When the power goes out was the internet a scheme too? Is HVAC a scheme? Street lights? Radios?
Crypto is just numbers. It can be used in schemes but is not a scheme itself, unless you consider all monetary systems a scheme, which is true. But unless you want to revert back to living in tribes of no more than 150 people, some sort of monetary device is a necessary evil for the modern world.
Crypto is the only monetary system which can function in a trustless, decentralized manner that I'm aware of. What do you propose as an alternative which enables global trade, and can be free from central bank fuckery?
The 3 problems with crypto as a whole are it's dependence on the internet and electricity, and speculative trading for fiat profits.
We can decentralize internet and electric infrastructure to solve the first two. The 3rd can only be mitigated with education, and shifting to the pursuit of happiness from the pursuit it profits.
The real scheme was tricking everyone into trading their lives and real world assets to a ruling class which offers nothing but imaginary debt in return.
At least with crypto we the people can create our own rules for an imaginary number system, and use it as an instrument of freedom, not a method of enslavement like is being used against us now.
Hate on crypto all you want, but unless you provide a real critique and viable alternatives you're not much more informative, inspiring or thought provoking than government propaganda.
Not to mention how much more vulnerable bank money is due to it's centralization. Power and internet connectivity aside it also relies on one single server, often multiple single servers with multiple parts involved, for instance, a bank, a card processor and some other middle men who all want their cut. Particularly during international trading.
Here in Sweden the largest grocery store chain with over 100 stores where forced to shut down for days, because of one server going down in Florida, that's a fucked up dependency right there. And it's not just the legacy banking system, their whole inventory tracking system relied on one company which relied on that one single server, so they couldn't even take cash.
Imagine instead with crypto, in a fully decentralized blockchain economy, where all systems are decentralized and platform independent, that chain would have had their own servers in their own stores, if power goes out, no problem, they just have a set of printed QR code which the customer could scan and send the payment too, then they register all the items manually as soon as the power comes back. Internet goes out? no problem, mesh networks, wifi, Bluetooth, 4G/5G and many other protocols solves that problem, especially when the servers are in house.
When the power goes out was the internet a scheme too? Is HVAC a scheme? Street lights? Radios?
Crypto is just numbers. It can be used in schemes but is not a scheme itself, unless you consider all monetary systems a scheme, which is true. But unless you want to revert back to living in tribes of no more than 150 people, some sort of monetary device is a necessary evil for the modern world.
Crypto is the only monetary system which can function in a trustless, decentralized manner that I'm aware of. What do you propose as an alternative which enables global trade, and can be free from central bank fuckery?
The 3 problems with crypto as a whole are it's dependence on the internet and electricity, and speculative trading for fiat profits.
We can decentralize internet and electric infrastructure to solve the first two. The 3rd can only be mitigated with education, and shifting to the pursuit of happiness from the pursuit it profits.
The real scheme was tricking everyone into trading their lives and real world assets to a ruling class which offers nothing but imaginary debt in return.
At least with crypto we the people can create our own rules for an imaginary number system, and use it as an instrument of freedom, not a method of enslavement like is being used against us now.
Hate on crypto all you want, but unless you provide a real critique and viable alternatives you're not much more informative, inspiring or thought provoking than government propaganda.
I love the power goes out and society collapses gotcha point; “what’ll you do with your useless crypto then?”
As if the money I have in the bank is any more useful at that point…
How would I even spend my money or access it with no electricity? Or where?
If you aren’t holding it in your hands, then it may as well be imaginary
Not to mention how much more vulnerable bank money is due to it's centralization. Power and internet connectivity aside it also relies on one single server, often multiple single servers with multiple parts involved, for instance, a bank, a card processor and some other middle men who all want their cut. Particularly during international trading.
Here in Sweden the largest grocery store chain with over 100 stores where forced to shut down for days, because of one server going down in Florida, that's a fucked up dependency right there. And it's not just the legacy banking system, their whole inventory tracking system relied on one company which relied on that one single server, so they couldn't even take cash.
Imagine instead with crypto, in a fully decentralized blockchain economy, where all systems are decentralized and platform independent, that chain would have had their own servers in their own stores, if power goes out, no problem, they just have a set of printed QR code which the customer could scan and send the payment too, then they register all the items manually as soon as the power comes back. Internet goes out? no problem, mesh networks, wifi, Bluetooth, 4G/5G and many other protocols solves that problem, especially when the servers are in house.