Trouble Looming for Bitcoin, FTX, ethereum and monero? 'We are about to see massive disruptions': IMF chief . Is Digi Money a Scam or Here to Stay?

POSTED BY: JAYNEZTOWN
UPDATED: Tuesday, December 9, 2025 15:18
VIEWED: 9872
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6IXSTRINGJACK

Wednesday, January 26, 2022 4:35 AM

Quote:
Originally posted by 1KIKI:

In regards to cryptos and tulips, here's the link to Project Gutenberg's copy of

Extraordinary Popular Delusions and the Madness of Crowds
https://www.gutenberg.org/files/24518/24518-h/24518-h.htm#tulipomania]

Quote:

“The tulip next appeared, all over gay,

But wanton, full of pride, and full of play;

The world can’t shew a dye but here has place;

Nay, by new mixtures, she can change her face;

Purple and gold are both beneath her care,

The richest needlework she loves to wear;

Her only study is to please the eye,

And to outshine the rest in finery.”

You want purple in 2022 it's going to cost you.

Isn't she beautiful? She can be yours for the low, low price of only $241.99.

https://opensea.io/assets/0x495f947276749ce646f68ac8c248420045cb7b5e/8
3177898416165319384258918140288820276451610121276651584529183931460973756417

Or, yanno... If you're not insane you can just right click and Save As.

Hell. I dunno NFT law. It's probably insane. I could probably get sued for posting this image here, so I'll just hype it up. You should DEFINITELY buy this for $241.99.

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Vaccinated People: "You need to get muh vaccination shots that don't work because I got muh vaccination shots that don't work and I'm afraid of people that didn't get muh vaccination shots that don't work because muh vaccination shots that don't work don't work."

SIGNYM

Saturday, February 12, 2022 8:24 PM

I finally made my way thru the entire article. What it says, in sum,is that there is nothing of intrinsic value backing any of the cryptocurrencies.

They consume a lot of electricity to produce nothing of material value

They can't be readily exchanged for recognized currency

They're "backed" - insofar as they have any backing at all- by equally unbacked "stable coins" which are theoretically pegged to the dollar but which have very few actual dollars in reserve. And since stable coins can be created at will, they are used to manipulate the price of various cryptos.

Since they cost more than they're worth, they depend on sucking in more "investors" to pay off the previous investors - a classic Ponzi scheme- once all of the speculation/market manipulation is wrung out of cryptos there will be literally nothing left in the ashes to recover

The same, however, can be said about ANY fiat currency, which is just a piece of paper or -more often- bits in an electronic ledger. Cryptos and fiat currency share the same problems, the only difference being that one is officially approved by a government and the other is not. There are many historical examples of fiat currencies becoming worthless due to hyperinflation, proving that there is no INTRINSIC value behind even government- backed currencies.

AFA the USD, Nixon attempted to back the USD with oil (instead of gold) and that has worked remarkably well for 50 years, but unregulated money-printing by the Fed may bring that to a close.

-----------
Pity would be no more,
If we did not MAKE men poor - William Blake

6IXSTRINGJACK

Saturday, February 12, 2022 8:29 PM

Oh... It's terrible how much energy we waste "mining" the coin.

And the worst part about it is that it just requires exponential energy to continue to do so.

What was supposedly going to be an alternative to currency that took the power out of the hands of the elites and gave it to the plebs is just allowing another means for the elite to screw over the plebs.

Most of the biggest crypo guys and gals out there were already big in traditional finance. Even worse, some of them were already banned from the traditional market.

I'm just hoping when it all comes crashing down that it doesn't take the rest of the economy with it. It's already on life support after what we did to it over Covid.

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Vaccinated People: "You need to get muh vaccination shots that don't work because I got muh vaccination shots that don't work and I'm afraid of people that didn't get muh vaccination shots that don't work because muh vaccination shots that don't work don't work."

6IXSTRINGJACK

Saturday, February 12, 2022 8:31 PM

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Vaccinated People: "You need to get muh vaccination shots that don't work because I got muh vaccination shots that don't work and I'm afraid of people that didn't get muh vaccination shots that don't work because muh vaccination shots that don't work don't work."

JAYNEZTOWN

Thursday, March 10, 2022 7:14 AM

Biden signs order on cryptocurrency as its use explodes
https://apnews.com/article/russia-ukraine-cryptocurrency-biden-technol
ogy-business-7af1d9bfda2d22046547fd9d51711ef5
Under the executive order, Biden also has directed the Treasury Department and other federal agencies to study the impact of cryptocurrency on financial stability and national security.

6IXSTRINGJACK

Thursday, March 10, 2022 7:45 AM

When I first read the headline, I thought it could possibly be a good thing.

It's not.

All they're trying to do is have complete government control over Crypto.

Part of the discussion is actually creating a US Cryptocurrency.

This is terrible news.

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Me: "Remember Covid?"

Useless Idiots: "What's Covid, durr? Russia, Ukraine, Putin, NATO *drool*. DURRRR!!!!"

JAYNEZTOWN

Saturday, March 12, 2022 4:37 AM

Biden KILLS Crypto! And blames it on Russia? | Louder With Crowder
https://www.bitchute.com/video/7uRpAzd-I5I/

Watch Joe Biden Get Lost Again, Wander Around Trying To Figure Out How To Just Get Off Of A Stage
https://rumble.com/vx095c-watch-joe-biden-get-lost-again-wander-around
-trying-to-figure-out-how-to-ju.html

6IXSTRINGJACK

Saturday, March 12, 2022 5:41 AM

Crowder and the AP seem to have entirely different spins on what Biden* is doing with crypto.

Bitcoin is up $282.00 today.

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Me: "Remember Covid?"

Useless Idiots: "What's Covid, durr? Russia, Ukraine, Putin, NATO *drool*. DURRRR!!!!"

JAYNEZTOWN

Friday, May 13, 2022 1:27 AM

Dogecoin and Ether Sink Faster Than Bitcoin as Crypto Crash Intensifies
https://www.barrons.com/articles/dogecoin-and-ether-sink-faster-than-b
itcoin-as-crypto-crash-intensifies-51652353369

Bitcoin Crashes to A 16-month Low Of $27,700 Amid UST Stablecoin Crash
https://usa.inquirer.net/100149/bitcoin-crashes-to-a-16-month-low-of-2
7700-amid-ust-stablecoin-crash

Global crypto regulation body likely in next year, top official says
https://www.reuters.com/markets/currencies/global-crypto-regulation-bo
dy-likely-next-year-top-official-says-2022-05-12/

JAYNEZTOWN

Tuesday, June 7, 2022 7:27 AM

Is central bank digital currency dangerous?

https://rumble.com/v17ih0e-is-central-bank-digital-currency-dangerous.
html

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