Submitted 2 years ago by kiwiheretic@wolfballs.com to freeforum@wolfballs.com
I was just wondering because of the new powers under the emergency act for Trudeau to freeze bank accounts without a court order.
Shrug https://bitbuy.ca/en/buy-bitcoin
I mean, buttcon flopped down the other day, and it diesn't look like there's much energy to drive it up, what with all the actual and latent growth in commodities.
It's got a region blocker. I would need a VPN^___^
Bear in mind that coindesk is associated with the WEF Bitcoin isn't the crypto you want.
https://www.coindesk.com/tag/wef/
https://www.coindesk.com/markets/2021/06/08/world-economic-forum-hopes-to-explain-defi-for-regulators-with-white-paper/
https://telemetr.io/en/channels/1196988334-moneroeconomicforum
Monero will hard fork by 2024 into a next gen version. I will buy some, and also some silver, along with gold.
Saylor-Schiff Ratio
https://m.youtube.com/watch?v=uZAKA3GOYZM
Buttcoin is low interest rate sucker game, not a hedge.
sj_zero@lotide.fbxl.net 2 years ago
Probably not.
Cryptos don't necessarily help in day to day life. You can't pay your mortgage, you can't buy food, you can't pay bills, so all you're doing for most things is using a highly regulated middle-man to convert your dollars from your bank to your wallet and later from your wallet to dollars in your bank.
Best thing is likely to either spend the money on stuff they can't take away or take as much money you can as physical cash.
goldenballs@wolfballs.com 2 years ago
Yeah i mean, i think crypto is a useful innovation, and a lottery win for some, but objectively, the value is in what you can convert it into, rarher than the thing itself. Crypto is a useful transportation system for value, especially when its anonymised. The lightning network kind of is analogous to silver, as the day to day medium of exchange, with gold as more often the store of value, but crypto doesn't behave like gold.
Further down the line may be Quantum Crypto coins encoded in physical thin film of precious metal to safeguard blockchain security, and there has to ve anonymity to protect agains cyrptofacist cyborg cult regimes like in Canada.
https://engineering.stanford.edu/magazine/article/engineers-invent-way-store-data-without-using-silicon-chips
Bitcoin will be like Acetate LPs or Betamax tape.
What needs to happen is for businesses to be able to opt out of (e.g.:) CAD$ fiat completely, with no interfacing with the regime. So they need to be able to pay utility bills that way at least, or have a bulletproof way of converting into regime fiat to operate within whatever Woke Caliphate they are in.
sj_zero@lotide.fbxl.net 2 years ago
Give it about 2 years. I don't think crypto pans out the way people think it does.