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What does voat think about crypto?

submitted by UrCoolerOlderBrother to AskUpgoat 3.9 yearsJun 12, 2021 02:48:32 ago (+11/-0)     (AskUpgoat)

Based and redpilled? Degenerate? Is it a way to democratize finance and stick it to the jews? Or is it a tool of the banks and the jews, used to further enslave you? Make buku cash? Get rekt? Moonboy? Elon bad? Ponzi? Damp it? Pamp it? China-coin? Discuss...


54 comments block

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[ - ] germ22 7 points 3.9 yearsJun 12, 2021 02:54:45 ago (+7/-0)

There is some money to be made with crypto, but i think most coins are a ponzi scheme.
Most crypto enthusiast seem to be retarded, whenever i come across someone analyzing the charts on jewtube, all they see is proof that it's going to the moon any moment now. And this constant sense of urgency for them.

[ - ] Had 3 points 3.9 yearsJun 12, 2021 09:09:51 ago (+3/-0)

Name a financial investment that isn't a ponzi scheme other than land.

[ - ] UrCoolerOlderBrother [op] 0 points 3.9 yearsJun 14, 2021 04:56:58 ago (+0/-0)

Everyone always comes up with the ponzi scheme argument then thinks their a big brain. Shit is hilarious.

[ - ] Joe_McCarthy 1 point 3.9 yearsJun 12, 2021 02:56:33 ago (+3/-2)

Obviously it tends to decentralize and give power to people at a level below established governments. Pretty much inherently good from a dissident right perspective.

[ - ] Hey_guys_whats_up 2 points 3.9 yearsJun 12, 2021 07:27:00 ago (+2/-0)

Bro the US government and the military developed BTC and owns about 40% of the total supply. This coin keeps a permanent, public ledger of all transactions.

This shit is not freedom.

[ - ] Joe_McCarthy 0 points 3.9 yearsJun 12, 2021 07:32:33 ago (+2/-2)*

As opposed to what? Not having it and relying simply on fiat currency? I'm not even sure what you're arguing. Seems to amount to letting the perfect be the enemy of the good though in your case.

[ - ] UrCoolerOlderBrother [op] 2 points 3.9 yearsJun 12, 2021 08:55:27 ago (+2/-0)

I tend to agree, but have my reservations considering the circumstance with which BTC has come to the world stage. Also, because of that, I find the peoples opposition to crypto here to be somewhat surprising.

[ - ] mememeyou 10 points 3.9 yearsJun 12, 2021 03:04:10 ago (+10/-0)

still waiting to go all in on a truly decentralized untraceable underground hitler coin. Anyway to prevent the kikes from shutting down, watching, controlling our funding. Their great reset bullshit aims to end all privacy & mandate jew worship or starve to death.

[ - ] Had 7 points 3.9 yearsJun 12, 2021 09:07:35 ago (+7/-0)

Monero is decent.

[ - ] Majiqai 1 point 3.9 yearsJun 12, 2021 11:53:06 ago (+1/-0)

Came here to say this. As of now, Monero is the equivalent of digital cash. If used correctly (which is quite simple) it is completely anonymous and obscured. Quantum computing is required to compromise it but once that becomes a viable method via consumer tech, I’m sure Monero will be updated to quantum cryptography.

[ - ] robotflex 1 point 3.9 yearsJun 12, 2021 12:08:44 ago (+1/-0)

Does it matter tho? I mean if they want they can just ban you off exchanges and compromise the currency and its value some other way.

[ - ] LoliNeko 2 points 3.9 yearsJun 12, 2021 13:10:21 ago (+2/-0)*

BISQ is a decentralized exchange that operates on BTC. The Monero equivalent - Haveno, is in development.

[ - ] UrCoolerOlderBrother [op] 0 points 3.9 yearsJun 12, 2021 13:44:06 ago (+0/-0)

Id put my life savings into hitlercoin.

[ - ] observation1 1 point 3.9 yearsJun 12, 2021 03:21:55 ago (+1/-0)

Invest in btc. Celebrate winnings on the backs of your grandchildrens slavery

[ - ] UrCoolerOlderBrother [op] 0 points 3.9 yearsJun 12, 2021 07:50:02 ago (+0/-0)

How so?

[ - ] observation1 1 point 3.9 yearsJun 12, 2021 12:19:05 ago (+1/-0)

Flattery is the first rule of mind control. Imagine investing in a cashless society, centralized, public ledger, that can be taken down, raided, while energy companies or giant corporations and governments are guaranteed to ultimately win.

[ - ] UrCoolerOlderBrother [op] 0 points 3.9 yearsJun 14, 2021 04:56:17 ago (+0/-0)

But btc isn't centralized, and many cryptos aren't even POW but instead are POS and don't use crazy energy. I dont see how with BTC the giant corps, govs, or energy comps, are going to be guaranteed to win.

[ - ] observation1 0 points 3.9 yearsJun 14, 2021 06:26:57 ago (+0/-0)

Btc ledger is centralized and public forever. Merely having redundancy is not the the point.

[ - ] Ploymroph 6 points 3.9 yearsJun 12, 2021 03:29:59 ago (+6/-0)*

It was the beta test for https://www.interest.co.nz/banking/110803/cbdc . Goyim played with buckets of excrements and soon it will be useless because fiatkonfetti is gonna disappear, goy

https://archive.is/kICuR
https://thexrpdaily.com/2019/09/03/ripple-to-share-the-stage-with-the-bank-of-international-settlements-and-bny-mellon/

[ - ] UrCoolerOlderBrother [op] 0 points 3.9 yearsJun 12, 2021 13:50:00 ago (+0/-0)

Good posts. You don't think that just represents the governments trying to catch up to the trend now? That's kinda what I see. I know they have the resources to essentially seize control of the cryptosphere. I dont think they have yet.

[ - ] Ploymroph 0 points 3.9 yearsJun 12, 2021 16:29:26 ago (+0/-0)

[ - ] UrCoolerOlderBrother [op] 0 points 3.9 yearsJun 14, 2021 04:53:47 ago (+0/-0)

Both of those countries allow crypto trading. China just "reiterated" their laws that they've had on the books since 2017. Which is that only approved traders can use crypto. Nothing changed but all of the newspapers printed that "China banned bitcoin". It was all just fud, and I honestly think the China fud was their attempt to get the BTC prices as low as possible for their own gain. The next week China announced that they are starting their own national crypto. Lol and India has just abandoned the ban (for the 2nd time). So like I said, all im seeing is the major institutions and governments scrambling to gain control of something that they currently have little control of.

[ - ] Ploymroph 0 points 3.9 yearsJun 14, 2021 05:17:35 ago (+0/-0)

So in the end fiat dies and with it those crypto currencies. Crypto-goys are just living in denial.

[ - ] UrCoolerOlderBrother [op] 0 points 3.9 yearsJun 14, 2021 16:48:51 ago (+0/-0)

Yes, if the dollar collapses crypto will be useless, but at that point there will be bigger issues to worry about than how much crypto one has in their bank. Until that time crypto will continue to be a money maker for those that are smart enough to utilize it.

[ - ] Tbneer967 7 points 3.9 yearsJun 12, 2021 03:51:09 ago (+7/-0)*

I don’t trust it simply because millions of retards are drooling over it.

[ - ] UrCoolerOlderBrother [op] 0 points 3.9 yearsJun 12, 2021 07:49:41 ago (+0/-0)

I know what you mean

[ - ] yesiknow 5 points 3.9 yearsJun 12, 2021 04:31:33 ago (+5/-0)

Everytime you use plastic the seller has to pay money to the pigs. They're getting a slice of everything

To buy shit when you can't pay cash it's better. But as way to reap profits I don't think so. Electricity goes out and then so do you

[ - ] UrCoolerOlderBrother [op] 1 point 3.9 yearsJun 12, 2021 07:48:54 ago (+1/-0)

Hence, the beauty of crypto. Instead of the seller being stuck with that fee, the buyer pays it and it is distributed to the miners/nodes that keep the network running. A more transparent and sensible system.

[ - ] dalai_llama 2 points 3.9 yearsJun 12, 2021 05:02:20 ago (+2/-0)

Did anyone notice that the 2020 1040 form had a box to check if you had purchased virtual currency during that year?

[ - ] UrCoolerOlderBrother [op] 0 points 3.9 yearsJun 12, 2021 07:41:33 ago (+0/-0)

Yeah. If you lose money you can right it off, and if you make money you gotta pay capital gains tax on it(if the gov. knows about it)

[ - ] Cunt 1 point 3.9 yearsJun 12, 2021 07:12:01 ago (+2/-1)*

In theory, I like them. Stefan Molyneaux likes them and he is pretty smart, but then again he did pick Trump over accelerationism. I think most are scams. I think GloboHomoGovCoin is coming soon but they might just make Bitcoin into GloboHomoGovCoin. Australia requires ID to buy it, there are workarounds but they are expensive, so it is not a smart investment option if you want to do it anonymously. I think they are economic tulips which is great unless you are left holding the bag, at least the Dutch had pretty tulips at after the crash. Tulips are probably a better investment actually I didn't plant any this year as they are too pricey. I prefer physical goods, cash, gold, silver, jewels, water, food, cigarettes, lighters, toilet paper. I haven't prepped though I just assume I'm fucked no matter what I do so shrug

[ - ] deleted 5 points 3.9 yearsJun 12, 2021 08:20:31 ago (+5/-0)

deleted

[ - ] UrCoolerOlderBrother [op] 0 points 3.9 yearsJun 14, 2021 04:33:37 ago (+0/-0)

Sure, but if crypto is the future. I might as well be an early adopter and make some money for myself mm

[ - ] Goatboy 2 points 3.9 yearsJun 12, 2021 09:01:14 ago (+2/-0)*

Exchanging, electrons that can be controlled and manipulated by international banks with empty vaults and the threat of government violence, for electrons that can be controlled and manipulated by international organizations without vaults and maintain the threat of government violence…

Hmmmm, I can’t detect any meaningful difference between crypto and fiat, except the illusion of freedom and international organizations would no longer need to pay the operation and maintenance fees for empty vaults… so another win for them I guess.

[ - ] UrCoolerOlderBrother [op] 0 points 3.9 yearsJun 14, 2021 04:31:36 ago (+0/-0)

But central banks don't have the ability to manipulate crypto. Sure, they can manipulate the price, but they can't confiscate your funds.

[ - ] Goatboy 0 points 3.9 yearsJun 14, 2021 04:45:07 ago (+0/-0)

Yeah, community banks could never manipulate fiat currency either. That was all accomplished at a higher level too.

[ - ] beece 0 points 3.9 yearsJun 12, 2021 09:30:03 ago (+0/-0)*

@cunt once you run out of room to store all your [quote]"I prefer physical goods, cash, gold, silver, jewels, water, food, cigarettes, lighters, toilet paper."[/quote], you leave it in paper currency? Cause a stack of $100s soon gets too fat for a wall safe and if one just locks it up then ignores it, it shrinks annually via inflation. Actually, wish I'd gone all in when gold was $300, cause it's creeping up on $2000 an ounce for a American Eagle currently.

[ - ] Cunt 0 points 3.9 yearsJun 12, 2021 18:07:54 ago (+0/-0)

Ugh, I remember watching a olympics and a news break came on and gold was $200 an ounce and I had $200 and thought I should buy some, buy didn't know how so didn't.

I haven't stocked much of anything, if I did I wouldn't have any money left to store in cash. So consider my shit position when weighing the value of my advice lol. I do think diversifying is a good idea. I have a about $200 of fractional US stocks too, might put some more in but waiting for the crash to get some bargains. I would probably do BTC and monero if I could do it anonymously without so much fees.

[ - ] UrCoolerOlderBrother [op] 0 points 3.9 yearsJun 14, 2021 04:57:41 ago (+0/-0)

Buying ammo seems like a great investment right about now. Lol

[ - ] Cunt 0 points 3.9 yearsJun 14, 2021 08:20:56 ago (+0/-0)

Yeah. Probably harder than anonymous crypto though.

[ - ] Her0n 0 points 3.9 yearsJun 12, 2021 10:51:54 ago (+0/-0)

I invest in myself, my family, and my farm. The rest is just gravy and I don’t want to get fat.

[ - ] UrCoolerOlderBrother [op] 0 points 3.9 yearsJun 14, 2021 04:29:49 ago (+0/-0)

That is a good plan, and to each their own, but I feel that if there is money to be made why shouldn't I be the one to make it . Then I can benefit my family even more. I dont let the pursuit of money rule my life, but to be at a point in life where you don't have to worry about money any more, is a great place to be. I think as the dollar continues to devalue, it will get harder and harder to get to that point, but a little money could definitely make my and my families lives more comfortable.

[ - ] underpants 0 points 3.9 yearsJun 12, 2021 11:28:31 ago (+0/-0)

it's the real deal.

[ - ] UrCoolerOlderBrother [op] 0 points 3.9 yearsJun 12, 2021 13:42:49 ago (+0/-0)

Do u invest?

[ - ] underpants 0 points 3.9 yearsJun 12, 2021 14:57:48 ago (+0/-0)

yes sir. long time investor and hodler. most holdings in BTC and bunch in ETH then bits in various shitcoins. BTC was created in response to the 2008 financial crisis. there's a fixed supply of 21 million. it's a better financial asset than gold in every way and should take over gold's 10 trillion dollar spot as the hedge against inflation and central bank chicanery. it's our best stand and hope against the (((international bankers)))

[ - ] UrCoolerOlderBrother [op] 0 points 3.9 yearsJun 14, 2021 04:19:59 ago (+0/-0)

Ever heard of HYDRA or Suterusu-SUTER?

[ - ] underpants 0 points 3.9 yearsJun 14, 2021 10:07:08 ago (+0/-0)

I have not, no

[ - ] UrCoolerOlderBrother [op] 0 points 3.9 yearsJun 14, 2021 16:46:44 ago (+0/-0)

Check them out. I like SUTER's mission and they have partnered with some big names like THETA so I think there could be big things in store for them in the future. HYDRA offers some insane staking returns(like 100%APY), that are paid out daily so the returns are compounding. Also the price has been pretty stable through all of these crashes. I've been very pleased with HYDRA recently. It is hard to beat returns like that.

[ - ] MrPancake 1 point 3.9 yearsJun 12, 2021 11:56:33 ago (+1/-0)

I will pass; it is suspicious. I have always been one to dump my capital into land or improvements on the land, never been into investing in shekels.

[ - ] Version6 1 point 3.9 yearsJun 12, 2021 14:48:12 ago (+1/-0)

At best I would not enter right now. Buy hard assets instead. I was involved previously and have made money but right now it's a complete shit show.

[ - ] UrCoolerOlderBrother [op] 0 points 3.9 yearsJun 14, 2021 04:26:30 ago (+0/-0)

I think it will continue to move sideways (possibly for days, possibly for months) then when least expected it will continue its crazy parabolic rise. I 100% believe that if you put money into BTC today that in 1 year from now you will have more than you put in. I expect the market to recover before the end of the year.

[ - ] donutbakery 0 points 3.9 yearsJun 12, 2021 15:57:24 ago (+0/-0)

It ought to be asked in relative terms of what type of monetary system is preferred.

1. who mints the money (central gov't, central banks, mined, mined with computers)

2. how the money finances itself
2.a Central Gov't (taxes, arrest, economic activity of everyone)
2.b Central Banks (increase, decrease supply, to all users against the total economic output of a nations people)
3.c Natural resources mined (gold, silver)
3.d Computers (only needs a ledger of who has what)

3.

4.

[ - ] UrCoolerOlderBrother [op] 0 points 3.9 yearsJun 14, 2021 04:24:30 ago (+0/-0)

Ask it however you want, but then also please answer it.

[ - ] donutbakery 0 points 3.9 yearsJun 19, 2021 23:57:48 ago (+0/-0)

The main economic problem of wealth procurement is leverage of one economy over another. This can be that a country that is self sustaining can become bankrupt or destitute because they are locked out of a mineral or other technological resource to enter the next development stage of there economy.

A monetary system that can remove leverage of one economic advantage over another as leverage for cheaper access for the raw resources of the poor country such as labor and mineral rights would be best.

I would use some form of defi, decentralized finance, to remove the leverage of one economic system over another. Economic power is layered over one nation in monetary systems, terrible trade agreements like we get in America like Nafta.

I would choose for a country like America to use a gov't dollar like Lincoln's Green back. And the citizen's to use some form of crypto with the green back with gold and silver.

I would use the existing leverage if any now exists in our Central Bank (Federal Reserve) in getting as much cash advances as possible and as many resources we can get until that leverage is gone for good.