So what happens to bitcoin when the government starts using digital currency? Will bitcoin remain as an alternative to government currency or will it be appropriated? Anyone? Anyone?
Discussion
Government digital currencies need to be forced, #Bitcoin is voluntary it's a seperate system existing outside their reach.
Mostly self sufficient communities which have formed over the last years will use #Bitcoin in their everyday trade for goods and services in their communities.
The fake Government "Money" will be offered as a solution to the problem they create in the first place and it relies completely on trust and faith.
Alot of people will not accept it, they will start to give it away for "free" to the uneducated and lazy ones first as they will take it for the "convinience" in form of "reperation" payments or any other delusional reason.
It will be programmable and they will tell you what you can and what you can not buy through various categories based on your ESG credit score.
It's a form of digital Foodstamps like they use in crisis or war times. For example after or during ww1 or ww2.
They need the crisis as a pretext to bring in the solution.
It required permission from ((them)) to spend.
Many people understand already that these kind of system only applies to plebs and not the self proclaimed "Elite" because they have a different system for them alone.
In the same way private jets and yachts are excempt from the CO² tax as they use them to fly from climate summit to climate summit so their excuse is that they actually do something to resolve the problems and are therefor entitled to different laws and regulations then the average pleb.
Their problem is that they do not realize what they can and cannot get away with.
And the people will not take it so easy
So do you think bitcoin will override the government’s digital currency then? In that case it’s all good (in the hood).
People like Augustin Carsten or Christine Lagarded are living in a parralel reality, a hyperreality created around them since they were young, indoctrinated into a secular system outside the actual reality of 99% of the population.
Like with blinkers on they pursue their own self interested goals and one of them is control.
Control through money and energy, those are the two most important aspects in controlling the plebs.
But they themselfs never worked a 50hour week in a field and or construction site to value the labor produced by hands.
This detachment of reality leads the alot of misconseptions on what money is or how it works or what it's purpouse is.
The laptop class which cheers for the introduction of free programmable money is living in lalaland and often thinks they ca get into good positions but repeating the said narrative the Elite brings up.
This of course will never happen.
Their main goal with the cbdc's is to close all off and on ramps to bitcoin to reduce currency speculation.
But a cashless society will not be accepted by the real working class as they still live in the practical reality of real world work including physical labor.
The average working class does not like the abstraction of money in a non physical form, it's already hard to explain Bitcoin to them but they won't easy accept a government forced digital money which they can not touch or see.
They want physical cash, as I said earlier they need a crashed economy and when that happens people will exchange their money for goods which hold their value they flee into commodities and when the off and on ramps for #Bitcoin are in place those commodities will be traded on a secondary market with #Bitcoin in the same way fleemarkets and black markets operate today on physical cash
China owns our debt though so technically they own the US not Europe or IMF. Maybe I’m mistaken but that seems to be the case. IMF may implement such a scenario if US defaults on debt (watch for June 1st).
China is intertwined with the western system it's not a single sovereign system it relais on trade with the west.
China did in 20 years what the US did in a century in regards of money printing and that will have consequences.
I'd say their economy is the even bigger bubble then the one of the US but both belong together at the end and will go together once the day comes
Yes but China owns our debt so if we default they literally own us. I don’t know much about their currency or inflation rate but the fact that they own our debt pits them at an advantage and although their market will be impacted by crash in ours, they will benefit most regardless and any crash on their part will be more of a correction than restructuring. We own a hundred trillion now and we can’t possibly print more. Plebs will be plebs but there’s gotta be a solution such as Hamiltonian banking instead of being owned by China.
I don't understand how you get to the point that China owns the US through debt?
Can't print more? Looke up the man in my Profil Picture he will tell you that they can print until physical exhaustion and that's what they will do as they have no other options and are not ready to accept that they made mistakes, they rather pump it up and crash it into their new system, alla Great Reset which the world economic forum is partnered with Ripple and Other Shitcoin Companies and Foundations as the Cardano foundation for which already build the base for the new system.
The Altcoins have been created by them, you can clearly see their sponsored psychological warfare tactics waged against Bitcoin through their deplorable speakers in the "Crypto Space" many said people attending the miami conference right now as speakers, they are beeing played aswell.
If we default on our debt, they own us because they own our debt. We can’t pay back in currency so we pay back in literal capital (us citizens).
Alot is true in what you say, however they relied on the working class all queuing to be jabbed which most did, and that is their downfall as the jabs will work their magic. No more pensionable plebs and problem solved for next brainwashed generations
Exactly it was a test to see how high compliance is, that's why they used the QR code in the first place.
There was never any other reason to use a QR code passport system then to see how people adapt and how many would comply with a said system.
But in the real world when I talk to people I can understand most in their Argumentation on why they went along with it, but it does not mean they like it.
The said system was temporary and not permanent which is a huge difference as many people I talked to realized how quickly this can go in a very wrong way when your pass turns to another color all of a sudden and you are denied entry without any specific reason.
They already introduce the convenience of digital money more and more through corporations which started to give out digital vouchers to spend in certain locations or businesses which are part of the Initiative.
In the end there are many factors which will count into how we progress with digital money.
I honestly think a shift in consciousness is comming again which naturally exposes the fragility and obscenity of the artificially created consumer society and people become more conscious about what is real, what is important and what they need not what they want.
When that happens the entire construct of the artificially created hyperreality becomes visible and it starts crumbling.
This is already noticable for example when people delete instagram and start seeing it for what it is.
Seen it alot lately maybe you to in your suroundings.
People will start to see how they lived in a fake reality and go an a quest to find true meaning in life which then will lead them to #Bitcoin and when they realize why ((they)) attack bitcoin they will also understand the real intentions of the said authority.
May be a bumpy ride but defintly fun, as thruh prevails and lies fall apart the natural outcome will be a Bitcoin standard over national currencies which will be heavy regulated by the peoples demands.
CBDC's also treaten small banks and medium sized banks which woud become mostly obsolete so they will also look into alternatives for their mere survival is dependend on it