Definitely in a post apocalyptic world nothing tops precious metals but as of now cash is a problem for them. It's our best weapon against a digital centralized currency.
It's kind of ironic considering its their creation.
Have you ever seen pictures of cut coins? That used to be SOP before standardized currancy. I have yet to see any precious metals account for buying two drinks, and wanting change back.
Anybody who's been in the field since the 90s (yes, 90s) knows :
all cryptos can be broken, doesn't require quantum computing (which already exists and 1000 qubits is nearing implemenatation)
all known allowed to exist major crypto library implementations are engineered to have exploitable vulnerabilities (by NSA et al). Those that aren't, aren't allowed to exist (companies, products and algos take off the market)
all current public ledger implementations are vulnerable to dominating block corruption (re: Byzantine attack)
All known BFT algos are hacks and fragment the network
All known current public ledger networks are not truly dencentralized (see: TrailOfBits 2022 study)
most of the exit nodes in most of the public ledger networks are centralized, compromised, majority under surveillance/control of national security intelligences whereas the private anonymized exit nodes have been caught saving and selling exit node identification data in the black market to the highest bigger
... due to the above: blockchain implementations are not immutable
.... due to the above: public ledger implementations are not private
.... due to the above: blockchain based transactions are not guaranteed to be secure
... high enough qubit computation is likely (just based on math, computational complexity) break the rest (of the current implementations)
What we would need are:
a new type of algorithmS (PQC proof, effficient, not POW based)
a new type of codebase (audited), with libraries not tampered by NSA et al
a new type of network (solving exit noedes, consensus, decentralization and byzantine attacks)
a new type of currency based on above, which is not based on speculation, that would enable all to use the currency, regardless of when they enter the use / network
working without private/secure/encrypted Internet connections through censorship, blocks, cutouts, blackouts and outlawing
Good luck with that. I won't hold my breath. Been waiting for things to be solved since 90s....
quantum computing (which already exists and 1000 qubits is nearing implemenatation)
Quantum computing is useless. More qbits you have, larger error you get. With few dozen qbits error is already make result senseless. There is still no any proof that any quantum computer ever did any useful calculation at all. The best result quantum computing have for a long time is finding that number 21 consists from prime numbers 7 and 3. And it is really staged result obtained from quantum computer built for exact purpose of factorization of number 21.
Quantum computing is a joke. It is one of systems that does not scale. And there are no any signs of some breakthrough that could solve that problem. And as far as I understand, such scientific breakthrough will have huge influence on whole physics, not just on stupid QCs, it would be as huge, as inventing antigravity or FTL. Just one of side effects of such breakthrough will be possibility to utilize zero-point energy. Comparing only to that thing, all quantum computing is just a stupid and irrelevant joke.That is why probability that such breakthrough will be allowed is close to zero.
It is funny, how elites put themselves to the corner with their obsession about access to private encrypted info. To get that. they have to allow things that will destroy them. :)
Those that aren't, aren't allowed to exist (companies, products and algos take off the market)
There is a huge part of software that invulnerable to such threats since it exists outside the market.
As for crypto - all existing crypto is just a beta version. It is only beginning of alternative currencies and means of exchange development. Trying to apply expectations from final product to the beta version and proof-of-concept things is idiocy.
You partially right about next crypto version necessities, but cryptography is not the top problem, really. Most problems barely connected with crypto at all, like reliable and independent connectivity or node consensus resolution algorithms. Funny fact - power consumption of PoW cryptos is not a problem, really. Power in any case spent for heating. PoW crypto mining rig is just a sophisticated heater, that in addition to converting electricity into heat like regular heater, also mine some coins. Here people who are in crypto mostly for fun and independence, not for making profit, just use mining rigs as heaters for houses. I have small XMR rig as heater for a shed. In any case I have to spent some electricity to keep temperature above 0°C, so why not mine a little coins at the same time to, f.e., pay for abroad hostings and domain names?
You don't know what type of technologies they've developed from the bob lazar's of the world.
I know what technologies they didn't developed.
Any technology does not exist in vacuum. Each and every technology is based on the numerious other technologies and inventions that should exist to make some technology real. If you don't see that underlying technologies and inventions, then supposed technology just could not exist.
And Bob Lazar is a scam. It is very obvious even if you have just a basic engineering skills.
The things we know about are there to give us an impression, not the truth. Its to obscure the truth.
If you believe in them - then yes, you are as far from truth as possible. If you know how things work, you don't even need that useless source of impression you try to rely on.
any real challenge to thier power would be met with many times force necessary to obliterate those people.
It is just a question of balance. I know many here hate communists, but it is very useful to know what their books speak about. Lenin told that challenge to the power could be succesfull only when the opressed can't endure anymore and the opressors can't handle their opression at the same time. Opressed wish is not enough. So, there are two necessary variables in that equation. People have to want challenge the power, and at the same time, f.e. don't give a single fuck to the power, to make it powerless. Shortly it compiled into definition of "revolutionary situation", i.e. condition when resistance could win - "Bottom do not want anymore, while top already can't".
Even if you succeed with waking up everybody, this will change absolutely nothing. It is just only one variable.
I see that mistake again and again. "Release Epshtein List!", "Declassify JFK files!", "Publish all UFO information", and so on. That is not how opressors could be defeated.
I think the only person who at least subconsciously understand Lenin equation is Assange. He told everybody - "don't give a fuck to the government and its laws, if you have some interesting info, share it, make it public around the fucking laws and procedures". It was way closer to the real way, than everything I see currently. For some reason, his idea was way ahead of time.
Population is just not ready for awakening. Even awakers themselves are not ready, since they for whatever reason never tell how to don't give a fuck to those in power along with their truthtelling.
Bitcoin specifically and cryptocurrencies as whole is a shining example that people may be already feed up with something, but at the same time don't even try to think about making authorities powerless.
One thing about bitcoin that most do not seem to give credence to with regard to its long term viability: eventually it will stop giving BTC rewards for mining blocks. Once that limit has been reached, the max number of coins, what will be the incentive for expensive mining operations to continue?
Transaction fees? Either those will become prohibitively expensive for the typical user, in order to pay a reasonable profit to the miners, or else the Bitcoin network will essentially collapse, and "spending" your money will become fairly untenable.
So in that case, it is not a "forever" store of value but has an unknown and possibly disastrous end.
That said, there is certainly more upside in the near future. I would recommend using it as a means of gaining profit, looking at maybe 200k or so as a top, and liquidating then to flip into physical gold and silver. Put a bit back into BTC after it crashes to catch some more opportunities, but I wouldn't depend on it especially long term.
BTC is already controlled via the continued need to exchange for fiat currency. Every time someone buys or sells BTC, it's tracked, and suspicious transactions lead to frozen bank accounts, IRS audits, and even arrests.
The blockchain can be controlled by anyone who can afford to buy or build 51% of the hashing power, or by anyone who knows a secret way to create collisions in the hash algorithm. If you can print unlimited amounts of money, a 51% takeover is easy, and could be done in an unnoticeable way (until double spends start happening, but they'd be more interested in preventing people from moving coin).
The power company controls crypto. Your ISP controls crypto. The hash farms control crypto. The government controls each of those in their own way. Several governments.
Try to turn off this gold bar. How do you cut off access to the roll of 100's in my pocket?
Crypto currency is literally a government experiment to bait the fools. All your money evaporate during the big grid collapse.
Close enough to merit BINGO! Award!
Nothing beats cash.
Assuming you mean gold and silver coins and not fiat currency.
Definitely in a post apocalyptic world nothing tops precious metals but as of now cash is a problem for them. It's our best weapon against a digital centralized currency.
It's kind of ironic considering its their creation.
Have you ever seen pictures of cut coins? That used to be SOP before standardized currancy. I have yet to see any precious metals account for buying two drinks, and wanting change back.
Oh and they could track it digitally. Oh and use a blockchain for authentication.
Anybody who's been in the field since the 90s (yes, 90s) knows :
all cryptos can be broken, doesn't require quantum computing (which already exists and 1000 qubits is nearing implemenatation)
all known allowed to exist major crypto library implementations are engineered to have exploitable vulnerabilities (by NSA et al). Those that aren't, aren't allowed to exist (companies, products and algos take off the market)
all current public ledger implementations are vulnerable to dominating block corruption (re: Byzantine attack)
All known BFT algos are hacks and fragment the network
All known current public ledger networks are not truly dencentralized (see: TrailOfBits 2022 study)
most of the exit nodes in most of the public ledger networks are centralized, compromised, majority under surveillance/control of national security intelligences whereas the private anonymized exit nodes have been caught saving and selling exit node identification data in the black market to the highest bigger
... due to the above: blockchain implementations are not immutable
.... due to the above: public ledger implementations are not private
.... due to the above: blockchain based transactions are not guaranteed to be secure
... high enough qubit computation is likely (just based on math, computational complexity) break the rest (of the current implementations)
What we would need are:
Good luck with that. I won't hold my breath. Been waiting for things to be solved since 90s....
Quantum computing is useless. More qbits you have, larger error you get. With few dozen qbits error is already make result senseless. There is still no any proof that any quantum computer ever did any useful calculation at all. The best result quantum computing have for a long time is finding that number 21 consists from prime numbers 7 and 3. And it is really staged result obtained from quantum computer built for exact purpose of factorization of number 21.
Quantum computing is a joke. It is one of systems that does not scale. And there are no any signs of some breakthrough that could solve that problem. And as far as I understand, such scientific breakthrough will have huge influence on whole physics, not just on stupid QCs, it would be as huge, as inventing antigravity or FTL. Just one of side effects of such breakthrough will be possibility to utilize zero-point energy. Comparing only to that thing, all quantum computing is just a stupid and irrelevant joke.That is why probability that such breakthrough will be allowed is close to zero.
It is funny, how elites put themselves to the corner with their obsession about access to private encrypted info. To get that. they have to allow things that will destroy them. :)
There is a huge part of software that invulnerable to such threats since it exists outside the market.
As for crypto - all existing crypto is just a beta version. It is only beginning of alternative currencies and means of exchange development. Trying to apply expectations from final product to the beta version and proof-of-concept things is idiocy.
You partially right about next crypto version necessities, but cryptography is not the top problem, really. Most problems barely connected with crypto at all, like reliable and independent connectivity or node consensus resolution algorithms. Funny fact - power consumption of PoW cryptos is not a problem, really. Power in any case spent for heating. PoW crypto mining rig is just a sophisticated heater, that in addition to converting electricity into heat like regular heater, also mine some coins. Here people who are in crypto mostly for fun and independence, not for making profit, just use mining rigs as heaters for houses. I have small XMR rig as heater for a shed. In any case I have to spent some electricity to keep temperature above 0°C, so why not mine a little coins at the same time to, f.e., pay for abroad hostings and domain names?
I know what technologies they didn't developed.
Any technology does not exist in vacuum. Each and every technology is based on the numerious other technologies and inventions that should exist to make some technology real. If you don't see that underlying technologies and inventions, then supposed technology just could not exist.
And Bob Lazar is a scam. It is very obvious even if you have just a basic engineering skills.
If you believe in them - then yes, you are as far from truth as possible. If you know how things work, you don't even need that useless source of impression you try to rely on.
It is just a question of balance. I know many here hate communists, but it is very useful to know what their books speak about. Lenin told that challenge to the power could be succesfull only when the opressed can't endure anymore and the opressors can't handle their opression at the same time. Opressed wish is not enough. So, there are two necessary variables in that equation. People have to want challenge the power, and at the same time, f.e. don't give a single fuck to the power, to make it powerless. Shortly it compiled into definition of "revolutionary situation", i.e. condition when resistance could win - "Bottom do not want anymore, while top already can't".
Even if you succeed with waking up everybody, this will change absolutely nothing. It is just only one variable.
I see that mistake again and again. "Release Epshtein List!", "Declassify JFK files!", "Publish all UFO information", and so on. That is not how opressors could be defeated.
I think the only person who at least subconsciously understand Lenin equation is Assange. He told everybody - "don't give a fuck to the government and its laws, if you have some interesting info, share it, make it public around the fucking laws and procedures". It was way closer to the real way, than everything I see currently. For some reason, his idea was way ahead of time.
Population is just not ready for awakening. Even awakers themselves are not ready, since they for whatever reason never tell how to don't give a fuck to those in power along with their truthtelling.
Bitcoin specifically and cryptocurrencies as whole is a shining example that people may be already feed up with something, but at the same time don't even try to think about making authorities powerless.
Be extremely careful which crypto currencies you choose to deal in.
There are well over 20,000 coins out there, but only the top ten to twenty proof of work coins are of any value:
https://www.coinlore.com/mineable-coins
Its for pump n dump alpha Chads. You know you're never going to talk to her again, pull out before the money's shot or you're done for.
For some squirrels its the thrill of the risky nut.
You're a fucking retard, and blight upon society.
Whatever dude. Get more mad about unwise investments.
One thing about bitcoin that most do not seem to give credence to with regard to its long term viability: eventually it will stop giving BTC rewards for mining blocks. Once that limit has been reached, the max number of coins, what will be the incentive for expensive mining operations to continue?
Transaction fees? Either those will become prohibitively expensive for the typical user, in order to pay a reasonable profit to the miners, or else the Bitcoin network will essentially collapse, and "spending" your money will become fairly untenable.
So in that case, it is not a "forever" store of value but has an unknown and possibly disastrous end.
That said, there is certainly more upside in the near future. I would recommend using it as a means of gaining profit, looking at maybe 200k or so as a top, and liquidating then to flip into physical gold and silver. Put a bit back into BTC after it crashes to catch some more opportunities, but I wouldn't depend on it especially long term.
BTC is already controlled via the continued need to exchange for fiat currency. Every time someone buys or sells BTC, it's tracked, and suspicious transactions lead to frozen bank accounts, IRS audits, and even arrests.
The blockchain can be controlled by anyone who can afford to buy or build 51% of the hashing power, or by anyone who knows a secret way to create collisions in the hash algorithm. If you can print unlimited amounts of money, a 51% takeover is easy, and could be done in an unnoticeable way (until double spends start happening, but they'd be more interested in preventing people from moving coin).
So many people control crypto.
The power company controls crypto. Your ISP controls crypto. The hash farms control crypto. The government controls each of those in their own way. Several governments.
Try to turn off this gold bar. How do you cut off access to the roll of 100's in my pocket?