Posted on 12/24/2021 10:17:58 PM PST by ProfessorGoldiloxx
"Former Trump Chief Strategist Steve Bannon and strategist and campaign advisor Boris Epshteyn have reportedly both invested heavily in $FJB, the 'Let's go Brandon' cryptocurrency.
Former Trump Chief Strategist Steve Bannon and campaign advisor Boris Epshteyn have reportedly both invested heavily in $FJB, the so-called "Let's go Brandon" cryptocurrency.
"Steve Bannon & Boris Epshteyn have taken strategic ownership positions in the $FJB cryptocurrency. 'We are building a community you can be a part of.' This is HUGE," tweeted founding member of "Students for Trump" Ryan Fournier on Thursday. ..."
(Excerpt) Read more at thepostmillennial.com ...
My only real problem with crypto is that if the power ever goes out (like for good) your ‘wealth’ is locked on hard drives.
Yeah, that's not the ONLY real problem with crypto. Steve Bannon is about to prove that. Just watch.
I think you’re right, personally I would not go anywhere near that cryptocurrency anytime soon
Your 401k, IRA and your savings account are exactly the same. However with Crypto you can easily protect from this problem with a hardware wallet like Ledger.
I think we are soon to see more reasons to shun cryptocurrencies. You are right. Not good. Remember the people who solicited donations for Tea Party causes (they are still) and syphoned some or all for personal use? Temptation is there, it will happen.
My suggestion would be to just take a couple hundred bucks or even less and buy a little Bitcoin. Take a look at what Michael Saylor has to say about Bitcoin. He is the CEO of Microstrategy. Worst case you lose some chump change but the upside is tremendous. Crypto is almost certainly here to stay and we are still on the ground floor.
I’m not a financial advisor, I’m just giving my opinion.
Do yourself a favor. Take some spare change and buy some Bitcoin. If it goes to zero you will at least know you were right and you did not miss out but if you are wrong and I think you are, you will be glad you did.
Do you know how to buy Bitcoin?
Cryto fan boy hobbyists are supposedly all in because the FED is printing dollars but anyone can PRINT SOME STUPID COIN like this one and thats no problem. Cognitive dissonance on steroids.
“Crypto is almost certainly here to stay”
That is true but bitcoin will go to zero. Think of it as AOL when the internet tookoff. The professionally designed coins will be the ones in widescale use.
So many smart people here on FR.
Powering the cryptocurrencies is blockchain technology.
If blockchain technology was used in elections and specifically in the last presidential election, Donald Trump would still be president.
It is extremely difficult to commit fraud using blockchain. I am not saying passwords to accounts don’t get stolen or hacked and assets get taken. I am saying when you do a transaction in crypto using blockchain technology, fraud is basically not possible.
Every transaction is verified and confirmed by hundreds of decentralized computers, that could even be your computer if you participate in the network. Each transaction is documented as verified and if there is any question on validity, they can check the entire history of the transaction on those computers. If one computer says one thing and 99 computers say the other thing, the hacked computer gets overruled. Not a perfect example, but the basics of it.
So, is it easier to hack on computer at a time or hundreds at a time?
I have no opinion on Bannon and this particular coin. I just think some people need to get a better understanding of what blockchain is(including me) before sh!tting on it all.
Not an expert and probably used some wrong terminology and not financial advice.
“... take a couple hundred bucks or even less and buy a little Bitcoin.”
Did you mean a super tiny Bitcoin ?
Like the Dutch tulip craze, crypto will crash and burn because at the end of the day it’s only ones and zeros uniquely arranged in electronic ether and powered by irrational exuberance.
crypto’s verry structure makes it dangerous to anyone that wants anility when it comes to their finances....A ledger is kept within the currency of all transactions...where the currency changes hands.
It is an ETH token...gonna pick some up for “moonshot speculation” purposes (stick with BTC & ETH for investment purposes):
https://nomics.com/assets/lgb2-lets-go-brandon
and their website: https://www.lgbcoin.io
All currency is about to be replaced by a United Nations cryptocurrency so they can control everything you do.
That’s why they are destroying the US dollar.
And no other cryptocurrencies will be allowed.
The Internet kill switch says so.
If the entire web is down, no transactions can be made because no miners to approve them so that hardware wallet is useless. Of course the entire banking system would be down too. That’s when you’re going to have to have cash and hope that people take cash. Else you better have something to barter. Gold, silver, lead & brass, food, water.
And the internet and the electric grid will go down.
It's just a matter of time.
Time to step away from the punch bowl.
Same with your stocks and bonds, if the power goes out for good.
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