My bad, I didn't clarify. Everything you listed about cash is why it's so great. However, we are inevitably moving towards a cashless (or less cash) society). In which case, we all should be praying for that cashless system to be bitcoin, rather than US dollars in the form of 1s and 0s controlled by Visa, Amex and Mastercard, backed by the Federal Reserve or the IMF.
I'd push back a little on the spending 100k on materials to build a garage and not a word would be said. Trying to spend that level of cash untracked is nearly impossible these days. You couldn't even withdraw that amount from a bank without sending up red flags all over the place. And if you had that all saved under a mattress from a cash paying job, claiming the building on your taxes the following year without tracing where the money came from will likely attract some attention from the IRS or even law enforcement under the guise of money-laundering prevention.
As for people being tortured with the click of a button, I'm not quite sure what that is in reference to, though I don't doubt that it happens. Just like I'm sure there are people tortured with cash payments all over the world as well. That's just an unfortunate circumstance of freedom. There are bad people in the world, and they will do bad things. But if they were unable to do those things with bitcoin, then it would mean that bitcoin is not free (like cash is). If you give someone the power to prevent even evil transactions, then that means they have the power to prevent other transactions as well. That's one of the beauties (and unfortunate realities) of what makes bitcoin such a powerful force for freedom.
I understand what you are saying a little better now.
You are majorly correct, I could not pull that amount of money out of an institutionalized banking system without throwing red flags. Which is why I am not a fan of banks. I do not need someone to hold my money for me for "safeguarding"
As far as the pushback, Its all about where you are located. I currently reside in a county that has zero building permit requirements, they are not appraising anything I build to go on my taxes. I would have to have a property evaluation for a new site, but thats no problem in my area. Tons of used car lots selling brand new cars, new equipment. In the bible belt, things are a little different. Its not hard for me to give a paper trail if needed. All they have to do is look at my cashed check stubs. I have an income, I pay taxes, I just don't put my money in the banks, I pay zero banking fees, I rarely pay interest on anything, which is how you keep your money to begin with. Once it starts going into the system, people know what you have...
My reference with the click of a button is to "red rooms" where people pay by bitcoin to watch a man, woman, child be tortured to death, by any means they want to view...
While, bitcoin itself likely did not create these issues, it is the main tool used to make these rooms possible, which is the result of an instantaneous digital currency.
Damn, sounds like you live in the type of area I'd like to be in someday.
As for the red rooms, yea, as fucked up as it is that is always going to be there. Sure digital currencies may make it easier as compared to something like the movie Hostel, but if it wasn't Bitcoin, it'd be something else. As I said, the fact that that they ARE able to facilitate such a transaction is both a blessing and a curse.
My bad, I didn't clarify. Everything you listed about cash is why it's so great. However, we are inevitably moving towards a cashless (or less cash) society). In which case, we all should be praying for that cashless system to be bitcoin, rather than US dollars in the form of 1s and 0s controlled by Visa, Amex and Mastercard, backed by the Federal Reserve or the IMF.
I'd push back a little on the spending 100k on materials to build a garage and not a word would be said. Trying to spend that level of cash untracked is nearly impossible these days. You couldn't even withdraw that amount from a bank without sending up red flags all over the place. And if you had that all saved under a mattress from a cash paying job, claiming the building on your taxes the following year without tracing where the money came from will likely attract some attention from the IRS or even law enforcement under the guise of money-laundering prevention.
As for people being tortured with the click of a button, I'm not quite sure what that is in reference to, though I don't doubt that it happens. Just like I'm sure there are people tortured with cash payments all over the world as well. That's just an unfortunate circumstance of freedom. There are bad people in the world, and they will do bad things. But if they were unable to do those things with bitcoin, then it would mean that bitcoin is not free (like cash is). If you give someone the power to prevent even evil transactions, then that means they have the power to prevent other transactions as well. That's one of the beauties (and unfortunate realities) of what makes bitcoin such a powerful force for freedom.
I understand what you are saying a little better now.
You are majorly correct, I could not pull that amount of money out of an institutionalized banking system without throwing red flags. Which is why I am not a fan of banks. I do not need someone to hold my money for me for "safeguarding"
As far as the pushback, Its all about where you are located. I currently reside in a county that has zero building permit requirements, they are not appraising anything I build to go on my taxes. I would have to have a property evaluation for a new site, but thats no problem in my area. Tons of used car lots selling brand new cars, new equipment. In the bible belt, things are a little different. Its not hard for me to give a paper trail if needed. All they have to do is look at my cashed check stubs. I have an income, I pay taxes, I just don't put my money in the banks, I pay zero banking fees, I rarely pay interest on anything, which is how you keep your money to begin with. Once it starts going into the system, people know what you have...
My reference with the click of a button is to "red rooms" where people pay by bitcoin to watch a man, woman, child be tortured to death, by any means they want to view...
https://cointelegraph.com/news/two-teens-arrested-after-paying-bitcoin-to-see-livestream-murder-on-dark-web
While, bitcoin itself likely did not create these issues, it is the main tool used to make these rooms possible, which is the result of an instantaneous digital currency.
Damn, sounds like you live in the type of area I'd like to be in someday.
As for the red rooms, yea, as fucked up as it is that is always going to be there. Sure digital currencies may make it easier as compared to something like the movie Hostel, but if it wasn't Bitcoin, it'd be something else. As I said, the fact that that they ARE able to facilitate such a transaction is both a blessing and a curse.