I remember it to, and for some reason people where desperate to give it away to the banking cartel in exchange for some worthless paper. Every high profile banker says it's a terrible investment, even tho it's up 10,000% compared to the cash we got in exchange back in the days.
Then some Japanese guy made a digital version of it in 2009, but that's dangerous too according to the banking cartel.
Same shit in 1929 during the great depression and the bank runs where people found out that their hard earned metals was no longer there. That the banks had literally scammed them. Why didn't we hang those bankers back then? Sending a message to future banks or similar solution that fractional reserve scams ain't ok.
Because their own system is too crappy and has to many glitches (real glitches not Dominion glitches). They want a back-end that's proven to be secure. A transaction protocol that was literally built to handle transactions, and not just a generic database designed in the 90's.
What I don't get however is people being afraid of cryptocurrencies just because the banks are interested in the technology. That's like sitting every day, complaining about the democrats, and then every 4th year vote democrat.
I'm all for cryptocurrencies but Bitcoin is not the answer as it doesn't scale properly. Back in 2009 smartphones with just 32 or 64GB internal memory plus centralized cloud storage wasn't a thing, back then most people used desktop PC's with traditional hard drives that still followed Moore's law.
By that logic the chain could theoretically grow as fast as the core team predicted. BCH on the other hand would grow even faster i people where actually using it, and current transaction fees are as high as $100. That's insane.
No we need other solutions. Such as:
Ethereum that has sharding, where each node only store a part of the chain
Monero, where block size is dynamic and balanced between fees and size
Nano, where each wallet tracks it's own transactions only
I'm sure there are more alternative solutions that allows each wallet to be a part of the decentralized network without causing insanely high transaction fees.
Also, we need trust less physical mediums of exchange, not cash but maybe gold and silver coins, heck why not even mix in other metals too and let the value match the value of the metal plus weight, that way it's hard to cheat and fake value, still possible but hard.
Nickel, copper or aluminum for change and small transactions, gold and silver coins for more expensive purchases. And crypto as digital alternative.
And a currency with limited supply where actual work is required to obtain it, something that can't just be printed out of thin air.
But what will the people who vote for a living do??
Starve most likely.
We should be so lucky. I love the liberals that would say "how Christian of you?" to this. Actually, Sloth is one of the 7 deadly sins..
Doesn't the Bible have some harsh words for the man who doesn't support his family?
They will have to get off their sassy fat welfare Queen asses and get a job or get married.
Hmmmm, I remember we used to have something like that, can’t remember the name tho.....
I remember it to, and for some reason people where desperate to give it away to the banking cartel in exchange for some worthless paper. Every high profile banker says it's a terrible investment, even tho it's up 10,000% compared to the cash we got in exchange back in the days.
Then some Japanese guy made a digital version of it in 2009, but that's dangerous too according to the banking cartel.
I vaguely remember reading about some POTUS that fucked it over around 50 years ago. All the trouble it could've saved us if we had just 1776d them.
Same shit in 1929 during the great depression and the bank runs where people found out that their hard earned metals was no longer there. That the banks had literally scammed them. Why didn't we hang those bankers back then? Sending a message to future banks or similar solution that fractional reserve scams ain't ok.
The banking cartel has started moving into it.I saw the news about Rothschild's considering cryptocurrency.
Because their own system is too crappy and has to many glitches (real glitches not Dominion glitches). They want a back-end that's proven to be secure. A transaction protocol that was literally built to handle transactions, and not just a generic database designed in the 90's.
What I don't get however is people being afraid of cryptocurrencies just because the banks are interested in the technology. That's like sitting every day, complaining about the democrats, and then every 4th year vote democrat.
Bitcoin ftw
There's no such thing as a patent on bitcoin.
I'm all for cryptocurrencies but Bitcoin is not the answer as it doesn't scale properly. Back in 2009 smartphones with just 32 or 64GB internal memory plus centralized cloud storage wasn't a thing, back then most people used desktop PC's with traditional hard drives that still followed Moore's law.
By that logic the chain could theoretically grow as fast as the core team predicted. BCH on the other hand would grow even faster i people where actually using it, and current transaction fees are as high as $100. That's insane.
No we need other solutions. Such as:
I'm sure there are more alternative solutions that allows each wallet to be a part of the decentralized network without causing insanely high transaction fees.
Also, we need trust less physical mediums of exchange, not cash but maybe gold and silver coins, heck why not even mix in other metals too and let the value match the value of the metal plus weight, that way it's hard to cheat and fake value, still possible but hard.
Nickel, copper or aluminum for change and small transactions, gold and silver coins for more expensive purchases. And crypto as digital alternative.
The creator put gems, jewels and precious metals all over the world for us to use as money and people still want to make a system.
It absolutely scales properly. Just not instantly.
[Argentina is typing]