If the net goes down the last thing on ur minds will be crypto.
Should it happen the crypto will be there after but how F‘d will we be? Our businesses depend on it.
Seeing this in the beginning is what kept me from Bitcoin even as people were telling me I should be all over it with my "anti-government attitude"
As a flawed human I do have to say I sometimes wish I had jumped in back in those days to cash in but a technology of mysterious origin where tracing every transaction is the only way it will even function was just too much of a red flag and I had to keep to my convictions
Don‘t conflate or confuse btc with cbdc‘s.
You can mix btc for anonymity (or just use monero) and use it as you want, albeit it is not a money, more digital gold.
CBDC‘s will be a literal prison.
The blockchain only works with a ledger of all transactions. Traceability is the lynchpin. Yes if you mine it and use a private wallet you can be more anonymous because you can attempt to obscure the wallet from your identity. I know Bitcoin is not yet the digital prison cbdc is, it's the proving ground. Plus a great way to make sycophants
As far as I have researched monero actually does seem ok which is why you can't buy it in the US although thankfully mining is still legit. Granted the NSA can probably backtrace your mining but it's at least security through obscurity
Not all crypto is traceable. I mean yeah, I imagine the NSA if they have all the data they could connect time of tx with other data but I hope the good guys don‘t allow that world.
Goes without saying a private wallet. You can trade for it, buy it on decentralized exhanges which is easier and more cost effective, at least for a majority.
Monero is not ok. It‘s become a standard for anon crypto. I stay away, as do most, for many reasons. Privacy should be a right but with all the crazies (created)…
Right not all crypto is traceable but Bitcoin is a proof of concept for a crypto where traceability is the crux of the functionality. This is not debatable. You can try to obscure who you are by using a private wallet but that's not going to carry you far if any transactions you use involve your name or address in any way. I believe it is at least apathy, if not additionally a conditioning of the "less trusting" and "privacy advocates" of society to make it seem like it's difficult to find people using a currency which is underpinned by the fact that every transaction is tracked and accessible, that has allowed so many people to get away with crimes using it.
Your skepticism of a superior privacy technology due to the type of people using it is strange as you argue that Bitcoin is good for privacy...
BTC can be untraceable. Much better for privacy than any other form of payment beside cash. That's why it's preferred amongst criminals too. BTC proved itself as a great investment but I don't trust it as a technology because I suspect it originated from the DARPA circles and serves an agenda. It's possible they're luring more people in now with this bull market because eventually it will transition to CBDC. Is it a coincidence Blackrock recently bought 100k BTC?
Get rid of fractional reserve banking that all currencies, digital et al, use.
Return currency printing rights back to the nations and issue it at no interest the way it was for centuries. For example, the tally stick in England for over 600 years and the Colonial Scrip for approx. 250 years.
We may have strayed too far from local value definitions to be able to restore such a method. We have to undo that damage done, likely by devaluing every thing and removing undue wealth from mass consumption.
Exactly. And if the net goes down in your area, bitcoin is unusable until it returns.
If the net goes down the last thing on ur minds will be crypto. Should it happen the crypto will be there after but how F‘d will we be? Our businesses depend on it.
Ironically based. Return to a barter economy where the government can’t trace every fucking transaction.
"'It is difficult to get a man to understand something, when his salary depends on his not understanding it." - Upton Sinclair
CryptoBros will only understand you, when they get locked up in their Digi-ghettos.
Seeing this in the beginning is what kept me from Bitcoin even as people were telling me I should be all over it with my "anti-government attitude"
As a flawed human I do have to say I sometimes wish I had jumped in back in those days to cash in but a technology of mysterious origin where tracing every transaction is the only way it will even function was just too much of a red flag and I had to keep to my convictions
Don‘t conflate or confuse btc with cbdc‘s. You can mix btc for anonymity (or just use monero) and use it as you want, albeit it is not a money, more digital gold. CBDC‘s will be a literal prison.
The blockchain only works with a ledger of all transactions. Traceability is the lynchpin. Yes if you mine it and use a private wallet you can be more anonymous because you can attempt to obscure the wallet from your identity. I know Bitcoin is not yet the digital prison cbdc is, it's the proving ground. Plus a great way to make sycophants
As far as I have researched monero actually does seem ok which is why you can't buy it in the US although thankfully mining is still legit. Granted the NSA can probably backtrace your mining but it's at least security through obscurity
Not all crypto is traceable. I mean yeah, I imagine the NSA if they have all the data they could connect time of tx with other data but I hope the good guys don‘t allow that world.
Goes without saying a private wallet. You can trade for it, buy it on decentralized exhanges which is easier and more cost effective, at least for a majority.
Monero is not ok. It‘s become a standard for anon crypto. I stay away, as do most, for many reasons. Privacy should be a right but with all the crazies (created)…
Right not all crypto is traceable but Bitcoin is a proof of concept for a crypto where traceability is the crux of the functionality. This is not debatable. You can try to obscure who you are by using a private wallet but that's not going to carry you far if any transactions you use involve your name or address in any way. I believe it is at least apathy, if not additionally a conditioning of the "less trusting" and "privacy advocates" of society to make it seem like it's difficult to find people using a currency which is underpinned by the fact that every transaction is tracked and accessible, that has allowed so many people to get away with crimes using it.
Your skepticism of a superior privacy technology due to the type of people using it is strange as you argue that Bitcoin is good for privacy...
BTC is not good for privacy. It is a store if value, at a minimum.
Privacy coins improving with other tech, including followin all movements.
Don‘t complicate the obvious.
Based and truth pilled.
BTC can be untraceable. Much better for privacy than any other form of payment beside cash. That's why it's preferred amongst criminals too. BTC proved itself as a great investment but I don't trust it as a technology because I suspect it originated from the DARPA circles and serves an agenda. It's possible they're luring more people in now with this bull market because eventually it will transition to CBDC. Is it a coincidence Blackrock recently bought 100k BTC?
Get rid of fractional reserve banking that all currencies, digital et al, use.
Return currency printing rights back to the nations and issue it at no interest the way it was for centuries. For example, the tally stick in England for over 600 years and the Colonial Scrip for approx. 250 years.
We may have strayed too far from local value definitions to be able to restore such a method. We have to undo that damage done, likely by devaluing every thing and removing undue wealth from mass consumption.
possibly
I can think of far better economic systems but it doesn't seem like the world is ready for that type of stuff
I like the no money at all option the most but that's a good 1000-2000 years away