Monero is the way. Look into it, mine it (you can do it on your CPU), transact with it. The Venetian/Black Nobility love BTC (I have mix thoughts about "Satoshi"), they hate Monero. Doing literally everything they can to shut it down. Currently, The FEDS have a 500k+ bounty to crack it. Can't be done, lol. It's funny, because Monero comes from Esperanto. Symbolism will be their downfall. There is a White Nobility, always has been. The Cosmos just has cycles, and our (humanities) time is now.
Monero: Look into it, mine it (you can do it on your CPU), transact with it.
You can exchange BTC for XMR in the Exodus wallet. Lots of people in the Monero community like/use cake wallet. Haven't tried it yet, though. You can also use web services like https://changenow.io to swap coins.
This is an insult disguised as an argument, typical of Taleb. BTC was never meant to be some anonymous thing, the point was simply an alternate medium of exchange besides central currencies. If anarcho-cap types didn't understand that, that's their problem.
This was way way way way obvious to anybody who followed how the Feds took down Silkroad.
anonimity and traceability is completely different things. You can trace BTC payment from address to address (all BTC transactions is stored in blockchain), but you can't bind an address to a person, if one don't want to.
It is now. Because central banks have started making their own online coins. Instore prepaid top up creditcards cashing in on the virtual lootbox mania. Offering their customers with another voucher to invest. Because people buy anything and other people sell everything. You too can buy playdo. How do I get the coin out of my phone. Umm you really don't. It buys virtually nothing you can feel. If it does your purchase is now tracked and why didn't you just use cash for it. You're not beating the taxman unless you didn't declare.
However said it isn't. BTC is subject to systemic fraud. It easily skirts sanctions. It is also used to launder. Still it is primarily used to buy moody goods, goods without warranty or receipt, and foreign services. But nonetheless it is highly volatile offering no security. It is subject to constant hacks. It is subject to no standardization and no fixed rate. By the time your purchased has completed you have already been robbed of value. By the time you have traded cashing out you often commit a crime or support it.
Yes, but that's not the point he's making. Any single transaction can be traced back far enough with the distributed ledger with enough time an patience, yes, but within a very short period of time that single transaction multiplies into a hundred legitimate transactions and back and forth again into crypto at time, essentially making it no different than cash.
Monero is the way. Look into it, mine it (you can do it on your CPU), transact with it. The Venetian/Black Nobility love BTC (I have mix thoughts about "Satoshi"), they hate Monero. Doing literally everything they can to shut it down. Currently, The FEDS have a 500k+ bounty to crack it. Can't be done, lol. It's funny, because Monero comes from Esperanto. Symbolism will be their downfall. There is a White Nobility, always has been. The Cosmos just has cycles, and our (humanities) time is now.
Monero: Look into it, mine it (you can do it on your CPU), transact with it.
You can exchange BTC for XMR in the Exodus wallet. Lots of people in the Monero community like/use cake wallet. Haven't tried it yet, though. You can also use web services like https://changenow.io to swap coins.
Monero is used to launder money. The wallets are also highly susceptible to being hacked. Investors be warned.
Lies.
This is an insult disguised as an argument, typical of Taleb. BTC was never meant to be some anonymous thing, the point was simply an alternate medium of exchange besides central currencies. If anarcho-cap types didn't understand that, that's their problem.
This was way way way way obvious to anybody who followed how the Feds took down Silkroad.
anonimity and traceability is completely different things. You can trace BTC payment from address to address (all BTC transactions is stored in blockchain), but you can't bind an address to a person, if one don't want to.
Do not overestimate their IQ.
BTC is more traceable? THAN CASH?
Absolute BS.
you can wash BTC through wallets and exchanges easily.
Show me where you can do that with say 500k in cash? Nope, you can't even move >$10k without federal scrutiny.
Fuck these idiots spouting BS 'facts' about the tech WE use.
Lol its all traceable through the blockchain dummy
It is now. Because central banks have started making their own online coins. Instore prepaid top up creditcards cashing in on the virtual lootbox mania. Offering their customers with another voucher to invest. Because people buy anything and other people sell everything. You too can buy playdo. How do I get the coin out of my phone. Umm you really don't. It buys virtually nothing you can feel. If it does your purchase is now tracked and why didn't you just use cash for it. You're not beating the taxman unless you didn't declare.
However said it isn't. BTC is subject to systemic fraud. It easily skirts sanctions. It is also used to launder. Still it is primarily used to buy moody goods, goods without warranty or receipt, and foreign services. But nonetheless it is highly volatile offering no security. It is subject to constant hacks. It is subject to no standardization and no fixed rate. By the time your purchased has completed you have already been robbed of value. By the time you have traded cashing out you often commit a crime or support it.
Yes, but that's not the point he's making. Any single transaction can be traced back far enough with the distributed ledger with enough time an patience, yes, but within a very short period of time that single transaction multiplies into a hundred legitimate transactions and back and forth again into crypto at time, essentially making it no different than cash.
Yawn everything is traced when you cash out.
Hasn't crypto been raided with accounts seized and assets frozen. Yes of course increasingly.
Although yes you can still skirt sanctions buy in and cash out in timbuktu. Although the volatility is charging you far more for any service.
There are sites that purposefully mix your coins up. Mixing pots. Been doing this since I had a butterfly miner.
Sry for late reply, this 'dummy' has been on vacation.