Thread 520897906

All problems in the world come from Central Banks.

>monetary printing
>inflation
>billionaire asset bubbles
>war economies
>debt and interest

Yet you'll never hear normies or the news discuss the Federal Reserve or the Bank of England.

Do Normies even deserve to live?

fuck off, spammer

>>520897906 (OP)
Turns out survelliance also reañized whites were bad at primal accumulation, small city houses and an obssesion with minimalism making them dirt poor on practice

What is the realistic alternative to central banking? All things become centralized over time

>>520897906 (OP)
Monero is objectively better

Bitcoin was nice when it was cheap. Now it's owned by big banks and Jeets. Also Jeets and Chinks use it to scam people so fuck them.

>>520898123
Based knower

>>520897906 (OP)
>he thinks bitcoin doesn't have a central bank
where do you think those tokens come from, op?

>>520898060
I just told you, retard. It's called Bitcoin.

>>520898123
Incorrect.

>>520898214
Retard thinks in terms of 1000x.

>>520898231
From the minting algorithm that occurs when complex computational puzzles are solved with computing resources, in accordance with block difficulty, fucking retard.

>>520897906 (OP)
>run on and dependant on infrastructure owned by the cartel it's supposedly uprooting
>run on and dependant on backdoored hardware, owned and produced by the cartel it's supposedly uprooting
>developed and funded by corporations owned by the cartel it's supposedly uprooting
>promoted by sophists who are paid by the cartel it's supposedly uprooting
>valued in FIAT that's printed by the cartel it's supposedly uprooting
>serving as sink for the inflation caused by the printing of the cartel it's supposedly uprooting
>most of its supply already legally owned by the cartel it's supposedly uprooting
>(...)
FIAT 1.5, on-boarding to FIAT 2.0 and the normalization of complete digital control.

>>520900423
Fiat will be valued in Bitcoin soon.

Also, it can operate via Radio and Satellite. Try again retard, it's already being broadcast on Starlink.

This is how low iq people like you are, especially dumb Germans.

>>520897906 (OP)
Not pumping your bags, bitcuck. Monero is hwhite man's choice.

>>520900767
Yes, you are pumping my bags of a Trillion dollar asset.

Average frenchcuck IQ.

>>520897906 (OP)
those are all the problems in the world? there wouldn't be debt or interest without central banks?

>>520900931
Correct. Your debt would simply be 1:1 the value of what you borrowed because there would be no printing of extra money.

You borrow 1 Bitcoin, you pay back 1 Bitcoin, because everything is valued in Bitcoin and no more Bitcoin can be printed.

>>520900996
deeply retarded post

>>520897906 (OP)
"Normie" must be some bloke who has a job or runs a business that needs to pay for utilities, taxes, licenses, insurance, and other adult type commerce. For that sort of thing you need to use whatever fiat currency the local government makes you pay them to do business and own property.
On the bright side, if you're holding a bunch of bitcoin I'm sure you can still buy a bunch of drugs and CP off the darkweb with it.

>>520897906 (OP)
Get this. Central banks created the world normies were born into. Why would they adopt Bitcoin? It's counter intuitive to the bane of their existence.

>>520901040
You see, interest is charged because of time lost from money lending where that money could be put to use elsewhere, and also due to the monetary inflation (money losing value).

These factors require interest.

However, if there is no inflation of the supply, you could simply charge a small fee for money borrowing, or an access fee of some sort to borrow, or back it with collateral (another asset of yours), instead of paying back interest, because all money is simply hard Bitcoin.

I wouldn't expect a low iq nigger like you to understand the concept of collateral :)

>>520901046
>On the bright side, if you're holding a bunch of bitcoin I'm sure you can still buy a bunch of drugs and CP off the darkweb with it.

Nice cope :) I bought a car with Bitcoin and I use it for all my groceries :)

I also book all my flights with Bitcoin :)

Keep coping though norm norm

>>520901153
interest is also compensation for risk. without interest, there wouldn't be lending. I don't know how you managed to leave this out of your analysis, but it's actually fuckin comical that you'd call anyone else low IQ after such a glaring omission.

>>520897906 (OP)
I like paper nothing over digital nothing.

>>520897906 (OP)
>p-p-pls just hold the bag in my greater fool pyramid scheme :'(
nO

>>520901228
>without interest, there wouldn't be lending

Actually, that is quite clearly false, because you could lend money to a friend or family member :)

You can also lend money for a potential upside (lending money for a business venture with conditions on a percentage of profits, revenue or otherwise, with the condition of being paid back the initial lent amount).

It's comical how low iq you are :)

>>520901289
>I don't know what a pyramid scheme is !

:)

>>520901299
lmao. you just described either equity (ie not lending) or interest, thus btfoing yourself

>>520901413
Retard thinks lending money to a business for equity on the condition of being paid back is not lending.

Hmmmmm.


Retard doesn't realise you can lend money, for a percentage of revenue or profit (which is not equity btw, doesn't have to be equity) with the condition of being paid back also.


Hmmmmmm.

You're speaking to a guy who sold multiple companies btw :)

>>520898060
Bitcoin. It's de centralized currency. There's no power in the world to force you to pay taxes with it. No inflation from raising or lowering interest rates. No wars funded by it. You don't get what OP is saying. Normies don't understand they are enslaved to a private central banking cabal that controls everything. A monopoly on money means they control the world. Governments, militaries, schools, corporations, everything.

Bitcoin is a digital decentralized bank. It's controlled by no one. No group. No person. It's decentralized technology secured by the blockchain. Which is like an unbreakable password or think of it as a lock that no robber can break. So your money is always secure. You don't need to worry about it ever disappearing. The internet and electricity are never going away. It's part of who we are as a species now. Boomers say what if the power goes out? It's not the pre digital age anymore. They still refuse to acknowledge this is the internet and digital age which is never going away. Humanity can only go forward not backwards. That's why Bitcoin is the future monetary system.

>>520901499
right if there are set repayments that don't entitle you to all future earnings, then it's interest (which I already said and you managed to completely and conspicuously avoid here).

Pretty impressive to sell multiple companies before you turn 18, congrats on that.

>>520901656
>right if there are set repayments that don't entitle you to all future earnings, then it's interest (which I already said and you managed to completely and conspicuously avoid here).

*Ahem*

Allow me to explain this very simply, retard.

It is not *interest* because it requires the company being lent to, to make a profit or revenue :)

Hope that helps!

>>520901722
>set terms in which you repay the loan plus a certain amount above the principal isn't interest
lel keep going, you're making yourself look dumber every time you post

>>520901221
Wow, you must be rich. How much land do you own and can you pay your homeowners insurance and property tax with bitcoin?

>>520901824
Correct, it is not interest, retard, because interest is time-based, and does not care about the conditions of the business, whereas a cut of revenue or profits accumulates greater risk and more skin-in-the-game, with more astute investments, because you earn money based on performance :)

Thanks for tuning in!

>>520899113
A speculative stock market asset? I don't see anyone using it as a currency

>>520901848
Actually you can! I bought multiple properties with bitcoin and even one with stable coins in Dubai :)

>>520901880
you're plainly incorrect.

>>520901896
Use it every day

>>520901928
you seem to be failing multiple basic reading comprehension tests here

>>520901928
>I bought multiple properties with bitcoin
Of course you did, and you pay property and income taxes with bitcoin too, right?

16 years later and it still hasn't delivered on any of what was promised
actually it's a complete failure as a form of currency

>>520902000
I win :)

>>520902032
I don't own properties in the USA where such things exist :)

>>520902038
That's why it's worth Trillions of dollars right :)? Fastest asset growth in the history of mankind, right :)?

What's it like being mathematically and objectively incorrect and low iq?

>>520902045
you're trying too hard. you're anonymous and can just exit the thread if you want. This schtick isn't going to get you internet points because everyone ITT can see the multitude of errors you've posted already.

>>520902104
I won :)

>>520902008
You use it for groceries? You give em 0.000001 of bitcoin whenever you want a pack of gum?

>>520902117
lel more like "I won...'t use words correctly"

>>520902123
Yeah, depends on which country you're in

Some countries you can spend Bitcoin directly, other ones, you buy gift cards with Bitcoin for the grocery store, but soon they will all accept it directly

>>520902208
Well we wait then I guess, most people into bitcoin use it as a vehicle for greater wealth in conventional currencies, you have to be able to see that at least

>>520901552
This isn't really true anymore.
Bitcoin is quickly being adopted by world governments, who are all setting up reserves for it. Wars can and will be funded by it.

Also, Bitcoin can (and already is) be taxed in practice. They simply tax it as "property" rather than "currency", which primarily occurs on capital gains from sales, trades, uses, etc - and governments can extend this to their adopted reserves.

It's not as easily manipulated as fiat which can be printed endlessly, but it's not above manipulation or government intervention.

>>520902099
fine investment
useless as a currency
the rug pull is inevitable though and you'll never know who did it

>>520902662
>the rug pull

Kindly explain the mechanics of a rug pull on Bitcoin :)

>>520902567
not to mention, if there are any other cryptos used along side bitcoin, then the whole fixed supply no bubbles bit is completely dismantled.

>>520897906 (OP)
Your hate isnt strong enough.

>>520902567
>who are all setting up reserves for it

Reserve legitimise Bitcoin because it will be used as the future digital gold standard :)

No one said it can't be "manipulated"

The point is that all "manipulation" is on the open decentralised ledger, auditable by anyone, unlike fiat printing :)

Normies:

>a handful of people you didn't elect can just type a number into a computer to create new money. in fact, I think I should trade my labour for this and just let these people do what they want.

Autist:
>this is a bad system, I wonder if we could have decentralised network where people must use a combination of compute (and thus electricity) to actually add new money, and that this could be a censorship resistant digital form of cash. Better yet, lets limit the supply so things like hyper inflation are impossible.

Normies:

>DATS A SCAM!

>>520902567
Bitcoin was supposed to birth its own economy as the old one died. That's my point. Of course by accepting Bitcoin as payment the current system is trying to incorporate it into the economy rather than allowing it to supplant the current status quo. Before banks adopted bitcoin they really feared it. Because they were hesitant to buy into it. They tried to destroy it. They cracked down on the silk road website for example. They even assassinated bitcoin billionaires. They also shilled against it and tried to gaslite people against it.

But today they don't care about it. You are right. It's just another commodity to them today. It even went down in price from 115k to 100k. So because the bankers refused to allow Bitcoin to grow organically it's going to take longer for people to understand Bitcoin is superior to the fiat debt based monetary system.

>>520902830
You type like a woman.

>>520902976
I'm richer than you and I don't work for a Jew.

So who wins now?

>>520903071
>smiley faces
>feddit spacing
>didn't deny womanhood
I don't debate with girls who just got into crypto and think they're now le businesswomen.

>>520903071
Sorry that was rude of me, can I have your number?

>>520897906 (OP)
Bitcoin lacks functionality. Small payments aren't worth the transaction fee and you can't use money in Bitcoin without turning it into real money without going through a central bank anyway.

There are niche applications like bypassing sanctions or buying illegal shit.

>>520903172
>>520903231
>>520903243

Look at the astronomical levels of cope. It's like speaking to a normie IRL.

Bunch of Redditors influxes from the 2016 election cycle huh? :)

>>520902830
Nobody can manipulate Bitcoin. It has a fixed supply that is encoded into the technology. It's unbreakable. Its impossible to just print more of it like the bankers do to fiat. All they can do is buy it. Speculate on it. Try and get people to pay their taxes with it. Try and hoard enough of it. But it doesn't matter in the end. Because i think the bankers don't even own a fraction of the total amount of bitcoin and never will. But also i think they do plan to slowly acquire all of it so they believe if they control the monopoly on bitcoin they can destroy it by holding most of it.

>>520903295
You going to refute what I said?

>>520897906 (OP)
It's fake nigger
Original bitcoin could be mined with just a few computers
Now you need special licensing tech and a ton of other shit?
That's called fake homey

>>520903231
>>520903295
So... no? Or is this playful flirting.
Sorry I'm autistic.

>>520903243
Because it's not adopted universally yet. There's a bitcoin ATM around my parts. Yes a fee but at least you can trade your bitcoin for cash on the spot.

>>520903390
Troll post

>>520903354
I don't need to, you're uneducated.

1. Transaction fees are quite cheap right now
2. You can now launch assets on top of Bitcoin. SO you can have a nation state currency backed by bitcoin like gold was, and it will transact much cheaper on a Layer 2.
3. Who needs to transact constantly all the time, cope?

>>520903243
>Bitcoin lacks functionality. Small payments aren't worth the transaction fee
The purpose of the base layer is being able to send money in a censorship resistant way, and also the fee is the same whether you want to transfer a tiny fraction of bitcoin or hundreds of them. That's the reason you might eat a fee that's several dollars. Consider also how long it would take if you wanted to transfer a few million between bank accounts across the world. It will take days, it might not even be approved. Even if it's transferred maybe it gets frozen. In that sense it's very cheap.

>but I want to buy a coffee! And I want to pay next to no fee!
Okay, not exactly something an authoritarian government wants to really waste resources on preventing, but that's what layer two solutions like lightning are for. It's basically free to do (last I checked it was in pennys and can go down to fraction of a penny). These are also the solutions that merchants should be using since at this level you can build in an "undo" if you want, i.e. refunds. The reason we don't add that kind of stuff to the base layer should be self explanatory, if we allow undoing transactions you can't actually really call it censorship resistant, and for the layers above it will be like building on sand (where you now have to cater for the fact that your refund might not go through because the layer below didn't and so on).

>>520903390
No. As the amount decreases it takes more and more energy to solve the math equations to produce more of it. Which thus increases the value in part. That's why the price keeps going up until it will stabilize. Eventually it will be impossible to mine bitcoin as no new coins will ever be produced.

>>520903439
That's the point, it won't be adopted universally because it lacks functionality. Not the other way around.

Those bitcoin ATMs now require IDs where I'm from. So not only will you pay a fee on transfers, but they will tax you for any "profits" you have in memecoin. Not payable in memecoin.

>>520900617
Perhaps Reddit is for (You)

>>520898060
There’s nothing central banks do which is actually important that treasuries can’t do

>>520903696
He thinks it matters when everyone exits out of Fiat and there are civil wars happening across the globe lmfao

It's going to take around 100 years

>>520897906 (OP)
>people get comfortable with bitcoin
>it replaces the other currencies
>governments make their own programmable digital money tied to a digital goy ID
>governments ban bitcoin
Just as keikaku'd. Don't think you can outjew the Jews.

>>520897906 (OP)
A shit load of taxes destroyed any chances of crypto being a thing in the US during it's height. Other countries have kind of just taken over due to loose regulations. The US has basically taken regulation of crypto international because it supposedly happens on American servers.

>>520903820
>>governments ban bitcoin

Kindly explain how you ban Bitcoin :)

>>520903696
It will be adopted eventually. Probably not in yours and my lifetime. The reason why you are being taxed capital gains is because you are gaining profit inside the fiat currency system so you should be taxed for that. I am just saying if you want to buy a cup of coffee at a jewish gas station using the crypto you paid for using cash, mining or otherwise you should not complain about paying a fee.

If you care about that just keep the crypto and wait until it is its own currency in itself. But then you wouldn't have that cup of coffee. Its up to you to decide what is more valuable. Remember the story of the 1000 bitcoin pizza? 100 years from now the kids will be asking why great grandpa spent his dogecoins on a cup of coffee instead of the futuristic space colony which it could afford now.

>>520903880
Make mining it illegal, make paying with it illegal. That would be enough since most people aren't going to risk it and you would be back to square one where you use it for illegal shit only.

>>520902069
So there are no taxes associated with owning property in the UK?
I know people don't just come to 4chan and make shit up, but I'm struggling to believe you.

>>520901656
This nigga actually trying to say that it doesn't count as interest if it's more complicated than a simple time-based rate? Dude sold multiple businesses but has a babby understanding of corporate finance?

>>520904052
>Make mining it illegal, make paying with it illegal.

Kindly explain how you would do this :)

>>520904078
I don't own property in the UK

>>520904129
>This nigga actually trying to say that it doesn't count as interest if it's more complicated than a simple time-based rate?

Correct because a business can go 10 years making 0 profit and therefore no repayments, and the initial loan could already be paid back :)

Fucking retard

>>520903582
>1. Transaction fees are quite cheap right now

You don't want to explain the "now" part, I wonder why. The fees are dependant on availability, so if there's a dip in calculating power, or the exponential growth stops, fees will rise again. The record was 60 bucks, wasn't it? I wouldn't call buying 20 bucks worth of groceries and paying 60 bucks on top of them "functional."

>2. You can now launch assets on top of Bitcoin. SO you can have a nation state currency backed by bitcoin like gold was, and it will transact much cheaper on a Layer 2.

Coulda woulda shoulda.

>3. Who needs to transact constantly all the time, cope?

People with actual lives and not basement dwelling fuck-ups that think they made it big by investing in crypto. You do realize if mommy wasn't buying you tendies, you'd have to be the one getting them, right?

>>520904136
Make the law that states doing it is illegal. After that none of the legitimate businesses would accept your memecoins.

>>520897906 (OP)
Bitcoin is at the mercy of the sun

>>520904226
>Coulda woulda shoulda.

Not an argument, I win.

>People with actual lives and not basement dwelling fuck-ups that think they made it big by investing in crypto. You do realize if mommy wasn't buying you tendies, you'd have to be the one getting them, right?

Yeah millions of micro payments are made on Strike through the lightning network every day, keep coping :)

>>520904231
So how did that work out in China :)?

>>520904052
Most of the world's bitcoin is mined in America. Governments already made it illegal to mine in countries such as China. They crack down on illegal mining farms all the time. Centralized governments hate crypto. Because mining steals electricity and the crypto itself can be sent abroad thus laundering money out of the country and out of the local economy.

>>520904259
Correct, and so is the Earth and all living things, which means Bitcoin is the most natural currency on the planet, your point?

>>520904211
You can default on regular loans too, lil buddy. The lending you're suggesting is still based on the assumption that the lender receives more back than the original loan. That extra amount is interest.

>>520903657
Yes, it has niche applications. But it lacks the day-to-day functionality that would make people adopt it, that was the whole point.

>>520904403
False because the loan could be paid back without any additional payments.

You are low IQ :)

Here's a simple example, buddy.

1. I borrow $50k from Person A to start a business
2. I must pay back the $50k and 10% on any profits the business earns whilst I still owe the $50k
3. The business makes no profit but is earning revenue
4. After 1 year, I get an Angel investor to buy equity for $100k based on my revenue figures (still no profit)
5. I pay back the $50k

No additional payments :)

Also, let's do scenario 2:

1. I borrow $50k from Person A to start a business
2. I must pay back the $50k and 10% on any profits the business earns whilst I still owe the $50k
3. The business makes no profit the first 3 years
4. In year 4, I make a profit of $10k
5. I pay the investor $1k
6. I get an Angel investor to buy equity for $100k based on my revenue figures
7. I pay back the $50k

I paid him $51k in this scenario ($1k profit) but for the first 3 years, I did not accumulate "interest" because I had no profit.
In summary, you are a fucking retard and don't know what "interest" means, like the other poster.

Stay poor.

>>520901896
>A speculative stock market asset? I don't see anyone using it as a currency
You Keynesians are dumber than dog shit. Bitcoin is now the rails for low cost instant cross border payments in native currencies.
https://x.com/lightspark/status/1986219289477849488

Do you ever get tired of being wrong about everything?

Lol they restore it now

>>520904259
This level of cope refusing to adopt bitcoin is astronomical.

You Boomers are insane. The sun malfunctions so does the entire planet.
>But we can still trade shiny stones when the sun goes out

No you can't. Without the sun life on earth is extinguished.

>>520904029
You are suggesting to treat it like an investment, which is what most people do and whence it derives value from. But to actually make it stay, it needs to be adopted widely.

>>520897906 (OP)
>Do Normies even deserve to live?
Unironically, no. That’s why they’re all vaxxed.

>>520904348
all it takes is a glitch. the sun won't zap physical tender

>>520904617
There are projects happening all over the place, but the zoomer dream is to get rich off bitcoin and not ON it

>>520904728
>But to actually make it stay, it needs to be adopted widely.
It’s already adopted widely and growing rapidly. It’s even being used in applications beyond its original intent as a settlement layer.

>>520904796
You can track the blockchain using paper, radio, satellites, etc.

Also, all current fiat money operates electrically

How are you going to trade gold when an asteroid is mined with more gold that exists on earth :)?

>>520904728
You can decide what you want to do with it. I can only speculate just as you are. My point was if you trade it for cash now expect to pay fees or taxes on it. No crypto far as i know is adopted as a currency yet. A crypto currency would have no fees and taxes because it would be decentralized.

>>520904855
Bitcoin has to be time locked for the lightning network to work, which is how SoFi makes their new product work. The more bitcoin that gets time locked, the less bitcoin there is to sell which will cause the price to rise. Supply and demand 101.

>>520904468
Normies aren't going to care. Same reason they don't care about the current system, even though it has counterfeiting and usury built into it. Most don't even think about it.

Nothing happens like this where it's "bottom up". If western governments get more oppressive with their own citizens then that will force normies to deal with the problem. Look at "mass migration" - 10 years ago normie women would call you racist for saying it's a bad idea, now they say "I don't feel safe" because stories get around of people being stabbed or raped and it's starting to affect them personally, now they suddenly give a shit.

We already have some beginnings (like a few years ago Canadian truckers just had their bank account frozen). The UK is trying to strict their internet and bring in "digital ID". I can see things getting even more fucked where some government bureaucrat has decided that actually you've used your red meat or alcohol quota for the month, transaction blocked, and that forces people to seek out alternatives.

>>520904983
I don't dispute this, I just can't help but see this as a tool that you make your life revolve around but most people are using it as a means and not as an end. Even the government at some point will take measures on this, if not already being the case

>>520905032
Yes the internet is being cracked down on. All the governments would need to do is nationalize ISPs then you are fucked. They could do it in the name of fighting terrorism and then crypto would die.

I think this is why precious metals are surging lately. People are just just looking for their own "pot of gold" under the rainbow.

>I couldn't help myself lol

>>520905088
A government dumb enough to ban themselves from bitcoin will only weaken themselves in the long run. China has done this and is pivoting to gold to challenge the dollar. Bitcoin beats gold so all the US has to do is announce the acquisition of Saylor’s Strategy and China’s gold becomes demonetized. We live in a world where nations cooperate AND compete with each other.

>>520904861
I saw the opposite. Companies abandoned it and governments placed restrictions on it.

>>520904941
Of course, if it were adopted. But it is inherently not suitable for day-to-day operation, which is why it won't be. Your beer can cost 2 bucks when you sit down and 10 when you get up. You have to spend 10 minutes waiting for the transaction to complete and you might end up paying 60 bucks on the transaction fee.

>>520904796
EMP effect from a solar flare would destroy the entire planet. Millions if not billions would starve as the power grids went offline. if nature whacked humanity this way only those totally sustainable off grid would survive. It wouldn't even be about money at this point.

>>520905364
I don't think they'll ban it, but they'll turn it into something much more malleable and pallatable for consumer sensibilities, do you believe there's a scenario in which the Fed just gives up and lets the people run free?

You know what this need?

A monkey wearing a top hat

>>520905491
NFT time?

>>520897906 (OP)
>"Hmmm I think today I will take my first step into investing bitcoin"
>"Excellent sir, for 10 coins that will be... $100,000 USD"
>"wHy DoEs NoBoDy TaKe BuTtCoIn SeRiOuSlY???"

>>520905545
Yes

All of them?

>>520905422
I don’t care what you’ve seen in the past. The fact is that SoFi is now using the bitcoin lightning network as a way to offer instant low cost cross border transfers of native currencies. That’s a revolutionary and disruptive real world use case that would have been impossible without Bitcoin.
https://x.com/lightspark/status/1986219289477849488

>>520905559
retard never heard of decimal places

>>520900423
All of this
Plus, as an asset for the cartel to leverage even more FIAT money printing

>>520905032
The way to freedom is low-tech, not more digital currency. So what if the government can't regulate it, when they can still track you and sanction you. In this digital environment, they can just blacklist you and nobody will deal with you in any currency.

>>520905559
In my mind Bitcoin is still 10 dollars each and i will become a multi millionaire by spending my lunch money on it.

>>520905449
The Fed has to let people run free or it loses credibility on the world stage. If they lose credibility then there’s a global run on the dollar. That’s why they never banned the private ownership of gold.

>>520897906 (OP)
Bitcoin is effectively useless other than a store of large volumes of money by elites

Every other smaller, more usable coin doesn't have the adoption by the Bitcoin wealth storers who already got in, which could be effectively implemented to make reasonable small transactions

Plus, no one wants to utilise a currency that is massively instable to buy and sell their food. You don't want your last 10000 Fart coins going down 10% in the middle of trying to buy your groceries, only for it to now be too little to actually pay. It's a pain in the ass

>>520904610
You have no special secret knowledge or understanding of anything, kid

>>520905687
Didn't the Roosevelent administration do just that for thirty years?

>>520905712
Yes, you're right. It is massively unstable. It keeps going up!

>>520897906 (OP)
Nobody cares about your fake computer money. Bitcoin isn't a currency. You can't transact with it. And don't tell me about 1 cafe in Bratislava that takes bitcoin as payment. You know what I mean. You can't buy a house with bitcoin. You can't get paid in bitcoin. You can't buy a car with bitcoin. You can't pay for food with bitcoin. You can't pay your taxes with bitcoin.

Even if you could, nobody would want to because the price of bitcoin fluctuates wildly from day to day based on 0 fundamentals. The value of a dollar fluctuates too, but very slowly, thanks to the central bank. If the dollar loses 4% of it's value in a year, the Federal Reserve is on it. If bitcoin loses 60% of it's value overnight, it's just shrugged off. That's not a serious currency.

>>520905584
And how many cross-border transactions do you do per day?

>>520905907
>You can't buy a house with bitcoin. You can't get paid in bitcoin. You can't buy a car with bitcoin. You can't pay for food with bitcoin. You can't pay your taxes with bitcoin.

Done all of these with Bitcoin.

Cope more :)

>>520905814
FDR made it voluntary and most people told them to fuck off. It would have been a huge problem for the dollar if they kept that policy in place indefinitely.

>>520905961
>The limitation on gold ownership in the United States was repealed after President Gerald Ford signed the International Development Association Appropriations Act of 1975, a rider to which legalized private ownership of gold coins, bars, and certificates, and that went into effect December 31, 1974.[6][7]
It sounds like they really did put the hand into the cookie jar, and removed it at will!

OP must not see the writing on the wall. The debt crisis and bitcoin boon weren't magically a coincidence. Every world dominant fiat currency lasts about 120 years and the USD is reaching its inflation point of no return moment too.
BRICS wants gold; banks are buying gold; countries are calling for their physical gold back. For McFats who are useless debt slaves, reanchoring back to gold would fuck up everthing so hard and fast it'd be no different than fiat collapse. So the mental gymnastics is to create an intangible thing to tether to the empty failing promise that is USD. The gov is going to centralize (it already is but make it official really) bitcoin in order to weld USD together and "stabilize" the debt. Theres a reason its not backed by anything, traceable (doesnt matter if hot or cold wallets), but gained stupidly high momentum in empty promises. Once everyone and thing can be on a ledger the debt will be given the wonky write off here and there, controlled/deny payments, passed around to the appropriate pay pigs (you). That last bit is the most important part: the slave class has to bear the burden.

>>520905712
>elites
So I'm elite now? Cool.

>>520906049
Inflation was completely out of control during the 70’s, remember?

>>520897906 (OP)
No one deserves to live.

But i think the whole idea was give them the opportunity to be rich after voltaires warning comes true for the 10 000 time. Or just wait for them to realize their paper is worth more woven into a bag or dragon than as a currency

>>520906128
Frankly there was such a thing as the Oil Crisis

>>520905712
Monero is completely usable but banned from everything.

>every shop is just weeks away from adopting btc for all transactions
People have been saying this since 2016 lol

>>520906193
Oil is cheaper than ever now and inflation is running out of control again. You would have never had to worry about money again if you bought bitcoin when we said to buy it. You keep defending that pedophile faggot Keynes. I’m sure that’s the ticket to a better life.

>>520906403
If you think the government which has historically done all sorts of measures to sustain and propagate itself, is gonna let go and have you become a god, I think you're gonna find out that the house always wins

>>520906588
The US government isn’t God, retard. They compete on the world stage like everyone else.

>>520906654
The US government is the most lenient God in comparison to fucking China and Russia, where there isn't even the pretense of freedom. How long will the current charity streak continue before someone says we have to get competitive again?

>>520897906 (OP)
>All problems come from Central Banks
I didn't know the Central Banks printed Indians

>>520897906 (OP)
16 years later and coinfags still can’t tell me what it’s good for apart from hoarding.

>>520906760
Yes, retard.

The central bank prints more money.

It goes to tech corporations and regular banks.

Banks and tech companies are the biggest employers of workers on foreign visas.

The tech companies accumulate debt to finance these new employees.

Are you a retard?

>>520897906 (OP)
Kek at thinking bitcoin isn’t centralised

>>520906743
China encourages their citizens to buy gold and is opening gold vaults around the world to encourage foreign holdings of Yuan by offering an easy exit to gold. You don’t have the slightest clue what you’re talking about.

>>520906954
If you really believed China is this great and wonderful libertarian utopia you'd go live there, BUT WE BOTH know better

>>520900423
THIS
>>520900617
KEK!
No faggot, they are going to roll it all over into a corpo-Stablecoin.
Etherium will be outlawed as the "Currency of Criminals", and you will be forced to roll it over into a corpo-coin by X date or LOSE it all.
The smart money would be to buy into AN EXCHANGE, since when they PTB activate the cashless society they have been salivating over for decades, it's a far better thing to invest in something EVERYONE now has to use.

Think of Crypto and stablecoins as Boomtowns all situated around a big lake. each Boomtown has a wall around it, but also a port to the lake. Would you make more $$ investing in one or two out of thousands of tracable boomtown company coins? or more by investing in the FERRYMAN?

>>520897906 (OP)
why would i get a fake digital "coin" when i can just buy gold?

>>520904610
Buddy you're creating stipulations that necessarily wouldn't be typical of the loans you're describing, otherwise they wouldn't exist. And again, you can default on simple loans as well. You're just describing a more complicated arrangement but the excess conditional repayments would be interest. You can call it something else if you want, but the IRS, FASB, IASB would disagree with you. It's also completely ignorant of how lenders would underwrite. You gonna keep going?

>>520903880
You're going to be killed and eaten really early on when things go

>>520897906 (OP)
Banker kikes psyopped people into making crypto into whatever shitshow it is today

>>520904610
this is the average bittard. this is also the demographic of absolute retards who have been printing money in the stock market the past couple months ("quantum computing", literal TRASH momentum stocks, MSTR, microcap scams). it sounds like a meme right now but this is going to be way worse than 2008.

>>520907479
pic context: member the last time wall street was wrapping esoteric derivitaves up in marketable securities and selling them to main street?

>>520907175
we still have the dream
buttcorn does not work

>>520907479
Keep hoping and praying that other people lose so you can win. The loser strategy of all strategies.