It's a unit of trade that devalues itself over time to the producer.
It's also a form of trade where your transaction is never guaranteed to be mined - without you throwing in "something sweet" to get it in a block.
It's slow - in terms of how many transactions it can handle in a second.
It's inflationary - (see devaluation above)
It's a way for people who know nothing about economics to play craps.
You've got a great friend there!
I've been learning about this over the past year, and concur. I've said as much and a lot more in FR postings.
BTC is a Deep State Cabal faux-currency used for money laundering and trafficking (arms/drugs/humans). The fact that many good and honest people also use it is by design of the creators, to give it a palatable veneer as their cover.
I believe it's days are very numbered - months? weeks? maybe even days. It will come down, along with the Deep State that controls it. NESARA/QFS is sitting on the sidelines now for our recovery from the resulting financial shock.
Satoshi Nakamoto Dossier Reveals CIA Ponzi Scheme
I am sharing this because I purchased a bit and a friend sent me a vid explaining what it really is. the domain spoken of in this vid re crypto currency is .io, apparently in on Diego Garcia and run by CIA
The REAL Creator of Bitcoin ,, Excellent vid below. – Philip J. Venables
This week we reported on “The Reveal” that was released by Ivy McLemore, a sophomoric website claiming that Bitcoin was started by a man named James Bilal Kahil Caan. We called a PROPAGANDA ALERT and informed our audience that this is just more CIA disinformation to cover-up their global Ponzi crypto scheme and hide the actual creators of Bitcoin.
Satoshi Nakamoto Dossier Reveals CIA Ponzi Scheme
Philip J. Venables was a Goldman Sachs advisor to Barack Obama in 2016 (while he was simultaneously applying for a Bitcoin/Cryptocoin PATENT at the USPTO The Real Satoshi Nakamoto is Philip J. Venables
The bogus confessions of operatives claiming to have created Bitcoin seem to be diversions to keep attention away from the real bitcoin creators and owners – Goldman Sachs and Philip J. Venables, a member of the Highlands Group (1995), and a member of Obama’s Commission on Enhancing Cybersecurity (2016).
Executive Order 13718. (Feb. 09, 2016). Commission on Enhancing National Cybersecurity. Barack Obama. The White House. Federal Register, Vol. 81, No. 29, Feb. 12, 2016. GPO.
The REAL Creator of Bitcoin
The REAL Creator of Bitcoin – Philip J. Venables
vid below.
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So don’t buy it.
It’s pretty simple.
Math ,LOL
Those three in the video are about the most uneducated I have heard about BTC and crypto. They made claims that were not only incorrect, but the first I have ever heard of, and just silly.
Really? The CIA made crypto? On Diego Garcia?
And if the electricity goes out then there is no more bitcoin? It would have to be the whole world with no more electricity at all, ever, because if one node was left and there was electricity to re-power the internet the blockchain would be back up and running. There are thousands of miners in countries all over the world. Perhaps if there were an 1859 Carrington event sort of situation, that might be possible, but if I can think that then those billion dollar mining companies will have thought through the need and tech to essentially put a faraday cage around a copy of the block chain.
Security? A back door, making it possible to steal bitcoin off the blockchain? I HIGHLY doubt these digital geniuses understand the intricacies of 256 Hash rate algorithm. That is like national security level of cryptography, but then again if the CIA was the designer of bitcoin then they MUST be right... (Sarc)
That right there should have been to close the page, but it went on with other wild accusations that, well if they are right then the world is over anyway. What a waste of my time chasing idiots who clearly have no knowledge, but if it can help someone who would be misled from the truth then maybe it was worth it.
These three yahoos are ignorant of the subject entirely, and I don’t mean that as an insult, but fact.
I am running a full BTC node...I guess I am CIA then?!?! Where is my government paycheck!!!!! (P.S. I don’t live on Diego Garcia).
bump