In many talking heads’ books, the biggest strike against crypto is that it’s not backed by any government. But from a philosophical standpoint, this is in fact crypto’s greatest strength.
What business has a government really got when it comes to your wealth? Outside of taxing it, that is, a goal which the U.S. government is currently fixing its beady eyes on.
What you buy and sell should really be none of Senator Bedfellow’s concern – he only sticks his nose into your money so he can forcibly redistribute it to himself and his constituents.
You can’t swim around in a giant bin filled with it, because crypto is immaterial. But do you know what isn’t immaterial? Things.
And conveniently enough, those are exactly what we’re selling here!
Cryptocurrency Quotes for Investors Who Don’t Need No Fed
- “Currency is like God, it exists as long as people believe in it.” – Abhijit Naskar
- “Right now Bitcoin feels like the internet before the browser.” – Wences Casares
- “Cryptocurrency is freedom, Banking is slavery.” – Arif Naseem
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THE BITSIGNAL DESIGN
“Bitcoin is not for making money. Bitcoin is for saving money. It is not an inflation hedge. It is a hyperinflation hedge. The world once ran on gold. It will soon run once again on digital gold.”
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2nd Amendment | Crypto Merch | Libertarian Clothing
i was just told by a buddy that another crypto founder or big wig has been murdered —
what is that,3-4 within the last few months —
Still lots of snake oil salemen & women out there not to mention people that want to be fleeced.
I take it you’re referring to Bob Lee, the CashApp creator: https://www.foxnews.com/us/san-francisco-police-chief-releases-statement-following-fatal-stabbing-cash-app-founder-bob-lee
The area in which he was killed, Rincon Hill, is right outside the Financial District; Google has its headquarters there, which is not at all suspicious. At all.
Time to put on the Sherlock hat:
Without knowing too much about this event (if it is indeed real), the first bizarre red flag which jumps out at me is the time: 0230. Why was a multi-millionaire walking, alone, at that hour? Surely he had some other method of conveyance.
Secondly, there is mention of a couple passing motorists who avoids Lee’s plea for help: Do you think these persons might need to be found and interviewed, perhaps even treated as a suspects? I mean, read this passage here:
So if they have video proof of not only Lee stumbling and holding his side, but drivers whose plates might can be clearly seen, one might imagine these witnesses to a murder and be sought for questioning, do you not think?
Thirdly, why is the media running in lockstep with this story, what is so important about Bob Lee that he warrants this type of saturation? That is the most suspicious part to this whole thing, to me.
I need to be brought up to speed it would appear. How in heck do you make something from nothing? If it is backed by nothing then explain to me how that nothing achieved it value. At the end of the day an empty promise that something has value is still just that, an empty promise it has value. The paper dollar is just crypto currency that has been printed on a piece of paper.
come on man,ya gotta have faith —
I do, it is in the name. I guess I am old school.
In North America wampum was money to the natives. Wampum was for one, whelp shells. Clams. Beads were good, too. Later came white men who created Federal Reserve Notes, backed by nothing by an entity that has no reserves, is not Federal, and is not a bank. Worse than nothing. The entire thing is debt. And is now failing. BTC has value in that it cannot be inflated, is useful, easily traded, has no central governance, and makes governments fearful of losing control over the populace which has been fleeced by it since forever, ultimately sending each and every gov’t money down to its intrinsic value: 0. That while the controllers of the fiat got rich and fat at your expense, AuAg.
Even if you have plenty of bitcoin you’re still going to be under .gov control.
You are correct and on the right path. Start by searching, reading, learning, and thinking. Do not jump in and buy any bitcoin for a while. I have only been involved for about 5 months. I now own a relatively small amount. I now buy more each month and I self custody all of it. Once you are ready (if ever) buy $100 in bitcoin. If you then plan to continue and buy more, purchase a hard wallet such as a
Trezor and store your bitcoin. You’ll learn. Like any investment, only buy as much as you are able to lose without financial hardship.
I have found bitcoin fascinating and now consider it an investment hobby. Best wishes and HODL!
It’s called “sorcery” and it’s definitely prohibited by Holy Scripture.
Remember when BTC caved from $20k down to $3000 and Luddites cheered and said mean things? Went to $68k. Now it’s $28k. The best investment since at least as long ago as 2017. Silver is going to go crazy right along with BTC. The new dollar will be, if anything, backed by gold and silver, while BTC will be used transnationally and worth millions each.
Silver has been the most manipulated commodity/money is history. Most of it is found these days in mines where some other metals are the chief purpose of the mine, even as uses for silver are ever expanding, e. g. solar, EVs, phones, chips, etc. This all spells a huge price increase as the manipulating parties throw in the towel owing to shortages.
Eagles & Leafs, baby. And if you can find them Pandas are even nicer.
Might fetch you and your missus a fine meal in a nice restaurant someday, if the owner refuses fiat, and is smart enough to price menu items in Ag ounces.
Bonus, if he prices filet mignon in equitable pre-65 junk.
I always go for the surf and turf.
Implying tulipcoins are not, or very little, manipulated. {/facepalm}
Bing says:
“According to a report by Buy Bitcoin Worldwide, there are an estimated 106 million people who own Bitcoin globally as of 202112. However, there is no definitive way to determine how many bitcoin users there are due to the pseudonymous nature of the Bitcoin network.”
m, I’d enjoy your explanation of how the manipulation works when there is no trading pit, no market makers, no whales buying and selling all at once, no limit on hours of trading, world wide ownership, and while most owners are HODLRS and usually only add to their positions. Manipulation by whales does occur, especially in the cash futures market, but otherwise it is a much smaller problem than with other assets. In my opinion.
A lot of very smart people watch for manipulation and call it out if they see it, so JPM and the rest can’t go undetected with their teaser bids and offers away from the running price like they do in other markets. They pay fines in the billions of dollars and yet keep on doing it in those markets, so it must be profitable! Coming to an end in silver, though, and we are about to see dollar up days leading to five dollar up days and beyond. Not a good idea to be short on those days!
Did you notice the difference between “pseudonymous” and the often purported anonymity of tulipcoins?
Well, enjoy reflecting about the following questions:
– how many miners are actively mining?
– how many of those make up the 50% majority to decide which chain continues?
– how many confiscated [and unlocked] tulipcoins do the three-letter agencies hold? (Assuming they didn’t create the whole scam in the first place.)
– how much is the “limited supply” argument worth, if everybody can create their own crypto-currency?
Or in other words, what makes BTC ‘special’ in comparison to the other offers?
Fewer miners than in the past, but why would a majority group conspire to kill off the value of something it wants to increase in value when conspiring would do just that? BTC is the original and like in so many cases there is a huge advantage for being first, most especially at this stage when is has never, not once, been hacked. I have no idea what import you place on gov’t agencies holding BTC. Do recall that BTC is on a blockchain and can’t be removed or adjusted or anything else. Lots of governments have or would like to eliminate cryptos, but whichever one did would get left in the dust by all the others.
Are you deliberately calling them majority group when it is meant the very few most powerful miners needed to form a 50%-of-all-mining group?
And the rest of your response shows you don’t want to see the flaws in your “un-manipulable” logic.
Good luck to you!
I guess we will find out, but I’ve always been lucky.