Posted on 03/11/2024 12:28:09 PM PDT by EnderWiggin1970
It is all a trap. Invest wealth into bit coin and the Cia shuts it down and takes your wealth.
I have yet another dumb question.
If the power goes out can you still spend bitcoin?
Could happen, but FDR seized physical gold during the depression so not to sure how solid bitcoin will be if things go south.
Yeah...I don’t see Bitcoin as a way to protect your wealth from confiscation.
The Bitcoin system is decentralized and designed to be impervious to attempts to control it by the government or anyone else. People who talk about the CIA etc. shutting it down are blathering nonsense and don’t understand how it works. Keep in mind when it started there was a full expectation that governments would someday ban it. Now it is too big to ban anyway. There will be too many Wall Street tycoons, and elite bureaucrats and politicians who are using it as a life raft as they paddle away from the sinking USS Dollar.
Yes...you can still use Bitcoin when the power goes out.
Its actually very straightforward...
Its explained here:
https://dumbanddumber.fandom.com/wiki/IOUS
I know there are people who’ve made money on crypto but I know someone else who had their wallet stolen. I wouldn’t get near it.
I think stabilizing your finances then stocking up on a combination of guns, ammo, long shelf life foodstuffs and alcohol to trade is a better bet.
I know there are people who imagine the power going off for all time and hoarding their gold and silver for such a possibility. Most of those folks will die anyway, sitting with their guns and ammo and precious metals in a bunker, because what you will really need in that scenario are Amish farming skills.
The much more likely future scenario is not apocalypse with no one using 19th century tech to keep the lights on, but simply the obvious financial collapse we can all see coming.
Create a Bitcoin wallet, put your bitcoin in it, capture the encryption keys and hide them where nobody will find them.
No, but if you have it on a private wallet, instead of a public, SEC-regulated exchange like Coinbase, you can carry it around with you on a thumb drive and when in a safe location, prove your holdings to anyone on Earth. The CIA cannot touch this.
I can’t figure why Bitcoin would retain it’s value if the dollar collapses—— what would any vendor do with a Bitcoin after collapse? What would be the value of the the Bitcoin? Who would exchange it, and for what?
The actual name of the original developer of bitcoin is still being kept secret. If anything reeks of a scam, or trojan horse, it’s something that would keep that secret, to avoid all liability, and all knowledge of who is actually behind it.
Seem legit.
The value of bitcoin is in no way dependent on the US dollar.
That’s the plan. No plan survives contact with reality.
Oh nonsense. Bitcoin is open source, so the identity of the developer is completely irrelevant. Just review the code yourself like thousands of other people if you think there are any backdoors in it. There are not.
How convenient.
I personally know someone who’s been trapped into this bitcoin Ponzi scheme by a social media scammer and we’ve all warned him.
This scaremongering is expected, but just pathetic.
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