I have some heavy holdings in BTC, and pretty damn happy with what has transpired. But man, I would be lying if I didn't think about this many times,
Who is Satoshi? Some rando mystery dude who created this ingenious coin? I think Satoshi is the CIA or NSA. It's too ingenious to be one dude, it has to be a government-backed project. People still don't know who this dude is that changed the world.
There is no doubt that there are heavy holdings by countries and banks in BTC. Furthermore, there are no controls on it like Wall Street, so pump and dumps are INCREDIBLY profitable. So not only did they create it, they make so much money using it by pumping and dumping or vice versa.
My fear: They will create a run up that is absolutely incredible, but it will crash like it did a few years ago to devastating levels or they will claim that BTC finally got hacked and it is unreliable, driving it down to 0.
Then they will claim that FedCoin solved all the problems and is guaranteed reliable and insurance backed. This not only warms people up to digital currency, it ensures safety by insurance or some other centralized assurances. Then they will create an incredible upswing in this coin to let greed do its thing.
I am certainly very aware that BTC is being used for some purpose, and I think that purpose was to warm people up to digital currency AND that it is a legit way of investing or holding value. The fear is how they will create the "exit" to their currency.
Monero is a coin that gives me some assurances and that it is completely anonymous, so bitcoin did create alternatives that give people a chance to escape the centralized system. Now is Monero also an NSA project? Who knows. I don't know what to believe these days, but I do know that this is a time for evil rollouts.
God Bless Everyone. Be the light. Fuck the darkness that these sold souls have put out on the world.
I have long thought this. Once bitcoin to dollars reaches a certain thteshold they will be treated like fdr treated double eagles- banned. Then the one world digital currency will be unveiled, and the us power willl move to a new china centric global bank run by totaltarian commies. Hope im wrong!
Back when Bitcoin first came out, Casascius coins tried to create physical coins out of bitcoin and was hammered by the "authorities" for "money transmission". Now the idea of physical currencies out of virtual currencies is no longer an option.
So, yes, it is highly suspect that Bitcoin's been allowed to grow... only as a virtual currency. However, not enough people Trust computers or their phones for privacy or from hacking. So, I doubt they'll be able to expunge all the physical currencies along with gold and silver.
Wish I would've gotten in early thought about it and passed would still probably pass now obviously the two massive price rises the first one and the recent one now really makes me feel like I messed up by not buying but at the same time there is nothing regulating or justifying its price to a degree so even though I could've probably made decent money and I know bitcoin probably made a ton of people really which it makes me curious how sustainable it is seeing that it almost went to zero after the first run.
I have some heavy holdings in BTC, and pretty damn happy with what has transpired. But man, I would be lying if I didn't think about this many times,
Who is Satoshi? Some rando mystery dude who created this ingenious coin? I think Satoshi is the CIA or NSA. It's too ingenious to be one dude, it has to be a government-backed project. People still don't know who this dude is that changed the world.
There is no doubt that there are heavy holdings by countries and banks in BTC. Furthermore, there are no controls on it like Wall Street, so pump and dumps are INCREDIBLY profitable. So not only did they create it, they make so much money using it by pumping and dumping or vice versa.
My fear: They will create a run up that is absolutely incredible, but it will crash like it did a few years ago to devastating levels or they will claim that BTC finally got hacked and it is unreliable, driving it down to 0.
Then they will claim that FedCoin solved all the problems and is guaranteed reliable and insurance backed. This not only warms people up to digital currency, it ensures safety by insurance or some other centralized assurances. Then they will create an incredible upswing in this coin to let greed do its thing.
I am certainly very aware that BTC is being used for some purpose, and I think that purpose was to warm people up to digital currency AND that it is a legit way of investing or holding value. The fear is how they will create the "exit" to their currency.
Monero is a coin that gives me some assurances and that it is completely anonymous, so bitcoin did create alternatives that give people a chance to escape the centralized system. Now is Monero also an NSA project? Who knows. I don't know what to believe these days, but I do know that this is a time for evil rollouts.
God Bless Everyone. Be the light. Fuck the darkness that these sold souls have put out on the world.
i agree with a lot of what you are saying.
i feel like monero is what bitcoin was pretending to be
massive institutions are finding out how good bitcoin is and are rushing in, without realizing the faults it has that monero solves
There are so many cryptos, even if they crash bitcoin, how can they do anything to these other coins?
I have long thought this. Once bitcoin to dollars reaches a certain thteshold they will be treated like fdr treated double eagles- banned. Then the one world digital currency will be unveiled, and the us power willl move to a new china centric global bank run by totaltarian commies. Hope im wrong!
Back when Bitcoin first came out, Casascius coins tried to create physical coins out of bitcoin and was hammered by the "authorities" for "money transmission". Now the idea of physical currencies out of virtual currencies is no longer an option.
So, yes, it is highly suspect that Bitcoin's been allowed to grow... only as a virtual currency. However, not enough people Trust computers or their phones for privacy or from hacking. So, I doubt they'll be able to expunge all the physical currencies along with gold and silver.
Wish I would've gotten in early thought about it and passed would still probably pass now obviously the two massive price rises the first one and the recent one now really makes me feel like I messed up by not buying but at the same time there is nothing regulating or justifying its price to a degree so even though I could've probably made decent money and I know bitcoin probably made a ton of people really which it makes me curious how sustainable it is seeing that it almost went to zero after the first run.