BBC Bitcoin mining report used in crypto-scam

Started by OZER, Dec 20, 2021, 12:56 AM

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Lets not blame government printing money .


This was one of the most fascinating congressional panels that I have seen! Learned alot about Crypto. And yet, some of the questions...

bingo at 11:00 minutes, hmm we need to strengthen the workforce in America, too much power to various companies and employers who export American job labor and now are anti-union. If the minimum wage had matched inflation from 1968 we would be looking at 2021 rate of $25 per hour to allow persons in America, to afford to save for homes, rent cheap, save for emergencies and generate wealth for all Americans but with the minimum at $7.25, we have a poverty wage and over 40%of the American workforce is living pay check to paycheck, millions fell into poverty in 2020 pandemic. The freakin child tax credit literally lifted some 20 million-plus children out of food insecurity.  Too many hedge funds and private equity firms driving up housing, rentals across America in all 50 states, and we are about to remove 455,000 truck drivers off the roads in less than 10 years with automated trucks, is one another example of millions of families being affected with job changes and the economic change of America in the 21st century.

Really interesting that every bodies talking about how this is creating value for everyone, but failing to mention that we lose much of the value of decentralization when we rely on the institutions represented here.



I believe that US gov. will not make this situation getting worse.

If you want maximum safety, regular dividends, and regular price gains, then buy the five largest Canadian banks. They are Royal Bank of Canada (RY), Toronto Dominion Bank (TD), Bank of Montreal (BMO), Bank of Nova Scotia (BNS), and CIBC Bank (CM). But don't take my word for it. Research the history of these bank stocks. Maybe in three or four years from now, you will be thanking me after your stock portfolio keeps going up. People will always require banking services.

I can't understand the mandate for the federal reserve is supposed to be stability when they are the ones to cause even more unstable events. They should only ever control the money supply based on the population and not by natural disasters and now we're seeing the product of that happening. People always seem to blame companies first for a lot of the issues at hand whenever we have a crisis arise but don't understand who were the ones to start it and continue to produce more of them. Interest rates should be at least a couple of percentage points higher because these low interest rates are providing an incentive to just borrow freely without any repercussions.   I can see why bitcoin was created to challenge the stupidity of the monetary system but again it's filled with corruption and flawed with the same issue with everyone trying to play mind games with the public to make it seem like it's a fair game. I truly think the best way to get a good money system in place that is based on merit and genuine work is by utilizing the blockchain concepts to monitor for fairness in all transactions instead of just making them public. Something that denies out weighted transactions and promotes balance and stability over the toxic growth mindset beyond everything mentality.

The wealthy are buying stocks, gold, crypto, real estate, land... anything they can get their hands on. They are even trying to buy entire neighborhoods and cities.


Why would they want to stop inflation when an explicit goal of the Fed is the continuous devaluation of the USD?

+Get rid of all these mandates, people can find work, and prices will go down.