Globalists go after Bitcoin, gotta get taxes for the welfare queens.

[chirParticipant]

Was only a matter of time.

Another source told CNBC that criminals have backed away from using the digital currency as bitcoin transactions have become much easier for authorities to trace. Earlier this month, the IRS announced that it had developed, with the help of bitcoin security firm Chainalysis, a tool to unmask the owners of bitcoin wallets.

I still have 2 bitcoins I purchased in 2012. I use them for VPN service purchases and also earn fractional bitcoin here and there doing odds and ends. I knew that as long as people have a public part of their blockchain and exchanges to convert to fiat that the Globalists would eventually get their hand up the blockchains ass to grope for money.

However the only way they can really track you is when you convert bitcoin to fiat. If you don’t convert to fiat or if you trade bitcoin for tangibles then they can’t track you. Fiat is the key to tracking you.

Eventually everything will go to blockchain but when it does it will be firmly under the world banking industries controls.

Stay ghosty fellow MGTOW.

It is by caffeine alone I set my mind in motion, it is by the beans of Java that thoughts acquire speed, the hands acquire shaking, the shaking becomes a warning; it is by caffeine alone I set my mind in motion.

[Anonymous 42]

They sure don’t like privacy and need to know all your business when they can’t keep their own house in order, that’s the ways of any tyrannical system when you look under the facade.

We’ve entered the time and place where their hurt far outweighs their help, therefore these institutions of government should be ended.

[CarnageParticipant 22113]

Chir i didn’t get that… if you Change to fiat or use bitcoin to buy stuff you get tracked… then what’s the utility of bitcoin to normal folks?

As I said once that s~~~ is useless, it’s only for rich people who wanna move millions fron A to B with no one knowing.

Most of the people defending the “bitcoin tecnology ” value are common jerks who think they know s~~~ and are trying to make an easy buc.

F~~~ it, I stay on gold, I don’t know what’s a bitcoin, don’t know where it come from, don’t know how it works, and don’t know where it is… to believe in something invisible and totally unknown that’s what I call “religion” and we all know what happens with religious organizations.

To those following me, be careful, I just farted. Men those beans are killers.

[CarnageParticipant 22113]

Does any of you really know what is a bitcoin?

How it works?

Where it came from?

Why it has value?

Who back it up?

To those following me, be careful, I just farted. Men those beans are killers.

[IRuleMeParticipant]

Carnage wrote:

Does any of you really know what is a bitcoin?

How it works?

Where it came from?

Why it has value?

Who back it up?

It was farmed on computers. It’s value is artificially inflated. In the end it’s going to turn out to be as reliable as fiat currency.

[Biggvs_DickvsParticipant 3725]

Carnage wrote:

Does any of you really know what is a bitcoin?

How it works?

Where it came from?

Why it has value?

Who back it up?

I can help with that. In the end, it isn’t much different than federal reserve notes. They don’t have any intrinsic value, except as a firestarter, and a poor one at that.

The are not backed by gold.

The Fed is privately owned and operated, so it’s NOT backed by the US government(Per se)

Federal reserve notes only have value becuase other people are ready and willing to give you goods and servers in exchange for them.

So it is with bitcoin. There are any number of legit exchanges/banks/businesses that will give real actual federal reserve notes, gold, or services for any bitcoin you have.

The reasons that bitcoin is attractive and interesting is that nobody can simply create more of them from thin air like the federal reserve does. Every. Single. Day.

They have to be discovered through monumentally difficult and arduous computational processes. So it keeps the supply relatively in check, thus preventing inflation / loss of value.

This incredible difficulty in finding them also insures that they can’t be duplicated at will (counterfeited).

I know that’s how most of the money has been moved out of China and into the US real estate market for green card purposes.

I’m still getting my head around how the whole blockchain thing works for dividing them up and transferring them, so I’ll leave off here.

Suffice it to say though, they’re likely FAR more difficult to counterfeit than physical currency, and I think they can be backed up onto multiple thumb drives for security, yet they are inaccessible to anyone who might steal it if they don’t have the passkey to your bitcoin “wallet.” So as long as your passkey is say 20-30 digits long and somewhat random, even if someone steals your bitcoin, they can’t spend it. If you have a copy of it back in your safe, you still can.

Try that with gold or paper money. 🙂

"Data, I would be delighted to offer any advice I can on understanding women. When I have some, I'll let you know." --Captain Picard,

[CarnageParticipant 22113]

Biggus dickus, men nice to see you.

The hell you been?

Anyway, I have a doubt, who say they can not create more bitcoin? Why? What about the alt coins?…

I ain’t a hound, but I smell bulls~~~.

My 50 cents… bitcoin is just as fiat currency but worst.

Why? 1) doesn’t exist in a phisical way. 2) no one back it up. (It’s bulls~~~, but supposedly the US government backs up dollar). I don’t see one single advantage on bitcoin, fast transactions??? Why Soo hurry?

To those following me, be careful, I just farted. Men those beans are killers.

[Duke TogoParticipant 2664]

Carnage wrote:

Chir i didn’t get that… if you Change to fiat or use bitcoin to buy stuff you get tracked… then what’s the utility of bitcoin to normal folks?

As I said once that s~~~ is useless, it’s only for rich people who wanna move millions fron A to B with no one knowing.

Most of the people defending the “bitcoin tecnology ” value are common jerks who think they know s~~~ and are trying to make an easy buc.

F~~~ it, I stay on gold, I don’t know what’s a bitcoin, don’t know where it come from, don’t know how it works, and don’t know where it is… to believe in something invisible and totally unknown that’s what I call “religion” and we all know what happens with religious organizations.

Carnage wrote:

Does any of you really know what is a bitcoin?

How it works?

Where it came from?

Why it has value?

Who back it up?

IRuleMe wrote:

Carnage wrote:

Does any of you really know what is a bitcoin?

How it works?

Where it came from?

Why it has value?

Who back it up?

It was farmed on computers. It’s value is artificially inflated. In the end it’s going to turn out to be as reliable as fiat currency.

Your cup is full.

[chirParticipant]

Carnage wrote:

Chir i didn’t get that… if you Change to fiat or use bitcoin to buy stuff you get tracked… then what’s the utility of bitcoin to normal folks?

As I said once that s~~~ is useless, it’s only for rich people who wanna move millions fron A to B with no one knowing.

Most of the people defending the “bitcoin tecnology ” value are common jerks who think they know s~~~ and are trying to make an easy buc.

F~~~ it, I stay on gold, I don’t know what’s a bitcoin, don’t know where it come from, don’t know how it works, and don’t know where it is… to believe in something invisible and totally unknown that’s what I call “religion” and we all know what happens with religious organizations.

Well it acts as a unit of exchange. I have done java scripting to earn fractional bitcoin. I program, they give me a fraction of a bitcoin for the work. I then use the bitcoin to pay for online services such as VPN and remote server rental. In a more real world example, I have a friend who f~~~ed up and bought a wrong model SSD drive for his computer. I took it off his hands by transferring the equivalent of the dollar worth of the drive .09 bitcoin to his bitcoin account and he gave me the drive. For that transaction no banker controlled money changed hands. There is no record of it since it was not converted to fiat money.

It is by caffeine alone I set my mind in motion, it is by the beans of Java that thoughts acquire speed, the hands acquire shaking, the shaking becomes a warning; it is by caffeine alone I set my mind in motion.

[chirParticipant]

Carnage wrote:

Does any of you really know what is a bitcoin?

How it works?

Where it came from?

Why it has value?

Who back it up?

I have a good image here showing how it works. Bigg gave a good example of why it has value. (in short it has value because people are willing to exchange goods for it)

This photo was early on but the structure has stayed the same.

It is by caffeine alone I set my mind in motion, it is by the beans of Java that thoughts acquire speed, the hands acquire shaking, the shaking becomes a warning; it is by caffeine alone I set my mind in motion.

[Faust For ScienceParticipant 22521]

I am against crypto-curriences because all it requires is someone to pull the plug to the electrical grid and the only ones with money are the banks and government.

[AttonParticipant]

Bitcoin has competitors like to see the irs deal with them.

A MGTOW is a man who is not a woman's bitch!

[Oz-BlokeParticipant 3233]

Most money nowadays is zeros and ones on a computer server somewhere anyway, but it’s no surprise government seek to tax everything to keep the Vagina Monetization Scam (VMS) going. Every system has a breaking point though, the hive’s female welfare system included.

#ManOut

[bigboy83Participant 11312]

And silver has been around for 5,000 yrs.

No worries.

Shit Tested, Cunt Approved.

[Author]

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