Loading ...“My concern is what will the TPTB do to Bitcoin if/when it becomes a threat?”
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Bitcoin is already a threat to the Central Banking system. They recognize it. They cannot do anything about it as it is a peer-to-peer system with it’s own transactional network and blockchains that cannot be ‘hacked’ without it showing up in multiple, redundant cross-checks by every verifying node in the system. The banking system is trying to learn from this and construct their own blockchain-type systems. They will be latecomers to the party with low confidence and adoption rates.
Study Bitcoin. The more you know about it and how/why it was invented, the more you will understand how it is an end run around the present global transactional system… freely held by the users of Bitcoin.
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“I wish I could get excited about all the new ether money, but a cashless society seems tailor made for fleecing the sheep.”
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Only if you don’t take care of your own wallet!! That applies to paper as well as ‘bits’ Study bitcoin.
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“In 500 years gold will still be gold. Bitcoin?”
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In 500 years, I will no longer care about bitcoin, OR gold! I used to view ‘shorting gold’ as being about as sinful a thing as could be done by a ‘goldbug’. But many here still do it, as the market dictates that you must in order to make money in view of the ‘external forces’ that force gold down. Here’s a stark truth that many still do not get:
Your money doesn’t care where or how you made it!
And you can’t take it with you. The moment of power in History is NOW.