posted ago by ExposeElites ago by ExposeElites +7 / -1

Kind of surprising how the feds haven't stepped in to regulate Bitcoin and other cryptos.

Considering how hard the lefties like Jack Dorsey are pushing it, we should all stop and think about it... and consider trying to stop it before it's too late.

What are the odds Big Tech is scheming to take over all finances via crypto? If they succeed, then what?

That's right.... we're totally fucked.

Bitcoin may actually be the number of the beast...

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ExposeElites [S] -1 points ago +1 / -2

they both are... but crypto is worse because they will probably be able to figure out a way to freeze your assets instantly if you are not in lock step.

All I know is everyone I see pushing crypto is not someone I trust. Like Jack Dorsey having it in his Twitter bio

2
ThomasWashington 2 points ago +2 / -0

Check out defi exchanges queer bait. Your assets aren’t tied to you in crypto they are the to wallet address. Transferable for cash, goods, fiat in another nation. Stop bitching and start buying cuz if it’s got even a slight chance of decentralizing the fed get on board

2
fegeline 2 points ago +2 / -0

There are two concepts to understand in the digital world:

Centralization: Big banks, Twatter, FB, Google on one side, This site, Gab and other based servers and sites on the other side. Whoever controls the centralized servers have full control and can do anything without out consequences. This is dangerous in the wrong hands.

Decentralization: Crypto, distributed solutions, torrents, any peer-to-peer protocol, nobody controls it and there could be thousands of servers/nodes involved. To gain control you need to control at least 51% of all the nodes/servers. To shut it down you need to physically find every single node and destroy it. These ain't data centers, but could be a tiny chip the size of a credit card well hidden in someones home.

Other advantages with cryptocurrencies:

  • Open source and transparent, all the data and source code is public and available to everyone. Someone goes against the majority or trying to take control? well fuck them, then we fork them out.
  • Open protocol, there's many different wallet software available, you're not tied to any of them, you use what's best for you and they talk the same protocol.
  • Limited supply and predictable inflation, no fuckery by the fed, unless they manage to trick people into buying fake coins that doesn't exist, just like they did to gold and silver and are still doing.
  • Secure, mathematically verifiable proof of work. This ensures that the power stay with the majority of the people, and people get paid so there's always a financial incitement to contribute to the network security.