A Bit about Bitcoin, King of Crypto, and US Currency in General
Like it or not, Bitcoin (BTC) is here to stay. Given my nature to pass on potentially crucial information, gleaned through RESEARCH, here's a lively entrée down the sound-money rabbit hole.
A RELATED ASIDE . . .
Demand that your representatives in Congress and in your state legislature revive the constitutional preeminence of the US Treasury and end our servitude to the FOREIGN debt-and-death central bank system—which speaking of, I can’t wait to watch Argentina’s progress on this front. El Salvador, now flourishing (under Pres. Nayib Bukele, who made BTC legal tender and rounded up the cartels), and Argentina (under newly elected Pres. Javier Milei) are leading the way to truly FREE republics. Perhaps one day we citizens of the United States of America will have fair (no illegals or any noncitizens voting!), free (no mail-in bullshit or computer fractional “votes” and other means of cheating), and open (televised, from start to finish, with requests to zoom in on ballots and counting hands honored by our public servants) elections. (Yes, people taking turns as servants of the people. No lifelong “rulers.”)
If cryptocurrency and I were in a relationship, we’d be labeled, “It’s complicated.”
And it is for certain kinds of minds. Cryptocurrency is not a singular 3D object,1 like a coin or a paper bill, yet it is more solid, more value accrual and value retentive than any old fiat dollar. There’s a permanent record of transactions on this computational abstraction called the blockchain.2 (Or so it’s perceived as intangible by some of us who started Kindergarten in the age of the abacus.) And its value, speaking in particular about BTC and other similar coins and tokens, is backed by its scarcity, with only a relatively small and FINITE amount ultimately being “mined” (the blockchain term for “minted”).
_________________________________________________ CuriousInventor, YouTube: How Bitcoin Works, in Five Minutes
_________________________________________________
Congress can’t print it at whim, ad infinitum, to stuff their pockets or launder it through foreign [Ukraine, etc.] or domestic [like the Biden family shell companies] slush funds and other criminal-selfish-harmful enterprises, like central banks, which loan us our own fucking money and make us pay interest on it.
Without further ado, here are videos by The Crypto Couple. They’re fun and informative. Don’t judge by the thumbnails.
The representations of coins and tokens you may see are only facsimiles. They have no intrinsic redemption value unless they happen to be fashioned out of precious metals.
No, not your name and address or any personal information (unless we’re talking contracts made on the blockchain). It’s computational. Computer-language-speak. It’s like geometry for me: I get it, but I can’t explain it.
Check out Crypto Karaoke's "Bitcoin Rhapsody" (parody of Queen's "Bohemian Rhapsody"): https://phooeygeneris.substack.com/p/bohemian-rhapsody-parodies
In somewhat related news, relevant to sane, sound thinking and making good choices, a gay 5th-grade teacher in the Glendale (CA) Unified School District suffers for speaking truth. Hope a jury makes him rich! Thank you, Mr. Ray Shelton, a veteran teacher (not indoctrinator) of 25 years. You, go, Ray! https://www.dailysignal.com/2023/12/20/exclusive-award-winning-gay-teacher-sues-california-school-after-being-fired-for-condemning-transgenderism/?utm_source=TDS_Email&utm_medium=email&utm_campaign=MorningBell