BTC is by principle is deflationary currency. And bankers hate anything deflationary, since it does not generate as much profit for them as inflationary fiat. Then why bankers created fundamentally deflationary currency, when it is perfectly possible to create inflationary crypto with all same features as deflationary one?
I think even if crypto is some TPTB creature, it is a project that suddenly and unexpectedly for TPTB went out of control. Like internet or satcom.
See the one thing missing from all the conversations about crypto is --> what it is making?
It produce impossibility of any government or cabal to prevent or intervene transaction.
May be that was not a big thing few years ago, but today even me personally feel that benefit of crypto that make it even more valuable for me. That is how crypto value created.
Also, users could make profit supporting crypto backbone, kind of equivalent to the share in Federal Reserve with dividents from printing money, IDK.
Now the common story is "proof of work"
No. "proof of work" is not what create crypto value. It is what make it uncounterfeitable.
There are several features that means oа exchange must have - it sould be accepted by all participants, it should have some value, and so on. "Proof of work" make first feature. Unstoppability of transaction makes second. And so on.
The fact that it was allowed to fork was like open sourcing a video game to let users find bugs or offer modifications.
That was one of TPTB fuckups with crypto. Opensourcing means loss of control over project. When you have full access to source code, you could change absolutely anything, including any ties to initial author undercover intentions.
The public was doing the work of beta testing
Public always do the work of beta testing. Literally always, even in case of very expensive software, I would say especially in case of very expensive software, when customer already spent huge amount of money and have no any choice other than to continue use that expensive shit. But in case of crypto, users is able to even get some payment for that job.
and conditioning their own slavery.
How exactly crypto "condition user slavery"? Do you have an example of some another means of exchange that have less limitations and better anti-government protection than crypto?
I find crypto practically useful as means of exchange for some cases and honestly don't see anything problematic with it.
Your reasoning that crypto is kind of conditioning for coming CBDC is pretty off, because real crypto users understand how it works and what properties it have, so they will never confuse it with CBDC or something else. Those who don't understand what crypto is, just could not and will not see any difference from CBDC or any other digital money like bank cards or whatever other form. Even without crypto existence they will easily fall to CBDC of whatever shit will be declared fashionable, like NFT or stocks or not-a-vaccines or IOS/Android anal probes. They don't care, and don't want to know anything about anything. Why the hell should I care about that sheeple and their choices of yoke they want?
PS: Please consider that under "crypto" in my reasoning I mean independent crypto like BTC or XMR, not shitcoins like ETH f.e.
BTC is by principle is deflationary currency. And bankers hate anything deflationary, since it does not generate as much profit for them as inflationary fiat. Then why bankers created fundamentally deflationary currency, when it is perfectly possible to create inflationary crypto with all same features as deflationary one?
I think even if crypto is some TPTB creature, it is a project that suddenly and unexpectedly for TPTB went out of control. Like internet or satcom.
It produce impossibility of any government or cabal to prevent or intervene transaction.
May be that was not a big thing few years ago, but today even me personally feel that benefit of crypto that make it even more valuable for me. That is how crypto value created.
Also, users could make profit supporting crypto backbone, kind of equivalent to the share in Federal Reserve with dividents from printing money, IDK.
No. "proof of work" is not what create crypto value. It is what make it uncounterfeitable.
There are several features that means oа exchange must have - it sould be accepted by all participants, it should have some value, and so on. "Proof of work" make first feature. Unstoppability of transaction makes second. And so on.
That was one of TPTB fuckups with crypto. Opensourcing means loss of control over project. When you have full access to source code, you could change absolutely anything, including any ties to initial author undercover intentions.
Public always do the work of beta testing. Literally always, even in case of very expensive software, I would say especially in case of very expensive software, when customer already spent huge amount of money and have no any choice other than to continue use that expensive shit. But in case of crypto, users is able to even get some payment for that job.
How exactly crypto "condition user slavery"? Do you have an example of some another means of exchange that have less limitations and better anti-government protection than crypto?
I find crypto practically useful as means of exchange for some cases and honestly don't see anything problematic with it.
Your reasoning that crypto is kind of conditioning for coming CBDC is pretty off, because real crypto users understand how it works and what properties it have, so they will never confuse it with CBDC or something else. Those who don't understand what crypto is, just could not and will not see any difference from CBDC or any other digital money like bank cards or whatever other form. Even without crypto existence they will easily fall to CBDC of whatever shit will be declared fashionable, like NFT or stocks or not-a-vaccines or IOS/Android anal probes. They don't care, and don't want to know anything about anything. Why the hell should I care about that sheeple and their choices of yoke they want?
PS: Please consider that under "crypto" in my reasoning I mean independent crypto like BTC or XMR, not shitcoins like ETH f.e.