Digital Currency

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#1 Mon, Jul 13, 2020 - 9:20pm
ExNavyOS
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Digital Currency

I'm new here so go easy on me. I subscribed because I like the information. Based on all of the books I've read and all of the videos that I have watched, I believe we are heading into Digital Currency. It's already here; it just would have to replace those Federal Reserve Notes to get everyone's hair up. Look at Bitcoin for a second with me; some reclusive Japanese guy had millions of dollars to build all of those servers and redundant T1 backbones? Really? Something else is going on there. It's like when you go to Walmart for Coke. On the end cab is those mini cans of Coke. We've all seen them, right? They're conditioning us for what's coming. Problem, Crises, Reaction, Solution. It's all baked into the cake.

So, we know of several countries like Sweden who are using digital currency. Our "Owners" already know that there will be huge defaults all over the place; perhaps they can mitigate their losses by switching all of us into a Fed Coin or something. They'll need twenty of your old Notes for one of their digital dollars. Then I would expect to see a Carry Tax on cash. If I were as devious as they are, I might want Congress to ban individuals from owning Gold and Silver. It's been done before; FDR 1933.

We might have a few years left, maybe. Gold and Silver will have buying power in a barter economy. The Rural areas where I could get fresh eggs for some Silver. I did an abrupt about face on Stacking Silver. Instead, and especially in light of the Covid thing, the true Store of Value is what I put in my building. Toilet paper, soap, tobacco, first aid, dog food...all of the stuff we take for granted everyday. Maybe a little Silver is okay. Let me know your thoughts. We're all trying to figure out what is coming and when. You can never have too many opinions.

Tue, Jul 14, 2020 - 1:33am
11IMIX
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Fake coin shortage

I see the fake coin shortage as the next step in the introduction of the digital currency . It is to gently move people away from cash. Blame covid. What a joke. Who believes these lying bastards. My .02

I miss my old dog.

Wed, Aug 5, 2020 - 3:08pm
11IMIX
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Ripple

Looks like Ripple will be used in the upcoming digital currency world. Plan accordingly.

I miss my old dog.

Sun, Aug 16, 2020 - 2:53am
Tyrion
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Going digital

My feeling is that perhaps in the near-term, the future is digital. However, as we proceed farther down the road, the energy return on investment (EROI) of oil is declining precipitously. Fracking is not easy to pull oil. Back in the day, 1 barrel of oil energy would pull another 99 barrels out of the ground. Fracking is maybe 1:5. you could argue about the exact number, but you get the point. The cryptocurrencies are utterly dependent upon the internet, and the internet is more dependent on fossil fuels with high EROI than one might imagine. All the supply chains with utterly high complexity, 18-wheeler trucks at 6mpg shipping millions of parts everywhere, refrigerated servers, satellites, routers.... Solar and wind unfortunately, are derivatives of fossil fuel. I sadly say this as an environmentalist, its just the hard truth that renewables won't sustain business as usual. So the digital currencies, in the end, run the risk of floating away as the fleeting electrons that they are.

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