Trump backs Bitcoin as defense against foreign adversaries, centralized digital currency
Former President Donald Trump called Bitcoin a key route to energy dominance, as well as the "last line of defense" against a centralized digital currency controlled by the U.S. government.www.foxbusiness.com
Or stocks/index funds. Index funds hedge against the dollar going to zero since they are real assets that represent part ownership of a company.I would suggest those that can't afford Gold or Bitcoin to start buying food and ammo. Harder times seem inevitable at this point.
Saudi Arabia's petro-dollar exit: A global finance paradigm shift
Saudi Arabia's decision to end its 50-year petro-dollar deal signals a shift in global finance, with implications for currency and digital transactions...www.bizcommunity.com
The financial world is bracing for a significant upheaval following Saudi Arabia's decision not to renew its 50-year petro-dollar deal with the United States, which expired on Sunday, 9 June, 2024.
I mean like what I said. Bitcoin is a scam fiat currency with no inherent value that is only backed by the next greatest fool.
Lots of Americans living paycheck to paycheck right now. I would recommend they look into water filters, long term food storage, guns, and ammo first. For starters. Or prepare to go ask FEMA for an MRE if the Economy crashes.
May sound bad but people living paycheck to paycheck and in debt are probably living above their means . Sad part is most living paycheck to paycheck makes more than me. I know some don't make enough to manage and still do ok .
a scam fiat currency? you don't even know what the word you use mean
What is backing bitcoin?
the strongest computer network in the world
you thought we were joking when we say "Bitcoin fixes this"?Please save us Bitcoin.
How do you know it's not government issued since nobody can definitively say who created it? It may well have been the government. But that doesn't really matter as it definitely meets the worst part of that definition.
He asked about what backs it, not about how it wastes massive amounts of energy for NOTHING.
Here's what you need to know about the postmodern Ponzi scheme known as "bitcoin"....
I invest when and what I can , I'm far from rich . Nothing about bitcoin seems tangible to me , nothing about bitcoin makes me feel any better than a old fashion greenback . Since I'm not in charge of the strongest computer network and it can be shut down in war and I can't use any of its energy how does it help me besides being able to trade it for gold ?
Bitcoin is a new monetary base layer ..... bitcoin was created in high tech .....what fixes the problem is going back to a tangible base ,gold , and kill the federal printing machine not made up monopoly coin .
because bitcoin isnt issued its mined
github.com
It can't get shut down it is decentralized, it gets knocked out in one country every other country can still mine bitcoin and run nodes, see El Salvador.
So, machines dig in the earth and get bitcoin?because bitcoin isnt issued its mined
Here is how it works
Here is the code
GitHub - bitcoin/bitcoin: Bitcoin Core integration/staging tree
Bitcoin Core integration/staging tree. Contribute to bitcoin/bitcoin development by creating an account on GitHub.
Running bitcoin uses less energy than running the fiat money infrastructure. Imagine how much less energy would be wasted if governments could pay for wars with money printers. Also I don't think you know anything about energy generation. We need to stop wasting it. The reason 3rd world countries are u underdeveloped is because they can't build energy generators with no way to monetize it before a city is built up around it.
How Much Primary Energy Is Wasted Before Consumers See Value from Electricity? - Enerdynamics
How much of the primary energy that goes into creating electricity actual provides useful work to us as consumers? According to the EIA, 66% of the primary energy used to create electricity is wasted by the time the electricity arrives at the customer meter. So where does the wasted energy go?www.enerdynamics.com
So, machines dig in the earth and get bitcoin?
Please though, will you computer guys stop calling it "mining". That is an insult to every person who actually MINED something.
You're dumb! I've mined both. If you feel insulted get out of your feelings and get some thicker skin. Im not responsible for your feelings getting hurt.
If you are behind a computer, you are not "mining" anything buddy. Call it something else........how about "fake"?
What can it do besides replace the greenback? How can it help what killing the fed couldn't do ? How is it better than gold ? How can a average blue collar guy like myself use it if government was to collapse and we didn't have a gold standard? What is it worth as a stand alone object? Is it a actual object at all?
How do you trade with another country using gold?
So after all that if we went back to the gold standard and only had paper money equal to the amount of gold we have life would be good . Gold being of use bitcoin not so much . Bitcoin is just another way of trading gold value. Bitcoin has no value in itself. Gold can be traded with out the need of millions in computers.... I got ya reinventing the wheel....
