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How to: Unbank Yourself (Bitcoin is not enough!)

 
Bonfire
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User ID: 72418165
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12/11/2021 10:57 PM
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How to: Unbank Yourself (Bitcoin is not enough!)
Many on this site have demonstrated interest in blockchain technology and the use case of cryptocurrency. There's even a meme about it:
bitcoin

Anyway, so we are at disaster levels of incompetence in the financial sector. The cryptocurrency craze is in full swing and everybody is leering at everybody else whenever the ticker is red and patting themselves on the back on green days.

Face it, you have no idea what you're doing and you're ready to fight about it. Let's get one thing straight: I didn't do this to you and I am here to help, same as always.

Listen up! If you got into cryptocurrency before you picked up pennies and nickels then you started out in error. Go back and collect some coins because the US mint is and has always been more important than the banks. Somehow we got that backwards with Bitcoin and Ethereum over the last decade and the bankers we wanted to escape are now the ones wringing us out, or worse: those in charge now are more terrible than before.

**This post may seem naive or irrelevant to those who do not have enough saved to follow these steps. If that is the case, please get out of all your investments, especially digital currency, and seriously consider a stay for some time at a behavioral health clinic.**

How To: Unbank Yourself
1. Go close your checking account.
2. Get 1 month of expenses in coins.
3. A savings of 3-6 months cash, too.
4. Trade your coins and cash.
5. Now that you have all your friends with cash and coins at home together and everybody is getting along and we're dancing on the graves of the banks while the mint is in full swing with new branches all over the country punching out shiny new eagles in our healthy economy where people aren't killing themselves over bits of data, you can finally start thinking about digital currency.
6. Please do not ever use Coinbase, Kraken, Circle, or any future incarnation of a digital bank or publicly traded entity to trade coins, cash, or digital currency! That's a bank and we are unbanking to escape financial enslavement, so please please please do not forget that Liberty is why we are doing this in the first place.
7. Thanks for zeroing the balance on you credit card every bill, never allowing pornography nor prostitution into your life, and for loving your neighbor enough to not pump and dump ponzi or multi-level market schemes.

And that's about it!

Once we have this really cool network of productive people in a thriving economy trading cash and coins from their homes for digital currency (hopefully soon) then we can start playing with ideas like blockchain stock market, copyright, and land registry. Oh we also get the added benefit of seeing people face-to-face and forming meaningful connections with like-minded shapers of the free world instead of isolating ourselves to be dominated by our machines while waiting for our turn to go to "The Island."

Closing Remarks:
Phones and computers are necessary for digital currency yet are made from the same material as coins. Therefore:
NOT BEFORE YOU HOLD COPPER COINS SHALL YOU EVER HODL DIGITAL COINS!

---> I dare you to offer a free dime or a free satoshi to someone and see which they prefer. <---
"Man, whose tool of survival is the mind, does not merely fail to teach a child to think, but devotes the child’s education to the purpose of destroying his brain, of convincing him that thought is futile and evil, before he has started to think."
Anonymous Coward
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12/12/2021 09:52 AM
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Re: How to: Unbank Yourself (Bitcoin is not enough!)
also people don't know that if you're using credit cards, you're enabling the monsters that are stomping on us and taking away our damn God given rights

In the United States, the average credit card interest rate paid by interest-bearing accounts is 19.33%. The second largest source of income for credit card companies are fees collected from merchants. When a retailer accepts a credit card payment, a percentage of the sale goes to the card's issuing bank.
Anonymous Coward
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Switzerland
12/12/2021 09:55 AM
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Re: How to: Unbank Yourself (Bitcoin is not enough!)
So your solution is to hold rapidly depreciating assets like the USD shitcoin?

Dumbass.
Anonymous Coward
User ID: 80752293
United States
12/12/2021 10:02 AM
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Re: How to: Unbank Yourself (Bitcoin is not enough!)
Many on this site have demonstrated interest in blockchain technology and the use case of cryptocurrency. There's even a meme about it:
:bitcoin:

Anyway, so we are at disaster levels of incompetence in the financial sector. The cryptocurrency craze is in full swing and everybody is leering at everybody else whenever
 Quoting: Bonfire


.



bitcoin is elite invention, it is next step towards total control and manipulation of people.
Simpletons don't see it as they are not IT people.
Good IT people know bitcoin can be designed in to what banksters want, and it will not stay as it was initially invented due to many limitations, to solve them it will need to be change once changed it will not have properties once use to have.


Real estate, precious metals, diamonds, hard assets.

have 2-3% in crypto assets if you are adventures.

But do not adopt it, or we all gonna be fucked royally.

Use your imagination and think how the world will look where there is no cash and each transaction can be traced and performed with chip authentication.






.
Anonymous Coward
User ID: 80276182
Australia
12/12/2021 10:02 AM
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Re: How to: Unbank Yourself (Bitcoin is not enough!)
Ahh..the thread science has been waiting for all these years.

Absolute proof that one can be highly intelligent & have a fundamental grasp of situations many other don't even realize exists...and yet, still be a retard.
Anonymous Coward
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12/12/2021 10:06 AM
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Re: How to: Unbank Yourself (Bitcoin is not enough!)
also people don't know that if you're using credit cards, you're enabling the monsters that are stomping on us and taking away our damn God given rights

In the United States, the average credit card interest rate paid by interest-bearing accounts is 19.33%. The second largest source of income for credit card companies are fees collected from merchants. When a retailer accepts a credit card payment, a percentage of the sale goes to the card's issuing bank.
 Quoting: Anonymous Coward 80839757


they tried to pass a law that would force merchants to print the hidden fee the merchant is passing on in your reciept but they defeated that law... this has to be made on a federal level so people can see the cost of credit. but they dont want people asking the merchants hey whats this fee for.
sre

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12/12/2021 10:07 AM
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Re: How to: Unbank Yourself (Bitcoin is not enough!)
Global Peoples Monetary System is a possibility.

Www.gpms.world
Anonymous Coward
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United States
12/12/2021 10:07 AM
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Re: How to: Unbank Yourself (Bitcoin is not enough!)
So your solution is to hold rapidly depreciating assets like the USD shitcoin?

Dumbass.
 Quoting: Anonymous Coward 79971476


You need to learn the difference between currency and money. My basement is full of copper pennies and nickels. It has real value unlike paper dollars that depreciate in value.

[link to www.coinflation.com (secure)]
Bonfire  (OP)

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United States
12/12/2021 10:08 AM
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Re: How to: Unbank Yourself (Bitcoin is not enough!)
So your solution is to hold rapidly depreciating assets like the USD shitcoin?

Dumbass.
 Quoting: Anonymous Coward 79971476


This is not a solution. This is the only option.

Hold the elements (eg. copper coins) that make phones and computers and the Internet possible, since digital currency would not exist without copper cables and copper circuits and copper modems.

The US coins are base elements first, currency second. Each has a melt value and a face value. Anyone interested in escaping the rapidly depreciating face value of USD will not overlook the opportunity to obtain inexpensive base value of copper coins.

If you don't hold and trade coins before digital certificates then whoever owns the infrastructure owns you and all your electro-shitcoins.

Do you enjoy climbing out on a limb only to cut off your branch?
"Man, whose tool of survival is the mind, does not merely fail to teach a child to think, but devotes the child’s education to the purpose of destroying his brain, of convincing him that thought is futile and evil, before he has started to think."
Anonymous Coward
User ID: 69057032
United States
12/12/2021 10:15 AM
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Re: How to: Unbank Yourself (Bitcoin is not enough!)
Unless a nation is totally sovereign and self sufficient, meaning all money and resources are held within its borders, its people being armed to the teeth against enemies foreign and domestic there is no unbanking yourself. Only a matter of time before all money becomes digital, then it will be tied to nothingness, a mere digit in a world created by a person with programming capabilities. Voodoo money.
Crypto-Tard

User ID: 78144147
United States
12/12/2021 10:23 AM

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Re: How to: Unbank Yourself (Bitcoin is not enough!)
also people don't know that if you're using credit cards, you're enabling the monsters that are stomping on us and taking away our damn God given rights

In the United States, the average credit card interest rate paid by interest-bearing accounts is 19.33%. The second largest source of income for credit card companies are fees collected from merchants. When a retailer accepts a credit card payment, a percentage of the sale goes to the card's issuing bank.
 Quoting: Anonymous Coward 80839757


The 2% credit card merchant fees are a huge tax on the economy. If a business makes a 10% profit, these fees are a 20% tax on profits.
When you are afraid of losing your life, you have already lost your life.

Don't be afraid.
mondali2

User ID: 81488079
Thailand
12/12/2021 10:25 AM
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Re: How to: Unbank Yourself (Bitcoin is not enough!)
Don't hold just any US coin, hold us coins that are real gold, real silver and real copper. All of which have stopped being minted. Junk silver is the best at this time. Our pennies are not 100 percent copper anymore. basically almost worthless.
mondali2
Anonymous Coward
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12/12/2021 10:25 AM
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Re: How to: Unbank Yourself (Bitcoin is not enough!)
Nice list OP, I can't add much more to the list just to say that we can and should encourage state treasuries to open gold and silver repositories and blockchains to establish gold and silver backed crypto-money.
Eilonwy

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United States
12/12/2021 10:26 AM

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Re: How to: Unbank Yourself (Bitcoin is not enough!)
I think paying with cash will be fun.

I'm with you.
“A grower of turnips or shaper of clay, a commot Farmer or a king--every man is a hero if he strives more for others than for himself alone.”
Lloyd Alexander, The Castle of Llyr
Bonfire  (OP)

User ID: 72772984
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12/12/2021 10:26 AM
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Re: How to: Unbank Yourself (Bitcoin is not enough!)
Unless a nation is totally sovereign and self sufficient, meaning all money and resources are held within its borders, its people being armed to the teeth against enemies foreign and domestic there is no unbanking yourself. Only a matter of time before all money becomes digital, then it will be tied to nothingness, a mere digit in a world created by a person with programming capabilities. Voodoo money.
 Quoting: Anonymous Coward 69057032


Hold on there partner.

The US has existed without banking in years prior. The mint presses coins for this very purpose. No amount of credit can get the mint smashing gold stellas, otherwise with the National Debt we've got we'd be flush with crowned liberties.

No bank is necessary to mint and trade coins.
If you hold coins and support the mint you will be what is standing in the way of a world of nothingness.
"Man, whose tool of survival is the mind, does not merely fail to teach a child to think, but devotes the child’s education to the purpose of destroying his brain, of convincing him that thought is futile and evil, before he has started to think."
Pentagonal#Triangle

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Romania
12/12/2021 10:27 AM
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Re: How to: Unbank Yourself (Bitcoin is not enough!)
You need to learn the difference between currency and money. My basement is full of copper pennies and nickels. It has real value unlike paper dollars that depreciate in value.

[link to www.coinflation.com (secure)]
 Quoting: Anonymous Coward


Thanks for the tips,so 1kg of pennies is a dual investment with the same amount of currency
Anonymous Coward
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United States
12/12/2021 10:28 AM
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Re: How to: Unbank Yourself (Bitcoin is not enough!)
Recommend some alternative exchanges for crypto
Anonymous Coward
User ID: 80257640
United States
12/12/2021 10:29 AM
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Re: How to: Unbank Yourself (Bitcoin is not enough!)
Don't hold just any US coin, hold us coins that are real gold, real silver and real copper. All of which have stopped being minted. Junk silver is the best at this time. Our pennies are not 100 percent copper anymore. basically almost worthless.
 Quoting: mondali2


So what years did they make real gold, silver and copper coins? You cut a penny open and it's not copper all the way through. Was there a date when they made real copper pennies?
Anonymous Coward
User ID: 80562797
United States
12/12/2021 10:32 AM
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Re: How to: Unbank Yourself (Bitcoin is not enough!)
Don't hold just any US coin, hold us coins that are real gold, real silver and real copper. All of which have stopped being minted. Junk silver is the best at this time. Our pennies are not 100 percent copper anymore. basically almost worthless.
 Quoting: mondali2


So what years did they make real gold, silver and copper coins? You cut a penny open and it's not copper all the way through. Was there a date when they made real copper pennies?
 Quoting: Anonymous Coward 80257640


1909-1982 1 US Penny was 95% copper

[link to www.coinflation.com (secure)]
Anonymous Coward
User ID: 80905985
Algeria
12/12/2021 10:37 AM
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Re: How to: Unbank Yourself (Bitcoin is not enough!)
Well.. if it wasnt for my coke infatuation when it was aboot 700 a coin and since I spend 4K over 5 years smoking that bullshit.. Id be a millionaire now..

Id chalk that shit down to bad choices in life
mondali2

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Thailand
12/12/2021 10:40 AM
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Re: How to: Unbank Yourself (Bitcoin is not enough!)
Any United States dime, quarter, half dollar or dollar that is dated 1964 or earlier is made of 90% silver.

Nickels were not silver
mondali2
Bonfire  (OP)

User ID: 72772984
United States
12/12/2021 10:42 AM
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Re: How to: Unbank Yourself (Bitcoin is not enough!)
Well.. if it wasnt for my coke infatuation when it was aboot 700 a coin and since I spend 4K over 5 years smoking that bullshit.. Id be a millionaire now..

Id chalk that shit down to bad choices in life
 Quoting: Anonymous Coward 80905985


Is that what everyone uses Bitcoin for? I was wondering why nobody has seemed at all interested in trading crypto for goods or physical labor...they were only in for the drugs and I was in for the tech.

eyeroll2
"Man, whose tool of survival is the mind, does not merely fail to teach a child to think, but devotes the child’s education to the purpose of destroying his brain, of convincing him that thought is futile and evil, before he has started to think."
Anonymous Coward
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12/12/2021 10:47 AM
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Re: How to: Unbank Yourself (Bitcoin is not enough!)
Any United States dime, quarter, half dollar or dollar that is dated 1964 or earlier is made of 90% silver.

Nickels were not silver
 Quoting: mondali2


Are nickels worth saving? Are all dates of them okay?
Anonymous Coward
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12/12/2021 11:05 AM
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Re: How to: Unbank Yourself (Bitcoin is not enough!)
Some thoughts on this topic
"unbanking" is a good idea IMO, but people have different specific reason to do it.

keep in mind that withdrawing large amounts of cash is reported by your bank to the IRS. If you withdraw cash in increments attempting to avoid the disclosure, the bank will report you to the IRS as "structuring" which is illegal.

Even If you buy gold or in increments that break the threshold somewhere in the neighborhood of 10k, is must be reported on form 8300.

Buy gold, below reporting threshold, Trying to involve as few entities as possible in the transaction. Probably coins in different dominations (it is higher in cost) but as a currency it works better than chipping chunks from a bar, and is less likely to leave buyer or seller with a balance due.

Buy gold jewelry and trinkets with verified value (documented if possible) as untraceable bartering material.

The Above IMO, is best to hedge against hyperinflation and as survival currency.

It is not an investment tool.
Anonymous Coward
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12/12/2021 11:06 AM
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Re: How to: Unbank Yourself (Bitcoin is not enough!)
Any United States dime, quarter, half dollar or dollar that is dated 1964 or earlier is made of 90% silver.

Nickels were not silver
 Quoting: mondali2


Are nickels worth saving? Are all dates of them okay?
 Quoting: Anonymous Coward 80257640


Yes, contains copper, is real US Treasury money and is not the Federal Reserve currency.
Endtimewatchman10

User ID: 76376503
United States
12/12/2021 11:10 AM
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Re: How to: Unbank Yourself (Bitcoin is not enough!)
Don't hold just any US coin, hold us coins that are real gold, real silver and real copper. All of which have stopped being minted. Junk silver is the best at this time. Our pennies are not 100 percent copper anymore. basically almost worthless.
 Quoting: mondali2
Exactly...pennies....copper coated zinc.
Endtimewatchman1
Anonymous Coward
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12/12/2021 11:13 AM
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Re: How to: Unbank Yourself (Bitcoin is not enough!)
you might think that if you are paying off your credit card and not paying interest that they are not gaining anything from you.

However, those card transactions generate more than 2% profit for the banks, which is charged to the merchant and in turn passed on to you.

Ask for a discount for paying cash and use cash instead
Endtimewatchman10

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United States
12/12/2021 11:14 AM
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Re: How to: Unbank Yourself (Bitcoin is not enough!)
I avoid anything digital and will use cash as long as I can.
Endtimewatchman1
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12/12/2021 11:17 AM
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Re: How to: Unbank Yourself (Bitcoin is not enough!)
I knew of bitcoin back in 1991. some of you werent even born then and some of you were still trying to decide if you wanted to sign up for AOL dial up.

They were used as "markers" for underworld transactions ( think of john wick shit )



Unless someone holding the "coin" passed it on to you or you mined it , it was impossible to get your hands on some.
"mining" was permission based. you needed to be a "made" entity to be able to mine.

mainly used for human trafficking, arms%weapons, drugs

At the time, I was solicited by a non arab middle eastern company that wanted to buy out my tech company ; and if agreed, the monies would be in bitcoin.

I was given uncommon knowledge of their banking system.

The war in iraq was still on and added to the mix of human trafficking,drugs,arms&weapons....now also ART & ANTIQUITIES..
tbc........
Anonymous Coward
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12/12/2021 11:17 AM
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Re: How to: Unbank Yourself (Bitcoin is not enough!)
So your solution is to hold rapidly depreciating assets like the USD shitcoin?

Dumbass.
 Quoting: Anonymous Coward 79971476


You need to learn the difference between currency and money. My basement is full of copper pennies and nickels. It has real value unlike paper dollars that depreciate in value.

[link to www.coinflation.com (secure)]
 Quoting: Anonymous Coward 59605405


hesright

Which is a big reason Trump had to go. He would have returned the US to Treasury Notes...owned by & accountable to US Citizens.

Instead we now have "Federal Reserve" notes, private loans by a central bank to the US Govt which represent DEBT owed by the US Citizen to the Federal Reserve Bank.

That's right, every dollar printed is DEBT owed by you & your children to globalist bankers.

Thing is...that debt is never loaned either the intention it will be repayed...default & perpetual debt slavery is a much more enticing outcome to the central banks & their cohort.

Once you understand this...you'll realize a real copper nickel is in reality infinitely more valuable than a pile of counterfeit green paper printed up in the latest "stimulus".
Another Brick in the Wall

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12/12/2021 11:25 AM
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Re: How to: Unbank Yourself (Bitcoin is not enough!)
I would have to add on another room
Another Brick in the Wall





GLP