Governments control electricity among many other things.
Without electricity your bitcoin does not exist.
PortaJohn
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Governments control electricity among many other things.
Without electricity your bitcoin does not exist.
I always thought he was a nut, but he making perfect sense now.
Lemme get this straight.
History is giving us yet another butt fucking education on the virtues of fiat currency.
Tell me again how bitcoin isn't fiat currency.
Explain it to me as if I were a 5 year old, cause evidently I'm not very smart.
History is giving us yet another butt fucking education on the virtues of fiat currency.
Tell me again how bitcoin isn't fiat currency.
Explain it to me as if I were a 5 year old, cause evidently I'm not very smart.
Absolutely incorrect. The Bitcoin will still exist in a wallet somewhere it is then a matter of access. Assuming that the .gov would shut down the entire grid to stop access to crypto is highly unlikely.
Wow, that is simple. Fiat currency is centralized in banks and crypto is not. Simple as that.
The governments do the bidding of the money handlers.
The money handlers aren't going to let anyone circumvent them by digital means.
Digital is much easier to control than tangible assets.
That was not my point nor the point of the OP. I do not disagree that .gov will eventually figure out ways to tax or lockup hot wallets BUT a cold wallet is different and that has always been my point. People that discount the advantages of crypto know little about crypto.
running commentary on the election of emergency powers in Canada
It's actually worse in that it isn't backed by the government issuing it or using it.
The main difference between real money and fiat is that real money is backed a tangible asset, crypto certainly is not.
There are few fiat currencies backed by anything other than faith. The US dollars is
Propped up by the idea that the GDP will continue to grow. The idea that our currency is backed up by anything tangible is a fallacy.
What can you do with it, and don't say buy stuff.
It is a currency, with no actual substance, that is valued and backed by virtually nothing.
Hell you can't even start a fire with it.
So tell me again how it isn't a fiat currency.
Explain it like I'm a 2 year old.
You are so wrong and you can buy stuff with it just like USD or any other fiat. This discussion has been had on this board many times and I am not going to wrestle
With your bias. Agree or don’t, I don’t give a shit.
That's correct, but you tried to claim crypto isn't fiat, it is in that there is no tangible asset behind it.
I can even argue the point on government backing. Why do you think all these little companies have been allowed to basically reveal the magic trick behind our money supply and how it is created? It is nothing more than a giant casting call to find out what works best for when they decide to step in and make one "official".
If they kank your access to networks to trade then you will have to purchase face to face with that cold wallet.
And if someone steals your storage device you're going to be SOL same as if you has been trading in precious stones or metals.
Crypto is only convenient when you have access to the digital world. That can easily be cut off.
And when the lights go out, a can of beans is worth much more.
Fires in liberal democracies
What if there were a fire in a liberal democracy scorching human rights and civil liberties? What if that fire was in several liberal democracies and spreading fast? The people are loudly screaming
We are almost there.
Okay, I am not going to continue this discussion because you are taking an extreme position that is ludicrous. In your scenario no currency will be an option because no one will have access to any money, crypto or fiat. No network means no ATMs, no wire transfers or any other exchanges. In that case you will not be able to withdraw money from a bank.
I will agree on the can of beans comment but that would apply to all currency in
Your scenario.
Aren't we testy.
Lemme tell you what it is.
Its the test bed for the cashless system.
Oh I'm sure its a good investment, everyone in on it will be in on the ground floor.
Itll go real nice with a mark in one's right hand or forehead.
No need to get pissy.
I'm probably on your side.
God damn you just don’t get. Try this and see if it helps
What is fiat currency?
Fiat currency is the global currency standard and is backed by individual governments. Fiat currencies are different from cryptocurrency, commodity money and representative money.
mint.intuit.com
And this:
www.americanthinker.com
'Freedom' now deemed a white supremacist notion
Taylor Dysart, a doctoral candidate at Penn, authored a column in which she claimed that the Canadian truckers' Freedom Convoy
Those eggs in your basket?God damn you just don’t get. Try this and see if it helps
What is fiat currency?
Fiat currency is the global currency standard and is backed by individual governments. Fiat currencies are different from cryptocurrency, commodity money and representative money.
They aren't your eggs.
Buy it, mine it, however the hell you get it, knock yourself out. Don't shoot the messenger.
It dont be like you think it be.
Calling it fiat, seems to piss you off. So...let's just say its a virtual currency, that you can't actually feel, touch, or rip. Its value is set by public trust in its worth.
Its also a test bed.
This is not a test run for a cashless society, we have been cashless for 10 years or longer.
Crypto is an experiment in decentralized currency that is mobile and currently not controlled or issued by a .gov.
I personally don’t care if it is a good investment or not. This is an Boomer vs non-Boomer shift in the paradigm of currency. People should use crypto for what it currently is, a shadow currency that the .gov cannot control. Enjoy it will you can if
You chose to.
It has nothing to do with shooting the messenger, it is about people arguing about things they know nothing about and refusing to learn. Another example is the inherent misunderstanding that exists on the board about HIPPA or HIPAA, whichever it is.
that is hilarious. go and fuck with an outlaw biker gang and find out what it is.
and watching these little fucks squeal and cry…and stomp around? that just makes me want to congratulate the folks who squared those turds away. maybe they should fuck with the outlaws and hells angels next. i’d really enjoy it if biker gangs took it upon themselves to hunt these fucks down.
She is just another Moron with a Bar Card, dime a dozen these days.
Can’t use it at HEB, but these places accept it.
Who Accepts Bitcoin as Payment?
As the top cryptocurrency, Bitcoin has seen explosive growth, but do you know who accepts Bitcoin as payment? This list is growing daily.
smallbiztrends.com
I don’t know about HEB but there are stores that accept crypto as payment. Crypto is becoming more widely accepted as a means of payment but it still has a ways to compared to USD. Crypto is not for everyone and has some challenges that cash doesn’t. It boils down to the advantages of crypto vs fiat for the individual.
I am not a big proponent of crypto at this point for any reason other than it is not printed/backed by the government.
Yes, you can buy crypto with dollars, gold, silver and even with other crypto. There are risks involved because cryptos can fluctuate in value more than dollars.
Junk silver for the win, tangible, will buy food in Barter Town.
During the Minneapolis riots, Hell's Angels defended a grocery store. Nobody fucked around and found out.
I'm not trying to be hostile to your positions. Hardware addresses are being databased against real person identities today. In a functional world where tyranny has taken the helm they will cut most off if there is a desire to do so. We have seen just in the last weeks that this is where Canada is moving. Which is why the only other scenario I see crypto working is mad max's thunderdome.
Long term tracking of hardware addresses is not sustainable which is why they will eventually require everyone to accept their digital system along with digital ID to trade. Look at how all the .corps are in lockstep today. All they have to do is announcne that they will only make payroll deposits into the new system and boom most value in the functioning economy is captured. Very similar to how they moved just about everyone over to direct deposit without so much as a wimpier.
I’m sorry about that. I answered part of the buying question in the earlier post via an add. You can buy cryptos through brokerage sites and the cash goes to owner of the crypto being purchased. The broker owns the crypto and exchanges it for the cash or gold/silver.
That is why governments are proposing their own crypto, because all addresses cannot be databased. The cold wallet exacerbates the problem. If governments were not scared of cryptos they would not be proposing issuing their own.
I am not saying that .govs will not eventually lock down crypto but it won’t be today or tomorrow. Use it for what it is:
I don’t know if it’s used to buy gold or not but this is not a Ponzi in any way, shape or form. Again, crypto is not for everyone and folks should accept it for what it is.
US Seizes Previously Undetected Silk Road Bitcoins Worth Over $1 Billion – News Bitcoin News
The U.S. government has seized over $1 billion in bitcoin from previously undetected transactions associated with the Silk Road marketplace and is now seeking the forfeiture of the cryptocurrency.
DOJ Seizes $3.6 Billion in Bitcoin Stolen in Bitfinex Hack
The U.S. seized about $3.6 billion in Bitcoin stolen during a 2016 hack of the Bitfinex currency exchange -- the largest financial seizure ever -- and arrested two people, the Justice Department said.
www.bloomberg.com
If they want it they can get it.
I think it's time for the Canadians to light those torches and sharpen those pitch-forks.
Mac
That's about the best weapon that they have since Canada is a gun grabber's dream.
Is there anyone here that's old enough to remember S&H Green Stamps? It sounds like the crypto currency is only a little better than that; for the time being.
Who sets the value of crypto? And what happens when the means to set it's value is blocked or siezed by the government?
I'm just asking questions. Crypto is billed as the screw you to the government but government can outlaw anything. If it does, what is it's benefit then?
What the gov can't ban is good old fashioned barter.
Someone correct me if I am wrong but the best underground economy that is mostly free of government interference is a barter economy.
It is probably less risky than bitcoin because there is not necessarily a paper trail or computer record. However, one must still report services or goods gained from barter to the IRS.
With that said, I think I would rather barter than to risk losing anything in bitcoin.
If I were rich enough to afford the risk, I suppose the bitcoin might be a chance worth taking but I don't have the money to tie up in that sort of venture.
Precious metals like lead and brass along with combustible compounds ignited by mercury fulminate are where the future is at gentlemen!
Look at every national disaster. No one is looking for pre-64 quarters, gold, or bitcoin. They're looking for tangible goods. Food, water, actual stuff.
Fully Vaxxed Fox News Anchor Neil Cavuto Back on Air After Five-Week Absence, Confirms He Was in ICU with 'Covid Pneumonia' (VIDEO) | The Gateway Pundit | by Cristina Laila
Fully vaccinated Fox News anchor Neil Cavuto was back on the air on Monday after a five-week absence.
www.thegatewaypundit.com
No sir. That was my feeble attempt at humor and a backhanded way of complimenting another scholarly genius. Great minds think alike.
