Loading ...The future of finance
You will not need one of the NWO “vaccine cards” to use crypto as a source of finance for spending.
The planned CBDCs (Central Bank Digital Currencies) will NOT be crypto on a blockchain. They will be a digital wallet with the central bank, who will have total visibility and control over your money. Paper Cash money will be phased out.
If the intent of the (one world) government is to exert maximum control over its citizens, what makes you think the all forms of money, to include crypto currencies, won’t be outlawed when the government comes out with their own (trackable) digital currency. Anyone caught trying to buy or sell or transfer other currencies would suffer the consequences. With the enormous computing power the government has, these would not be usable even on the black market.
Its impossible to kill it, as there is no kill switch, no central authority to deal with.
Bitcoin should have a billion users globally soon, with Paypal and Visa getting involved.
How would there be any common sense to buying a home for example when bitcoin fluctuates so much. It would HAVE to be controlled. Grandma selling her house and does not know how to log into stockcharts will get raked over the coals. And if you really think the gov’t will let you trade it and not pay tax is just dreaming. Look what they have done to canamex and the tokens, totally kicked out of their system and MY pocketbook suffers to this pipe dream.
Agreed Highroller. Per Investopedia:
Currency
A reasonably stable currency is essential to a healthy economy. A nation’s money must be a credible store of value in order for its citizens to engage in labor and trade, save money, and spend it. A monetary unit that serves poorly as a store of value destroys all incentive to save or even earn, and reduces the ability to trade.
I personally would certainly not want to put anything but speculative money into Bitcoin, with swings both up and down over the past decade of over 90%.
Of course there is a kill switch. If the gov’t decides it doesn’t want bitcoin or any other crypto competing with their FEDcoin all they have to do is make it illegal to deal with them. Paypal, Visa etc are not going to fight the gov’t over bitcoin, they will just work with the gov’ts approved crypto, FEDcoin. It’s no different than money laundering rules or sanctions on nations like N. Korea or Iran. If the gov’t says you can’t do business with them than no financial intermediary is going to jeopardize their business by dealing with them.
Spock – not trying to be argumentative, but trying to understand as I am a crypto-idiot. The government shut down the silk road and teenagers have hacked into accounts and stolen cryptos before. Couldn’t the government just outlaw all cryptocurrencies (except their own, of course) and then monitor for activity and take what is traded from all parties? If it happens on the internet, the government has access to it even if they don’t know who it belongs to, right?
Bitcoin wallets are impossible to hack, unless the hacker gets the private key. So in all cases, the wallet holder stored their private key insecurely. Exchange wallets have been hacked, but its getting harder and harder, so the rule is to not hold crypto in an exchange wallet.
The government issued digital money coming is not crypto. Its not on a blockchain and not decentralized. Apples and oranges.
The governments are not going to ban something used by a billion people. Otherwise they risk losing any faith of what is left in their fiat money scam.
Got it. Thanks.
Governments have been able to ban billions of people leaving their house in the last few months, so not so sure they would care too much about upsetting bitcoin holders. What they gonna do? Refuse to use the only ‘legal’ currency to buy stuff? Non bitcoin holders (the large majority) will probably just say ‘served you right, you idiot speculator’ and laugh. There would be a lot of schadenfreude going around, even without a government psyops demonising cryptos as non-patriotic at best and treasonous at worst.