Tim Knowles
1 min readMay 26, 2021

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Bitcoin is inflating with every coin mined. People accuse the Fed of printing money. Bitcoin prints new coins every day.

Reserve banks of Europe and America are on the verge of debasing Bitcoin with their issue of their own coins.

I don't know what you think is zero or very low but every exchange I have looked into has fees, fees much greater than my credit cards, banks and brokerages. My credit cards, banks and brokerage do not charge me fees and all have given me money to as an incentive to use them. At most they require a minimum deposit to avoid paying a fee.

If I can spend Bitcoin in tons of places none of those are places that I currently purchase from. Does Amazon take Bitcoin? Until my local grocer and Amazon take Bitcoin it is not currency.

If you live in a developed country, it will be very hard to avoid seizure of your Bitcoin if the powers that be want to take them. Ransom Bitcoins have been tracked by Law Enforcement. You will have to launder your Bitcoins if you don't want them to be able to be seized. "So it can't be seized if you properly safeguard it, which is as un-seizable as anything can possible be." My point was that in the developed world only the very rich will have the ability to hide money from the powers that be. They can track you bit coins back to you.

TEK

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Tim Knowles
Tim Knowles

Written by Tim Knowles

Worked in our nations space programs for more than 40 years

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