Bitcoin is about to die
(www.barrons.com)
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Well, all they have to do is turn off all exchanges to fiat conversion and it is game over.
Crypto/digital assets are only a thing because it can convert to fiat.
Arguments against?
BTC existed and prospered BEFORE exchanges is a pretty strong argument.
Lets hope central banks never turn off conversions from fiat to gold so it'll be game over.
Not sure if serious?
Money's value used to be PINNED to value of gold.
Currency used to be a Gold Certificate. A Gold Certificate is a United States issued paper money bill that was fully redeemable in its face value of gold. This means back in the late 1800s and early 1900s you could bring a Gold Certificate to the bank and receive equal value in gold to the denomination.
The fiat currency now is not redeemable for gold. It takes more and more fiat to buy an ounce of gold. The fiat currency loses value every year.
Not serious, since an even remotely comprehensive rebuttal would be long enough to read as a leftist meme.
The regime would basically have to shut down the internet, and possibly electricity, to make it game over for crypto. And then the world would have larger problems.
Meanwhile their own fiat currency scam has been decoupled from gold, is being inflated out of any semblance of value as fast as they can get away with, and they routinely prohibit bank transfers from and to individuals as well as organizations and countries. And their current project is to shut down fiat cash. These problems can only be solved with an insane number of impalements.
NO.
You are all missing the point.
I am not saying that the network will go down.
The network can continue ad infinitum.
Peer to peer exchange of BTC can continue ad infinitum.
So what, if you cannot convert it to fiat or CBDC?
Example...you have 100 beans. I and 29 friends keep exchanging the beans. They are good and great beans. No one else knows that we are doing this.
We value one bean $16,000.
However, noone else in this planet (except the 30 of us) likes to do anything with these beans.
Noone is stopping us for swapping our beans, lending it to each other or do whatever with it. However, we have to pay the bills, buy food, pay gas, and the Internet bill and none of these idiots want to accept our beans. All these idiots (except us 30) like to play with some idiotic form of currency called CBDC.
Your arguments please...
That was over 100 years ago, and 50 years ago the last fractions of the gold where removed. All that's left now is debt and retards with severe Stockholm syndrome defending that flawed system at all cost.
The real money is Gold and Bitcoin, they both can and should coexist in this modern day world where we need both digital and physical money.
I was very suspicious of bitcoin and missed the early years.
I still own none. But I like the entire theory behind it and believe something like this very well may be the better alternative to central banking systems hustling fiat controlled by pedophile jew cartels.
Also Gold and silver historically hold value. Maybe for reasons we don't quite understand. Why did our ancient civilizations choose gold as the thing of value? What did they know about it that we don't?
Used to is the keyword here.
It will not get banned. The network cannot be banned.
The conversion to fiat will get banned globally.
Do you think TPTB will allow a viable alternative to CBDC?
Thanks
Can still meetup in person and do p2p transactions
Sure.
So what do you do with bitcoin if you cannot use it to exchange to fiat or CBDC?
Do you understand the problem?
It is not the exchange (centralised or decentralised).
It is what do you do with it?
You barter obviously, just like in the old days when Gold was the most common medium of exchange. Bartering is tax free, sure it takes a little more time as you have to discuss the price of everything which takes time, but then ask yourself why did we have so much time back in the old days, but not anymore. Despite all the technological innovations supposedly designed to save us time.
Crypto can be exchanged for goods and services?
That, too, is decentralized.
I believe anyone can run nodes on their own networks.
I think the Start9 Embassy is capable of running a bunch of these nodes, lightning network, etc.