Once again, you are putting your faith in something created by man. So someone else is holding your coins. Oh, but it’s in my wallet that is online and I have access to it any time. What about when the internet is down. Who created the internet? I choose to put my faith in the universe. And it’s not just the Biden admin. The problems arise when one gives up being a sovereign being. Any government is a control over the people.
I have not given up being a sovereign being. What gave you that idea?
Do you live off the grid? Do you own your own land, grow your own food, have a well for water? Do you make your own clothes, build your own shelter, craft your own furniture? If so, good for you.
If not, you depend on a medium of exchange to purchase necessities just like the rest of us. Today most people rely on credit cards, which won't function if the grid is down. No one can buy from Amazon if the internet it down. So your point is basically meaningless.
What I am saying is we have a choice. Central bank digital slavery, or a decentralized medium of exchange. One represents slavery, the other freedom. We will be choosing soon. Which one will you choose?
Where in my statements did I accuse you of anything? Sovereignty has nothing to do with owning a thing. Sovereignty has to do with knowing where your authority comes from and not allowing others to tell you what to do. I think you did not like the thought of not having access to your coins if the internet goes down. I also did not tell you not to invest in them, I merely was stating some facts.
I only pointed out that if the internet goes down, it affects more than Bitcoin. So to single it out as being pertinent to a discussion about financial freedom is a non starter. A naive statement.
The question for you is, do you plan to accept central bank digital slavery, or would you rather a currency that you own personally. What is your plan if you have even thought of one?
I think it is you that lacks education. And you don't appear to have a plan, so you will accepr CBDC. What choice do you have if you have no plan? No choice but to take what is offered.
Hi Duane. Bitcoin is mined into existence. A Bitcoin would cost nearly $40,000 to mine at ten cents a kilowatt hour. However, hosted mining options with much cheaper power allow miners to mine Bitcoin at around $20,000 each. For comparison It costs about $1,276 to mine one ounce of gold. When the Bitcoin halving reward gets cut in half next month it will cost about $40,000 to mine one Bitcoin in a favorable energy location. As fewer new Bitcoins come into existence, the value of a Bitcoin will continue to rise.
Bitcoin can be held in off-line wallets like Trezor. https://trezor.io/ or hold your cryptos in a Crypto.com wallet on your phone.
I am sure you are aware that fiat currencies like the dollar are backed by nothing other than "faith" in the issuing authority. Federal Reserve Notes are debt based. I don't know about you, but I don't have a lot of faith in the Biden Administration, or The Federal Reserve Bank for that matter.
Gold and silver are good alternatives to the dollar. But, they are somewhat inconvenient to use for daily purchases and transactions. Imagine filling up your gas tank and paying with gold. I find it interesting that some gold and silver vendors accept Bitcoin. I think that is telling.
The question becomes, would you rather accept debt based central bank digital currency, backed by nothing, that costs little or nothing to create; or a mined crypto currency that costs tens of thousands of dollars to mine into existence? Something decentralized held in your possession vs something centralized, debt based, and owed to the central authority?
To me the choice is obvious. I prefer freedom to slavery. But I understand that the concept of Bitcoin and decentralized crypto currencies is difficult for some to grasp. My hope is enough of us choose freedom over slavery in order to make freedom our reality.
https://rubino.substack.com/p/elites-commoners-and-the-shrinking/comment/52368819?utm_source=share&utm_medium=android&r=4qa41
The fight to roll in CBDCs involves Mastercard and Visa. Capitol One in an effort to purchase Discover.
They want your digital ID...
https://rumble.com/v4ktoc3-dig-it-215-urgent-alert-state-legislatures.html
https://youtu.be/lIx9LouWF5o?si=VCRlpWARcSZaUta5
Once again, you are putting your faith in something created by man. So someone else is holding your coins. Oh, but it’s in my wallet that is online and I have access to it any time. What about when the internet is down. Who created the internet? I choose to put my faith in the universe. And it’s not just the Biden admin. The problems arise when one gives up being a sovereign being. Any government is a control over the people.
I have not given up being a sovereign being. What gave you that idea?
Do you live off the grid? Do you own your own land, grow your own food, have a well for water? Do you make your own clothes, build your own shelter, craft your own furniture? If so, good for you.
If not, you depend on a medium of exchange to purchase necessities just like the rest of us. Today most people rely on credit cards, which won't function if the grid is down. No one can buy from Amazon if the internet it down. So your point is basically meaningless.
What I am saying is we have a choice. Central bank digital slavery, or a decentralized medium of exchange. One represents slavery, the other freedom. We will be choosing soon. Which one will you choose?
Where in my statements did I accuse you of anything? Sovereignty has nothing to do with owning a thing. Sovereignty has to do with knowing where your authority comes from and not allowing others to tell you what to do. I think you did not like the thought of not having access to your coins if the internet goes down. I also did not tell you not to invest in them, I merely was stating some facts.
I only pointed out that if the internet goes down, it affects more than Bitcoin. So to single it out as being pertinent to a discussion about financial freedom is a non starter. A naive statement.
The question for you is, do you plan to accept central bank digital slavery, or would you rather a currency that you own personally. What is your plan if you have even thought of one?
Once again you like to attack. Read the NASA white sheets and educate your self.
Sorry not NASA, but NSA.
I think it is you that lacks education. And you don't appear to have a plan, so you will accepr CBDC. What choice do you have if you have no plan? No choice but to take what is offered.
What is Bitcoin backed by? It is decentralized, but what makes it valuable. Is it a precious metal? And if you don’t hold it, you don’t own it.
Hi Duane. Bitcoin is mined into existence. A Bitcoin would cost nearly $40,000 to mine at ten cents a kilowatt hour. However, hosted mining options with much cheaper power allow miners to mine Bitcoin at around $20,000 each. For comparison It costs about $1,276 to mine one ounce of gold. When the Bitcoin halving reward gets cut in half next month it will cost about $40,000 to mine one Bitcoin in a favorable energy location. As fewer new Bitcoins come into existence, the value of a Bitcoin will continue to rise.
Bitcoin can be held in off-line wallets like Trezor. https://trezor.io/ or hold your cryptos in a Crypto.com wallet on your phone.
I am sure you are aware that fiat currencies like the dollar are backed by nothing other than "faith" in the issuing authority. Federal Reserve Notes are debt based. I don't know about you, but I don't have a lot of faith in the Biden Administration, or The Federal Reserve Bank for that matter.
Gold and silver are good alternatives to the dollar. But, they are somewhat inconvenient to use for daily purchases and transactions. Imagine filling up your gas tank and paying with gold. I find it interesting that some gold and silver vendors accept Bitcoin. I think that is telling.
The question becomes, would you rather accept debt based central bank digital currency, backed by nothing, that costs little or nothing to create; or a mined crypto currency that costs tens of thousands of dollars to mine into existence? Something decentralized held in your possession vs something centralized, debt based, and owed to the central authority?
To me the choice is obvious. I prefer freedom to slavery. But I understand that the concept of Bitcoin and decentralized crypto currencies is difficult for some to grasp. My hope is enough of us choose freedom over slavery in order to make freedom our reality.