I can hear them seething. I was stupid enough to wait until BTC got to 55K. It's never too late to admit you were a fool and invest into the future of decentralized limited supply money and the only viable alternative to CBDC.
In 2013 I did some preliminary research into building a bitcoin mining rig. I determined it would have taken a year to pay off the hardware, and that it would've been cheaper to just buy the bitcoin directly instead of buying the hardware.
So I just said "fuck it" to the whole thing. Cause I didn't want to invest in bitcoin, I wanted a computer that printed money. I would've sold off all the BTC as soon as I got it if I did.
Yes, I'm retarded. Now, I'm still not invested in BTC (probably a bad time to buy RN anyways) and I have all my holdings in a handful of shitcoins and meme tokens I'm hoping take off this cycle. So I'm probably still retarded.
How do you know that bitcoin itself is not CBDC already, under the guise of being created by some mysterious Satoshi Nakamoto who might not even be a real person?
Have you converted your bitcoins back into U.S. dollars? Or you still hold the bitcoin?
Every transaction is permanently recorded in a public ledger. That seems centralized. Also you have no idea who centrally controls it or how much bitcoin is still in circulation. It's not actually used as currency for daily transactions. It's a fraudulent store of value and is worthless in a crisis. no one is going to give you ammunition or guns or food or gasoline or electricity or land in exchange for your bitcoins unless they are fools. Now that bitcoin is on the jewish stock exchanges it will become more speculative and fraudulent than ever.
You will own nothing (digital make believe bitcoins) and be happy.
u/XxxRDTPRNxxX already explained it - it's anonymous, decentralized and most of all has limited supply which means no monetary policy to manipulate money value and cause inflation-deflation boom busts. The only thing in common between BTC and CBDC is that they both are encryption based digital money. Monopoly money is more like real USD - both of them being fake printed money with an unlimited supply - than BTC is to CBDC.
As for Satoshi Nakamoto, he probably doesn't exist and the blockchain technology comes from the same place as all other groundbreaking tech comes from - DARPA and the military agencies. Just like any tech, it's just a tool that can be used for good or for evil. In this case BTC is the good and CBDC is the evil, and yes this is what they're shooting for and they probably use BTC as a stepping stone. That still doesn't make BTC bad though. It's the same as with the internet.
Yall are just mad you didn't buy bitcoin when it was $3 just like the rest of us are.
I can hear them seething. I was stupid enough to wait until BTC got to 55K. It's never too late to admit you were a fool and invest into the future of decentralized limited supply money and the only viable alternative to CBDC.
In 2013 I did some preliminary research into building a bitcoin mining rig. I determined it would have taken a year to pay off the hardware, and that it would've been cheaper to just buy the bitcoin directly instead of buying the hardware.
So I just said "fuck it" to the whole thing. Cause I didn't want to invest in bitcoin, I wanted a computer that printed money. I would've sold off all the BTC as soon as I got it if I did.
Yes, I'm retarded. Now, I'm still not invested in BTC (probably a bad time to buy RN anyways) and I have all my holdings in a handful of shitcoins and meme tokens I'm hoping take off this cycle. So I'm probably still retarded.
How do you know that bitcoin itself is not CBDC already, under the guise of being created by some mysterious Satoshi Nakamoto who might not even be a real person?
Have you converted your bitcoins back into U.S. dollars? Or you still hold the bitcoin?
CB stands for central bank.
Bitcoin is designed from the ground up to be decentralized.
How do you know for sure that bitcoin is a bottom's up movement?
Why hasn't the federal government and other world governments done more to shut it down if it was a true ground up movement?
Is it possible that bitcoin itself is a federal or CIA op? You guys already admitted the ledger is public.
Quantum computing gets developed and suddenly AI will have processing power to trace every transaction back to you.
Every transaction is permanently recorded in a public ledger. That seems centralized. Also you have no idea who centrally controls it or how much bitcoin is still in circulation. It's not actually used as currency for daily transactions. It's a fraudulent store of value and is worthless in a crisis. no one is going to give you ammunition or guns or food or gasoline or electricity or land in exchange for your bitcoins unless they are fools. Now that bitcoin is on the jewish stock exchanges it will become more speculative and fraudulent than ever.
You will own nothing (digital make believe bitcoins) and be happy.
u/XxxRDTPRNxxX already explained it - it's anonymous, decentralized and most of all has limited supply which means no monetary policy to manipulate money value and cause inflation-deflation boom busts. The only thing in common between BTC and CBDC is that they both are encryption based digital money. Monopoly money is more like real USD - both of them being fake printed money with an unlimited supply - than BTC is to CBDC.
As for Satoshi Nakamoto, he probably doesn't exist and the blockchain technology comes from the same place as all other groundbreaking tech comes from - DARPA and the military agencies. Just like any tech, it's just a tool that can be used for good or for evil. In this case BTC is the good and CBDC is the evil, and yes this is what they're shooting for and they probably use BTC as a stepping stone. That still doesn't make BTC bad though. It's the same as with the internet.