That's not an excuse to try and replace it with something that has even less value.
Fiat currency does have some tangible value, GDP of the source country / total amount of the currency in circulation. Yes, it's essentially vapor, and can be fabricated and manipulated at will, but digitized fiats are in no way an an actual improvement.
They are really just free beta testing of the system globalists have planned to implement for over 50 years.
Trump can smell hustlers since it takes one to know one.
Currently, crypto as played, is very Ponzi-like, loaded with heavily speculative gamblers. It isn't helped by grifters creating new coin types like a firehose. One of my mining companies has turned itself into a crypto company, hoping to grab attention. Digging in the dirt has nothing to do with mining crypto. Dogecoin is another example of greed, with busboys buying crypto, hoping to buy a Lambo. Fuck that and that creepy fucking dog and Elon.
However, the other side is that this is like the early Internet - a new technology with large potential. In the early days of the Internet, no one knew what it would become. Eventually some key companies emerged and made the early investors quite rich.
The cryptos that will succeed are the ones not just with some stupid coin currency but rather, the ones setting up a stake as facilitators of commerce. They are the ones selling eggs to gold miners for $1 each, gold pans for $5, tents and shovels. The right ones will have critical parts of the infrastructure to come, just like Cisco cashed in with routers.
Right now there is nothing tying a coin to a knowable fixed value. So if you are a merchant accepting crypto, the problem is that that Dogecoin you accepted could be worth camel piss, and you will lose money. But the guy running a crypto node and collecting a fee for processing transactions, he is making money, literally, in two ways, creating coins and for a fee replacing a bank transaction. So some parts of crypto are not Ponzi.
I think Trump will come around on this, and in some of his other stubborn boomer dogmas. In the light of the current cultural climate, I for one think the market would have reacted very poorly if he were to come out as an advocate.
But Bitcoin is a scam. All crypto are scams. They have no real value. It’s like a Ponzi scam.
I've got some bad news for you. None of your money has real value
That's not an excuse to try and replace it with something that has even less value.
Fiat currency does have some tangible value, GDP of the source country / total amount of the currency in circulation. Yes, it's essentially vapor, and can be fabricated and manipulated at will, but digitized fiats are in no way an an actual improvement.
They are really just free beta testing of the system globalists have planned to implement for over 50 years.
Just as legit as fiat cash
Rather the gold standard back like trump wants
He's right and he's wrong.
Trump can smell hustlers since it takes one to know one.
Currently, crypto as played, is very Ponzi-like, loaded with heavily speculative gamblers. It isn't helped by grifters creating new coin types like a firehose. One of my mining companies has turned itself into a crypto company, hoping to grab attention. Digging in the dirt has nothing to do with mining crypto. Dogecoin is another example of greed, with busboys buying crypto, hoping to buy a Lambo. Fuck that and that creepy fucking dog and Elon.
However, the other side is that this is like the early Internet - a new technology with large potential. In the early days of the Internet, no one knew what it would become. Eventually some key companies emerged and made the early investors quite rich.
The cryptos that will succeed are the ones not just with some stupid coin currency but rather, the ones setting up a stake as facilitators of commerce. They are the ones selling eggs to gold miners for $1 each, gold pans for $5, tents and shovels. The right ones will have critical parts of the infrastructure to come, just like Cisco cashed in with routers.
Right now there is nothing tying a coin to a knowable fixed value. So if you are a merchant accepting crypto, the problem is that that Dogecoin you accepted could be worth camel piss, and you will lose money. But the guy running a crypto node and collecting a fee for processing transactions, he is making money, literally, in two ways, creating coins and for a fee replacing a bank transaction. So some parts of crypto are not Ponzi.
Hes not wrong
I think Trump will come around on this, and in some of his other stubborn boomer dogmas. In the light of the current cultural climate, I for one think the market would have reacted very poorly if he were to come out as an advocate.