Ep.466: Roundtable: Is Crypto a Ticket to Freedom, or Honeypot Trap? | Courtenay Turner Podcast
In this roundtable discussion Craig Wenclewicz, Mathew Crawford, Aaron Day and Courtenay Turner discuss the current fiat currency system and the future of cryptocurrencies.
Can cryptocurrencies provide a path to freedom, sovereignty in a system of self governance or will they be the honeypot to a surveillance state?
The panelists with varied backgrounds and areas of expertise discuss their predictions and potential possibilities.
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Whistler Blowers, Insiders
My Fellow Americans:
“Crypto’s” are the just the latest version of the classic “Ponzi Scheme”.
Crypto’s have ZERO intrinsic value, therefore the only way it makes money is to keep new suckers pouring money into the scheme.
The fact it is computer based simply means this version of Ponzi is taking advantage of the lastest technology to con people.
Crypto’s are a great GAMBLING mechanism,
Crypto’s are great for quick, computer based transfer of payments,
Crypto’s are great for getting passed most (NOT ALL) traditional payment fee’s
Cryptos’s are great to move away from “central bank” controls,… for now…
BUT!,… but…
Crypto’s are NOT a “Store Of Value”
Crypto’s do NOT have any “Intrinsic Value”,
Crypto’s are NOT safe from remote theft (there are already multiple cases of people’s crypto’s being stolen)
Crypto’s do NOT facilitate easy exchange (requires computers and access to the global internet system)
Crypto’s do NOT provide for a “Measure Of Value”,… a requirement for REAL MONEY.
JD – US Marine: When You Put Currency Into Crypto’s, Remember,… YOUR GAMBLING.