RE: Crypto bill
August 12, 2021 at 5:36 pm
(This post was last modified: August 12, 2021 at 5:39 pm by WinterHold.)
(August 12, 2021 at 1:49 pm)Spongebob Wrote:I'm not discussing the definition of money, or philosophical matters.(August 12, 2021 at 1:23 pm)WinterHold Wrote: You're speaking about the "exchange rate"; of course "exchange rates" float relative to the desired currency.
You see? it's all relative to the marchent.
Crypto currencies can only be mined by economically capable people who were gifted with "electricity". A dark world will never be able to produce a single crypto coin.
Bank money has no "real backing" also. Or did you forget 2008 ? BTW that cycle will turn and turn, and the next fall will be harder.
As for the Rightist "Le Pen"; she can go to Trump; I wish the American Deep State kicks their asses in the next fight.
Money (of any kind) has value only because people accept that is does and that it remains somewhat limited in supply, meaning you can't grow a money tree.
Moving on:
Quote:Dollar bills could only be printed by a civilization gifted with printing technology. Shillings could only be minted by a civilization gifted with metallurgy. So what's your point? Crypto currency is an electronic form of currency and it is no different than dollars or Yen with one single exception, they are not based or managed by any government. It's not even the first electronic form of money for Christsakes. Dollars and Rubles can be electonic, too. Has been for years.
Paper money = bonds for exchanging it with the commodities it backs; you know that; right?
In a nutshell: you have 20 Dollars. Technically you should go to the bank and exchange it with "real gold", actually money was that all across history, until Nixon changed the rules and banned the exchange of money with gold, and the age of Petrodollar began.
Read here:
https://en.wikipedia.org/wiki/Nixon_shock#Background
America stole the world's gold under Nixon and gave you toilet paper instead. The Dollar is a currency you exchange for American protection and American standards; but America is falling now.
Crypto is the new free evolution, let America have all the gold it wants; computers and electricity are the new commodity. You will understand it after its too late with this mentality.
If Biden have brains; he will know the sinful history his empire followed and compensate for it by demolishing banks.
