Saturday, May 14, 2022

Who put the Crypt in Cryptocurrencies?

On Thursday this week, all sorts of cryptocurrencies crashed including Bitcoin. Here are a couple stories about it:

More than $200 billion erased from entire crypto market in a day as sell-off intensifies

Cryptocurrencies Melt Down in a‘Perfect Storm’ of Fear and Panic

Alt media sites have been pushing bitcoin and other cryptocurrencies for a while now, as a hedge against the dollar crashing and usually for the fall of the economy. I admit, I don't know that much about digital currencies except for the fact that I did not believe they were in any way safe as a holding of wealth. My thoughts were always, what if they shut down the internet or the electrical grid? How would you be able to use any digital currencies after that?

Frankly, I thought it would take an internet shutdown or an electrical grid issue to take down cryptocurrencies. Nope. One night you go to bed with $400,000 worth of bitcoin and the next morning it is worthless. Just – whoops! - how did that happen? A lot of people lost their life savings. Who knows, maybe it was a scam all along.

Oh and as for Twitter Theatre – dont believe any of it. Years ago, when “Cue” was new and everyone believed he was on our side, Nancy Pelosi and Adam Shiff wrote official letters to Google and Twitter accusing patriots of being 'Russian Bots', and demanded that those accounts be removed. That was when the censorship was just starting. They will use the bot issue to take down real accounts – mark my words. Best bet is to get off twitter now, before they take you down for your disinformation (truthtelling).

Keep your head on a swivel. Take care out there.


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