Person-to-Person transactions traded with food/resources/services/etc can't be tracked so easily. If everyone gave up on the dollar, made new wallets, and just started doing person-to-person transactions with crypto, the government wouldn't be able to monitor it.
Also it's not about becoming the next Bitcoin, it's about giving people control of their own financial wealth. New innovations are coming out all the time and it'll only be so long till Bitcoin loses the market share of crypto. Government won't be able to take your crypto unless you give to them. No amount of threats and abuse can force them to take it from you, you have to give them the keys to your wallet to take your crypto. On the other hand, bank accounts can be taken all the time, money and gold is much easier to find as well than a single piece of paper with your keys on it hidden somewhere in the world.
How does one have control of their own financial wealth when your "money" is worth 1/3 of its value a few months ago? And technically doesn't even exist in real life.
Market prices will go up and down in a free market and while bitcoin is big, it isn't Euro or US dollar big by a long shot. Less random hands are moving money in and out and more volatility will happen.
Prices in crypto are down right now because the demand is low as people are in a crunch to pay their bills, food, gas, etc due to the inflation of the dollar. Good Cryptos like bitcoin have a set amount of crypto that'll ever be made so whoever saves their own crypto at least won't be diluted.
In our current fiat system with paper money, we have guaranteed inflation year over year. The way central banking works, an increasing percentage of the population must become debt slaves to the system to prop it up. Money is literally created from thin air when you take out a loan and depist it back into the bank.
Eventually too high a % of the population is in debt and the system collapses. Hyperinflation always happens with fiat systems, governments/corporations/people borrow too much that they can't pay and the fiat money loses its trust/value.
When this hyperinflation scenario happens, people wont be able to buy basic goods no matter what. They will be looking for an asset that is secure, can't be printed out into oblivion, and is already and used distributed among the population. They will stop paying with dollars because the price is more volatile than cryptocurrencies and instead opt into cryptocurrencies. A free and healthy market has volatility in it. Nothing is perfectly stable. Nothing lasts forever.
1 Bitcoin is 1 Bitcoin, whether thats trading 1/3 the price to US $ that it did 7 months ago or its trading 3x the price to US dollar in the future. Its a matter of what people are willing to pay for it. Right now they trust US dollars more, but the dollar is quickly losing value to basic necessities like food, gas, housing, etc. You print off 5 times the money supply you had 2.5 years ago and people will begin to lose trust as prices skyrocket.
It is all part of the internet of things, which is easily and tightly controlled.
Any exchange points or interfaces are easily caught, the capability for a user to operate standalone with other users can be diminished in many ways.
So, as long as it is not facing this type of control over it and remains free as it is, you are correct.
If you use the right kind of VPN where the account is made with no identifying info, that shields you from being monitored. If you pay for that VPN with crypto like say Monero or after buying bitcoin from a person with cash and putting it in a new wallet, that shields you. As long as you're on a VPN in an area that is frequently used by many people, that shields you.
You pay for things with you're Bitcoin and teach people around you how to trade securely with a new wallet and handing cash to people, that shields you. The Fed doesn't have the resources to monitor a million pseudononymous wallets that never move to a KYC exchange.
So let me get this straight.
Your grab your digital device, connect it to the internet via your ISP using your credentials, then using your credentials you sign into your VPN, which protects you.
And now you can easily exchange using the methods you prefer sight unseen.
Personally, I think your head is in the clouds on how this stuff works.
No, a wallet doesn't have to be digital. If you use a hardware wallet you connect it to a computer. Hardware wallets are great because you can put in the passphrase on the hardware wallet and not the computer which prevents keyloggers.
Also an ISP can't monitor where you are on a VPN, all they know is you are connected to a VPN server. If I sign up for a VPN account on one IP address and then use that VPN on a different computer and devices with a different IP address, then it's not easily tracked. If I'm connected to a server that has a lot of people connected to it, my traffic gets mixed in with theirs. If I convince many people around me to adopt the same practices and they convince others as well, pinpointing me gets even murkier.
Person-to-Person transactions traded with food/resources/services/etc can't be tracked so easily. If everyone gave up on the dollar, made new wallets, and just started doing person-to-person transactions with crypto, the government wouldn't be able to monitor it.
Also it's not about becoming the next Bitcoin, it's about giving people control of their own financial wealth. New innovations are coming out all the time and it'll only be so long till Bitcoin loses the market share of crypto. Government won't be able to take your crypto unless you give to them. No amount of threats and abuse can force them to take it from you, you have to give them the keys to your wallet to take your crypto. On the other hand, bank accounts can be taken all the time, money and gold is much easier to find as well than a single piece of paper with your keys on it hidden somewhere in the world.
How does one have control of their own financial wealth when your "money" is worth 1/3 of its value a few months ago? And technically doesn't even exist in real life.
Market prices will go up and down in a free market and while bitcoin is big, it isn't Euro or US dollar big by a long shot. Less random hands are moving money in and out and more volatility will happen.
Prices in crypto are down right now because the demand is low as people are in a crunch to pay their bills, food, gas, etc due to the inflation of the dollar. Good Cryptos like bitcoin have a set amount of crypto that'll ever be made so whoever saves their own crypto at least won't be diluted.
In our current fiat system with paper money, we have guaranteed inflation year over year. The way central banking works, an increasing percentage of the population must become debt slaves to the system to prop it up. Money is literally created from thin air when you take out a loan and depist it back into the bank.
Eventually too high a % of the population is in debt and the system collapses. Hyperinflation always happens with fiat systems, governments/corporations/people borrow too much that they can't pay and the fiat money loses its trust/value.
When this hyperinflation scenario happens, people wont be able to buy basic goods no matter what. They will be looking for an asset that is secure, can't be printed out into oblivion, and is already and used distributed among the population. They will stop paying with dollars because the price is more volatile than cryptocurrencies and instead opt into cryptocurrencies. A free and healthy market has volatility in it. Nothing is perfectly stable. Nothing lasts forever.
1 Bitcoin is 1 Bitcoin, whether thats trading 1/3 the price to US $ that it did 7 months ago or its trading 3x the price to US dollar in the future. Its a matter of what people are willing to pay for it. Right now they trust US dollars more, but the dollar is quickly losing value to basic necessities like food, gas, housing, etc. You print off 5 times the money supply you had 2.5 years ago and people will begin to lose trust as prices skyrocket.
It is all part of the internet of things, which is easily and tightly controlled. Any exchange points or interfaces are easily caught, the capability for a user to operate standalone with other users can be diminished in many ways.
So, as long as it is not facing this type of control over it and remains free as it is, you are correct.
You have no idea what you're talking about.
If you use the right kind of VPN where the account is made with no identifying info, that shields you from being monitored. If you pay for that VPN with crypto like say Monero or after buying bitcoin from a person with cash and putting it in a new wallet, that shields you. As long as you're on a VPN in an area that is frequently used by many people, that shields you.
You pay for things with you're Bitcoin and teach people around you how to trade securely with a new wallet and handing cash to people, that shields you. The Fed doesn't have the resources to monitor a million pseudononymous wallets that never move to a KYC exchange.
So let me get this straight. Your grab your digital device, connect it to the internet via your ISP using your credentials, then using your credentials you sign into your VPN, which protects you. And now you can easily exchange using the methods you prefer sight unseen.
Personally, I think your head is in the clouds on how this stuff works.
No, a wallet doesn't have to be digital. If you use a hardware wallet you connect it to a computer. Hardware wallets are great because you can put in the passphrase on the hardware wallet and not the computer which prevents keyloggers.
Also an ISP can't monitor where you are on a VPN, all they know is you are connected to a VPN server. If I sign up for a VPN account on one IP address and then use that VPN on a different computer and devices with a different IP address, then it's not easily tracked. If I'm connected to a server that has a lot of people connected to it, my traffic gets mixed in with theirs. If I convince many people around me to adopt the same practices and they convince others as well, pinpointing me gets even murkier.