Hey Amy! Just my two cents on crypto (specifically, bitcoin): bitcoin was never intended to be a "wealth generating" tool. The speculation taking place in the fiat currency/crypto currency exchange interface is the engine behind the wealth building/destroying events, and is not related to the intrinsic worth of that cryptocurrency. As an exchange, if you bought it low, and now it's worth more, you sell for a profit. If you bought it high, and it's now low, you either hold or sell for a loss. But those actions are linked to a perceived market value of the asset (I referred to it above as "the interface", the perceived value of the asset by the "exchange market".
Bitcoin is not much different than gold, as there is a finite amount available. Bitcoin is part of my portfolio (small, measured part!) simply because I came to understand the basic workings of it. The speculative value is just part of "the interface".
What we need to absolute FIGHT against is the hideous idea of Central Bank Digital Currency. That's end-of-times, "mark-of-the-beast" stuff.
I agree completely about CBDC stuff. That's a nightmare. I think crypto needs to be used more in daily exchanges of labor or goods and less like gold, which also is generally used as an investment hedge and not exactly traded for day to day utilities on any widespread basis. It needs to be more liquid...
Yep. Gold has disadvantages from a transaction point of view, but it may still be a "store of value" over time. I came to understand "bitcoin" (that is, this particular type of crypto) as a response to your concern: bitcoin is "liquid", since it can be traded freely, including in fractions.
(Note: I am always talking about the very specific instance of the digital currency known as Bitcoin)
Yes, exactly thanks. As the Beatles once articulated “It is hard to be someone when it all works out.” Important to understand the art of being a nobody. Nobodies under the importance of being nobodies - of our strength being together by being a healthy pack of nobodies. One Nation, under God, as Nobodies. United we stand, divided we fall, as nobodies.
Yeah, I'm about to take a part time job @ $16hr. I must have a thing for demeaning myself. It is mostly a transition job, while I figure out WTF in the town of my youth. I have plans to be self-employed again, but that will take a little time. I'll be working with plants, anyway. I'm not really in the mood to make somebody else rich, I just want to live a decent life without having to stress about money.
But of course, the owners of the dollar are sadists and killers. And I don't have any sense humanity is in any way ready to take the currency back, or is even aware that we could or that it would be a good thing.
Proverbs 24:10 If you are discouraged in the day of adversity, your strength is small.
Send this complaint to lawyers, associations, bloggers, activists, independent journalists, you have to decide to act because they are murderers and don't want to pay, rather they have already approved agreements that declare us internal terrorists, or mentally ill. Soon on my blog I will explain better,
Proverbs 24:10 If you are discouraged in the day of adversity, your strength is small.
Send this complaint to lawyers, associations, bloggers, activists, independent journalists, you have to decide to act because they are murderers and don't want to pay, rather they have already approved agreements that declare us internal terrorists, or mentally ill. Soon on my blog I will explain better,
Hey Amy! Just my two cents on crypto (specifically, bitcoin): bitcoin was never intended to be a "wealth generating" tool. The speculation taking place in the fiat currency/crypto currency exchange interface is the engine behind the wealth building/destroying events, and is not related to the intrinsic worth of that cryptocurrency. As an exchange, if you bought it low, and now it's worth more, you sell for a profit. If you bought it high, and it's now low, you either hold or sell for a loss. But those actions are linked to a perceived market value of the asset (I referred to it above as "the interface", the perceived value of the asset by the "exchange market".
Bitcoin is not much different than gold, as there is a finite amount available. Bitcoin is part of my portfolio (small, measured part!) simply because I came to understand the basic workings of it. The speculative value is just part of "the interface".
What we need to absolute FIGHT against is the hideous idea of Central Bank Digital Currency. That's end-of-times, "mark-of-the-beast" stuff.
I agree completely about CBDC stuff. That's a nightmare. I think crypto needs to be used more in daily exchanges of labor or goods and less like gold, which also is generally used as an investment hedge and not exactly traded for day to day utilities on any widespread basis. It needs to be more liquid...
Yep. Gold has disadvantages from a transaction point of view, but it may still be a "store of value" over time. I came to understand "bitcoin" (that is, this particular type of crypto) as a response to your concern: bitcoin is "liquid", since it can be traded freely, including in fractions.
(Note: I am always talking about the very specific instance of the digital currency known as Bitcoin)
Yes, exactly thanks. As the Beatles once articulated “It is hard to be someone when it all works out.” Important to understand the art of being a nobody. Nobodies under the importance of being nobodies - of our strength being together by being a healthy pack of nobodies. One Nation, under God, as Nobodies. United we stand, divided we fall, as nobodies.
Yeah, I'm about to take a part time job @ $16hr. I must have a thing for demeaning myself. It is mostly a transition job, while I figure out WTF in the town of my youth. I have plans to be self-employed again, but that will take a little time. I'll be working with plants, anyway. I'm not really in the mood to make somebody else rich, I just want to live a decent life without having to stress about money.
But of course, the owners of the dollar are sadists and killers. And I don't have any sense humanity is in any way ready to take the currency back, or is even aware that we could or that it would be a good thing.
Appeal! PUBLIC COMPLAINT AGAINST GOVERNMENTS 12/01/2022 - Action, legal action
http://legalaction.canalblog.com/archives/2022/12/02/39730603.html
Proverbs 24:10 If you are discouraged in the day of adversity, your strength is small.
Send this complaint to lawyers, associations, bloggers, activists, independent journalists, you have to decide to act because they are murderers and don't want to pay, rather they have already approved agreements that declare us internal terrorists, or mentally ill. Soon on my blog I will explain better,
Also promote it, publish it in your profiles.
Thank you in the name of GOD
Appeal! PUBLIC COMPLAINT AGAINST GOVERNMENTS 12/01/2022 - Action, legal action
http://legalaction.canalblog.com/archives/2022/12/02/39730603.html
Proverbs 24:10 If you are discouraged in the day of adversity, your strength is small.
Send this complaint to lawyers, associations, bloggers, activists, independent journalists, you have to decide to act because they are murderers and don't want to pay, rather they have already approved agreements that declare us internal terrorists, or mentally ill. Soon on my blog I will explain better,
Also promote it, publish it in your profiles.
Thank you in the name of GOD