Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
r0ach
on 22/07/2017, 05:23:12 UTC
btw his debt-base doodoo is just some made up shit FUD

Nice lying Marcus, but you know it's 100% true and not so called "FUD".  Bitcoin is a rent seeking usury system that introduces middlemen where middlemen should not exist.

I will repeat my statement again since you don't seem to understand why bitcoin is invalid as a settlement layer:

The point is you are not REQUIRED to expose yourself to any 3rd party middlemen using metals as a settlement layer like in bitcoin (the miners who demand rent).  The energy input >0 required at all times for bitcoin to exist at all makes it a debt based system in practice. Metals are not a rent seeking vortex, they exist with no energy input; they're not a debt based system.  You cannot use a debt based system as the base settlement layer.  It's completely absurd to even suggest it.