Bitcoin and Crypto Thread

[GoodShepherd]

Yes, no one can confiscate your bitcoin as long as the malicious miners aren't the majority controlling the hashrate, but even governments wouldn't need direct control of Bitcoin anyways to control targeted individuals. Majority of the population are normies (including businesses) who would gladly give their keys to custodians for convenience just as most of the world took mRNA vaccines for convenience. Many exchange runs and collapses have proved this as well. Since Bitcoin is a public chain, those inside the system interacting with those outside will face scrutiny. Chainanalysis tools have already put a few individuals into prison. Sure they can't access the coins, but they can access you and know about your wallet's activities.

Puerto Rico Court Fines Man $10K Daily for Refusing to Surrender 119 Bitcoin – Legal Bitcoin News

A federal court in Puerto Rico has held Juan Carlos Reynoso in contempt for refusing to surrender 119.65 BTC.

news.bitcoin.com

Globalhomo (which includes big banks) have already corrupted Bitcoin. They psyoped the community into refusing to fixed the scalability issue by allowing more bigger block sizes. By not fixing it, this allows "solutions" to settle transactions offchain. That's why there was a big Bitcoin civil war back in 2017 and there's two forks of the Bitcoin project: BCH and BSV.



Anyways, getting back to Saylor, he's not a good man regardless of whether you like Bitcoin or not. The fact he is encouraging wallstreet to get into Bitcoin should not be applauded.

Also, the image of him holding the "Bitcoin commandments" is cringe

Bitcoin is not just based on one single country though, Im not saying it cant happen but it would be a HUGE scheme that would have to happen.

If I were the bad guys and I wanted to get rid of bitcoin I would just make it impossible to access the internet or use any device that connects to the internet without my permission, so If I black list your finger print or your face you wont be able to unlock your phone or get an internet connection and close any loop holes, so your bitcoin would be untouched but you would never be able to access it or use it.

This will most probably happen one day, I think the prophesies of the Bible predict this and it includes any and all kinds of trading, it hasnt happened yet so we continue business as usual until that day comes whenever that may be.

 

[chance vought]

Yes, no one can confiscate your bitcoin as long as the malicious miners aren't the majority controlling the hashrate, but even governments wouldn't need direct control of Bitcoin anyways to control targeted individuals. Majority of the population are normies (including businesses) who would gladly give their keys to custodians for convenience just as most of the world took mRNA vaccines for convenience. Many exchange runs and collapses have proved this as well. Since Bitcoin is a public chain, those inside the system interacting with those outside will face scrutiny. Chainanalysis tools have already put a few individuals into prison. Sure they can't access the coins, but they can access you and know about your wallet's activities.

Puerto Rico Court Fines Man $10K Daily for Refusing to Surrender 119 Bitcoin – Legal Bitcoin News

A federal court in Puerto Rico has held Juan Carlos Reynoso in contempt for refusing to surrender 119.65 BTC.

news.bitcoin.com

Globalhomo (which includes big banks) have already corrupted Bitcoin. They psyoped the community into refusing to fixed the scalability issue by allowing more bigger block sizes. By not fixing it, this allows "solutions" to settle transactions offchain. That's why there was a big Bitcoin civil war back in 2017 and there's two forks of the Bitcoin project: BCH and BSV.

There’s dozens of forks of bitcoin, none of which have much value.

Anyways, getting back to Saylor, he's not a good man regardless of whether you like Bitcoin or not. The fact he is encouraging wallstreet to get into Bitcoin should not be applauded.

Also, the image of him holding the "Bitcoin commandments" is cringe

He is encouraging businesses because he has a business, it’s just education. Why is that a bad thing?
Using fiat debt to buy assets is how wealth is built. None of that is inaccurate or deceptive. Use depreciating fiat to buy appreciating assets.

 

[chance vought]

Bitcoin is not just based on one single country though, Im not saying it cant happen but it would be a HUGE scheme that would have to happen.

If I were the bad guys and I wanted to get rid of bitcoin I would just make it impossible to access the internet or use any device that connects to the internet without my permission, so If I black list your finger print or your face you wont be able to unlock your phone or get an internet connection and close any loop holes, so your bitcoin would be untouched but you would never be able to access it or use it.

This will most probably happen one day, I think the prophesies of the Bible predict this and it includes any and all kinds of trading, it hasnt happened yet so we continue business as usual until that day comes whenever that may be.

That my friend is impossible. All you need is a meshtastic router, or starlink, or any number of gizmos to access the internet anywhere on earth. Governments have already lost this fight.

Bitcoin is not going to be optional, just like electricity or the internet - if your government wants to become Haiti, then people with bitcoin will just leave. Bitcoin gives you options, just like guns, money, and brains.

China hates the internet, but they can’t turn it off for their citizens. European leaders hate fossil fuels, but as we shall see, the consequences are going to lead to the collapse of those governments. Bitcoin isn’t going to be optional. You take the orange pill or it will be the orange suppository.

China and India could not hold back the West’s gold with their silver. They became a vassal and a colony of the west for a century. The Africans could not hold back European gold with their glass beads. They sold each other into slavery for progressively more worthless beads. The natives in America couldn’t hold back European coins with wampum. Hard money rewards its users, and impoverishes the users of soft money - not in most cases: in every case.

Users of bitcoin will continue to be rewarded, while users of fiat will continue becoming poorer.

My first house I bought, only 19 years ago. I had a 20 year mortgage on it. The USD has devalued so much, that I could pay that entire home loan amount with 2 months pay. I figure if I take out a mortgage to buy bitcoin, if I need to pay off the note in 30 years, 1 paycheck should do the trick. Nothing wrong with fiat if you use it correctly.

 

[chance vought]

The house I bought in 2011 was $110k. 55,000 BTC. Now that house is probably worth $350k…or 4 BTC.

If you aren’t using debt, you’re playing the wrong game.

 

[GoodShepherd]

That my friend is impossible. All you need is a meshtastic router, or starlink, or any number of gizmos to access the internet anywhere on earth. Governments have already lost this fight.

Bitcoin is not going to be optional, just like electricity or the internet - if your government wants to become Haiti, then people with bitcoin will just leave. Bitcoin gives you options, just like guns, money, and brains.

China hates the internet, but they can’t turn it off for their citizens. European leaders hate fossil fuels, but as we shall see, the consequences are going to lead to the collapse of those governments. Bitcoin isn’t going to be optional. You take the orange pill or it will be the orange suppository.

China and India could not hold back the West’s gold with their silver. They became a vassal and a colony of the west for a century. The Africans could not hold back European gold with their glass beads. They sold each other into slavery for progressively more worthless beads. The natives in America couldn’t hold back European coins with wampum. Hard money rewards its users, and impoverishes the users of soft money - not in most cases: in every case.

Users of bitcoin will continue to be rewarded, while users of fiat will continue becoming poorer.

My first house I bought, only 19 years ago. I had a 20 year mortgage on it. The USD has devalued so much, that I could pay that entire home loan amount with 2 months pay. I figure if I take out a mortgage to buy bitcoin, if I need to pay off the note in 30 years, 1 paycheck should do the trick. Nothing wrong with fiat if you use it correctly.

Im just giving the worst case possibilities of what could happen, this would obviously not only affect bitcoin but EVERYTHING if that were to happen which will definately happen some day but only during the rule of the anti Christ which we dont know when will happen, modern day saints like saint Paisios who died in 1994 explained this in great detail when he explained that it would be impossible to actually buy or access anything without receiving this "mark" of the beast, so imagine not being able to access stargate without somekind of biometrics system, or not being able to pay for your water or electricity because you have to go through the biometrics systems to do the payment but unless this mark of the beast is voluntarily accepted by us then we wont have access, something like that.

When this will happen we dont know so we carry on business as usual, we carry on living, getting married, having babies, working, have a bank account, get bitcoin, eventually like Michael Saylor said take fiat loans against your bitcoin which is basically tax free money that you can spend as loans cant be taxed, or or move to tax free crypto countries, spend your crypto there and buy your houses and cars from those countries so you can have them when you go back home, whatever.

 

[PurpleUrkel]

Users of bitcoin will continue to be rewarded, while users of fiat will continue becoming poorer.

Demonstrably false. You, a high IQ outlier techy who loves and understands the BTC video poker game and plays it as an entertaining hobbie will continue to be rewarded (until you aren't), but many have already lost their ass on BTC and crypto and have forever dipped. But I a user of fiat are getting controllably and predictably wealthier everyday. Yes, the US dollar loses value but I keep making more of them thus significanly out pacing fake-flation. In the real world on the ground economy I'm paying 50% less for eggs, bread, gas, electricity, and housing then I was in the 1990's by using mostly untaxable, untraceable cash. Don't ask me "how?" as we all know how, it's via entreprenuership involving manual labor that provides an affordable high quality product or service to people and/or solves a problem for people in which one requests (low key demands) that the customer pays in cash. Cash is king, bitcoin is bling.

 

[Blade Runner]

but many have already lost their ass on BTC and crypto and have forever dipped. But I a user of fiat are getting controllably and predictably wealthier everyday.

No they haven't. That's like saying people lost their ass even though the equities markets went up for 15 years. Something goes up over the long term and you blame the market, not the people who happened to lose? Beyond bizarre. You keep making arguments that quite literally make no sense.

Don't ask me "how?" as we all know how, it's via entreprenuership involving manual labor that provides an affordable high quality product or service to people and/or solves a problem for people in which one requests (low key demands) that the customer pays in cash.

I love this argument. Fiat is great BUT I have to do underground or black market things to have a better life. Look at me, this economy is so great - oh yeah, not really the actual economy, but some thing I've carved out. It' a funny "learn to code" argument while claiming the "system" is legit. LOL! I have no problem at all with what you are doing, but it actually contradicts the argument you think you are making, which is actually hysterical in the literal sense.