Comments by "" (@foxmoongaze) on "Lynette Zang" channel.

Without government sticking their fingers into everything we would be paid the fair market rate, and be able to spend at the fair market rate. You were probably much closer to this 47 years ago. Now, most of the value gets sucked into the system before workers get their share.
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As far as I'm aware, BRICS countries may use gold as a means of settlement between countries where a deficit exists at the end of the accounting period. Gold was never suggested as backing a currency, nor was a common currency ever put forward, other than in settlement.
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It was not pure confiscation in 1933 as although there was an executive order, the surrender of gold relied on voluntary surrender and was bought above the then statutory price by the government.
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Russian military equipment is only subpar in western propaganda. For instance, only Russia has hyper sonic missiles, it's aircraft are the equal of those in the west and it's tanks are far more suitable for war fair in Europe than anything the USA or EU has.
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Bitcoin: A Peer-to-Peer Electronic Cash System - Speculation value has grown around it not because it's money but mostly for greed and profit. As a currency it does not work well.
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@larrylewis6725 Banks around the world are also buying gold. Do you really understood how bitcoin works? It was designed as a peer to peer version of fiat currency/cash avoiding financial institutions. It requires very large amounts of expensive computing power to validate blocks/transactions and does not work well/efficiently as currency for more than a few transactions a second for the whole world. By the way, blockchain itself is a common and simple programming construct that was in use for many years prior to bitcoin - it's just a hashed linked list and I guess calling it "blockchain" sounds sexier.
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Each bitcoin carries the whole of it's particular history with it. What happens to your bitcoin if a previous owner used it for criminal, or sanctioned, purposes - will it be classed as contraband and confiscated? Would you exchange a nice clean history bitcoin for, or accept in payment, one with a questionable past - bitcoin are not equal to each other, they are not fungible.
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@josephbrown5187 Sounds like you need a better understanding. People are not pretending that digital software, digital photos and digital music are "money", although all have value because they provide something of benefit. Bitcoin only provides an encrypted password on a hashed list for the same cost as a country size amount of energy, and no one provides any reasons for that to continue to be funded year after year....... And, why would 99.9% of the world surrender their wealth and bow to the 0.01% who own bitcoin, it makes no sense.
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@BullsEye3333 I'm actually amazed at how cleverly the western governments in particular have managed to brain wash their populations away from gold, and silver, and to use worthless alternatives. This has given rise to a warped idea of what underpins wealth. We could choose anything as "real" money but still the best choice is gold and silver because all alternatives have more problems trying to be money. I'm a software engineer and have read the bitcoin whitepaper, and how it currently works - it's basically an accounting system for payment just as fiat in a bank account, but attempts to avoid financial institutions - it has many issues and dependencies. I would say speculate in bitcoin, but be very careful about believing it is money.
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