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Ninpomike 5 points ago +6 / -1

It means congress has the power to print a gov backed currency. Problem is USA has been bankrupt gov over 100 years and even if we the people re establish our original gov and kick the USA corp. to the curb where are we to get the gold to back that gov currency?

https://famguardian.org/Subjects/LawAndGovt/LegalEthics/Corruption/USGovtBankrupt.htm

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ascension4humanity 2 points ago +3 / -1

Why, in the name of God, would anyone in their right mind ever trust the government with a gold-backed currency again? We tried that. That’s how we got into this situation. Never ever ever ever trust a government to control a currency again. Bitcoin will be the new world currency.

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VolareVia 1 point ago +1 / -0

There can never be a world currency because it can too easily concentrate in the hands of foreign actors. Currencies differ between nations for a reason.

Crypto is not and never will be currency because the people that buy it and sell it do so for profit. It's a financial instrument. Not currency. AND the number of transactions that would take place is far beyond what Bitcoin could ever handle if it was the only currency everyone in the world used.

I want an exclusively American store of value to underscore an exclusively American economy.

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ascension4humanity 1 point ago +1 / -0

Crypto is shit. Your negative view of crypto is justified. It’s just scammers.

Bitcoin is not crypto. Bitcoin legit. Bitcoin is the future.

It is rational and appropriate to be skeptical. Only fools would not be. But, if you do your research, you will see that I am telling you the truth:

For example: https://nakamotoinstitute.org/mempool/the-bullish-case-for-bitcoin/

Re: “too easy to concentrate in the hands of foreign actors”. That already happened. Look how they moved all of our wealth to china. It will happen again if you allow the government to control it again. It is a fantasy to believe otherwise. I share your desire to prevent that from happening again. But we all know how corruptible the government is. It is insane to give them back that power.

If you allow a centralized authority to control the currency, that authority WILL be corrupted and use that ring of Sauron to destroy civilization in their quest for power. It’s a bad idea.

Re: “Currencies differ between nations for a reason”. Agreed. But its not a good reason. Slavery was an institution for a reason. Serfdom was an institution for a reason. If you want your children and grandchildren to be slaves, keep putting your faith in false God.

Having said that, there is clearly going to be something like a restructuring of the Fed and a gold backed national currency. As long as the people are allowed to use our own currencies as well, I don’t have a problem with that.

Re: bitcoin scaling: the lightning network is already active now. It scales.

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ebuy123 1 point ago +1 / -0

we dont need a gold backed currency. we can use a fiat currency, the difference is not having a private central bank that loans the money back to us as debt. like lincoln's "greenback" dollars he printed from nowhere to fund the civil war. he did that when bankers refused to give the USA a loan for less than 20% interest

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VolareVia 2 points ago +2 / -0

If you think the Federal Reserve charging interest on printed money is bad, wait until the government doesn't have to pay any fees to carry that debt. If there is no financial reason why the government can't print infinite money, you get to become a part of the next Venezuela.

We need private currencies. Cash would be nightmare, but debit transactions would be easy.

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TellMeBoutIt 5 points ago +6 / -1

Fucking posobiec and Bannon aping Ron Paul. Welcome to 20 fucking years ago 😂

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Anti-Uniparty 3 points ago +3 / -0

Exactly!!

(I dont trust poso...he seems to enjoy the attention a lot too much.)

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TellMeBoutIt 2 points ago +2 / -0

Yeah, former Navy intel doesn't exactly say "one of us". Personally think he's controlled opposition.

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CommieCrats 2 points ago +2 / -0

It's a good look right now

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Traveling_Thru_Time 1 point ago +1 / -0

It has been a good look since 1913

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deleted 2 points ago +2 / -0
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highenergywinning 4 points ago +4 / -0

And the irs

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ascension4humanity 3 points ago +3 / -0

The Fed and the IRS were created at the same time for the same purpose. To rob us blind and enslave us.

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highenergywinning 2 points ago +2 / -0

Yup

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Shmioighan 3 points ago +4 / -1

First thing that needs to happen. The last thing they'll ever let happen.

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ebuy123 1 point ago +1 / -0

they were supposed to issue 100 year bonds. that's closer to it. but coins have always been debt free money, so they could expand that.

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dontmindme22 3 points ago +5 / -2

unfortunately it would possibly be completely worthless if that were to happen without any international backing. could easily be part of the great reset.

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Anti-Uniparty 3 points ago +3 / -0

Why is the psuedo establishment advocating for the Feds abolishment??

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ascension4humanity 1 point ago +1 / -0

International backing by whom? If your currency depends upon “backing” by an authority, that authority will be taken over by criminals like the Rothschilds. Bitcoin is the ONLY way to free the people of the world from slavery,

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dontmindme22 1 point ago +1 / -0

inflation is nothing compared to every dollar you have becoming 100% worthless in an instant. gold and silver would be the only tangible asset, the internet is not guaranteed, they hold the keys to that as well..

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ascension4humanity 1 point ago +1 / -0

Even in the highly unlikely event that a cyber attack could take down the decentralized bitcoin network without bringing down the internet, you money is not worthless. You just can’t use it until the network comes back online. This already happens with the credit card system.

Here’s a good course to learn about bitcoin:

PRDV151: Bitcoin for Everybody

https://learn.saylor.org/course/view.php?id=468

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ascension4humanity 1 point ago +1 / -0

That’s fine. If you want place your bet on using gold and silver to buy gas and groceries, I fully support your right to do so. Good luck finding someone who will sell that to you. Just allow us the same freedom to use bitcoin, and we’re good. We’ll see who wins that bet.

My understanding is that 75% of businesses will support payment in bitcoin in the next 2 years.

https://www.cnbc.com/2022/07/29/deloitte-75-percent-of-retailers-plan-to-accept-crypto-payments-in-2-years.html

Here’s a good course to learn about bitcoin: https://learn.saylor.org/course/view.php?id=468

Bitcoin is our ONLY hope for freeing humanity from the bankers. If you give currency back to the government you condemn your children and grandchildren to slavery.

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VolareVia 1 point ago +1 / -0

I can understand wanting to be free from the bankers, but Bitcoin is absolutely NOT the way to do it.

Bitcoin is not optimized to be traded as if it were a currency for universal adoption, and crypto in general isn't either.

The article linked also says those same retailers intend to convert the money right back into fiat. Which means they're only doing it for people who don't want to use fiat anymore, but that the economy will still run on it.

There are so many problems with Bitcoin, including the many many scams and that it's completely uninsurable, and completely NON PRIVATE (tracing wallet ids to people is really not hard when trading platforms have more info on traders than your average bank would).

There's also a very real pattern of businesses claiming to support implementing bitcoin payments, only to cancel it after a year or so, due to low demand or incredible nuissances that come from accepting it as payment.

Many of these issues are structural and inherent to what crypto IS. It's not a matter of time before they're resolved. They can't be.

Currency began as an invention for merchants to avoid having to barter. Private companies should make physical currencies.

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ascension4humanity 1 point ago +1 / -0

Fren, these are all valid points.

It is rational to be highly skeptical and to point out every single flaw and demand that they all be addressed.

It would be foolish not to.

What I would say to you is the core bitcoin community shares your values and everything is open source.

If you would please consider diving a little deeper, I promise you will see what I am saying is true: https://nakamotoinstitute.org/mempool/the-bullish-case-for-bitcoin/

The more research you do, the more confident you will become that bitcoin is legit.

Re: crypto: crypto is shit. It’s mostly scams. Bitcoin is different. Bitcoin is legit.

Re: Private companies should make currencies. They are. Go to bitrefill.com today and you can convert bitcoin to electronic gift cards for WalMart, Amazon and hundreds of other private companies.

We have already made the switch. If you want to escape hyperinflation, you might want to consider doing the same.

Re: insurability. Your insurance is your choice to keep you 12 keywords and passphrase secret for your wallet. As long as you do, no one can steal your bitcoin.

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VolareVia 2 points ago +2 / -0

I definitely think bitcoin has its place, I just don't think it's a substitute for traditional currency, despite the obvious inevitable destruction of USD.

Personally, I think owning hard assets when hyperinflation hits will be far more important. The last thing you want to do is have a stockpile of bitcoin when hyperinflation hits and it turns out that's not the currency that ends up standardized. WAY too risky IMO to hold bitcoin through the collapse. I want a house, family, preserves, arms, and all the other things the doomsday preppers have been stockpiling for years. If bitcoin isn't the post-collapse currency of choise, you'll regret not taking ownership of the essentials.

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ascension4humanity 1 point ago +1 / -0

Re: holding bitcoin during the collapse. 100% agree. The central banks will do everything in their power to drive down the price of bitcoin. Of course they are doing the same for gold and silver too. But bitcoin is the biggest threat for them. Hard assets are a safer bet to protect your families wealth at the moment.

X22 Report claims that the BRICS countries will begin using bitcoin as an alternative to the swift system at some point. When that happens, I suspect (but am not certain) that the central banks may start having a tougher time controlling the price of competing currencies.

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dontmindme22 1 point ago +1 / -0

I know all about bitcoin, but if the fed reserve goes belly up and all the electricity gets shut off because the $ is dead and every thing else goes belly up then you likely won't be buying groceries or pumping gas is all I am saying, the Gov isnt going to just quit owning you simply because the dollar dies. I think you put too much stock in the "it's all the bankers" theory..

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ascension4humanity 2 points ago +2 / -0

Doomer thinking is a greater threat to us than any government. Our founders didn’t ask permission to be independent from the tyrants. They declared their independence. We’re not asking permission from tyrants to use our own currency. We’re declaring our right to do so. We’re going to win. They are going to lose. Please join us.

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dontmindme22 2 points ago +2 / -0

I guess your right, I wouldn't want to be a doomer. thanks.

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Mungo 2 points ago +3 / -1

Gold backed!!!

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ascension4humanity 1 point ago +1 / -0

Let the people choose. If Bitcoin is legal currency, nobody in their right fucking mind would ever trust government again with a gold backed currency. Bitcoin and only Bitcoin will snap the spine of the Rothschilds, bankrupt the deep state, end the wars and free the world from tyranny.

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magayd45 1 point ago +1 / -0

jack poso is mossad

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mikethemarine 1 point ago +1 / -0

I don't think this is far off, but I think it is one of the reasons the civil war started

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libertyhominid 1 point ago +1 / -0

How about people in power doing a single fucking tangible thing instead of pie in the sky fantasy nonsense.

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MostBannedPatriot 0 points ago +4 / -4

Bannon said it?

What does it even mean tho?

We don't need drastic changes. We just need to have some common sense like before.

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anatidaephobia 6 points ago +6 / -0

Simply put, and right now it's perfectly accurate. Every time you use federal reserve currency, such as the USD, doesn't matter if it's cash or a bank account. you pay 10% every year to the big guy as an additions tax due to inflation. This affect everything you hold, all your savings.

Not only that, they can easily surveil everything you do, tax you more and seize everything you own.

Ironically the solution is simple, basically bartering, trade goods and services directly. It's tax free. And if pure bartering is a bit too unpractical for you, simply include a medium of exchange, gold and silver coins has been a popular favorite for over thousands of years.

Just make sure it's physical gold and not those fake paper certificates which says you own gold in Rothschilds vault, which you'll get ripped off of through more inflation.

But hey, what if you need to do a digital transaction, like a online purchase or transfer money to your family or frens in another country. Maybe you just wanna buy something the government doesn't want you to buy. Well there's an elegant solution for that too, which is Bitcoin. And if that's not private or fast enough, you'll have Monero.

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ascension4humanity 1 point ago +1 / -0

The “common sense” of the prey is what allowed the Rothschilds to destroy our world. What we need right now is some deep fucking humility to see the truth of how we allowed them to screw us.

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ghost_of_aswartz 0 points ago +1 / -1

He should have said "i have come to abolish the federal reserve and chew bubble gum and I am all out of bubble gum"

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deleted -1 points ago +1 / -2