I No Longer Trust CryptoCurrencies.

in #bitcoin8 years ago (edited)

Tell me, what are your perceptions of China?

Is it an overpopulated land where everyone is poor and looks and acts the same? Do you imagine them being born into a dictator system with harsh punishments for what seems like simple expressions?

What if, in truth, China wasn't all that bad?

Think about it. China has been booming economically compared to us. Their people are generally smarter, and their society is quite advanced. They make our products better for a lower price. Their police have facial recognition glasses. They have so much excess capital that they have cities now that haven't even a population yet!


Look at how organized and connected their roads and cities are. This looks like something out of a video game.

Also, it seems that the internet isn't as necessary of a thing there, since around half of people use it there. Their internet, too, is a closed system. Google, that invasive, ubiquitous company, has been kicked out. Google, the company that tracks everyone and is in cahoots with the government and media corporations, has been kicked out of China.

So...

They've banned Bitcoin and cryptocurrencies, along with Russia making similar moves. No ICOs.

Don't say "That's horrible!" yet, but ask why?

And take it a step further, why are cryptocurrencies being integrated into the West and not the East? Why are they so easily embraced by so many people, even though:

  1. We don't know who started this movement. Who is Satoshi Nakamoto?
  2. We know that it has been pre-planned since 1998 to have a digital currency.
  3. Bitcoin came into the world just after our financial crisis of 2008 and has blown up more and more since.
  4. The explosion in price late-last year to 20k and recession back to 6k signals market manipulation by the powers that be, showing that they have the upper hand in the markets now.
  5. Bitcoin is backed by nothing but blind faith in the price.

Let me repeat that. Bitcoin is backed by nothing but blind faith in the price. Bitcoin is a digital fiat -- "by decree", and every transaction is logged on databases all over. And the US government is implementing tax laws for cryptocurrencies, going as far as taxing every exchange and income using them.

Look at Steemit. We can make money on here via blogging and voting, yes. But we know that the Steemit system is unbacked fiat with a high degree of wealth inequality. Look at my previous post talking about it if need be, but in summary: If Steemit was no longer a luxury, but a necessity -- would it really be all that great?

No! It would be hell! Making pennies and relying on bots to give substantial boosts that maybe puts a few meals on your table? No!

Furthermore, there is no such thing as free money. We've already seen the damage that the vote bots have had on the value of the Steem token. Now we're talking about SmartCash and whatever other free-money coins to help out the minnows.

But it's being spread around the world like wildfire. The people love it, there are meetups all over to spread the message of Steemit and decentralization.

image.png
I'm sorry but it gives me a cult vibe, it really does.

We're not going to successful places to spread a digital currency with a large wealth inequality that tracks every transaction ever for easy taxation -- we're going to places like Africa and Venezuela.

Remember when Charlee Lee sold all of his Litecoin? And now he wants to integrate it into the banking system. He wants to spread it everywhere.

image.png
You sold all of your Litecoin, bruh. But you want everyone else to be on it.

Digital Fiat is the Endgame.

Sound money is the only real money. Period. So look at Russia and China stacking gold and silver. An insane amount. Trillions' worth.

image.png

Now look at JP Morgan, a bank with billions, stacking as much silver as they possibly can now since 2011 when Bitcoin started letting loose. They have over 130 million ounces now.


While we've look looking at digital fiat, they've been looking at sound money.

The presidents that tried to return us back to sound money were assassinated. Abe Lincoln's greenbacks. JFK's silver certificates. Andrew Jackson succeeded and that was his biggest legacy.


And look who that is on the poster.

So I no longer trust Cryptocurrencies. They really are trust-less, and seem to guarantee economic slavery and a corporate technocracy.

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Spread the word. Sources are an easy lookup away.

Relevant posts:
It Matters More WHO Likes Your Posts, Not How Many.
STEEMIT RED FLAG: A growing wealth inequality looming?
Upvote Bots and the Money Chase

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I think you are spot on and to spend it realistically, you must have access to the internet. This makes you trackable at all times. Steemit is a Centralized Oligarchy.

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