You’re not making points. You’re making yourself look ignorant.
Discussion
My point was that the WEF has publicly supported Bitcoin. Your point was that this means they are somehow trying to get rid of it (???).
I responded by juxtaposing the two stances (public support vs. your claim that this means they are trying to get rid of Bitcoin) to show that it is ridiculous, and you responded by asking me where I'm from instead of showing me that your point is not, in fact, ridiculous.
The ball is in your court, and you are the one making yourself appear ignorant.
Well said. I didn’t see that you responded.
This is a very complicated topic. However, you can figure everything out if you trace the money. Fiat has came and went! It is the old railroad lines. The powerful people in charge of keeping those railroads running are now facing a better railway system that is out flouting the new and robust railroads! (Lightning)Bitcoin. Panic is starting to set in for the old regime that controls the fiat financial railroad system.
Pictures speak with gravitas.
And now you're getting to the heart of the issue.
They will attach themselves to whatever currency is in use by the masses--dollars, silver/gold, crypto (including Bitcoin, cry about it), bottle caps, whatever. They will use their overwhelming control of society to own it all.
This is why you can't just jump from dollar to Bitcoin and think everything is going to work out, because you're switching from one system owned by psychopaths to another one that is also owned by those same psychopaths (whether it was that way from the beginning of Bitcoin or if it's becoming that way now).
Unless you find a way to remove the demonic "elite" influence over trade in general, the same problems we have with dollars today will manifest in slightly different forms later on with Bitcoin or whatever else. A Bitcoin-based economy is susceptible to usury just as much as a dollar-based one. Fail to pay your Bitcoin-based loan, and your house will be taken away and sold to someone else (for Bitcoin, of course!) all the same.
Lest we think there's another alternative, the same issue applies to gold/silver hoarders. Normal people measure their gold and silver in ounces. The rulers of the world measure their own gold and silver in tens or hundreds of tons. A gold/silver-based currency can be manipulated by any number of creative methods (or tried-and-true ones like counterfeiting) by psychopaths just as easily.
You are starting to sound like a bitcoiner. Find out what Jeff says about inflation/deflation and you will make an informed decision. If you can consume Jeff’s arguments and still hate bitcoin, then you are #NGMI.
Trust me, I was incredulous too, until I read all of the technical things. I studied the history of money in my twenties. I hate the way it is, but I don’t make the rules!
Bitcoin removes the ability to create money at lower cost than others. And allows people to accumulate wealth that can't be debased without advanced sophisticated understanding of economics required to invest in shares.
Fiat money is entirely packaged debt. The value is diluted as more debt is created. People with large amouns of capital get debt cheaply while the average person gets it at a much higher rate. Bitcoin is a hard asset and can be used to store wealth without debasement. This will reduce demand for debt. Bitcoin creates a level playing field, it doesn't make the players equal size.
I'm not surprised that Blackrock hold Bitcoin it that the WEF talk about it, they will attach themselves to whatever people use. I'm surprised they are not into it more heavily. I don't know that there is a way to exclude them without creating something that can be abused by them.