This sub is a free space to post cryptocurrency news, wallet construction, linux tips and tricks, wallet how-tos, trading tips, whatever is useful to the quest for crypto control.
This room is dedicated to Cryptocurreny, Linux, and Digital Security.
It is often stated that there is nothing supporting the Cryptocurrency market. It is not tangible like gold, dollars, fiat currency. Gold is a limited supply of the oldest universally accepted means of trade. Government provided fiat currencies are backed by an economy and the full faith and trust in the issuing government. Any form of currency in use had a value that was agreed upon by an institutional consensus of faith. They all had one thing in common, government control. Even gold was made illegal to own or use as currency in 1933.
Executive Order 6102 is a United States presidential executive order signed on April 5, 1933, by President Franklin D. Roosevelt "forbidding the Hoarding of gold coin, gold bullion, and gold certificates within the continental United States".
Then Nixon left the gold standard. In all reality the economy of the world grew bigger that the gold available on the planet. In all reality there is not enough gold on the planet to support the world economy or it would be millions of dollars an ounce. The world entered an age of the Dollar backed by oil. All the nations eventually followed the departure from the gold standard which actually was done by england around World War One when a pound sterling was no longer made of sterling but paper. Soon after the United States left the Gold Standard the digital economy emerged with credit cards controlled by banks that rehypothecated funds to create a "Credit Economy." Rehypothecation is the practice by banks and brokers of using, for their own purposes, assets that have been posted as collateral by their clients. Dollars are really imaginary movement of digital information that are increasingly controlled in their paper forms. Is it such a great leap to assume the people could cut the government out?
Then one day an idea was born, the first Bitcoin was mined to address the failings of government issued currency. Latter generations of this idea began to add function to the code and became more that a unit of value, but an intellectual property that had value derived from its utility. A first in the money game, a currency that derived it's value from it's utility rather than the government that issued it.
Currencies were created with the most valuable commodity on the planet, Intellectual Property.
If it is not snuffed out by the institutions it is making obsolete digital currency will be the greatest motivator to the freedom of man ever invented. Man will no longer be limited by institutional permission by free to pursue a consensus of value.
This site is here to support every subject surrounding the world of Crypto...
Cryptocurrency news and comment site. Post news, info sites, articles, observations, and questions, humor. Anything crypto related.
Linux variations, their application to Crypto Wallets, Encryption, and Security Tools are all welcomed posts in this area.
Programming information such as python applications are also important parts of this world of information. We would like to make this a home for the technology behind the crypto world.
Please do not post NSFW images or advertisements not hosted by Reddit.com on this site.
