23
Comments (17)
sorted by:
3
Afks 3 points ago +3 / -0

Oh will I need my rfid tracking injection and social credit score in good standing in order to access my digital funds?

Tell me again how this isn’t the mark of the beast

1
mitzlplix 1 point ago +1 / -0

it isn't the mark of the beast

yet these techniques and technologies may/may not be what the beast uses.

2
CrazyRussian 2 points ago +3 / -1

Are you time travelled from some distant past?

Banks enslaved most people to digital currency long ago, with all that fancy and comfortable credit cards, remote payments and so on and when most people buy that, banks put all money transfers under the total control.

Your ability to use cash as last resort is already highly limited. You can't freely operate with more or less significant sum of cash.

There is nothing left to promote already. You are already enslaved, right after you agreed with bank to completely surrender your financial privacy in exchange to some questionable comfort.

1
Zap_Powerz 1 point ago +2 / -1

so what do we do?

2
Blackbeans 2 points ago +2 / -0

Diversify into part silver, part crypto currency. The crypto currency discussion can be a lengthy one though. Some speculate xrp might be tied to cbdc. Or focus on privacy coins. Some can be mined. I don't hold any privacy coins at the moment and more interested in following the institutional money.

1
Afks 1 point ago +1 / -0

Any news on xrp?

Dumped in on it about a week ago and planning on a bit more but wanted to do some more research first

I understand it’s not FA and I’m just curious what your thoughts are on the potential ties to central bank digital currency

2
Blackbeans 2 points ago +2 / -0

This guy has a good update on recent events. No one really knows what's going on but xrp is definitely moving forward. https://youtu.be/0ohTqBINJwE

Also interesting but maybe nothing, just a few weeks ago, if you typed in "world reserve currency" in google, xrp came out top and center. Seems they changed it though.

1
CrazyRussian 1 point ago +1 / -0

Think.

We need some mean of exchange, that could not be controlled by authorities by design, and have no flaws of presious metals, cash, banks and crypto.

I think that locally some kind of computer assisted multibarter system could be established. As for something global - I don't know, but there should be solution. May be some kind of blockchainless digital currency, or something completely different.

1
BlackDay2020 1 point ago +1 / -0

I think that locally some kind of computer assisted multibarter system could be established. As for something global - I don't know, but there should be solution. May be some kind of blockchainless digital currency, or something completely different.

You've just described cryptocurrency in a roundabout way.

2
CrazyRussian 2 points ago +2 / -0

Existing cryptocurrencies have too many problems to be used widely. One of that problems is blockchain itself.

And it does not necessary have to be something digital. You even could use conventional coins as a mean of exchange. May be you know, that not all coins are equal, even if they have same value printed on them. There is rare coins, from specific year and specific batch, that could denote large sums, like hundreds of dollars, and less rare coins that could denote tenths of dollars, despite of being just quarters.

1
BlackDay2020 1 point ago +1 / -0

The problem with coins/notes is that who makes them (if there is too few of the required type)? With the a centralized authority (government) making them, there is some control on fakes and accumulation of wealth (if you allow private parties to make them, there is no regulation on fakes/hoarding).

But the government can choose to demonetize cash at any time by declaring them to be of no value from so and so date (something like this happened in India a few years ago, and possessing demonetized currency above certain amounts is illegal). Most of the cash is returned to government in exchange for bank transfer for the same amount. Very few coins/notes will be left. If there are very few number of notes/coins of the required type, there is too few for everybody to have, so those who don't have it will resort to barter instead. It is also difficult to make everyone agree on the value of a certain type of note/coin without centralization. And with gold/silver, how do you verify if it is fake?

The problem of fakes and centralization is why crypto was created. Any person can mine their own cryptocurrency if they don't have any (no need for centralized printing/minting). I agree blockchain tech has many problems, but the idea of using cryptography to authenticate is quite sound. There are now multiple alternative technologies in place of blockchains.

1
CrazyRussian 1 point ago +1 / -0

The problem with coins/notes is that who makes them (if there is too few of the required type)? With the a centralized authority (government) making them

They are already made. It is like mined gold. If some group agreed on some artifacts to use them as a money surrogate, nobody could interfere. Governments found a workaroud and prohibited issue and use money surrogates, so it is hard to use them. But what if you use absolutely official money as your money surrogate? When group comes to agreement on value of specific coins/notes there are no any way for authorities to somehow interfere - they can't prohibit their own money, and can't interfere with its agreement value.

Elites freely use different shit art as money surrogate, because laws ar not for them. So, think out a workaround too.

But the government can choose to demonetize cash at any time by declaring them to be of no value from so and so date

Yes, they can. But the official value have nothing with agreement value. Say, you agreed that 2001 year quarter (just random take, I didn't check if it exists and how rare it is) is $100 equivalent. How authorities could change this? And why you will bring your $100 quarter to the bank to get only a 25c on account, when you could exchange them to $100 amount of good beef, or wooden planks, or pay for car repair?

It is also difficult to make everyone agree on the value of a certain type of note/coin without centralization

It is only if the difficulty of that is lower than difficulty of living under financial bank enslavement. When the problems from government overwheight problems from solving problems among people, people quickly will find a solution.

Any person can mine their own cryptocurrency if they don't have any

Really it is not true. You have to be skilled enough or/and have enough money to do that now. That is one of crypto faults.

There are now multiple alternative technologies in place of blockchains.

I know only one with realy working proof-of-concept - it is based on DAG, instead of blockchain. But you can't "mine" it, despite it could be very reasonable to set some reward for nodes who participate in networking.

It will be not a very fast way to some commonly accepted second-generation crypto. There will be a lot of rising and falling ideas until the best one will be accepted by most people.

1
BlackDay2020 1 point ago +1 / -0

Use crypto. Even with gold, how could you ensure that you aren't getting a counterfeit? This is the classic use case for crypto. See my comment further up. The only drawback it has is reliance on the internet and electricity.

1
Eu-is-socialist 1 point ago +1 / -0

Use banks as little as possible. WITHDRAW cash and DEMAND to pay with cash whenever possible. AND demand LAW CHANGES to allow to withdraw and HOLD as much cash as you want wherever you want. STOP CARING ABOUT TAX EVASION .

1
AbleistSL 1 point ago +1 / -0

This is going to piss off kids who lack a bank account.

Edit: I also realized this will force anyone without a bank account to flee the country.

0
BlackDay2020 0 points ago +1 / -1

They don't need crypto to push out cash. They can already do that with debit cards. What does crypto have to do with it?

Crypto is decentralized. All government can do is establish their own crypto currency and try to outlaw the others. Even there, at most they can ensure that crypto exchanges don't exist, but they cannot prevent actual crypto transactions without shutting down the internet (which would bankrupt Big Tech). If you doubt the ability of crypto to circumvent the government, just look at the dark net which runs on crypto. Try running a dark net operation with gold or silver.

If you put all your eggs in cash, you've put all your eggs in the hands of government controlled, centralized currency. If the government demonetizes cash in exchange for a bank transfer of the same amount (was done in India a few years ago, but instead of bank transfers they issued new notes), what are you going to do?

Take some time to understand how crypto works. It's no different from gold, with the benefit of no counterfeits and long distance transfer and the drawback of relying on the internet and electricity. Also crypto exchanges may be outlawed suddenly (the same could be done for gold too).

1
MistGorillas 1 point ago +1 / -0

It's 2021, the whole "decentralized and anonymous" argument is sooooo 2012.

Get the fuck out of here with your dogshit crypto scam bullshit. Fuck you.

https://www.mybloggertricks.com/2018/06/bitcoin-is-scam.html

Bitcoin is not anti-government. You've been lied to. Conned. Scammed. Bamboozled.

You're a fucking idiot.