Post
Topic
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
zazzbg1
on 09/02/2019, 23:41:30 UTC
Waiting for your answer to my post.

The answer to your post is, there's lots of people who make believe they're rich when they really aren't because they have no way to control or defend their assets against the other 99.9%.  Hell, much of their assets rely on the 99.9% being able to purchase their goods but they can't.  It's just a system of phantom wealth everywhere.  

In the end, the only wealth you have will be what you can hold in your hand and defend with a Natzee Luger, or what the consensus of your neighbors agree is yours.  There will obviously be massive redistribution and pillaging whether people want to believe so or not, or pretend they can avoid it.  No, non-fungible shitcoins are not in any way a benefit over metals in this, especially when your balance and account history is sitting right out in the open for the entire world to view it.  

The so called "elite" put their money in private trusts to try and avoid things like this, confiscations, and turn their account balance and transactions opaque.  A non-fungible shitcoin is a step downwards in that regard.  If the world went Venezuela or simply Joseph Tantor style reduction in complexity and is mostly based around barter or whatever, digital shitcoins are not going to be of any value.  It will be physical metals ruling with an iron fist, so there is no lame shitcoin pumper talking points like "but muh shitcoins are easier to hide!".

You continue talking about gold vs. shitcoins when we're already past this topic.
I agree that in the end, your wealth is what you can hold and own physically. I doubt that in the world where this fact is true gold will be the king.
I'd rather own all the food that people need to exist and distribute it the way I want over owning a shiny piece of metal which is used 50% of the time for shiny pieces of shit that the brainless (in your opinion) women wear (https://www.statista.com/statistics/299609/gold-demand-by-industry-sector-share/)

You kinda miss the point that the odds of retaining your wealth while it's stored in metals is higher than that of owning a chain of grocery stores or food supply chain.  Without highly effective martial law on every street corner, your grocery store and everything else will probably just be an empty building, so how is that a great investment?  You might even lose possession of the empty building too.  Your entire train of thought requires faith in and effectiveness of martial law.

Gold is probably the biggest scam in the World so far.  I wonder when it will also burst?

I'm in silver myself, but anyway, the value of imaginary, centralized, valueless digital tokens is zero, so if you consider gold "the biggest scam in the world", then imaginary, digital shitcoins are the biggest scam in the world squared.  Humans have an actual use for physical commodities.  They have no use for fake, imaginary ones.

Sure, I agree with you. The whole world today is a form of scam that people must reject if they want to evolve. If not, we're surely going to self-extinction.
Crypto is a new form of an old scam called gold (precious metals). And it has the potential to rise in value the same way that the scam of gold (precious metals) did.
It will be shilled the same way Gold was shilled by Bible/Church. The thing is Bible/Church is not that powerful it was so instead people who are popular today will shill it and some of them already do calling crypto "digital gold". It's a long process that might of course fail, but it might also succeed.
The question we must answer to is - what in this world is true and has a value that is directly related to our well being.