The 'privacy' hype over all these "coins" was always a scam, along with the "mUh DeCeNtRaLiZeD!!" feature, for a "product" that absolutely requires thegovernment-monopolyinternet to function at allscale.
Not only that but all transactions are publicly logged and can be easily tracked. Last time I checked banks can't freely give away your transaction log without a court order.
Last time I checked banks can't freely give away your transaction log without a court order.
What make you believe in that?
Bank privacy was complete bullshit long before creation of bitcoin.
Also, why even Switzerland was forced to ban anonymous bank accounts under a threat of shutting down SWIFT?
It is not transactions that is crucial for privacy. No any bank can guarantee privacy of transactions because there always will be transactions to another banks. It is anonymity of accounts that matters. And anonymity of accounts was totally banned long ago.
And if you want private transactions, then there are few cryptos with private transactions too. Monero is most popular one.
And about "court order". Fuck that shit about "court". If somebody could get anything about you from bank, than anybody could. It is just a simple question of bribe size.
With crypto there is nobody to bribe. At least anonymity problem is fixed by design. And transaction privacy is solved in some variants. And it is just a beta version of crypto technology, which is for unknown reasons was declared as something ready-to-use for peasants.
The rule of law and not having a broke ass that's unable to hire lawyers to look after my and my customers businesses.
Fuck that shit about "court". If somebody could get anything about you from bank, than anybody could. It is just a simple question of bribe size.
Laws still matter. If everyone at your bank is just a bribe away from selling your business then move to a serious bank and get a good lawyer to sue the shit out of said bank.
And it is just a beta version of crypto technology
Is a jewish bullshit you was indoctrinated to believe.
then move to a serious bank
"serious" banks are much more corrupt, than small local ones. That is why small local banks are destroyed now worldwide.
The final version is going to be called CBDC
CBDC have nothing to do with conventional crypto at all except using blockchain. CDBC is really blockchain based bank card account Ver 2.0, and orthogonal to crypto. Crypto main feature is not blockchain, it is you being your own bank, exchange and SWIFT.
SBC enters the chat kek
You mean SBF? Stupid crypto exchanges and all that imbecile gambling have nothing to do with crypto. When last crypto exchange will fall it would be the best day of crypto. Crypto is not a gambling asset like stocks or whatever, if you are not aware, it is a payment system. You don't need something like FTX with SBF to use crypto at all.
Spoken like true believer just like tesla fanboys. The jews played you good. Hope you've got time to spend on the bread lines. But don't worry, people like me will pay the taxes so you can keep living the dream.
My; your masterful debating technique and attention to detail are truly uplifting.
I'm forced to concede; you could exchange 'blockchain tokens' by carrier pigeon (per other commenter) or schlep USB-sticks between back-alleys in your "15-minute community". Except it doesn't scale, and if it doesn't scale, it doesn't work.
Your assumptions on the mutability, fungibility, similatiry and tangibility of all cypto currencies and tokes is disappointing. CBDC is not crypto. Tokens are not coins. And clearly fiat is not money.
I am not debating you. Since you know nothing. Why would I even debate the usefulness of cryptos in hypothetical doomsday scenario? I'm not going to compare Mad Max cosplays with you, or even pretend this matters, just because you like talking out your ass about things you do not understand.
Do I impress upon you how many rabid dogs I think I could fend off with my bare hands? Or how about the gentleman's agreement I envision myself coming to with my neighbor over the protection of his egg laying hens?
No? Of course not. This is silly. What you are doing here is silly.
Now learn you some info on a "Proof of Work" coin:
The 'privacy' hype over all these "coins" was always a scam, along with the "mUh DeCeNtRaLiZeD!!" feature, for a "product" that absolutely requires the government-monopoly internet to function at
allscale.Crypto does not require "government-monopoly internet". It could work over any data transmission channels. Even carrier pigeons RFC1149. :)
Now explain how the interstate and international supply-chains function by "carrier-pigeon" or hand-carried USB-sticks.
You're talking pre-electric, pre-petroleum tech: What was the world population in 1804?
I missed something and now border guards do not allow carrier pigeons to fly by?
What about ham radio or hijacked satellite communications? They are somehow banned too?
Not only that but all transactions are publicly logged and can be easily tracked. Last time I checked banks can't freely give away your transaction log without a court order.
that's why every coin is hyped...
except monero
Yep this
What make you believe in that?
Bank privacy was complete bullshit long before creation of bitcoin.
Also, why even Switzerland was forced to ban anonymous bank accounts under a threat of shutting down SWIFT?
It is not transactions that is crucial for privacy. No any bank can guarantee privacy of transactions because there always will be transactions to another banks. It is anonymity of accounts that matters. And anonymity of accounts was totally banned long ago.
And if you want private transactions, then there are few cryptos with private transactions too. Monero is most popular one.
And about "court order". Fuck that shit about "court". If somebody could get anything about you from bank, than anybody could. It is just a simple question of bribe size.
With crypto there is nobody to bribe. At least anonymity problem is fixed by design. And transaction privacy is solved in some variants. And it is just a beta version of crypto technology, which is for unknown reasons was declared as something ready-to-use for peasants.
The rule of law and not having a broke ass that's unable to hire lawyers to look after my and my customers businesses.
Laws still matter. If everyone at your bank is just a bribe away from selling your business then move to a serious bank and get a good lawyer to sue the shit out of said bank.
The final version is going to be called CBDC
SBC enters the chat kek
Is a jewish bullshit you was indoctrinated to believe.
"serious" banks are much more corrupt, than small local ones. That is why small local banks are destroyed now worldwide.
CBDC have nothing to do with conventional crypto at all except using blockchain. CDBC is really blockchain based bank card account Ver 2.0, and orthogonal to crypto. Crypto main feature is not blockchain, it is you being your own bank, exchange and SWIFT.
You mean SBF? Stupid crypto exchanges and all that imbecile gambling have nothing to do with crypto. When last crypto exchange will fall it would be the best day of crypto. Crypto is not a gambling asset like stocks or whatever, if you are not aware, it is a payment system. You don't need something like FTX with SBF to use crypto at all.
Spoken like true believer just like tesla fanboys. The jews played you good. Hope you've got time to spend on the bread lines. But don't worry, people like me will pay the taxes so you can keep living the dream.
That is exactly what worrying me. :) You pay taxes, they create CBDC, bail out fallen banks, create coronahoaxes and fake wars with real losses.
Yeah! Implode the system since it doesn't work when not so long ago it worked just fine. That sounds like commie talk financed by joos.
You like talking out your ass don't you?
My; your masterful debating technique and attention to detail are truly uplifting.
I'm forced to concede; you could exchange 'blockchain tokens' by carrier pigeon (per other commenter) or schlep USB-sticks between back-alleys in your "15-minute community". Except it doesn't scale, and if it doesn't scale, it doesn't work.
Your assumptions on the mutability, fungibility, similatiry and tangibility of all cypto currencies and tokes is disappointing. CBDC is not crypto. Tokens are not coins. And clearly fiat is not money.
I am not debating you. Since you know nothing. Why would I even debate the usefulness of cryptos in hypothetical doomsday scenario? I'm not going to compare Mad Max cosplays with you, or even pretend this matters, just because you like talking out your ass about things you do not understand.
Do I impress upon you how many rabid dogs I think I could fend off with my bare hands? Or how about the gentleman's agreement I envision myself coming to with my neighbor over the protection of his egg laying hens?
No? Of course not. This is silly. What you are doing here is silly.
Now learn you some info on a "Proof of Work" coin:
XMR is scalable to the 12th decimal place.
Oh yea....the "nothing that relies on the internet is good" argument.
go away fed
Fuckin moron