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Crypto Currencies

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shane_3800

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Crypto has amazing potential. Decentralised, flawless and corruption proof, as I said earlier - ahead of its time. It won't work in this financial world but it will certainly be the foundation of the next. Part of me is wondering if that's what Elon is trying to foster. Crypto is chump change to a man like him. At current rates he's making from 700 to 6000 btc per Falcon 9 launch alone, depending on the customer

Elon is creating the infostructure for space mining. He's kids will be the richest people ever to walk the planet.
 

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Is on the talks about mining off world and the only way to get paid, and make all kind of transactions without all the restrictions from the central banking system, is with Cryptos.
 

Skydrol

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People are like Monkeys when they see a new fruit. They all wait for the 1st one to try and observe if is deadly or not. Same with Cryptos. Nobody takes them seriously until someone does.

If the legislation is passed by lawmakers (Bukele does have a majority of votes in El Salvador's congress), El Salvador would become the first country to formally adopt the digital currency.

“In the short term this will generate jobs and help provide financial inclusion to thousands outside the formal economy," Bukele said.

 

J_D 2.0

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People are like Monkeys when they see a new fruit. They all wait for the 1st one to try and observe if is deadly or not. Same with Cryptos. Nobody takes them seriously until someone does.

If the legislation is passed by lawmakers (Bukele does have a majority of votes in El Salvador's congress), El Salvador would become the first country to formally adopt the digital currency.

“In the short term this will generate jobs and help provide financial inclusion to thousands outside the formal economy," Bukele said.

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You watch the US government sanction them or start a war if Bitcoin is adopted as they are formally striking a blow against the reserve bank system.
 

Skydrol

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You watch the US government sanction them or start a war if Bitcoin is adopted as they are formally striking a blow against the reserve bank system.

No telling, the USD is dead, dead as a door knob. The Fed Res are fighting tooth and nail to stay relevant and alive. Is on the talks to make a Fed Crypto Coin/Token/Dollar. The system died in 2008 and all they have left in the cheating death arsenal has been depleted.

Is just a matter of time before the financial system hit a brick wall. At this point we are in a Deflationary Recession.
 

J_D 2.0

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The system died in 2008 and all they have left in the cheating death arsenal has been depleted.
They have been delaying the inevitable since 2008. Once the various reserve banks and governments of the world decided to bail out the banks in 2008 that was the end of the capitalist system.

Now we have crony capitalism where the winners (and losers) are picked by government. Everything should have been allowed to collapse in 2008 and a stronger capitalist system take its place.
 

Skydrol

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They have been delaying the inevitable since 2008. Once the various reserve banks and governments of the world decided to bail out the banks in 2008 that was the end of the capitalist system.

Now we have crony capitalism where the winners (and losers) are picked by government. Everything should have been allowed to collapse in 2008 and a stronger capitalist system take its place.

And that is the truth.

Capitalism has its cycles and when banksters and their cronies fiddle with the mechanism... you see what we got.

Here is a twist... heard also that Cryptos are an invention from Allan Greenspan, a former Fed Chairman. That was intended to train the masses to accept Crytos or was a good deed on his part.

There are some events in the USA that are brewing. One of them is the election audit, if the outcome is an election recall, the former presie might comeback. Another is the Dr Fauci, the CDC and the NHI affair with the 'Rona along with the Pharmaceuticals. If all is true, people will loose faith and confidence on the currency system.

Is going to be very interesting on what we are going to use as a mean of exchange, and store of value.
 

Skydrol

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Here is some of the multuple little buckets of mistrust and/or resentment towards the Fed Gov.


Stuff like this are going to bring down the house.

The USA Fed Gov is an evil entity, not to be trusted. That is one reason to keep an eye on Cryptos, and also Precious Metals.

Is all a confidence game.
 

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For someone who claims to be a fence sitter you surely do like to post inflammatory crap.
 

Skydrol

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I am, and watch everything that is going on. Look, in due time things will develop. One day your parents will tell you that St Nick is not real (metaphore).
 
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