Also, it is obvious how BTC and other crypto currencies are siphoning cash and puting it out of circulation. Just based on this fact one would be correct to say that BTC is a trojan horse.
I love that, thanks SIRIUS - classic, I'll let BOOM know; there's often another angle to consider. Agreed, the Suits will always think of something to make a buck but maybe The Financial Jigsaw is running out of road?
Fearmongering is a huge biz as well, rarely anyone takes it into full account. Imagine all the bribery money that went out there since 2020. People who took it expect there will be somewhere to spend it. The fiat game goes on while there are enough players sort of thing. And BTC story can go on only in a 'functional' society which offers the infrastructure for everything digital.
Will they decide to do a full reset?
In that case BTC is lost, no infrastructure to support it. Back to fine metals and shells.
LOL SIRIUS - gold reigns supreme in my world but then I am just a barbarian relic Austrian Economist and not in BOOM's camp on this account - he thinks I'm potty! Sound money indeed he says! Anyway this is what he says in reply to your note:
"Completely wrong: 'Nakamoto Satoshi' means "central intelligence".[in Japanese]. When you buy a Bitcoin with Physical cash, it is transferred to the seller. The seller can use that cash anywhere.
When you buy a Bitcoin using an online exchange, the settlement is usually in a Stablecoin. The seller can transfer the Stablecoin back into fiat currency at any time. Or he can hold the Stablecoin. The Stablecoin is supposedly backed by US Dollars. Those will be Credit money at origination. So every Stablecoin increases the demand for Credit money/US Dollars (principally). Cheers, BOOM"
Yes, the seller can use the cash. What if the seller has other ideas? What if most of BTC is in wallets of very greedy and evil people? If they sell and get cash they hoard and there is much less cash in circulation.
Also, another issue with crypto currencies that I see, is how a HUGE LOT of profit oriented people are backing crypto currencies. The only thing on their minds is profit! They dont care about de-centralization or anything anti-government/tyranny, they are in it for the possible earnings and small time tax evasion.
Or the other kind, people that are invested in BTC like it is a wonderthing which can save the world (official narrative). They do not want to hear anything against it, no matter how reasonable it sounds.
Remember that ANY officially accepted narrative is put in place by very smart and very evil people.
I sure would like to be wrong on this. Implications are HUGE and DEVASTATING.
If there will be no great reset via catastrophy, I think we will see this topic unravel in the next decade or so. And I think it will be a crucial point in time when it happens.
We agree with the general idea, but bitcoin is not supply limited to 21 million, that is not true, because everytime bitcoin fork another 21 million bitcoin are available, by example bitcoin cash is another 21 million supply, is not the only one, but they are less known : bitcoin gold, bitcoin sv, etc.
The general idea of the article is more accentuated with this fact: bitcoin is not supply limited, bitcoin is not currency.
BOOM says: "These are not Bitcoin by definition. They are just another Crypto. Join the throng of 2 Million other Cryptos. This is not a valid criticism of my article. The article is about Bitcoin as a currency, not the entire Crypto universe."
I am confused - but because i don't dabble in this stuff and don't have a 'smart phone' I am now a digital nomad! LOL
Yes, Bitcoin Fork create other separate Crypto. Bitcoin is just software, the software need to be changed to adapt to new realities or technical advances or fixing bugs. Then when we say that bitcoin is supply limited, that is false statement, because is software that change, and the supply can change in any moment, the forks of bitcoins are a demonstration of that fact.
I don't criticize the validity of the article, the contrary, that correction just give more weigh to the subject of the article, BITCOIN IS NOT CURRENCY.
That's the crucial point Robinson - BOOM has no issues with Crypto - we all know it's a fantasy but Bitcoin is no currency as you also agree. We are on the same page my good friend.
Thank you Robinson I didn't know that. I will let BOOM know. Trusting all is well with you good friend. I fly to SA on Dec 8 so I will be in blackout for a while but will rise with the sun LOL :-)
Friend, i fill the patent for the "super" device 25/11/2023, we now have the patent pending status, i have the 3d model and animation ready of version 1, version 2 in one week more. we are now contacting factories with the ability to make the prototype. :)
Brilliant Robinson, thanks for the update, and well done. When you have details/overview/patent pending data, my good friend Martin Turner here in Bruton is working on another system using ocean currents, and I am sure he would be interested in yours. Email me when you can and I will contact him.
I will be in Simons Town, (Cape Town suburb) from December 11 so i won't be able to meet with him but we can email & Skype when needed. All the best. AP
Thanks Replenish and you are quite right of course. It's not my intention to follow Michael T to the letter - it is rather a reference from which to take some of the workable items. To plough a furrow along the wavy line of political right and left is a daunting task.
Always fun to share this about BTC creator:
SAmsung
TOSHIba
NAKAmichi
MOTOrola
Also, it is obvious how BTC and other crypto currencies are siphoning cash and puting it out of circulation. Just based on this fact one would be correct to say that BTC is a trojan horse.
I love that, thanks SIRIUS - classic, I'll let BOOM know; there's often another angle to consider. Agreed, the Suits will always think of something to make a buck but maybe The Financial Jigsaw is running out of road?
Fearmongering is a huge biz as well, rarely anyone takes it into full account. Imagine all the bribery money that went out there since 2020. People who took it expect there will be somewhere to spend it. The fiat game goes on while there are enough players sort of thing. And BTC story can go on only in a 'functional' society which offers the infrastructure for everything digital.
Will they decide to do a full reset?
In that case BTC is lost, no infrastructure to support it. Back to fine metals and shells.
LOL SIRIUS - gold reigns supreme in my world but then I am just a barbarian relic Austrian Economist and not in BOOM's camp on this account - he thinks I'm potty! Sound money indeed he says! Anyway this is what he says in reply to your note:
"Completely wrong: 'Nakamoto Satoshi' means "central intelligence".[in Japanese]. When you buy a Bitcoin with Physical cash, it is transferred to the seller. The seller can use that cash anywhere.
When you buy a Bitcoin using an online exchange, the settlement is usually in a Stablecoin. The seller can transfer the Stablecoin back into fiat currency at any time. Or he can hold the Stablecoin. The Stablecoin is supposedly backed by US Dollars. Those will be Credit money at origination. So every Stablecoin increases the demand for Credit money/US Dollars (principally). Cheers, BOOM"
It's all beyond my pay-grade! Happy days. https://austrianpeter.substack.com/p/the-financial-jigsaw-part-2-localisation?s=w
Yes, the seller can use the cash. What if the seller has other ideas? What if most of BTC is in wallets of very greedy and evil people? If they sell and get cash they hoard and there is much less cash in circulation.
Also, another issue with crypto currencies that I see, is how a HUGE LOT of profit oriented people are backing crypto currencies. The only thing on their minds is profit! They dont care about de-centralization or anything anti-government/tyranny, they are in it for the possible earnings and small time tax evasion.
Or the other kind, people that are invested in BTC like it is a wonderthing which can save the world (official narrative). They do not want to hear anything against it, no matter how reasonable it sounds.
Remember that ANY officially accepted narrative is put in place by very smart and very evil people.
You are on target my friend - say no more - this is yet another PsyOP.
I sure would like to be wrong on this. Implications are HUGE and DEVASTATING.
If there will be no great reset via catastrophy, I think we will see this topic unravel in the next decade or so. And I think it will be a crucial point in time when it happens.
We agree with the general idea, but bitcoin is not supply limited to 21 million, that is not true, because everytime bitcoin fork another 21 million bitcoin are available, by example bitcoin cash is another 21 million supply, is not the only one, but they are less known : bitcoin gold, bitcoin sv, etc.
The general idea of the article is more accentuated with this fact: bitcoin is not supply limited, bitcoin is not currency.
Bitcoin Forks create other separate Bitcoins.
https://en.wikipedia.org/wiki/List_of_bitcoin_forks
BOOM says: "These are not Bitcoin by definition. They are just another Crypto. Join the throng of 2 Million other Cryptos. This is not a valid criticism of my article. The article is about Bitcoin as a currency, not the entire Crypto universe."
I am confused - but because i don't dabble in this stuff and don't have a 'smart phone' I am now a digital nomad! LOL
Yes, Bitcoin Fork create other separate Crypto. Bitcoin is just software, the software need to be changed to adapt to new realities or technical advances or fixing bugs. Then when we say that bitcoin is supply limited, that is false statement, because is software that change, and the supply can change in any moment, the forks of bitcoins are a demonstration of that fact.
I don't criticize the validity of the article, the contrary, that correction just give more weigh to the subject of the article, BITCOIN IS NOT CURRENCY.
That's the crucial point Robinson - BOOM has no issues with Crypto - we all know it's a fantasy but Bitcoin is no currency as you also agree. We are on the same page my good friend.
Thank you Robinson I didn't know that. I will let BOOM know. Trusting all is well with you good friend. I fly to SA on Dec 8 so I will be in blackout for a while but will rise with the sun LOL :-)
Friend, i fill the patent for the "super" device 25/11/2023, we now have the patent pending status, i have the 3d model and animation ready of version 1, version 2 in one week more. we are now contacting factories with the ability to make the prototype. :)
Brilliant Robinson, thanks for the update, and well done. When you have details/overview/patent pending data, my good friend Martin Turner here in Bruton is working on another system using ocean currents, and I am sure he would be interested in yours. Email me when you can and I will contact him.
I will be in Simons Town, (Cape Town suburb) from December 11 so i won't be able to meet with him but we can email & Skype when needed. All the best. AP
All the best for the final preparations and the flight.
Many thanks Greg - all on plan - just cruising now, Go well my good fellow.
Very good!
Thanks Replenish and you are quite right of course. It's not my intention to follow Michael T to the letter - it is rather a reference from which to take some of the workable items. To plough a furrow along the wavy line of political right and left is a daunting task.
I think we can do it by melding the best of many. But certainly guns for defence are needed as well as for hunting and are vital IMHO. I have practised longbow which is highly effective. https://www.medievalists.net/2015/10/why-was-the-longbow-so-effective/
I ran my own smallholding in SW England for 20 years in the 1980-90s. I wrote about it in January: https://austrianpeter.substack.com/p/prince-hal-mia-workers-found-twitter?utm_source=post-email-title&publication_id=762792&post_id=95230243&isFreemail=false&utm_medium=email
There are many ways to skin a cat - the Amish model also demonstrates success in off-grid economies. Again Steve Kirsch explains: https://vigilantfox.substack.com/p/the-amish-died-of-covid-at-a-rate
Blessings
AP