1) ago 

Thank you

I would like to point out that the IRS will not allow crypto to flourish as a competing currency

They're letting it run as an investment asset but it will never be allowed to replace fiat

The only way to end fiat is to directly confront the bank itself by demanding that congress outlaw it again

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[–] EyeOfHorus 0 points 4 points (+4|-0) ago 

So you want congress to outlaw FRN's? You want the central planners to control what you can and can't use as fiat? Why is it any of their business if you and I decide to trade with fiat? Whether its FRNs or BTC, I don't want them controlling me.Fuck them.

Consider the root cause of the problem above.... the IRS. Taxation. It amazes me how quickly people forget that our country was born by murdering those who would tax us. Tax is slavery, same as imposed fiat currency. Its not a coincidence both income tax and The Fed were created within one year of each other 104 years ago.

Can we just cut to the chase and murder bankers and tax collectors? What would Jesus do? What would Jackson do? What would Hitler do?

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[–] jizzswizzler 2 points 0 points (+2|-2) ago  (edited ago)

it cannot be a fiat currency.

im still yet to work out what 'work' is performed to 'mine' this 'bitcoin'

was there a rare earth element built into all computer harddrives that we only realise the value of now that can be removed and transferred remotely somewhere else to be consolidated? We can send physical pieces of something over the internets now?

does it own a big ass piece of gold? diamond? real estate?

no, it doesnt. in reality (outside of a bunch of people all publically telling each other 'its worth this much today') it is worth *NO. THING. NOTHINGNOTHINGNOTHING. Nothing backs it up. Nothing of intrinsic value actually backs up any of this bitcoin shit.

The only people being scammed, are the ones shilling for it, because the scammers know damn fucking well how quickly you will regurgitate something youve been sucked into believing.

[–] [deleted] 1 point -1 points (+0|-1) ago 

[Deleted]

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[–] Cantilever [S] 1 point 0 points (+1|-1) ago 

How did you learn about the dangers of central banking?

[–] [deleted] ago 

[Deleted]
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