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11
Why Has Crypto Been So Successful? Ten Years Ago I Was Sure It Was A Scam & Was Going To Crash. Bitcoins & Other Ridiculous MEME Coins Keep Going Up. There's A Whole Industry Around Crypto Now & Crypto Journalists Such As CoffeeZilla. Bitcoins Alone Are About To Be Worth More Than Google >$2T (www.ft.com)
posted 326 days ago by Vlad_The_Impaler 326 days ago by Vlad_The_Impaler +11 / -0
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– deleted 4 points 326 days ago +4 / -0
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– SmithW1984 2 points 326 days ago +4 / -2

And what's the good money it's driving out? Fiat?

Let me summarize the schizophrenia of this forum when it comes to money:

BTC is going to enslave us all because it's fake money scheme and it's ultimately controlled by tptb. Oh wait, we're already enslaved by Fed printed monopoly money as of 1913 Federal Reserve Act.

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– Donkeybutt75 2 points 325 days ago +2 / -0

I'll pretend you don't already know this, but it's the fact that it's digital-only that makes it worse than the current fiat. It is designed to replace the current fiat currencies with all of that same enslavement features as the current system, plus full control on how and when you can use it (not to mention the impossibility of anonymity).

That is objectively worse.

I know, I know, but muh BTC isn't like that. Just wait. It will be.

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– SmithW1984 1 point 325 days ago +1 / -0

BTC is not CBDC, otherwise I'd agree. BTC will always be an alternative option to the fiat and CBDC beast system which is de facto mandatory. I'd take decentralized digital over centralized physical anytime.

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– Donkeybutt75 1 point 325 days ago +1 / -0

It's only a fork away though. That's the thing. And between BlackRock, Coinbase and the US Government it's pretty easy to force that fork to be the accepted one.

They aren't going to just let people freely use a non-sanctioned currency instead of theirs. And they need a digital-only currency to enforce the control grid.

That's why people talk bad about BTC. It is a backdoor way of tricking people into a CBDC-equivalent.

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