The Crypto Warning

a reply to: anonentity

I have so much bullion I would need a horse to carry it.

In fact these arrived just today, not had a chance to bury them yet

a reply to: Grenade

Oh yummy I'll store them for you haha.

a reply to: anonentity

Separating me from my silver is like Beowulf stealing from a dragon. You may leave with a trinket but it's likely to accompany some cold hard steel.

a reply to: Grenade

Well said sir!

a reply to: anonentity

Not sure if you got the intentional straight face but you get the idea.

:|

a reply to: CloneFarm1000

If a loaf of bread is to cost hundreds, if not thousands if dollars...


Then maybe it's time to learn how to bake your own bread?


Neither dollars or crypto coins are edible.

a reply to: anonentity

A finite amount of crypto means the value of the coins is based on demand and nothing more. One coin was originally worth about $10. Not its around $61,000. When they are all mined the price will be higher. But you will still be able to transact fractions of a coin in pretty much whatever dollar amount you choose. There will be a point when the transaction fees make smaller value exchanges less attractive, but that isn't much different than spending $10 to get a $5 cashiers check. Its not worth it.

a reply to: Mantiss2021

"Only when the last tree has died, and the last river been poisoned, and the last fish been caught, will we realize we cannot eat money."

Thenrich have been doing this to us for centuries... Now thanks to nerds and mathematics, we have developed smart money systems to take SOME back (before it becomes yet another method of control)... Enjoy your gains, both financially and morally. Long may it last

originally posted by: ColoradoTemplar
a reply to: CloneFarm1000

Its the whales controlling the market, my SHIB made good gains then started tanking again

I have been studying some of these and that is one. Most of them start off up and down and then after a bit really take off. Holding on to some of them makes a lot of sense. The SHIBA had some group open up a wallet and sell trillions of them for a tidy profit.

originally posted by: Grenade
a reply to: anonentity

If you think digital systems will regress then you haven’t been paying attention.

We live in a technocratic dystopian society, digital currencies are fundamentally intrinsic to the future development of humanity in the minds of our leaders.

Barring celestial intervention our path to digital currency is inevitable.

But if they are all going to be doing CBDC's : then won't the BIS and the Jekyll-Island monsters view Bitcoin as competition, and try to take them down ?

a reply to: Nothin

BIS won't view BTC as competition, at scale BTC would be slower/more expensive than the legacy system and solve none of the current problems with liquidity. Blockchain is going to lubricate the rails of both settlement and supply chain, integrated.

All the CBDC will run on an existing protocol. They will take up most of the retail space eventually, but the other cryptos will be facilitating their widespread use in all industries. The CBDC just gets those who allocate/settle funds into the space and opens up those tools. Most people will continue to use their native digital currency just like the paper version.

BTC was an innovation, but the explosive growth for BTC is mostly over. Utility tokens are the next stage, the true rise of crypto into full adoption and the Internet of Things.

a reply to: Nothin

I’d love to see how they setup CBDCs on a global digital network while shutting down decentralised coins that depend on and utilise the same protocols and hardware. The only real way to kill bitcoin is to shutdown the internet, there’s simply too much dependence on our interconnected digital world for that to be a viable option, what’s the point in government issued digital currency? That or they bring out a new global network which is heavily locked down and secured. Either way any transition is a way off and I intend to be off into the sunset with physical assets and a diversified portfolio capable of mitigating any loss.

a reply to: Ksihkehe

Thanks for the reply.

My fear is that they will find a way to strangle it, either through an IP protocol adjustment, or by making it impossible for anyone to 'legally' convert crypto-coins to any kind of 'legal' currency.

Also perhaps regulatory laws that effectively prevent companies like Tesla™ from dealing in cryptos.

Don't know, but just very wary of ' The-Great-Reset™ ', and the implication that they want to completely crash the economy, to build it back up their way with CBDCs, ' Green-Credits™ ', and an interlaced Social-Credit™ system.

They want to control everything, and cryptos are a loose cannon to them.
Probably a couple or a few years left though, but by ' 2030™ ' : it's their intention to control every calorie of energy spent, everywhere. Cryptos don't fit in ' Agenda 2030™ '.

Despite that : am still interested in throwing some casino money at it, perhaps for a couple of years.
Want to get a new computer and external HD first though.

a reply to: Grenade

Thanks for your reply.

My instinct tells me that they will find a way to quash it all. Some ideas were expressed in my answer to KK.

Don't really know anything myself though, just that it doesn't fit-in with their plans.

Glad you have done well, and prepared things for the uncertain future.

Do you know of any forums, that have hints about how to protect ones finances for the upcoming recession, eventual crash, and ' The Not-So-Great-Reset™ '.

a reply to: Nothin

They absolutely will crack down on it. Most of the things they do to restrict freedom and access won't be observable to Joe Public. It's the same as the Internet. Aside from fewer unique sites and more generic bs most people don't realize that the Internet is pretty well bolted down and completely under the control of global powers. This will happen to crypto as well.

The rails from crypto to fiat is the current choke. They'll exploit this first to prevent the use of privacy coins. Crypto companies will have to be registered financial entities and they'll be prohibited from dealing in privacy tokens, AML and KYC. As crypto becomes more widely adopted at retail they'll leverage payment processors to stop use of privacy tokens at scale. They already use them as leverage for Internet control.

Crypto isn't excluded from their global agenda, it is integral to it. Being in crypto now puts us in the catbird seat and allows us, collectively, to influence this process. It's no different than the speculators during the days of rail buying up property based on their projections for where lines would end up. We're just dealing with digital rails this time.

a reply to: Ksihkehe

Agreed 100%.

The assets we all know as "crypto currency" is not really what the global finance world is aiming for, say like the rumored Fed Reserve crypto coin.

I don't expect centralized tokens to rely on distributed ledgers; the issuing authority will track and record the transactions themselves.

As such, the concept of "mining" (rewards for proof of work/proof of stake for participants to help keep the ledgers up to date) will likewise be excluded. If say the Fed Reserve keeps the ledger internal (at least for updates/recording transactions) they won't need anybody else to curate the block chains.

Also, I expect the infrastructure and tech/source code to run the currency transaction management to be proprietary and not open source. This will enable the issuers to operate and set rules for transaction transparency/immutability to what ever degree it suits them. If they want to be able to go back, wipe or fudge the ledger without completely fouling up the hashes for all transactions following what they want to change, they will want to keep their software internal.

About the only thing I expect the new centralized currencies to share with previous crypto tokens is their digital footprint, utilizing some type of networked system of tracking people's transactions in a blockchain/ledger.

This is not going to be about freedom, financial transparency and simplicity of moving money around.

This is going to be about consolidation and control.

originally posted by: Vroomfondel
a reply to: anonentity

A finite amount of crypto means the value of the coins is based on demand and nothing more. One coin was originally worth about $10. Not its around $61,000. When they are all mined the price will be higher. But you will still be able to transact fractions of a coin in pretty much whatever dollar amount you choose. There will be a point when the transaction fees make smaller value exchanges less attractive, but that isn't much different than spending $10 to get a $5 cashiers check. Its not worth it.

Except you dont spend $10 to get a $5 cashiers check. You pay a percentage of the amount youre requesting, and that fee is usually capped.

Yall are fkn nuts.

If you cant see that cryptos like bitcoin and ethereum do the exact opposite of their supposed benefits, you deserve whats coming.

originally posted by: CloneFarm1000


I believe that all this money that everybody is making is a precursor for a day that a loaf of bread will cost hundreds if not thousands of dollars.

Does that mean my paycheck will be millions of dollars?

a reply to: CloneFarm1000

If you (and I) had invested just $20 in Bitcoin 13 years ago when it came out, we would be $Millionaires. Of course, Bitcoin is not growing at the exponential rate currently as it did over a decade ago. There are other crypto currencies that are growing quite fast and people need to take a hard look at the various sectors within this fast growing market and stop having analysis paralysis (as I did 13 years ago) and invest in it!