dannno
Member
- Joined
- Dec 19, 2007
- Messages
- 65,717
The private key doesn't need to be stored on a hard drive or digital device and the private key should only be stored cryptographically on any digital devices.
Bitcoin Cracks $5000
- Thread starter anaconda
- Start date
The private key doesn't need to be stored on a hard drive or digital device and the private key should only be stored cryptographically on any digital devices.
You didn't answer any of the questions, as usual. Just deflection and personal attacks. It's the newest ponzi scheme from the same old ponzi schemers as always.
Yes, we did already establish that you love the bitcoin ponzi scheme returns since Dollar conversion rates buy you a really nice lifestyle in your poor Baltic home country.
Is there some reason you can't actually answer any of my questions directly? Your reply doesn't even make sense as a reply to my question.
Btw, seems to me that the recent rise in bitcoin price actually is the usual suspects buying it up so they can control it. Great for you if you can get out with a big profit but when Paypal and the like are piling in, that's when you know it actually is being controlled by the bankers. So much for all the hype about it being a decentralized system outside of the mainstream banking control structure. Now you same folks applaud that the same control structure is getting directly involved in it because it may mean more dollars to you
Last edited:
The Northbreather
Member
- Joined
- Feb 23, 2012
- Messages
- 2,925
What would be your ideal money?
Anything backed by something real, tangible and valuable. We haven't had that since the usual british banker suspects got their hooks into the country via the Federal Reserve Act in 1913. Everything else is ponzi fraud crap and more of the same, but with even tighter controls by a handful of people and further separation from what is real. Tired of the mindscrew financial games...
Working Poor
Member
- Joined
- Feb 15, 2008
- Messages
- 10,985
@ 23k right now.
That's because the people that print the currency and control most of the currency are now buying it up, like I said in an above post. They'll eventually completely control all of it again, just like everything else. Meet new boss, same as old boss. They're passing off their current fiat digital currency onto bagholders before it is majorly devalued. Since they're also the same people that work in concert with the central banks, if/when they're directed to crash bitcoin in favor of the FedCoin, they'll do it. Guess what happens then? Dollars are worthless, bitcoin worthless, all that's left is imaginary FedCoin...."you'll own nothing".
CBDC -- Centralized Banking Digital Currencies? -- seem similar to E-Coin. (Mr. Robot is an excellent series, which I recommend everyone should watch!)
Something "real and tangible" can still be seized, arguably easier than digital cryptocurrencies! (Quantum computing trivializing encryption is the biggest threat.)
Cryptocurrencies' value come from scarcity and security. (Though, not all of them are deflationary or limited in supply.)
Something "real and tangible" can still be seized, arguably easier than digital cryptocurrencies! (Quantum computing trivializing encryption is the biggest threat.)
Cryptocurrencies' value come from scarcity and security. (Though, not all of them are deflationary or limited in supply.)
The Northbreather
Member
- Joined
- Feb 23, 2012
- Messages
- 2,925
Does being backed by the choice of the people qualify?
What if the people chose a money that became more valuable as the banks debased their slave money?
Despite its issues, it’s hard to believe that someone on these forums would have a problem with individuals and businesses Voluntarily choosing a money that protects their purchasing power from the central banks.
Dr. Paul himself has repeated many times that money is whatever the people choose it to be and select by using it, it doesn’t just have to be one thing either, there could be many competing monies and that would be a benefit.
Sure, real and tangible can still be seized but that requires actually sending people to do it, at risk of harm or violation of natural law. Direct liabilities.
POOF goes the crypto, however. No risk, no recourse.
If by scarce, you mean it literally doesn't exist except in your mind, then yes, very scarce. As scarce as something can possibly be, in fact!
Show me where an informed choice is offered instead of the usual crisis-reaction-solution insertion technique.
No one is arguing that you shouldn't have a choice in whether you switch Fake Money Substitute A for Fake Money Substitute B. Do whatever you want. But don't try to gaslight me into thinking it's some kind of improvement and isn't another creation of the old boss trying to maintain control as the new boss.
If there were real choices being offered, I'd agree completely. It's hard to claim that real choices are offered when other choices are systematically suppressed, however.
Last edited:
True; but if it's governments doing the seizing, your odds of survival plummet. (Are you ready to kill someone over stuff, just like them? Evidently so!)
Cryptocurrency won't disappear unless an internet kill-switch is flipped, but even then, those funds still remain until accessed and transferred. (EMP's are a threat, too.)
You're just being disingenuous here: Ideas are quite plentiful [and digital representations can be represented graphically on devices]! (The idea behind blockchains is to make sure that all of the servers -- where ledgers are stored -- are on the same page; anyone who tries to throw their own fantastical ledgers onto the chain are rejected, save a new currency or 51% attack.)
Well, the information is in the opensource code. (David Icke fan!)
Crypto is more sound than the dollar. (Will it suddenly become a "real choice" if -- when? -- governments begin banning it?)
The Northbreather
Member
- Joined
- Feb 23, 2012
- Messages
- 2,925
Either way, crypto is forcing people to examine the right ideas:
Why are we using money that steals from the user?
What is money?
Is money creation by governments/central banks counterfeiting?
Are governments so corrupt they would ban competing monies and why would they do so?
Do I own my income?
Do I own myself?
It’s forcing an emperor wears no cloths scenario imho.
Why are we using money that steals from the user?
What is money?
Is money creation by governments/central banks counterfeiting?
Are governments so corrupt they would ban competing monies and why would they do so?
Do I own my income?
Do I own myself?
It’s forcing an emperor wears no cloths scenario imho.
Last edited:
Working Poor
Member
- Joined
- Feb 15, 2008
- Messages
- 10,985
devil21 said:
Yea but will I be happy too?
that's when you know it actually is being controlled by the bankers. So much for all the hype about it being a decentralized system outside of the mainstream banking control structure. Now you same folks applaud that the same control structure is getting directly involved in it because it may mean more dollars to you
Bitcoin is indeed more in control by the private banks, hedge funds, large money than ever before. Sure early adopters have enjoyed the ride, and I believe the ride will continue, but the big money folks are the ones really going to profit.
The Northbreather
Member
- Joined
- Feb 23, 2012
- Messages
- 2,925
If the big money folks suddenly adopt gold along with early adopters I wouldn’t have a problem so why is it a problem with crypto?
As long as is can’t be counterfeited by banks and governments I call that a win..
Mordan
Member
- Joined
- Jan 21, 2008
- Messages
- 2,340
Its already happening and Saylor destroyed gold on all his interviews.
He says Bitcoin is 10 times better.
Similar threads
