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494

And of course there's a war with Russia, which might try to destabilize the western economies and monetary system if that's possible.

Shouldn't the prices for those commodities be sky-high because everyone tries to hedge against inflation as well as the looming monetary crisis? Why isn't that the case?

And of course there's a war with Russia, which might try to destabilize the western economies and monetary system if that's possible. Shouldn't the prices for those commodities be sky-high because everyone tries to hedge against inflation as well as the looming monetary crisis? Why isn't that the case?

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[–] 0 pt

Crypto is "created" as fiat the same way you nigger lover.

[–] -1 pt

No, it's not you dumb ass. Using bitcoin as an example, you have to do a ton of cpu computations and set up the infrastructure to create it. You can't just wish it into existence. US dollars are literally created by kike banks AT WILL to give to BLM, etc.

[–] 0 pt

Do you have any idea what they're computing? They're computing the legitimacy of (((bitcoin))) itself and it's transactions. They're computing things of value. It's a fiat currency and you fell for it.

[–] 0 pt

They are computing sha256 hashes trying to get to a certain number with x amount of zeroes in front of it. First one to that number gets to compose the transactions that go in a block and gets the block reward in bitcoin. I think it's 6.25 bitcoin now. This happens roughly every ten minutes. The point of it is to create a legitimate chain of transactions that anyone can instantly verify and KNOW no one is creating more bitcoin than is allowed by the protocol.

The word fiat is really insignicant but most use it to mean a bank or govt. currency that is just created for whatever the hell they like. Hopefully you are aware that kike banks literally create US dollars out of thin air.

https://www.youtube.com/watch?v=JG5c8nhR3LE