Smells of BS from the start. Origins a sketchy. First a Japanese, then an Englishman claims to be the originator. It's really a ponzi scheme to its core. Just like paper gold.
The only money of real tangible value is hard specie money. That is what our Congress has the authority to do; coin our money. Yet they gave that authority to some criminal clowns.
I think bitcoin was hijacked.
Originally it had a purpose, and for this reason it will never go away. How many people who own bitcoin know how, or need, to make a dark market transaction? Investment vultures saw what was going on, and are inflating the value without intention of participating in the bitcoin environment. It's not a pure ponzy scheme, it's a hijacked ponzy scheme.
Eventually the bubble will burst, 75% will leave and bitcoin will (almost) go back to user dependent prices.
Mysterious nobody "Satoshi Nakamoto" aligns some 1's and 0's in a computer via "blockchain" (or so this highly suspect story goes) A virtual unit of nothing, backed by no one... people randomly decide to adopt internet stranger's made up currency (nothing strange about that), and then a bunch of scumbags psychologically "high-anchor" it on the public:
Not going to lie, you sound like you don't understand a lick of the underlying technology, or the history of cryptocurrency and why bitcoin was groundbreaking when it came out.
It's not even that complicated. Bitcoin is just a secure system of IOUs, with a decentralized ledger. That's it. I think of that scene from dumb and dumber because IOUs are such a silly idea. But bitcoin moves billions per day through such a system.
Was the printing press a psy-op too? What about the telephone? I guess the internet must be a psy-op! All bitcoin did is disrupt the way money is stored and exchanged.
You lost me around bullet four because you're not really addressing my post with this pile of points that gets increasingly more random. Then I started laughing when you said "AI exists" ... You sound like the people who say to "follow the science."
I assure you, AI is not any more real than advanced statistics. Seriously, just like bitcoin it's not overcomplicated and there's no reason to overcomplicate it. Even the most advanced "AI" and machine learning is just statistics (albeit fast statistics) under the covers. There's no ground breaking paradigm shift like there was with technology like the internet, or bitcoin, or the printing press.
But really, you can't just spew a bunch of monologue and platitudes with semi-relared topics and expect me to do anything constructive with it. I don't know what else to tell you except that you sound paranoid about a lot of this stuff and your fear is preventing you from forming a more solid picture and understanding of things. I'm happy to discuss how I disagree that bitcoin is a psy-op, but bringing quantum computers, encryption, and AI into the picture before those topics even come up just makes you look like Charlie in the Pepe Silvia episode.
I'm not sure I understand your angle. All I've done is show a rudimentary understanding of the topic at hand, something your post failed to do. There's no religion to understanding technology.
Sure, Satoshi is peculiar, I'll bet there's something nefarious with the group that actually created the white paper, as if releasing it under a pseudonym protected them from the usual trade laws associated with money.
But come on man. Your rebuttal is that it's a religion? How is this place ever going to take off when that's the level of discussion you want to have?
The part about crypto that is scary is that isnt controlled by the globalist cabal that owns the monetary system. Therefore, they'll either cancel it or subvert it.
People use it to get around payment processors, and don't pay taxes on the gains back into dollars. You dont make anything if You don't exit into dollars.
It has helped people who've been banned from paypal, visa, mastercard, and dont have a bank account, so there's that.
I do agree that the potential for trouble from the Feds' ability to make allegations of tax evasion, financing terrorism, drug trafficking or human trafficking is concerning.
Bitcoin will tank soon because now every major institution is getting involved. They will let it run a little more but they will leave people low at the end. That's not to say crypto has use and a purpose. Decentralized currency will boom a little longer
That's true for any physical holding, which is why firearms and ammunition should be on the list too.
If an overwhelming force comes after it, then salt the land and burn the rest.
You can only own what you can defend. Which should be a 300-1000 yard circle depending on investment
Bitcoin is the honeypot to get people to like crypto currencies. It is controlled fiat money ( b it coin= fiat money).
Didnt all the fanbois accept paper currency and give up gold, silver etc
You are all stupid fan boi's I guess?
With that being said... Do anyone of you really understand Bitcoin?
Also if the feds want to force us into digital Crypto they can with a snap of a finger... They're just enjoying the ride before said snap of a finger!
Smells of BS from the start. Origins a sketchy. First a Japanese, then an Englishman claims to be the originator. It's really a ponzi scheme to its core. Just like paper gold.
The only money of real tangible value is hard specie money. That is what our Congress has the authority to do; coin our money. Yet they gave that authority to some criminal clowns.
And here we are now, full blown fiat.
I think bitcoin was hijacked. Originally it had a purpose, and for this reason it will never go away. How many people who own bitcoin know how, or need, to make a dark market transaction? Investment vultures saw what was going on, and are inflating the value without intention of participating in the bitcoin environment. It's not a pure ponzy scheme, it's a hijacked ponzy scheme.
Eventually the bubble will burst, 75% will leave and bitcoin will (almost) go back to user dependent prices.
Not going to lie, you sound like you don't understand a lick of the underlying technology, or the history of cryptocurrency and why bitcoin was groundbreaking when it came out.
It's not even that complicated. Bitcoin is just a secure system of IOUs, with a decentralized ledger. That's it. I think of that scene from dumb and dumber because IOUs are such a silly idea. But bitcoin moves billions per day through such a system.
Was the printing press a psy-op too? What about the telephone? I guess the internet must be a psy-op! All bitcoin did is disrupt the way money is stored and exchanged.
On the creation story, how can you be so sure it was an agency? Perhaps you are over-estimating their capabilities for creative thought.
You lost me around bullet four because you're not really addressing my post with this pile of points that gets increasingly more random. Then I started laughing when you said "AI exists" ... You sound like the people who say to "follow the science."
I assure you, AI is not any more real than advanced statistics. Seriously, just like bitcoin it's not overcomplicated and there's no reason to overcomplicate it. Even the most advanced "AI" and machine learning is just statistics (albeit fast statistics) under the covers. There's no ground breaking paradigm shift like there was with technology like the internet, or bitcoin, or the printing press.
But really, you can't just spew a bunch of monologue and platitudes with semi-relared topics and expect me to do anything constructive with it. I don't know what else to tell you except that you sound paranoid about a lot of this stuff and your fear is preventing you from forming a more solid picture and understanding of things. I'm happy to discuss how I disagree that bitcoin is a psy-op, but bringing quantum computers, encryption, and AI into the picture before those topics even come up just makes you look like Charlie in the Pepe Silvia episode.
I'm not sure I understand your angle. All I've done is show a rudimentary understanding of the topic at hand, something your post failed to do. There's no religion to understanding technology.
Sure, Satoshi is peculiar, I'll bet there's something nefarious with the group that actually created the white paper, as if releasing it under a pseudonym protected them from the usual trade laws associated with money.
But come on man. Your rebuttal is that it's a religion? How is this place ever going to take off when that's the level of discussion you want to have?
Good grief.
Blockchain ledger = non anon
The part about crypto that is scary is that isnt controlled by the globalist cabal that owns the monetary system. Therefore, they'll either cancel it or subvert it.
People use it to get around payment processors, and don't pay taxes on the gains back into dollars. You dont make anything if You don't exit into dollars.
It has helped people who've been banned from paypal, visa, mastercard, and dont have a bank account, so there's that.
I do agree that the potential for trouble from the Feds' ability to make allegations of tax evasion, financing terrorism, drug trafficking or human trafficking is concerning.
Hard assets are the way to go, if you can defend hard assets then have hard assets.
Bitcoin will tank soon because now every major institution is getting involved. They will let it run a little more but they will leave people low at the end. That's not to say crypto has use and a purpose. Decentralized currency will boom a little longer
Money laundering is more like it.
Unpopular opinion..
What choice do we have once it's forced?
This thread is a retard honeypot.