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Bitcoin buying advised as US enters the ‘looting-the-treasury phase’
Coin Telegraph ^ | 3/11/24 | Martin Young

Posted on 03/11/2024 12:28:09 PM PDT by EnderWiggin1970

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1 posted on 03/11/2024 12:28:09 PM PDT by EnderWiggin1970
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To: EnderWiggin1970

It is all a trap. Invest wealth into bit coin and the Cia shuts it down and takes your wealth.


2 posted on 03/11/2024 12:29:07 PM PDT by Jonty30 (I may not know as much american history and law as I like, but I know more than most liberals.)
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To: EnderWiggin1970

I have yet another dumb question.

If the power goes out can you still spend bitcoin?


3 posted on 03/11/2024 12:33:50 PM PDT by BenLurkin (The above is not a statement of fact. It is either opinion, or satire, or both.)
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To: EnderWiggin1970
Not sure how bit coin is going to be the answer to our monetary problems or a safe harbor to put money.

Could happen, but FDR seized physical gold during the depression so not to sure how solid bitcoin will be if things go south.

4 posted on 03/11/2024 12:34:49 PM PDT by rdcbn1
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To: EnderWiggin1970

Yeah...I don’t see Bitcoin as a way to protect your wealth from confiscation.


5 posted on 03/11/2024 12:38:48 PM PDT by suasponte137
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To: rdcbn1

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.


6 posted on 03/11/2024 12:38:53 PM PDT by EnderWiggin1970
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To: BenLurkin

Yes...you can still use Bitcoin when the power goes out.

Its actually very straightforward...

Its explained here:

https://dumbanddumber.fandom.com/wiki/IOUS


7 posted on 03/11/2024 12:41:25 PM PDT by suasponte137
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To: EnderWiggin1970

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.


8 posted on 03/11/2024 12:41:37 PM PDT by Lucky2 (I identify as a Fed-Up heterosexual female.)
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To: suasponte137

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.


9 posted on 03/11/2024 12:42:25 PM PDT by desertsolitaire
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To: BenLurkin
Technically you could mail a postcard to someone with a bitcoin TX hand-written on it.

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.

10 posted on 03/11/2024 12:42:40 PM PDT by EnderWiggin1970
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To: suasponte137
Yeah...I don’t see Bitcoin as a way to protect your wealth from confiscation.

Create a Bitcoin wallet, put your bitcoin in it, capture the encryption keys and hide them where nobody will find them.

11 posted on 03/11/2024 12:42:47 PM PDT by E. Pluribus Unum (The worst thing about censorship is █████ ██ ████ ████████ █ ███████ ████. FJB.)
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To: BenLurkin
If the power goes out can you still spend bitcoin?

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.

12 posted on 03/11/2024 12:45:22 PM PDT by montag813
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To: EnderWiggin1970

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?


13 posted on 03/11/2024 12:45:44 PM PDT by dgbrown
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To: EnderWiggin1970
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.

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.

14 posted on 03/11/2024 12:46:20 PM PDT by Golden Eagle (It is far easier to fool someone, than to convince them that they've been fooled. )
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Comment #15 Removed by Moderator

To: EnderWiggin1970
crypto influencers on X

Seem legit.

16 posted on 03/11/2024 12:49:27 PM PDT by Fido969
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To: dgbrown
Do you imagine every other currency in the world will vanish if the dollar collapses? I've bought dozens of things with bitcoin. If/when the dollar collapses then you just buy everything with bitcoin, or anything else that holds value.

The value of bitcoin is in no way dependent on the US dollar.

17 posted on 03/11/2024 12:53:28 PM PDT by EnderWiggin1970
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To: EnderWiggin1970

That’s the plan. No plan survives contact with reality.


18 posted on 03/11/2024 12:54:13 PM PDT by rdcbn1
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To: Golden Eagle

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.


19 posted on 03/11/2024 12:54:44 PM PDT by EnderWiggin1970
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To: EnderWiggin1970

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.


20 posted on 03/11/2024 12:54:49 PM PDT by logi_cal869 (-cynicus the "concern troll" a/o 10/03/2018 /!i!! &@$%&*(@ -)
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