Physical delivery bitcoin futures coming end of January from the NYSE

[Stratovarious]

It's an inevitability. Unless the world ends soon, I would say it is impossible that some day crypto doesn't begin taking over fiat currencies. It is far superior.. can't be manipulated, etc.. all it takes is one big success and the dominoes begin to fall.

You couldn't stop it if you tried, neither can the elites. Neither could I.

Danno , you do realize crypto is just as fiat as our dollar.....

 

[dannno]

Danno , you do realize crypto is just as fiat as our dollar.....

Wrong.

Fiat is money by decree. The government declares fiat as money, so people have to use it. Nobody is forcing anybody to use bitcoin, nor do most people who use bitcoin want it to be that way.

If we didn't have fiat, then people would have to use things of value. Gold and silver come to mind. But crypto actually has some advantages over gold and silver for certain types of transactions - however gold and silver have advantages over crypto as they are physical don't rely on a digital network. Both highly valuable and advantageous.

 

[Stratovarious]

Wrong.

Fiat is money by decree. The government declares fiat as money, so people have to use it. Nobody is forcing anybody to use bitcoin, nor do most people who use bitcoin want it to be that way.

If we didn't have fiat, then people would have to use things of value. Gold and silver come to mind. But crypto actually has some advantages over gold and silver for certain types of transactions - however gold and silver have advantages over crypto as they are physical don't rely on a digital network. Both highly valuable and advantageous.

ok.
...but wait a minute, Fiat Currency is currency that is not directly and
substantially backed by physical or tangible assets, our currency used to be
more or less a receipt for the Precious metal held in vaults.
And no the topic of fiat currency is not about forcing this that or the other on anyone, forcing
is not the subject , fiat is what it is 'fiat' .
Crypto is also hackable' as all things are, very likely bitcoin is already back doored'
by NSA CIA , or even possibly covert op period, Catherine Fitts views that as
a big possibility, I don't personally doubt it for a minute.
This country needs to return to an asset based currency, bitcoin and all cryptos are
extremely dangerous to a free society.
I'm tickled and pleased that people are making money with bitcoin and hope it
continues for some time, but it is a step backward for any free society, if our
government doesn't already have a hidden grip on it, it will.

 

[dannno]

ok.
...but wait a minute, Fiat Currency is currency that is not directly and
substantially backed by physical or tangible assets, our currency used to be
more or less a receipt for the Precious metal held in vaults.
And no the topic of fiat currency is not about forcing this that or the other on anyone, forcing
is not the subject , fiat is what it is 'fiat' .
Crypto is also hackable' as all things are, very likely bitcoin is already back doored'
by NSA CIA , or even possibly covert op period, Catherine Fitts views that as
a big possibility, I don't personally doubt it for a minute.
This country needs to return to an asset based currency, bitcoin and all cryptos are
extremely dangerous to a free society.
I'm tickled and pleased that people are making money with bitcoin and hope it
continues for some time, but it is a step backward for any free society, if our
government doesn't already have a hidden grip on it, it will.

Words are really important -

"Fiat currency is legal tender whose value is backed by the government that issued it."

Crypto is not backed by government.

It has great value unto itself. If you don't understand why, then I recommend learning how to use crypto. You can literally buy 50 cents worth of crypto and learn to transfer it around, send it to people, receive it from people, hold it in a wallet on your hardware, etc..

If you get enough crypto then at some point it is worth buying a secure crypto wallet like the ledger nano S or a trezor.

Then if you really want to test it out, go around a dangerous city carrying a silver coin, $100, a credit card and your secure crypto wallet (or you can do it merely as a thought experiment). You can pretend you were robbed.

Guess what? You still have your crypto, but the silver and the $100 is gone. The credit card was used to buy some stuff, which may be insured, but it will be a pain to get it back. They may or may not have taken your crypto wallet, but you still have your crypto.. you can get a new crypto wallet and restore your cyrpto to that wallet. The robber cannot steal your crypto from a secured wallet..

Now try making a payment in gold to a business in China... Now try making a payment in crypto to a business in China..

Soon you will start to see the inherent value in crypto.

 

[pcosmar]

Danno , you do realize crypto is just as fiat as our dollar.....

Yup.. and based on nothing but binary computer code.. errors of flipped 0s and 1s.

 

[pcosmar]

Soon you will start to see the inherent value in crypto. [/COLOR][/FONT]

Is that like "believe in the plan"?

 

[Stratovarious]

Words are really important -

"Fiat currency is legal tender whose value is backed by the government that issued it."

Crypto is not backed by government.

It has great value unto itself. If you don't understand why, then I recommend learning how to use crypto. You can literally buy 50 cents worth of crypto and learn to transfer it around, send it to people, receive it from people, hold it in a wallet on your hardware, etc..

If you get enough crypto then at some point it is worth buying a secure crypto wallet like the ledger nano S or a trezor.

Then if you really want to test it out, go around a dangerous city carrying a silver coin, $100, a credit card and your secure crypto wallet (or you can do it merely as a thought experiment). You can pretend you were robbed.

Guess what? You still have your crypto, but the silver and the $100 is gone. The credit card was used to buy some stuff, which may be insured, but it will be a pain to get it back. They may or may not have taken your crypto wallet, but you still have your crypto.. you can get a new crypto wallet and restore your cyrpto to that wallet. The robber cannot steal your crypto from a secured wallet..

Now try making a payment in gold to a business in China... Now try making a payment in crypto to a business in China..

Soon you will start to see the inherent value in crypto.

No.
Fiat currency is currency that does not have intrinsic value, it is not backed but
physical assets, bitcoin is also fiat currency.

 

[Stratovarious]

Words are really important -

"Fiat currency is legal tender whose value is backed by the government that issued it."

Crypto is not backed by government.

It has great value unto itself. If you don't understand why, then I recommend learning how to use crypto. You can literally buy 50 cents worth of crypto and learn to transfer it around, send it to people, receive it from people, hold it in a wallet on your hardware, etc..

If you get enough crypto then at some point it is worth buying a secure crypto wallet like the ledger nano S or a trezor.

Then if you really want to test it out, go around a dangerous city carrying a silver coin, $100, a credit card and your secure crypto wallet (or you can do it merely as a thought experiment). You can pretend you were robbed.

Guess what? You still have your crypto, but the silver and the $100 is gone. The credit card was used to buy some stuff, which may be insured, but it will be a pain to get it back. They may or may not have taken your crypto wallet, but you still have your crypto.. you can get a new crypto wallet and restore your cyrpto to that wallet. The robber cannot steal your crypto from a secured wallet..

Now try making a payment in gold to a business in China... Now try making a payment in crypto to a business in China..

Soon you will start to see the inherent value in crypto.

I get your point about the favorable aspects of bitcoin and crypto though I don't see
the good anywhere near to balancing out the horribly negative features.

 

[Stratovarious]

duplicate post

 

[Stratovarious]

Yup.. and based on nothing but binary computer code.. errors of flipped 0s and 1s.

+ I believe it is extremely naïve to believe that bitcoin or any other crypto is not hackable, barter should
be a lot more heavily used , and you don't tax barter as far as I know, I imagine though, if you traded your
bell heli for a 56 Bertram , there would be an irs knock on the door at some point.

 

[dannno]

Is that like "believe in the plan"?

Not really, 'the plan' is contingent on a relatively small group of individuals outwitting the deep state and serving them up in court. Would be great if it happened.

Crypto is a giant boulder rolling down the mountain. It is unstoppable. No entity can stop it.

 

[dannno]

I get your point about the favorable aspects of bitcoin and crypto though I don't see
the good anywhere near to balancing out the horribly negative features.

What you don't seem to understand are that what you think are the "horribly negative features" are actually positive features.

It's important to diversify.

Certainly gold is good to have because you can physically hold it. But that's also a negative feature. Somebody can physically steal your gold from you. They can melt it down and shape it into something else and you will never be able to get it back.

Bitcoin, on the other hand, is much more difficult if not impossible to steal if precautions are taken.

It is also easier to transfer long distances, unlike gold and silver.

If the internet goes down forever, we would have a lot of problems.. bitcoin would be one of them. But that is why you should own bitcoin and gold and silver.. Nobody is saying you should put everything in crypto. But crypto is the future.

 

[Stratovarious]

What you don't seem to understand are that what you think are the "horribly negative features" are actually positive features.

It's important to diversify.

Certainly gold is good to have because you can physically hold it. But that's also a negative feature. Somebody can physically steal your gold from you. They can melt it down and shape it into something else and you will never be able to get it back.

Bitcoin, on the other hand, is much more difficult if not impossible to steal if precautions are taken.

It is also easier to transfer long distances, unlike gold and silver.

If the internet goes down forever, we would have a lot of problems.. bitcoin would be one of them. But that is why you should own bitcoin and gold and silver.. Nobody is saying you should put everything in crypto. But crypto is the future.

I see some good points to bitcoin and crypto to be
sure, but let me reiterate my objections;

- Anything can be hacked;
google ''bitcoin hacked", regardless, the hacks we've already seen
are just the beginning.
-Government will take control and monitor at some
point, if not already in place.
- Crypto of any kind is a nod and assist to 'Cashless' , a cashless
society is a doomed one, exposed to 'soft genocide' and
unprecedented tyranny.
Our ''future'' should be a return to asset based currency.

 

[Mordan]

I see some good points to bitcoin and crypto to be
sure, but let me reiterate my objections;

- Anything can be hacked;
google ''bitcoin hacked", regardless, the hacks we've already seen
are just the beginning.
-Government will take control and monitor at some
point, if not already in place.
- Crypto of any kind is a nod and assist to 'Cashless' , a cashless
society is a doomed one, exposed to 'soft genocide' and
unprecedented tyranny.
Our ''future'' should be a return to asset based currency.

Cashless? Look at the ongooing Monero ransom kidnapping. Crypto is better than Cash for some people.

 

[Stratovarious]

Cashless? Look at the ongooing Monero ransom kidnapping. Crypto is better than Cash for some people.

http://www.ronpaulforums.com/showth...-Classic-Reportedly-Suffers-51-Percent-Attack