OP, once again, making claims that exceed the data provided in the post.
First, digital IDs are already here. Check your wallet for your "smart" driver's license card. Second, you use fiat that is tied to your real world ID. Check your wallet for a Visa card. Third, depending on how you trade your crypto, it's already tied to your real world ID with 2 factor ID on major exchanges. Fourth, this is about getting more widespread use of crypto akin to credit cards, thus the "know your customer" end goal.
So, OP is making the claim that crypto was DESIGNED with the INTENT to usher in DIGITAL IDs when 1) they are already here, and 2) no proof of intent at the outset, and 3) this is what, some story in the Irish times about a project by some group that is what, tied to globohomo or something?
You need to provide your identity, when you buy something on credit, which is all transactions except cash, even when the swap seems instant like when you use your debit card.
The reason you need to identify yourself when you are NOT using cash should seem obvious.
Cash requires proof of identification in many places too. The only thing that doesn't require id are bartering with instant exchanges/transactions. Bartering includes precious metals and crypto.
Haha. It's not credit. You have bought crypto for currency. Yes it has often turned into credit because it has no fixed value. Then it's further swapping back into currency. Ding ding, a taxman, or banking cartel stooge suddenly wants to know where you got your cash.
At what point did you need an I.D, you either had the values bought and transacted, or you didn't.
It's not for your benefit. All you need was proof of transaction. Proof of your wallet. If your exchange wasn't protected by crypto. Or if you didn't have a receipt for the goods or services sold. Because you went to bucks fucks, and there's no refunds.
But it's all those other eyes wanting to monitor your capital. They aren't the buyer, seller, or the prior exchange. They're the government wanting to I.D your cash instead. No sooner did they want a credit, cashless society for their peak carbon renewable electricity.
No no, you're not understanding. If you buy anything, except for if you buy it with cash, you're buying on credit. Just because you walk out of the store with the purchase in your hand, that doesn't mean that the bank and the retailer have made the journal entries in their respective ledgers. You are walking out of the store with a credit purchase. How do you think you're able to dispute credit card purchases?
Not what crypto had planned by being an exchange. The credit is only the movement of exchanged capital from transactor to the transaction. What every exchange provides. It therefore only needed an ID of the transaction, not your personal details to the seller. Any default, the exchange should have covered by being a provider, protecting your anonymity. Let's suggest you previously went to bucks fucks, swapping crypto for getting screwed. At no point did you also want to be blackmailed for it.
Credit Cards need your identity, because Blow Joe might have nicked your credit card while you went to bucks fucks. Hence it had your name and signature on it.
Of course now they want to get rid of Bucks Fucks cash flow monitoring just what is being cryptoed.
Blockchain transactions aren't instantaneous, and the mechanisms with crypto aren't there for dealing with essentially the same issue as stolen credit cards. This identity management, by creating vendors that have your ID and work through the blockchain transactions, are taking the credit card way of handling things and applying it to buying something from a store with bitcoin. They are doing it to deal with the risk. The trade off is lack of privacy. Many are people are comfortable with it, some aren't. Depends on what I am buying I suppose for me.
If you want instantaneous proof of payment, use cash, it's your only option. If you want anonymity for your crypto transaction, then you must be willing to wait for the check to clear, so to speak, for the blockchain transaction to be approved by miners.
Yawn you're turning it into another credit card. Why the fuck, buck? Because buck is racketeering. He is selling the shitcoins, and they're worth all the gold. He wants your crypto currency investments, because they make more shitcoins. Now that they're ID'ed please buy more of them, and you can trade shitcoins everywhere, buck is selling.
It was supposed to be anonymous. Not all nice and monitored. You bought a currency that was private and used it selectively. Not another credit card your bank knew what you bought and where you bought it, telling the taxman.
Waits 30 minutes for the EV to charge. Shit it's already depleting the battery. That value has cost you even more, of course somebody rigging the shares like MR peso profits. He loves more charge, if everybody is using pesos than he gains far more value. He can sell them all a dodgy tax meter, monitoring them all into higher costs. Selling them even more services to connect into a shitcoin.
Dude....you're bringing in a shit ton of issues into the discussion that aren't relevant, and expecting me to respond. I'm just telling you why, from the perspective of finance, why purchasers and sellers want to know who they are dealing with, when it's not a cash transaction. It comes down to fraud prevention.
People are trying to take crypto and make it work like a credit card. It's not, at least not without super mining capabilities to process the block chain, and that's not happened yet.
You want privacy with crypto, then don't expect to use it at Walmart.
They want to monitor everything. No sooner are they attempting to turn it into another credit card. Except it will sooner be all dystopian and digital. Fully chipped and I.D'ed. Because they're also thinking how nice it would be to just go and fully remove cash altogether, so they can track and tax you, indebting you completely. Meanwhile more and more middlemen take a cut and inflation soars.
I agree it was never meant to be this press. But its grubby hucksters were thinking of 10 other ways to take a cut of your cash. Buy ponzi, buy casino money. You can trade it in the Casino where the house wins more of it. Don't worry about fixed rates, they're rigged for you to lose. Offering another service, where the government is sooner thinking how nice it would be to monitor, taxing all of your cash.
Not a scam, but a tool. Tools can be used for bad things too.
Nobody told me that; I read about Bitcoin when it came out.
Bitcoin: A Peer-to-Peer Electronic Cash System https://bitcoin.org/bitcoin.pdf
OP, once again, making claims that exceed the data provided in the post.
First, digital IDs are already here. Check your wallet for your "smart" driver's license card. Second, you use fiat that is tied to your real world ID. Check your wallet for a Visa card. Third, depending on how you trade your crypto, it's already tied to your real world ID with 2 factor ID on major exchanges. Fourth, this is about getting more widespread use of crypto akin to credit cards, thus the "know your customer" end goal.
So, OP is making the claim that crypto was DESIGNED with the INTENT to usher in DIGITAL IDs when 1) they are already here, and 2) no proof of intent at the outset, and 3) this is what, some story in the Irish times about a project by some group that is what, tied to globohomo or something?
You want anonymity, use cash!
Pretty much.
Blaming crypto for identifying you is like blaming the phone system for ratting you out because the government tapped your calls.
Verifying identity. Hahaha. Why if you're buying something, did you need to provide an identity. It's not for your benefit at all.
It must be for the curse of those Irish. Definitely don't want to be buying from them. They need better credentials.
You need to provide your identity, when you buy something on credit, which is all transactions except cash, even when the swap seems instant like when you use your debit card.
The reason you need to identify yourself when you are NOT using cash should seem obvious.
Cash requires proof of identification in many places too. The only thing that doesn't require id are bartering with instant exchanges/transactions. Bartering includes precious metals and crypto.
Haha. It's not credit. You have bought crypto for currency. Yes it has often turned into credit because it has no fixed value. Then it's further swapping back into currency. Ding ding, a taxman, or banking cartel stooge suddenly wants to know where you got your cash.
At what point did you need an I.D, you either had the values bought and transacted, or you didn't.
It's not for your benefit. All you need was proof of transaction. Proof of your wallet. If your exchange wasn't protected by crypto. Or if you didn't have a receipt for the goods or services sold. Because you went to bucks fucks, and there's no refunds.
But it's all those other eyes wanting to monitor your capital. They aren't the buyer, seller, or the prior exchange. They're the government wanting to I.D your cash instead. No sooner did they want a credit, cashless society for their peak carbon renewable electricity.
No no, you're not understanding. If you buy anything, except for if you buy it with cash, you're buying on credit. Just because you walk out of the store with the purchase in your hand, that doesn't mean that the bank and the retailer have made the journal entries in their respective ledgers. You are walking out of the store with a credit purchase. How do you think you're able to dispute credit card purchases?
Not what crypto had planned by being an exchange. The credit is only the movement of exchanged capital from transactor to the transaction. What every exchange provides. It therefore only needed an ID of the transaction, not your personal details to the seller. Any default, the exchange should have covered by being a provider, protecting your anonymity. Let's suggest you previously went to bucks fucks, swapping crypto for getting screwed. At no point did you also want to be blackmailed for it.
Credit Cards need your identity, because Blow Joe might have nicked your credit card while you went to bucks fucks. Hence it had your name and signature on it.
Of course now they want to get rid of Bucks Fucks cash flow monitoring just what is being cryptoed.
Blockchain transactions aren't instantaneous, and the mechanisms with crypto aren't there for dealing with essentially the same issue as stolen credit cards. This identity management, by creating vendors that have your ID and work through the blockchain transactions, are taking the credit card way of handling things and applying it to buying something from a store with bitcoin. They are doing it to deal with the risk. The trade off is lack of privacy. Many are people are comfortable with it, some aren't. Depends on what I am buying I suppose for me.
If you want instantaneous proof of payment, use cash, it's your only option. If you want anonymity for your crypto transaction, then you must be willing to wait for the check to clear, so to speak, for the blockchain transaction to be approved by miners.
Yawn you're turning it into another credit card. Why the fuck, buck? Because buck is racketeering. He is selling the shitcoins, and they're worth all the gold. He wants your crypto currency investments, because they make more shitcoins. Now that they're ID'ed please buy more of them, and you can trade shitcoins everywhere, buck is selling.
It was supposed to be anonymous. Not all nice and monitored. You bought a currency that was private and used it selectively. Not another credit card your bank knew what you bought and where you bought it, telling the taxman.
Waits 30 minutes for the EV to charge. Shit it's already depleting the battery. That value has cost you even more, of course somebody rigging the shares like MR peso profits. He loves more charge, if everybody is using pesos than he gains far more value. He can sell them all a dodgy tax meter, monitoring them all into higher costs. Selling them even more services to connect into a shitcoin.
Dude....you're bringing in a shit ton of issues into the discussion that aren't relevant, and expecting me to respond. I'm just telling you why, from the perspective of finance, why purchasers and sellers want to know who they are dealing with, when it's not a cash transaction. It comes down to fraud prevention.
People are trying to take crypto and make it work like a credit card. It's not, at least not without super mining capabilities to process the block chain, and that's not happened yet.
You want privacy with crypto, then don't expect to use it at Walmart.
They want to monitor everything. No sooner are they attempting to turn it into another credit card. Except it will sooner be all dystopian and digital. Fully chipped and I.D'ed. Because they're also thinking how nice it would be to just go and fully remove cash altogether, so they can track and tax you, indebting you completely. Meanwhile more and more middlemen take a cut and inflation soars.
I agree it was never meant to be this press. But its grubby hucksters were thinking of 10 other ways to take a cut of your cash. Buy ponzi, buy casino money. You can trade it in the Casino where the house wins more of it. Don't worry about fixed rates, they're rigged for you to lose. Offering another service, where the government is sooner thinking how nice it would be to monitor, taxing all of your cash.
That's the point of NFTs. I couldn't figure it out until now.