Topic: Central bankers to obtain all bitcoin in the end. (Read 193 times)

If you are an anti btc or anti crypto person then i do not think that this forum is the right place for you to be, yes you can post in social media or post at other relevant places but this forum is for crypto enthusiasts and i do not think you will get any encouragement or positive response here.

The logic is that fiat can everything and that's also making bitcoin buy everything. The difference is bitcoin is becoming better and valuable than it because of its volatility.
And that's making everyone to have it so that does mean if the government wants to take "all", they'll get yours and mine?

If everyone is required to make their own currency, then how does the system determine the value of 1 coin made? whether to operate with a network that you create yourself? Wouldn't it seem very ineffective if everyone were basically trading their own coins? who will buy it while everyone has their own coins.
I think there is nothing to sell other than for a private coin collection.

I believe your line of thought is flawed, miners sell their BTC for fiat, but those people that bought BTC from miners are not selling to Central banks. Miners collect fiat from investors to pay for electricity and mining rigs, if in future Government start collecting tax in BTC then I will say, all BTC leads to Central government.

I thought central banks are against the idea and not into some speculative assets. So, you're saying these central banks will create a huge amount of supply of fiat to bought bitcoin and suck it out in the market?

Do you think this creates a utopian era of finance and economy? How do you plan to implement it?

No comment from the bitcoin OGs, Yah that`s right you are just a bankers bitch still. Satoshi when you going to man up and create something that replaces fiat, not makes you some of their scam money.

You are playing the game if you can`t beat them join them, We can beat them.

Duration coin does not exist yet, so I am not here to shill a alt coin to make fiat for myself, just sharing an idea that might save my species.

I talked about it many times on this forum over the past 10 years and the forum moderators decide to ninja delete it, so I have to make a new post.

It would be a coin distributed via elapsed duration.
Everyone would get 1 hour coin an hour or 1 second coin a second, it would be like welfare, disability or universal basic income.

So instead of a few minting the supply and distributing it, a software distributes supply fairly to all participants at the same rate.
This does not mean you can`t earn more than another by working, I encourage that.

People here say it can`t be done in a decentralized manner but it can.
Using this technology https://www.popularmechanics.com/military/research/a28210348/pentagon-heartbeat-laser-beams/
Software can give everyone a address based off their heart beat signature.
Then you distribute supply to the address at a fixed rate.

Kind of like POS but everyone has the same stake of 1.


Things bitcoiners complain about:
1. I don`t want to sign up.
That is fine, it is for willing participants.

2. I don`t want to give up my heartbeat signature.
You already do, and they will use this tech in military drones to auto aim your heart through walls in the future, Go ahead, opt out of your heart beating.

3. The coin won`t be worth anything if they just keep printing it.
My farm will always accept duration coin for peaches and cherries at a fixed rate.

4. No one will want to work then.
If you want the finer things in life you will, If you want to feel you are contributing to society you will. If you want more than others you will work for more.


So I already have the software done, that distributes supply at a fixed rate to addresses. The problem I have with creating it, is the funding to create the sign up stations that are live streamed to the blockchain and the heartbeat sensor tech that is linked to your accumulation address(you can have multiple spending addresses).

What is duration coin? I have never known about duration coin.

Fiat, bitcoin, altcoins are most common. Stable coins are the fake fiats as they are minted from the air, no one knows how those stable coins are backed or pegged behind. They simply believe there are pegged amount of fiat for those stable coins and enjoy fast transaction speed, many trading pairs on exchanges and skip uncertainty about future of those stable coins and companies that mint it.

If I am buying BTC, I will buy it with my fiat, not stable coins. Fiats can drop in value as inflation but stable coin will drop in value too as they peg to dollar, aren't they? With fiat, risks of shutdown are smaller, very small.

What is electricity bought with?
What are coins bought with?
What are miners bought with?
Fiat.

Who will have the biggest mining farm in the end?
Central bankers

Who will collect all coins in the end from network fees AKA enforced tax fees?
Central bankers

Sorry to say
"bitcoin is almost as bs a fiat" -Elon Musk

Stay enslaved idiots.
I showed you the way out and my post keep getting deleted from this forum for 10 years now.


Everyone should be creating the currency not a select few(fiat) or people with cash(bitcoin).

Mint supply 1 hour coin an hour to all willing participants.