Why I Ditched Crypto

Posted by Burtman on
Sep 30, 00:28.
September 30 2025, 12:28 am.

Updated:
Sep 30, 00:47.
September 30 2025, 12:47 am.

Read Time: About 4 Minutes

For those who remember the earliest days of Burtman, my decision to drop crypto support might have come as a surprise. After all, my entire donation model was based on cryptocurrency. It was how I'd hoped to maintain the project. The truth is that I had always been somewhat naive about crypto - even buying the official line that it was a private alternative to government-monitored bank transactions. Well, that's because I hadn't understood what was coming next.

When crypto first showed up, it was marketed as a novel idea by an anonymous inventor, which may or may not catch on. An alternative way to buy and sell goods and services, which didn't allow the government to poke their warty nose in. Sounds great. I got myself a wallet and bought some crypto. I even sold a few websites for crypto, believing it was a sound investment. And then the Bitcoin boom came, and the value went through the roof. This was excellent. I was surely onto a winner.

But then it crashed. And then it boomed a bit more. And then it crashed a bit less... And it started to look exactly like the FIAT charts. I became suspicious that it could just be another scam by the usual suspects. And as I dug into that, I found the theory held water. And who were the biggest hoarders of Bitcoin and other crypto imaginary funds? Do you I really need to tell you?

Over time, I've seen more and more regulation appear around crypto, which turned me off it. Then I saw red flags. The companies that develop the "privacy coins" are associated with Billybob Gates and his endless list of companies. And the CIA, of course. It all started to draw the same old picture. And then came KYC - rules requiring crypto exchanges to get ID for people buying and selling crypto - entirely removing the one selling point of all crypto, and allowing the corporate governments to poke their warty snouts in, once again, claiming "tax" and limiting our right to free commerce.

It all started to look like a setup. And then they started talking about programming it. And that's when crypto went from "privacy coins" to CBDCs. And I think that was always the plan. Chances are, the banks, who are now working on creating digital money that they control, created crypto as a prototype, to measure uptake and usage statistics and to see what the public attitude towards digital money would be - all ahead of introducing their official product, and then making it the new legal tender.

And what does that all mean?


Quick history lesson


The only money is gold and silver coins. Back in the early days of banking, a new service was set up to offer convenience and safety for your gold and silver coins. It was the bank deposit. You put your gold in the bank and they gave you a receipt which you then carried instead of all that valuable and heavy gold. When you wanted to get to your money, you could take that receipt to any bank and redeem it for gold. The bank would ensure that the gold was of the same quality and weight and you were happy as Larry.

But the banks noticed that people started just swapping the receipts, instead of carrying gold in and out of the banks all the time. The promise of payment was considered payment. And it makes sense, if you know that you can always take your receipts to the bank and claim your gold. Right? But nobody did. After a while, they forgot about the gold, and they got used to carrying paper representations of money, known as cash.

After some years without a single withdrawal, the banks made a risky bet that nobody would ever come asking about their gold. And so they stole it. The vaults were almost empty. And nobody noticed. We all got so used to thinking of the receipt as having the value of the gold it represented, that we eventually stopped thinking about the gold and treated the paper as if it had the same value. But it didn't.

The promise to pay became the payment. The gold evaporated into the pockets of wealthy bankers, and the gold standard was abolished in many places, leaving the paper without any gold to represent (and thereby, removing all value from it). But nobody noticed. Life carried on as normal.

Over time, new ways to pay were introduced, removing the need to carry cash. Now, you could just carry one card and it could be used to pay for things as if it were cash. By this point, we were already on digital money. We just didn't know it as such. Cards became the norm. Then apps started to take over. Now, people are waving their phones over payment terminals to buy things. And, of course, now you can pay with your face.

Worried? You should be.


When you look at the Chinese system, based on a social credit score, you probably shudder. I know I do. The very idea that paying with gold has been turned into paying with good behavior upsets me deeply. The power we once had to buy, sell and trade has been stolen from us by power-crazy politicians, and now there are actually places where you can only buy what they allow you to buy, in the quantities they permit, and only if you've been "good".

It's easy to see how terrible this dictatorship is, because you don't live under it. You feel sorry for those who do, but it could never happen to you.

Except that it's about to.
That is, if you accept CBDCs ( The Dash From Cash) and Digital ID (explained in The Border "Crisis" & The Eradication Of Civil Liberties)

So don't.
Put an end to this madness.
Like me and so many others, you really need to ditch crypto and go back to cash. Gold, if you have it.

The sooner, the better. Time is running extremely short.



Permanent Link To This Article: https://www.burtman.net/posts/?ident=BC_why_i_ditched_crypto

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