Cryptos are a fucking scam to sucker people out of their money who think it'll replace fiat. It has no intrinsic value
Only sound money (silver and gold) can save us from eternal debt slavery because they are real stores of value
Get off Voat and start educating people about central banking. Go tell all your friends and family. Start a grassroots campaign to lobby congress to abolish the Fed and return to the Constitution
This is something liberals and conservatives can really rally around. Nobody likes being stolen from. Tell them why they should lobby hard for this. Hell, run for office if you think you can pull it off. Even if you don't get elected, campaigning is a great way to raise awareness. Worked great for Ron Paul. He woke up millions of people to the threat of the Fed
Focus on this one thing. Fuck everything else. We can come back and fight all the other shit later. If we don't end the Fed, there won't be any point in resisting the creep of multiculturalism, feminism, surveillance, endless war, degeneracy, etc.
These are distractions created by Jews to keep us from focusing on their source of power - fiat money
Kill fiat and everything else goes away with it
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[–] 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.
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