Politics Bitcoin will consume all world debt

[mrherman]

If you want normal people to understand what you're writing, can I suggest dropping the acronyms and using plain English?

I know what BRICs is, but have no idea what XRP or CBDC are.

CBDC central bank digital currencies

Retail CBDC

www.rba.gov.au

XRP ripple

XRP is a cryptocurrency created in 2012 as the native token of the XRP Ledger, an open-source blockchain designed to facilitate fast and cost-effective international financial transactions. It is used primarily for peer-to-peer payments and as a bridge

 

[DaTBird187]

I only ever get these vibes when a thread like this is created or bumped.

 

[craffles]

The only people I know with significant money in crypto are either degenerate gamblers or RWNJ’s. That tells me all I need to know.

 

[mrherman]

The only people I know with significant money in crypto are either degenerate gamblers or RWNJ’s. That tells me all I need to know.

instead of looking at the world as a or b RWNJ VS LWNJ as they are both NJs
crypto has mostly left leaning people in it wanting there finances away from the current corporate corupt system

the current banking system is slow and expensive to send money to the next door neighbour let alone across the world.
the block chain allows this to be done instantly or with in minutes depending on the network you use for a fraction of the price

 

[craffles]

instead of looking at the world as a or b RWNJ VS LWNJ as they are both NJs
crypto has mostly left leaning people in it wanting there finances away from the current corporate corupt system

the current banking system is slow and expensive to send money to the next door neighbour let alone across the world.
the block chain allows this to be done instantly or with in minutes depending on the network you use for a fraction of the price

The people I know that own it are RWNJ’s, that doesn’t mean that LWNJ crypto owners don’t exist but that’s my experience.

 

[CM86]

instead of looking at the world as a or b RWNJ VS LWNJ as they are both NJs
crypto has mostly left leaning people in it wanting there finances away from the current corporate corupt system

the current banking system is slow and expensive to send money to the next door neighbour let alone across the world.
the block chain allows this to be done instantly or with in minutes depending on the network you use for a fraction of the price

But you have that reaction because you're a centrist, and just want common sense to prevail, right?

 

[mrherman]

But you have that reaction because you're a centrist, and just want common sense to prevail, right?

no! just read some history books and autobiography of some dictators understand the social engineering of society works
both sides have good and pad points. aside from that

the world has changed since the 70s and become more globalised some 60/70% of the world trade is done in the USD called the petro dollar as it was seen as the world currency meaning countries had to buy USD to globally transact, china is now a super power and dominate world trade alone with many up and coming countries. the RBA, European union and many others have made mention or trialed digital money CBDCs the blockchain networks and tokens will play apart of having assets and money digitalised. its not a conspiricy or left or right thing, its technology and the progression of it

Central Bank Digital Currency

www.rba.gov.au

 

[Theseventhhamster]

no! just read some history books

Not a single non-picture book in your life.

 

[The Sultan]

still waiting ... i need to rollover my mortgage from those sweet sweet covid rates in a few months. So any change we could get all this debt consumed by then.

 

[Seeds]

instead of looking at the world as a or b RWNJ VS LWNJ as they are both NJs
crypto has mostly left leaning people in it wanting there finances away from the current corporate corupt system

the current banking system is slow and expensive to send money to the next door neighbour let alone across the world.
the block chain allows this to be done instantly or with in minutes depending on the network you use for a fraction of the price

That reasoning is gibberish.

Crypto takes finances away from governments who provide services (health, education, infrastructure, welfare) to poor people. If crypto even became money it would destroy the real wealth of the lower and middle classes. Corrupt selfish narcissist crooks love crytpo. Its why musk and trump love it so much. Crypto also terrible for the environment just to rub salt into the wound.

You cant claim to be left wing if you support crypto. Its just a false statement. Crypto is literally all the worst elements of capitalism with none of the good rolled up into to one. Its absurd to suggest anyone left could support it. If they do then they are no longer left wing. They are just pretending

 

[Seeds]

no! just read some history books and autobiography of some dictators understand the social engineering of society works
both sides have good and pad points. aside from that

the world has changed since the 70s and become more globalised some 60/70% of the world trade is done in the USD called the petro dollar as it was seen as the world currency meaning countries had to buy USD to globally transact, china is now a super power and dominate world trade alone with many up and coming countries. the RBA, European union and many others have made mention or trialed digital money CBDCs the blockchain networks and tokens will play apart of having assets and money digitalised. its not a conspiricy or left or right thing, its technology and the progression of it

Central Bank Digital Currency

www.rba.gov.au

This reserve currency concept is rubbish. You buy the reserve currency to meet contracts and then guess what you do with it? You sell it back into your own currency to buy goods and services at home. Net change in demand for the reserve currency is zero. ZERO! Its a concept that has no value. Only people who dont understand economics thinks it has considerable worth.

 

[mrherman]

This reserve currency concept is rubbish. You buy the reserve currency to meet contracts and then guess what you do with it? You sell it back into your own currency to buy goods and services at home. Net change in demand for the reserve currency is zero. ZERO! Its a concept that has no value. Only people who dont understand economics thinks it has considerable worth.

firstly im with you about that. but when you look at it bitcoin if put to use like the USD dollar has been the reserve currency of the world, its worth it really only its demand as its mostly ledges on a computer to say there is this much in circulation with nothing to back it except the demand and confidence of the users of it.

the main difference is fiat money like the USD governments have a printing press and if you believe the story there is only like 21 million of bitcoin and no more can be mined after that.

its the blockchain technology that is the real thing being developed

 

[evolved2]

The only people I know with significant money in crypto are either degenerate gamblers or RWNJ’s. That tells me all I need to know.

That you'll lose. As an Essendon supporter, you're familiar with losing.

Currency debasement basically guarantees Bitcoin wins. Just a matter of time.

 

[Long Live HFC]

oh no - “currency debasement”! We were all much better off during the Depression when our xurrency units could buy more!

 

[barreness]

Gold buried in the back yard still looking like the better option tbh, flour and chickpeas for me lol

 

[evolved2]

Gold buried in the back yard still looking like the better option tbh, flour and chickpeas for me lol

Don't forget toilet paper.

 

[Carringbush2010]

Gold buried in the back yard still looking like the better option tbh, flour and chickpeas for me lol

Yep, gold has forever been stable in volatile markets.

Even when was around 900$ an ounce back 2008, investors bought up big time and later on, a couple of years for memory it rallied.

 

[barreness]

Don't forget toilet paper.

I just waddle across to the shower.

If the water goes off we've got bigger problems than a smelly arse