It is all fake, but some are more fake than others, specifically Bitcoin and cryptocurrency. It is a massive pump and dump ponzi scheme orchestrated by a few bad actors and it is imperative to warn people. What they do with that warning is on them, but I will be providing the clearest possible explanation into what's going on, so as to provide anyone with a functioning brain from being fleeced by scam artists.
Bitcoin is far from decentralized. Please look at the post, then you will understand why it is centralized. Beyond the volume and tether issue, the vast majority of massive bitcoin wallets are centralized amongst a group of 20-30 people. If you call that decentralized, quite frankly, you dont understand what decentralization means.
Stocks are far more decentralized than crypto. There are 401ks and millions upon millions of owners who own significant portions of firms. While certain firms still have centralized ownership, there is far more decentralization in stocks than any other security than perhaps gold and silver, although those are quite centralized in their own rights.
Beyond the decentralization, the fraud in crypto and the fake volume and hyper inflated prices are the true scam. Satoshi is rolling in his grave, watching what has come of his creation, although it is possible that satoshi is a government entity. Who can break the SHA algorithm BTC is based on? The NSA.
People like you are so fucking stupid. You are promoting a digital currency and saying I’m the useful idiot for the big banks?! The big banks tried to wipe me out IRL not this anon shit because of what I do. Get your head out of ur ass pede.
Hey, I got wiped out by the big banks, in the cashless part of Europe too. I'm guessing you at least have the cash to fall back to, but for how long? I'm using crypto because that's literally the only medium of exchange I can use to actually pay for stuff, not directly but via prepaid Visa debit cards.
Trust me pede, once the government decides to get rid of cash, shit will go down fast, and the useful idiots will cheer. Taking back the "useful idiot for big banks part", I just haven't seen cash in years and people around here arguing against crypto are typically useful idiots for the big banks.
I understand what you are saying. It's a tough situation, but crypto as a whole may be a useful medium for some in very unfavourable situations, however, from a more global perspective it is a Trojan horse which will lead to government (Central Bank) issued cryptos and a total destruction of financial privacy. Overall, sound notes backed by precious metals on demand is without a doubt the way to go. Auditing those metals is another problem. I am currently redacting a solution whitepaper to all these problems, and when the time is right, I will release it anonymously to the world. Stay tuned if you are interested.
Don't you get it? Money is a technology. It's a tool for exchanging assets. It's a game. And crypto is the most technologically advanced form of the money game.
Stop burying your head in the sand and just admit that you were wrong this time.
Isn't it all fake?
That dollars value isn't manipulated by the people.
It is all fake, but some are more fake than others, specifically Bitcoin and cryptocurrency. It is a massive pump and dump ponzi scheme orchestrated by a few bad actors and it is imperative to warn people. What they do with that warning is on them, but I will be providing the clearest possible explanation into what's going on, so as to provide anyone with a functioning brain from being fleeced by scam artists.
So, a decentralized currency who's value is dictated by who uses it, is more fake than a centralized currency whoes value is set by the elite.
Bitcoin is far from decentralized. Please look at the post, then you will understand why it is centralized. Beyond the volume and tether issue, the vast majority of massive bitcoin wallets are centralized amongst a group of 20-30 people. If you call that decentralized, quite frankly, you dont understand what decentralization means.
Crypto = Decentralized tech , Centralized ownership (by few)
Stocks =Centralized tech, Centralized ownership (by few)
Stocks are far more decentralized than crypto. There are 401ks and millions upon millions of owners who own significant portions of firms. While certain firms still have centralized ownership, there is far more decentralization in stocks than any other security than perhaps gold and silver, although those are quite centralized in their own rights.
Beyond the decentralization, the fraud in crypto and the fake volume and hyper inflated prices are the true scam. Satoshi is rolling in his grave, watching what has come of his creation, although it is possible that satoshi is a government entity. Who can break the SHA algorithm BTC is based on? The NSA.
CHYNA
Fuck em ... they are a big player behind the BTC scenes. Antfarm etc. You want chinese money go buy BTC.
The blockchain is open for anyone to read, there's even a rich list, stop being a useful idiot for the big banks: https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html
People like you are so fucking stupid. You are promoting a digital currency and saying I’m the useful idiot for the big banks?! The big banks tried to wipe me out IRL not this anon shit because of what I do. Get your head out of ur ass pede.
Hey, I got wiped out by the big banks, in the cashless part of Europe too. I'm guessing you at least have the cash to fall back to, but for how long? I'm using crypto because that's literally the only medium of exchange I can use to actually pay for stuff, not directly but via prepaid Visa debit cards.
Trust me pede, once the government decides to get rid of cash, shit will go down fast, and the useful idiots will cheer. Taking back the "useful idiot for big banks part", I just haven't seen cash in years and people around here arguing against crypto are typically useful idiots for the big banks.
I understand what you are saying. It's a tough situation, but crypto as a whole may be a useful medium for some in very unfavourable situations, however, from a more global perspective it is a Trojan horse which will lead to government (Central Bank) issued cryptos and a total destruction of financial privacy. Overall, sound notes backed by precious metals on demand is without a doubt the way to go. Auditing those metals is another problem. I am currently redacting a solution whitepaper to all these problems, and when the time is right, I will release it anonymously to the world. Stay tuned if you are interested.
Don't you get it? Money is a technology. It's a tool for exchanging assets. It's a game. And crypto is the most technologically advanced form of the money game.
Stop burying your head in the sand and just admit that you were wrong this time.