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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[–] avgwhtguy1 ago
Bitcoin doesnt have the same problem because its divisible, thus it is a superior currency in the face of deflation. It doesn't need to grow at the same rate as the economy, it can divide at the same rate as the economy grows.
Im not worried about cutting pennies, they're printed plenty fast. If pennies were backed by a finite supply of gold, then you could imagine a scenario where pennies would need to be cut.
Inflation and deflation are separate forces, but both will come in time if a currency is incapable of balancing its supply based upon demand. Any designed currency should be designed to handle demand, deflation, inflation, and counterfeiting. I do not believe that requires a central banker or a monopoly, and cryptocurrency proves that. That being said, the USA should have a monopoly on the production a national currency, it's in the constitution. It is not in the constitution and doesn't have precedent that citizens would be barred from using currencies other than the federal one. And given that, the federal currency should be strong, which derives from utility. Crypto has proven utility and thus strong and increasing value doesnt need central planning or gold backing.
[–] EyeOfHorus ago
I stopped reading at your penny bullshit. Pennies were made of copper, just as quarters and dollars were made of silver. The unit of value was the value of the material they were minted. If you chopped a dollar into 1/4s' then you'd end up with four Quarters. Sound money.
FRN's can't do this. PERIOD. That is why our money is a forgery.
I suggest you unlearn the bullshit you spew.
[–] avgwhtguy1 ago
To your own admission you didn't read what you're calling bullshit.
Likewise, you've probably never had the attention span for monetary policy, thus why you cling to this silly idea of a gold backed currency yet you cant defend it for shit.