No, ignorant as fuck. Even dumb people with the right information supplied to them aren't as dumb. The problem lies, even in this article. The proper definition of terms for one thing. See my comment above John. The major issue I see with shitcoin,( good honest description by the way), is that it is a NO THING which if the power were to be shut off wouldn't be accessible. At least tally sticks would be accessible. Ignorance foisted by the government run indoctrinations centers is the major reason so many people walk around with their heads in the sand.
Crypto currency is a convoluted ponzi scheme. It is not literal or actual. It is a book entry on a computer spreadsheet. It can be created at will as it is not backed by anything. It is not secure or private as it is an electronic spreadsheet, which can be modified by participants. How is value or denomination assigned to something that exists only in the "cloud"? I would rather use trading cards (such as baseball player cards) as they actually exist and have a (negotiated) value. It is replacing fake currency (US dollar, which is a Federal Reserve IOU) with even more fake currency. Besides, why would anybody trust a "money" system, scheme, created by a government intelligence agency. It is the monetary equivalent to "safe and effective" "vaccines". The only real currency is a limited asset of value willingly accepted for trade (such as gold and silver.
While there may be a limit to how much Bitcoin itself can be created there is no limit to the number of crypto coins that can be created going by other names. Thus, when one reaches saturation, another just pops up.
Part Two: Efficiency or Influence; Elon Musk and Peter Thiel
My take on the whole crapto currency issue lies in my cursory understanding of a proper honest monetary system, which crapto is not part of. Let's all take a close look at Blood Running In the Streets and also realize we haven't had "money" in circulation in the US or the rest of the world for quite some time now. https://www.courageouslion.us/p/blood-running-in-the-streets-mobs
And the reality lies in some of the following quotes from my research...
Federal Reserve Notes are not federal, represent no monetary reserves and no longer conform to the definition of notes. Failing to state who, will pay what, when or to whom - they ceased to be legal tender notes, (offers of money) almost 60 years ago. They are in fact instruments of legalized THEFT.
"The Federal Government, with the cooperation of the Federal Reserve, has the inherent power to create money--almost any amount of it."
~ The National Debt, Federal Reserve Bank of Philadelphia, p. 8
ALMOST? Why only ALMOST? What keeps them from creating ALL they want? You? Me? Your dog? A full moon?
The only reason for taxes at the federal level is to make you "believe" they need them and to impart value in your mind on fake fiat currency.
FINALLY! Someone with common sense! Great article! If God wanted us to use DIGITAL money He'd put that in the Bible! From onset they were worried about your bank funds being tracked...but not crypto! 🤦♀️ Just because they make shitting in your hands and clapping sound good doesn't mean it is!
Yup. Those problems consist of Regulators on the take. Like the ones who gave Sam Bankman Fried license to rip off 50 billion from foolish investors. Who's next? We all know by now that the US dollar is only worth $0.02 to $0.03 compared to 1971. Clepto Currency is worth even less. Out of thin air...
Fuck Shitcoin. Crypto is Clepto. How many more FTX ripoffs will it take? People are dumb as fuck.
No, ignorant as fuck. Even dumb people with the right information supplied to them aren't as dumb. The problem lies, even in this article. The proper definition of terms for one thing. See my comment above John. The major issue I see with shitcoin,( good honest description by the way), is that it is a NO THING which if the power were to be shut off wouldn't be accessible. At least tally sticks would be accessible. Ignorance foisted by the government run indoctrinations centers is the major reason so many people walk around with their heads in the sand.
Crypto currency is a convoluted ponzi scheme. It is not literal or actual. It is a book entry on a computer spreadsheet. It can be created at will as it is not backed by anything. It is not secure or private as it is an electronic spreadsheet, which can be modified by participants. How is value or denomination assigned to something that exists only in the "cloud"? I would rather use trading cards (such as baseball player cards) as they actually exist and have a (negotiated) value. It is replacing fake currency (US dollar, which is a Federal Reserve IOU) with even more fake currency. Besides, why would anybody trust a "money" system, scheme, created by a government intelligence agency. It is the monetary equivalent to "safe and effective" "vaccines". The only real currency is a limited asset of value willingly accepted for trade (such as gold and silver.
While there may be a limit to how much Bitcoin itself can be created there is no limit to the number of crypto coins that can be created going by other names. Thus, when one reaches saturation, another just pops up.
Part Two: Efficiency or Influence; Elon Musk and Peter Thiel
https://ss40006f7d51ab75.wordpress.com/2024/12/05/part-two-efficiency-or-influence-elon-musk-and-peter-thiel/
My take on the whole crapto currency issue lies in my cursory understanding of a proper honest monetary system, which crapto is not part of. Let's all take a close look at Blood Running In the Streets and also realize we haven't had "money" in circulation in the US or the rest of the world for quite some time now. https://www.courageouslion.us/p/blood-running-in-the-streets-mobs
And the reality lies in some of the following quotes from my research...
Federal Reserve Notes are not federal, represent no monetary reserves and no longer conform to the definition of notes. Failing to state who, will pay what, when or to whom - they ceased to be legal tender notes, (offers of money) almost 60 years ago. They are in fact instruments of legalized THEFT.
"The Federal Government, with the cooperation of the Federal Reserve, has the inherent power to create money--almost any amount of it."
~ The National Debt, Federal Reserve Bank of Philadelphia, p. 8
ALMOST? Why only ALMOST? What keeps them from creating ALL they want? You? Me? Your dog? A full moon?
The only reason for taxes at the federal level is to make you "believe" they need them and to impart value in your mind on fake fiat currency.
Also see: https://www.courageouslion.us/p/a-caveat-against-injustice
& https://www.courageouslion.us/p/a-plea-for-the-constitution-of-the-c73
FINALLY! Someone with common sense! Great article! If God wanted us to use DIGITAL money He'd put that in the Bible! From onset they were worried about your bank funds being tracked...but not crypto! 🤦♀️ Just because they make shitting in your hands and clapping sound good doesn't mean it is!
Really good break down of crypto. Better than Clif Highs . As all he checked was the code integrity. Not the tracking.
I’m still somewhat confused, it looks to me like there is a couple of problems with it, I’m not sure.
Yup. Those problems consist of Regulators on the take. Like the ones who gave Sam Bankman Fried license to rip off 50 billion from foolish investors. Who's next? We all know by now that the US dollar is only worth $0.02 to $0.03 compared to 1971. Clepto Currency is worth even less. Out of thin air...