[–] KoKansei 0 points 10 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.
[–] Cantilever [S] 3 points 0 points 3 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!
[–] KoKansei 0 points 6 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.
[–] mama_shoe_maunda 2 points -2 points 0 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...
[–] TeranNotTerran 0 points 8 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.
[–] EyeOfHorus 0 points 6 points 6 points (+6|-0) ago
The dollar is "convenient" because the government mandates its usage. It is a monopoly.
[–] EyeOfHorus 0 points 4 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.
[–] Cantilever [S] 2 points -1 points 1 point (+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!
[–] 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.
[–] talmoridor-x 1 point 0 points 1 point (+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
[–] jizzswizzler 4 points -3 points 1 point (+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
[–] TeranNotTerran 0 points 1 point 1 point (+1|-0) ago
Your username is the most accurate thing I've ever seen you write.
[–] EyeOfHorus 0 points 6 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
[–] Cantilever [S] 1 point 1 point 2 points (+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
[–] EyeOfHorus 0 points 4 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?
[–] jizzswizzler 2 points 0 points 2 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] 0 points 4 points 4 points (+4|-0) ago
[–] Cantilever [S] 1 point 4 points 5 points (+5|-1) ago
Mostly, yes, but a goy is about to take the helm. (((They))) can't do it without the goyim
That's why we have to attack the idea of central banking. You're not gonna convince anyone to resist it by telling people (((who))) invented it.
[–] AinzOown 0 points 3 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?
[–] Cantilever [S] 1 point 1 point 2 points (+2|-1) ago
This is the best explanation I've seen yet
[–] AinzOown 0 points 1 point 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?
[–] SlappyHo 0 points 2 points 2 points (+2|-0) ago (edited ago)
Just to play devils advocate: if we replaced fiat currency at this point, the value of the dollar would plummet as there is simply too much money in circulation to be backed by a tangible asset. The value of gold is artificially surpressed by the bullion banks. When someone buys gold, say a government, they dont actually buy the asset but rather a claim on the asset. If we were to suddenly back the dollar with gold, the holder of that gold would see outrageous gains in value....and guess (((who))) holds the actual gold? We are really faced with a decision, hyperinflation seemingly overnight, or gradual inflation over the course of our lives?
[–] Cantilever [S] 1 point 1 point 2 points (+2|-1) ago (edited ago)
The U.S. treasury is the largest gold reserve on the planet. A return to the gold standard would indefinitely stabilize the dollar after the shock of half a century of money printing wears off
I'll take a giant short term shock over long term torture waiting around watching my country turn into a police state while they setup their global government
You don't understand, America is the last stand against the NWO
The first and second amendments are the biggest thorn in their sides that's slowing them down. But they're under massive attack and if we don't route the Fed out soon enough, the world is going to be in for a lot of misery
[–] EyeOfHorus 0 points 5 points 5 points (+5|-0) ago
U.S. treasury is the largest gold reserve on the planet
I'd like to think so also. What happened when Germany asked for its gold?
America is the last stand against Lucifer.
[–] Baconmon 5 points 19 points 24 points (+24|-5) ago (edited ago)
Luckily for the world, you are wrong.. Crypto will replace fiat currency.. Have you actually done any critical thinking about all of this?.. Saying that cryptos are a fad that will go away is like saying that the internet will diminish and go away..
Crypto is here to stay.. It is a natural step in our technological advancement, and if satoshi didn't create bitcoin, some one else would have eventually created some thing similar, just like if the guy who invented the telephone was never born, some one else would have created some thing similar eventually, because that is just how technology advances..
If you compare fiat to crypto, fiat loses on almost every aspect, rendering it obsolete in a technical sense.. But fiat has a huge foothold so it will remain with us for a bit longer, but it has already started on its way out..
Down-vote me if you like, but you had best come back and up-vote me again several years from now when cryptocurrencies are literally every where and every store in the world is accepting them..
As far as gold/silver being "sound" currency, what makes it sound? It is a hunk of metal that people give value to.. Yeah I know it glitters in the sun and is very pretty.. But if people give value to some thing else like cryptocurrencies, then it has value.. If you know bob johnson down the street will give you a new car in exchange for some bitcoins, suddenly you are trying to get ahold of some bitcoins..
[–] [deleted] 1 point 2 points 3 points (+3|-1) ago
[–] talmoridor-x 0 points 1 point 1 point (+1|-0) ago
https://substratum.net
https://powerledger.io
There's already work being done aimed at decentralizing the internet and electric power alone using the blockchain, same technology that cryptos use.
It's also worth looking at IOTA, a technology that could support both internet and power.
https://iota.net
[–] Baconmon 1 point -1 points 0 points (+0|-1) ago
Yeah it does need internet, which is a disadvantage of it compared to fiat or gold, but enough people feel like they will always have internet access save for an apocalyptic disaster so I guess most people don't mind that disadvantage..
There are already many businesses that will accept cryptocurrencies (rakuten, overstock, newegg, etc) despite the volatility, maybe because they convert it to fiat quickly as soon as they receive it? (Although I know overstock keeps 50% of the crypto it receives for the purpose of investing in them..)
But yes, the volatility is a current issue with cryptocurrencies, and it will continue to be that way until they become mainstream and the price finally levels off and stabilizes.. The more wide-spread a particular coin is, the more stable the price tends to be.. This is why bitcoin is the most stable coin price-wise compared to all the other coins (although compared to fiat like USD, bitcoin is still wildly unstable)
It will continue to be mostly an asset class until it becomes very mainstream.. Over time it slowly morphs from an asset/currency class to just a currency class..
[–] Kleyno 2 points 1 point 3 points (+3|-2) ago
I agree about crypto being a big part of future commerce. But as for Gold, it is valuable because of its rarity.
It can only be created in a supernova explosion, which makes it pretty damn special, as metals go.
[–] Sakusha 1 point -1 points 0 points (+0|-1) ago
When I go poo-poo, my unique turd isn't valued equal to the entire world's supply of gold just because it's one of a kind. Scarcity doesn't equal value. Demand equals value, and ordinary people no longer have a high demand for gold and silver. Bitcoin, however, is both scarce and in high demand.
[–] EyeOfHorus 0 points 1 point 1 point (+1|-0) ago (edited ago)
I said this in 1994 after hiding a physical server on the University of California backbone, hacking my own DNS IP and being offered money to advertise collector cars on my automotive website. Fuck me.
[–] RiverWind 1 point 0 points 1 point (+1|-1) ago
You are correct in stating that OP is wrong regarding the belief that "sound money" ie gold or silver, will "save us from debt slavery".
Firstly, so much of the gold has already fallen into the hands of a small group of private hands that it is not viable as a guarantee.
More importantly though, OP raises the issue of money and debt. This is a huge problem which underlies most of the world's woes and which few understand. I can try a quick explanation for people, that hopefully will shed light.
Instead, the government could remove the power to create money from the Fed, and create it itself. This money would not be created as debt! It could be spent by the government into the economy as and where it is needed, on infrastructure projects, for example.
Find out more: