Question #1) Apple produces iPhones. Amazon produces fulfillment services for millions of products. What does Bitcoin produce?
Digital Assets produce a functioning alternative to UNLIMITED RE-HYPOTHECATION of DEBT; that is called “The Federal Reserve” and “Debt as Money Ponzi scheme.” The value is in its processes, and the ability to be TRUSTLESS.
Question #2) Bitcoin’s “value” has increased by 350% in the last 12 months. What has Bitcoin introduced in that time period that would justify a 350% increase in its value?
The Money Laundering Act conceptually declares digital crytpo-currency mining, usage, and holding an act of money laundering and counterfeiting, particularly in regards to Federal Reserve Notes maintaining their fictitious Valueless Perception of Worth.
This could make Nevada a hub for blockchain startups and it certainly offers agorist opportunities. In this video, Vin Armani examines a brand new law in his home state of Nevada that creates a free-trade zone for cryptocurrencies and other blockchain applications exempting them from regulations. The law prohibits taxing and regulating blockchain businesses.
The goal is to “regulate bitcoin and virtual currencies.” However, there is nothing “legal” about virtual currencies. Digital Currencies are entirely NON-LEGAL and only LAWFUL. The NY-DFS has been sneaky about it too:
A business must obtain a BitLicense if it engages in virtual currency business activity involving New York State or persons that reside, are located, have a place of business, or are conducting business in New York.
Given all the non-sense with the banking system… and that there literally isn’t enough value to go around for most people on the planet, Digital Currencies are a perfect replacement available right this very moment, NOW.
Review this article describing the Importance of Negative Interest Rates. The public behavior between positive interest rates and negative interest rates is non-linear; beset with dramatic changes in public behavior. The effects of the changes in behavior is amplified within the fiat banking system. Switzerland seems to be going to negative interest rates, and their people are turning to Cash, gold, silver, bitcoins, and alt-coins:
Michael Pento, around time 9:28 in the above video , states Real Inflation Rate in the United States is -1.7%!! Use a One Year Note and subtract inflation, and we get -1.7% Real Interest Rates in the United States, Inc.
Using the above calculations the most current manipulated “official” numbers offers a:
0.58% – 0.9% = – 0.32% Real Interest Rate
Using the 1980 Metric for consumer inflation, we find: