I want to like Bitcoin but the ledger being public, every transaction recorded, and the capital gains reporting requirements any time I convert to cash to sell or even transact seems scammy.
Also I hear about lots of paper Bitcoin millionaires but I don't know anyone who cashed out and bought land or a mansion via Bitcoin wealth.
And if no one is really cashing out and there isnt much regular day important commerce utilizing the bitcoins then it seems more the pyramid scheme
So far my criticism of Bitcoin has been mostly wrong so take that with a grain of salt
Also I hear about lots of paper Bitcoin millionaires but I don't know anyone who cashed out and bought land or a mansion via Bitcoin wealth.
And if no one is really cashing out and there isnt much regular day important commerce utilizing the bitcoins then it seems more the pyramid scheme
The reason they're not cashing out is because BTC value will only rise in the future due to scarcity and more widespread adoption. The old coiners sell a bit to cover their costs and live comfortably but that wont make the news.
It is, but it's anonymous (wallet address only present) and accessible by everyone (open source). This is only made possible by the blockchain at this scale.
Yes, good point. There's no perfect airtight solution in cryptography and there never will be. I was a BTC hater for a long time and wanted it to burst badly. It didn't though and I got wiser and started stacking - it's never too late. I used to stack gold and still hold it but at this point I'm convinced BTC is the best asset there is and I'm willing to go all in on it. I believe owning BTC will be crucial in the decades to come.
I like your handle. 2+2=5.
Thanks. You should read C.S. Lewis's That Hideous Strength if you haven't. It came a couple of years before 1984 and is every bit as relevant today. Just like Orwell, Lewis personally knew the circle of people he was writing about and used fiction to expose their agenda.
Yes, I've red it as well as some other of their books. His brother Julian wrote the UNESCO manifesto and coined the term transhumanism. The Huxleys are part of the Royal Society malthusian transhumanist cabal and the Fabian globohomo socialists (Orwell was part of them too at one point), that C.S. Lewis writes about in his book.
Both him and Tolkien knew about their plan for luciferian global technocracy which inspired Mordor and Sauron. And then we have Peter Thiel's Palantir which ties in neatly with the all-seeing eye/AI theme.
Commentor demonstrates how he fails to understand how conspiracy conditioning has and does work for thousands of years. You are the definition of hope-cope.
You get paid in crypto and exchange those services which values based on ? the dollar you retard.
It doesn't matter what currency is used to determine the value of the service. It could be dollar, euro, yen, gold beads or pokemon cards. Or just BTC/Satoshi. The transaction is in BTC and that's what matters.
Your trading for goods and services valued on rates defined by not the two parties who directly exchange the goods means you are subject to third party valuation. YOU have no idea how money works.
Live in your bubble of believing independence in a system crafted to create that illusion, believing banks and government have been not only unwilling to stop independent curreny but also an ally. You are either that retarded or a jew bot farmer.
So there is no way to determine the value of anything outside of using the fiat currency issued by government? This is like saying I can't know how long is something if I don't use the government sanctioned system of measurement - do you know how retarded that is, you absolute moron?
Can you prove that's the case and tell me what prevents people from using an alternative system of valuation?
I want to like Bitcoin but the ledger being public, every transaction recorded, and the capital gains reporting requirements any time I convert to cash to sell or even transact seems scammy.
Also I hear about lots of paper Bitcoin millionaires but I don't know anyone who cashed out and bought land or a mansion via Bitcoin wealth.
And if no one is really cashing out and there isnt much regular day important commerce utilizing the bitcoins then it seems more the pyramid scheme
So far my criticism of Bitcoin has been mostly wrong so take that with a grain of salt
The reason they're not cashing out is because BTC value will only rise in the future due to scarcity and more widespread adoption. The old coiners sell a bit to cover their costs and live comfortably but that wont make the news.
It is, but it's anonymous (wallet address only present) and accessible by everyone (open source). This is only made possible by the blockchain at this scale.
Yes, good point. There's no perfect airtight solution in cryptography and there never will be. I was a BTC hater for a long time and wanted it to burst badly. It didn't though and I got wiser and started stacking - it's never too late. I used to stack gold and still hold it but at this point I'm convinced BTC is the best asset there is and I'm willing to go all in on it. I believe owning BTC will be crucial in the decades to come.
Thanks. You should read C.S. Lewis's That Hideous Strength if you haven't. It came a couple of years before 1984 and is every bit as relevant today. Just like Orwell, Lewis personally knew the circle of people he was writing about and used fiction to expose their agenda.
Yes, I've red it as well as some other of their books. His brother Julian wrote the UNESCO manifesto and coined the term transhumanism. The Huxleys are part of the Royal Society malthusian transhumanist cabal and the Fabian globohomo socialists (Orwell was part of them too at one point), that C.S. Lewis writes about in his book.
Both him and Tolkien knew about their plan for luciferian global technocracy which inspired Mordor and Sauron. And then we have Peter Thiel's Palantir which ties in neatly with the all-seeing eye/AI theme.
OP once more demonstrates his lack of understanding the difference between CBDC, stablecoin and BTC.
BTC is not backed by dollars or any other currency. I can pay and get paid in BTC for services and use zero federal currency in the process.
Commentor demonstrates how he fails to understand how conspiracy conditioning has and does work for thousands of years. You are the definition of hope-cope.
You get paid in crypto and exchange those services which values based on ? the dollar you retard.
It doesn't matter what currency is used to determine the value of the service. It could be dollar, euro, yen, gold beads or pokemon cards. Or just BTC/Satoshi. The transaction is in BTC and that's what matters.
You have no idea how money works.
Your trading for goods and services valued on rates defined by not the two parties who directly exchange the goods means you are subject to third party valuation. YOU have no idea how money works.
Live in your bubble of believing independence in a system crafted to create that illusion, believing banks and government have been not only unwilling to stop independent curreny but also an ally. You are either that retarded or a jew bot farmer.
So there is no way to determine the value of anything outside of using the fiat currency issued by government? This is like saying I can't know how long is something if I don't use the government sanctioned system of measurement - do you know how retarded that is, you absolute moron?
Can you prove that's the case and tell me what prevents people from using an alternative system of valuation?