Welcome • User Guide
ToS • Privacy • Canary
Donate • Bugs • License

©2025 Poal.co

1.1K

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?

(post is archived)

You are currently inside a comment thread.
Click here to see all the comments (124).
[–] • 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