1 year ago24 points(+0/-0/+24Score on mirror)1 child
That's because all (((banks))) are illegitimate. Never in history was there a need for banks as a means to store your hard earned money. If you were poor, you wouldn't have enough to steal anyway, if you were rich you could afford to be your own bank, have a safe and hire people to guard your wealth. There's a reason old kings built fortresses and castles with high walls and deep water around.
(((Banks))) never had a legit way to make profit by simply storing other peoples wealth for free, as vaults, offices and security cost a shitload of money on it's own.
Today's digital age doesn't change that fact as being your own bank was always only about how such system would be securely implemented. Bitcoin solved that problem back in 2008, before that, digital money shouldn't even have existed because there was no known way to do it without having to trust a (((third party))), which often end up being an (((usurer))) with a noose bigger than it's penis.
With anything digital it's also important to stop and ask. Just because we can, does that mean we should? Stupid people had already given up all control over their money to jews back in 1913 with the introduction of the federal reserve, followed by all the wars against those seeking to liberate their people from eternal debt slavery. That's the root problem.
No technological advancement should ever be put into use before we can ensure with 100% certainty that there's no risk of jews taking control over it. If all (((they))) can do is to subvert, it's time to implement, then gas all the jews before they have a chance to subvert.
1 year ago4 points(+0/-0/+4Score on mirror)2 children
bitcoin didn't solve the problem, there is extreme friction with bitcoin transactions. You would need a separate layer of payment processing to handle everyday transactions and they would clear the books between themselves.
i think bitcoin has extreme potential as a wealth storage because it's truly FINITE whereas everything else is not.
1 year ago3 points(+0/-0/+3Score on mirror)1 child
Due to the 10min block time I doubt it was ever meant to be used for micro transactions. More as a store of value, and perhaps for paying bills, which boils down to half a dozen to a dozen per month for most people.
Kind of like how when people used gold coins or cash, nobody carried all of their life savings on them at all time, but only a fraction they could afford to lose, while most of their wealth stayed back home.
Smartphones or plastic cards wasn't very widespread back in 2008, the technology for convenient in store micro transaction payments without (((centralization))) just wasn't available yet.
I think the plan always was to wait a few years, to develop something in the future that could be used for micro transactions. A sharded chain, a temporary chain, or even a local chain with just a few seconds block time that could be tied to a smartphone, a plastic card or any other physical object.
Simply put, some sort of alt coin forked from Bitcoin but with different properties, which you could easily exchange to back and forth using a decentralized exchange. Each part of that system has to work without any (((middleman))) involved.
Today all the tools exist, but due to (((regulation))) it takes time for merchant adoption. Many (((regulations))) outright requires a cut being given to Schlomo for every transaction made, often while the business has to convert it to (((fiat))).
If governments could start hoarding major cryptocurrencies as reserves, and the tax agencies would accept cryptocurrency payments directly for tax, businesses would be a lot more independent and could easily cut out the jew by never converting anything to (((fiat))).
There's so much potential and (((they))) cry in pain as they lose control over other peoples wealth.
For transaction over 20,000 dollars people usually use normal bitcoin blockchain and wait 9 minutes or more. For 1,000,000 to infinity it takes 6 blocks in a row, standard, but still under an hour waiting for 6th confirm
Yep, it had to improvise, adopt and overcome to function in today's world were people for some reason prefer (((smart))) phones, or to check fakebook on their (((smart))) washing machine over using a regular ordinary desktop PC.
1 year ago2 points(+0/-0/+2Score on mirror)2 children
Yeah banks are a necessity. Anybody thinking you should just horde gold at your apartment or house and retire off that is a complete fucking idiot. You would essentially have a lock down orders of magnitude larger than the already illegal covid ones - nobody leaving their home because all their wealth is there. You would have some sort of "we guard it for you" service, they would issue IOUs. And boom you have fiat currency.
Yeah. There's a lot of people that presume banks are terrible in all regards. Without the finance system we have today people's quality of life would be significantly worse and if White people pursued a civilization where banking was banned, then non-White civilizations would likely outpace White civilizations in development despite White people's supposed superiority thus leading to a situation in which White civilizations become threatened due to their lack of development due to a lack of financial system.
A little known fact but the Knights Templar actually had one of the most sophisticated banking systems of the time, which is what led to their success and ultimate downfall. The Pope and Nobility feared their strength thanks in-part to their financial system. Unfortunately, the jews seized this opportunity to then become the dominant group in finance and the rest is history. We're in a position of servitude toward jewish interests because of our lack of competing financial system.
The problem isn't banking in itself but the fact that bankers are jewish and promote jewish interests. Furthermore, jewish people pride themselves on scamming others, on theft, on deceit and on screwing over the little guy. A banking system run by White people would be a lot more ethical and still a valuable system for contributing to society's growth.
(((Banks))) never had a legit way to make profit by simply storing other peoples wealth for free, as vaults, offices and security cost a shitload of money on it's own.
Today's digital age doesn't change that fact as being your own bank was always only about how such system would be securely implemented. Bitcoin solved that problem back in 2008, before that, digital money shouldn't even have existed because there was no known way to do it without having to trust a (((third party))), which often end up being an (((usurer))) with a noose bigger than it's penis.
With anything digital it's also important to stop and ask. Just because we can, does that mean we should? Stupid people had already given up all control over their money to jews back in 1913 with the introduction of the federal reserve, followed by all the wars against those seeking to liberate their people from eternal debt slavery. That's the root problem.
No technological advancement should ever be put into use before we can ensure with 100% certainty that there's no risk of jews taking control over it. If all (((they))) can do is to subvert, it's time to implement, then gas all the jews before they have a chance to subvert.
i think bitcoin has extreme potential as a wealth storage because it's truly FINITE whereas everything else is not.
Kind of like how when people used gold coins or cash, nobody carried all of their life savings on them at all time, but only a fraction they could afford to lose, while most of their wealth stayed back home.
Smartphones or plastic cards wasn't very widespread back in 2008, the technology for convenient in store micro transaction payments without (((centralization))) just wasn't available yet.
I think the plan always was to wait a few years, to develop something in the future that could be used for micro transactions. A sharded chain, a temporary chain, or even a local chain with just a few seconds block time that could be tied to a smartphone, a plastic card or any other physical object.
Simply put, some sort of alt coin forked from Bitcoin but with different properties, which you could easily exchange to back and forth using a decentralized exchange. Each part of that system has to work without any (((middleman))) involved.
Today all the tools exist, but due to (((regulation))) it takes time for merchant adoption. Many (((regulations))) outright requires a cut being given to Schlomo for every transaction made, often while the business has to convert it to (((fiat))).
If governments could start hoarding major cryptocurrencies as reserves, and the tax agencies would accept cryptocurrency payments directly for tax, businesses would be a lot more independent and could easily cut out the jew by never converting anything to (((fiat))).
There's so much potential and (((they))) cry in pain as they lose control over other peoples wealth.
BITCOIN TAKES SECONDS nowdays to transfer for small trades on the LIGHTNING CHAIN of bitcoin :
=====
https://www.coindesk.com/learn/what-is-bitcoins-lightning-network/
I use old and new style
For transaction over 20,000 dollars people usually use normal bitcoin blockchain and wait 9 minutes or more. For 1,000,000 to infinity it takes 6 blocks in a row, standard, but still under an hour waiting for 6th confirm