Whether or not there is an agenda and corruption with crypto, it is not tenable. No intrinsic value (just like fiat we all don't like), too complex to use (setting up wallets, passwords etc), dependent on internet, developed by these shady and/or egomaniacal personalities, and too f'king similar to CBDC (digital currency, what??). My philosophy - I don't understand it, I'm not investing in it or using it.
Another great article, Karen. I thought the same thing when I saw this! I wonder if this is simply a setup to usher that into the U.S. and if the banks are colluding with the government, how do we push back against this wave of tyranny and control?
I have absolutely no understanding of Bitcoin or any of the other funny money. But it appears that PT Barnum is still correct: There's a sucker born every minute. And snake oil is still for sale.
I still do not understand even the theoretical use case for cryptocurrency. I can't think of one practical situation where it can do something that regular digital money cannot.
The world system as we know it is grinding to a close exactly as The Bible said it would....CBDC is going to be used in the Antichrist economic system especially because its programmable and if you don't comply with their ESG your access to your money will be turned off or limited....maranatha!
Nov 12, 2022·edited Nov 12, 2022Liked by Karen Hunt aka KH Mezek
This is a really good substack article by Jordan Schachtel about Sam Bankman-Fried's commitment to his philosophy of effective altruism - which he used to justify his massive crypto ponzi scheme. A worthwhile and informative read:
Whether or not there is an agenda and corruption with crypto, it is not tenable. No intrinsic value (just like fiat we all don't like), too complex to use (setting up wallets, passwords etc), dependent on internet, developed by these shady and/or egomaniacal personalities, and too f'king similar to CBDC (digital currency, what??). My philosophy - I don't understand it, I'm not investing in it or using it.
Another great article, Karen. I thought the same thing when I saw this! I wonder if this is simply a setup to usher that into the U.S. and if the banks are colluding with the government, how do we push back against this wave of tyranny and control?
I have absolutely no understanding of Bitcoin or any of the other funny money. But it appears that PT Barnum is still correct: There's a sucker born every minute. And snake oil is still for sale.
I still do not understand even the theoretical use case for cryptocurrency. I can't think of one practical situation where it can do something that regular digital money cannot.
Bitcoin has got to have something going for it if there are 10,000 knockoffs now.
The world system as we know it is grinding to a close exactly as The Bible said it would....CBDC is going to be used in the Antichrist economic system especially because its programmable and if you don't comply with their ESG your access to your money will be turned off or limited....maranatha!
FTX crashed because of:
Putin
Trump
Climate change
Racism
Sam is Fried!
People who got into crypto had more cents than sense.
I have zero sympathy for them.
They were playing digital monopoly money with fiat money.
Bitcoin = Bitcon
Yes that article came into my inbox shortly after I published mine. Really fascinating.
This is a really good substack article by Jordan Schachtel about Sam Bankman-Fried's commitment to his philosophy of effective altruism - which he used to justify his massive crypto ponzi scheme. A worthwhile and informative read:
https://dossier.substack.com/p/the-true-believer-how-sam-bankman?utm_source=post-email-title&publication_id=69009&post_id=84140686&isFreemail=true&utm_medium=email