The initial rise of crypto was feeded not by anonymity from each other, but by anonymity from any authority. You don't have to hide your identity from people you use crypto with. You could pay in crypto to your neighbour for car repair and receive it from another neighbour for honey from your bees. But that transactions will be anonymous for authorities if you all don't want them to know about your trade.
You are not obliged to pay to persons that are anonymous for you. And you could be anonymous if you wish. F.e. for the entities with whom you don't want to share your identity and information about your transactions.
The main flaw of conventional money systems is complete control and possibility of tracking by authorities. With the rising intrusion of authorities into our privacy, including financial one, when they could know absolutely everything up to last dollar you spent on toilet paper, demand of independent currency would grow. I can't tell you if it would be some advanced crypto, or people will invent something much better, but it is inevitable.
For now, it is already hard to tell what is worse - to loose all your money due to some artificial crisis, or, say, forfeiture/seizure by authorities, or to loose some coins because of exchange games or malicious seller.
Observing current games with cryptocurrencies we could find a lot of interesting knowledge and be prepared for that independent currency when it pops up once.
Still don't get the logic.
In the 1990s a whistleblower came forward after working on deep underground military projects.
OK, we have a wistleblower with some important info.
He claimed our planet has been invaded by hostile extraterrestrials who live in subterranean colonies.
Nice info, definitely worth sharing with public. But what is the reason for delaying actual release?
Right before publishing coordinates to all the bases
What prevented this wistleblower to publish coordinates along with his first claim, completely avoiding any sense to kill him?
he 'commit suicide' & his manuscript was stolen.
So, someone claim that he will disclose some dangerous information later, inviting ones who want to hide this info to stop him and giving them ehough time to do that. What is the point? Are all that wistleblowers so stupid to make the same mistake again and again? What could be any logical reason to anounce some important info and suspend its release? Why not release all that info in first case? It is insane, dumb and illogical.
If you have some critical info - release it in one shot, and that's all. This will protect you from anyone who want to keep this info hidden because it will be too late to hide it. There will be no any sense to exterminate you.
If that "wistleblowers" are so stupid, what is the point to talk about them? If they are so stupid, what is the chances that their info worth something? With that level of stupidity they could easily think that 2*2=4 is the top secret.
Or they just ordinary attention whores and have nothing real to disclose.
In any case, if "wistleblower" announce disclosing something important "later" - it is a bullshit. There can't be any logical reason to suspend such disclosure for a single second.
If I print off the same bitcoin qr code/address/whatever for redemption by someone else, and print two of them and give them to two different people, the first one to redeem gets paid and the second guy gets screwed.
Yes, there have to be some culture and trust. Just like with cash or card payments. You could call to the bank and recall your card payment or claim to the police that one who received your cash just stole it from you. But that kind of activity considered inacceptable in our society.
I strongly push a cloned drive for immediate recovery
It could be dangerous in case you have problems with disk interface. Broken interface damage data on your working disk, you replace it with a backup one, and damage it too. Been there, saw that. To avoid this you have to clone your backup before attempt to use it to keep your data safe. With modern disk sizes it is not a very immediate thing.
For a currency to be really useful you need it accepted everywhere.
Yes, and there even was a moment with Bitcoin when you could use it to buy a cup of coffee or fill a fuel tank. But that didn't last long, since transaction time rised to the level unsuitable for usual shopping. Now you still could pay with crypto for hosting, f.e., but that is not very common option. Business is ready to accept crypto as payment, but the flaws in whole system make the payments problematic.
Unless digital currency is as easy as tapping your debit card or credit card and accepted everywhere across a country like fiat cash is, it will remain a niche.
Exactly. And that is why it couldn't express any danger for cash or other payment systems. Crypto is just not ready for that yet.
May be you just mixing dumb worshipping to authorities and their attributes with love to your place of birth/growing/living, people around, local nature and other nice things? It is completely different things, never mix them in one term.
I can't tell that agreement was with evil, it could be opposite, say they had to prove that they are deserve their power. But being greedy and corrupted they completely pervert the goal. Say they had to prove that they care about planet and people, but since they are dumb, greedy perverts, they spent time making a show of solving non-existing problems they think out just to gain more wealth and power. And of course falling into all sins you could imagine including satanism and other crap, believing that it will help them to fool that higher power.
And facing deadline they just try to do all that useless crap with enormous zeal and hurry. That is why they don't hide anymore and we have a chance to see their real face with all that perversions, satanism and stupid and useless "care" about planet and people.
I also clearly see that.
They are in a great hurry and they are afraid as fuck. The level of absurdity of their attempts to push something rising with every day.
As a random thought - in 70s they made some agreement with their masters or some higher power to do something in 50 years in exchange to their wealth and power over people of Earth. They started a lot of projects and now the deadline is near but nearly nothing is completed.
I think you hear nothing about it because people have offered other explanations.
There are no any other explanations, only FTL one and weak attempts of opponents to misinform others about experiment details. The latter ones is futile, because experiment was reproduced by independent researchers with results even worse for relativists.
I have seen a paper on causality violation, that it can happen according to some test conducted where photons are reacting to something that hasn't happened yet.
Please share a link or doi if you have it, I like that fringe things a lot.
Our knowledge in the field is incredibly primitive
Our knowledge on quantum physics could be completely worng, like in a case with a theory of flogiston, that was completely wrong, but allowed to do a complex thermodynamic calculations that was perfectly accurate.
As for quantum computers, I could imagine some usage in cases where you have to deal with probabilities, since all quantum physics is about probabilities, but that niche in no case interfere with anything that advertised about quantum computing in MSM.
Explaining proof of work crypto to someone who’s a complete newbie is much harder.
Hardly it is a flaw. Explaining how some stupid whatsapp works is much harder than that, but that does not prevent sheeps from using it. And using it sheeps loose much more than stupid money.
Revolutions have happened for less.
Don't remember any revolutions or even any backlash on prohibition of circulation of radioactive metals. Nobody could prevent governments to state that gold is now radioactive "because of science" and cause of cancer and diarhea. And all sheeple willingly will run to the "gold utilisation points" with their gold and will immidiately report on neighbour who "harm people having gold".
Tying up that many resources for the heat output is like buying a national park to make a single box of tooth picks.
Indeed. That is transaction cost flaw that should be fixed in future versions.
But still try to get the idea that people willingly go through that complexity to get that coins. If there was no demand in uncontrolled currency, people never would have been do that insane things.
Printing off your bitcoins for backup is an okay backup, but it completely erases the point of them in the first place, being a digital means of exchange.
Really no. Printing a wallet devirtualize cyrpto into reality. :) That paper is a complete representation of coins. You could use it like cash, just provide a password to that printed wallet.
You could even create a dozen of wallets, put some some small sum in each and print them. You literally print your own cash that have some real value.
Cloning the hard drive for a backup is agreed the best option
You don't need to clone your drive, just copy only important files and that's all. For crypto the only file you need to backup is wallet.dat.
But printing off a wallet and cloning a hard drive is another step average people aren’t willing to do.
So, why they whining about crypto, if they don't want to keep it correctly? It's just like entering a plane cockpit and began to complain about complexity of controls when you "just want to fly and that's all".
People are LAZY.
And stupid. So it is illogical to pity them, when they try to use things intended for clever and not lazy people and fail. If you are lazy and stupid - don't use things you don't know how to use. Or pay somebody to use them for you.
Alcohol prohibition failed miserably. The war on drugs is a joke and weed is legal here and in several us states as well as other countries.
I doubt that prohibition was real intent of government. When government really want to prohibit something, it works without problems. Again, look at radioactive materials. The picture is completely different from alcohol, drugs or even guns.
Plutonium is banned because of its use for nuclear weapons and reactors, and because of the sheeples fear of such things they’re okay with the that’s.
No, it is banned because it is a good and long-lasting source of energy that could make people completely energy independent. In no case government want a household that needs nothing from corporations to exist without falling to stone age.
I don’t see crypto in current form changing form the better.
Me too. Current version will be inevitably replaced by more advanced one. It can't be fixed. Only after few iterations crypto will be ready for use by any sheeple. It should pass its way, just like computers or other complex technologies.
As for sheeple who fall into traps of greedy swindlers who use new technologies to grab peoples money, there is nothing new at all. It happens right now with that AI crap, or "quantum computing", f.e., but only a crypto painted in black by media. Because idea of cryptocurrencies is dangerous for them. It gives people a hope of currency independence.
To be fair, all food was once shit. And all water has been someone's piss at one point in history.
And to convert shit and piss to food and water we never need any Bill Gates and fancy artificial technologies of giant multinational corporations. Agriculture and nature itself perfectly do that for us. And will continue to do it forever, unless CO2 levels will fall down due to completely insane and deadly narrative of "reducing carbon".
First you say the algorithm is the regulation, but then you go on to talk about how the shit coins have flawed algorithms.
So what's wrong with that statement? Flawed algorithms regulate coins in flawed manner, that is why they are not as popular as could be.
Gold and silver could drop to zero as a currency but they haven’t totally lost value.
They will drop it's value if they be allowed only as appliances. Hardly people will exchange gold-plated PCBs, if it will be illegal to have and exchange gold in raw form. Like plutonium. It is useful and even expensive, but you can't use it as a mean of exchange.
Plus all these coins are only increased in value when people buy them with either fiat currency from one nation or other,
Because there is a flaw in algorythm that regulate that coins to be useful mostly for trader games or as long-term savings.
or with a different coin that was either purchased with again fiat or mined at great cost of electricity which is still having its bill paid in fiat.
That is another flaw - proof-of-work coins need a lot of computing power. However, even in that version, I know few people who use mining rigs as heaters that not only heat their houses as ordinary heater, but also return some part of paid electric bill in coins. They even don't care that miners does not pay for itself, any amount saved on heating is good enough, because usual heater will return absolutely nothing with the same electricity consumption.
As for the “run off” part I’m referring to people who create then push a shit coin, get early adopters and people to invest, claiming high value and future speculation, then when they have enough money soaked, drain the value through their chosen method and leave everyone else holding the bag full of worthless shit coins.
Don't use that shitcoins, what is the problem? Nobody force you to fall in new coin with suspisious creator.
I’ve had hard drives fail.
Do you know about backups on different hard drives and other media? Do you know that you could even print your walllet as QR codes on paper and put it in a safe just like cash? Inability and laziness to use accessible ways to save your coins is not a coins fault.
People have accidentally lost their drives with their wallet, drive internals fail, solder joints crack, etc
It is only that people fault, nothing more. I'm shure that kind of people permanently loose different digital info again and again but still don't want to do backups.
To most of us, crypto simply feels like online stocks, with extra steps, and a few more headaches.
Exactly. And that is why current version of crypto will never replace cash. But that does not mean that idea of cryptocurrency is bad and wrong. We are on the earliest stages of cryptocurrencies development, just like ancient people who are trying to use a rare sea-shells as money.
Nice articles, thank you, bookmarked.
Quantum theory is not complete, it could explain some effects, like changing energy levels of atom electrons and perfectly allow to calculate and create a lot of things from lasers and semiconductors to fluorescent paints but it does not explain a lot of things. Possible theory enhancements cross the road of relativity which is an absolute dogma for Einstein praisers. So, most answers for interesting questions could not be given until relativity will be thrown away.
Really, the coolest thing connected with quantum physics I found is Gunter Nimtz FTL experiments, that was reproduced by other researchers and completely silenced for a long time. https://en.wikipedia.org/wiki/G%C3%BCnter_Nimtz He made a very simple experiment, that undeniably show that radiowaves carrying information could travel 4.7 times faster than light. Further experiments by other researchers shown that quantum tunnelling of radiowave photons seem to occur in zero time. That completely throw out special relativity theory with all its garbage about impossibility of FTL. Obvilously no any predicted by special relativity time paradoxes, like casuality violation occur, and some most active Einstein shills even used that fact as a "proof" that there was no FTL.
And you will hear absolutely nothing about that bombshell.
Even from his first wife, Mileva Marich who is propably real author of inital Einstein works on photoeffect and others which made him famous. Einstein even gave her a part of his Nobel prize to shut her up in spite of fact that they was already divorced for a long time at that moment. :) Mileva bought three buildings in Zurich using that money and leased them.
Really, Einstein was not a genius at all. He even don't get that Lorenz transformations is just a correction for the observer that use electromagnetic waves to observe moving objects. The same Lorenz transformations completely valid in the case when observations made using sound waves, with speed of sound instead of speed of light. However Einstein made insane conclusions from that transformations formulas, f.e. that speed of light is a maximum possible speed, and that if you transmit information faster than speed of light it will pass to the past, etc. If he made such conclusions on the speed of light, he had to made the same conclusions on the speed of sound, since Lorenz transformations does not differ for both speeds.
That stupidity is so obvious, but all the jewish cabal stand for it with all their strength. And that false conclusions stopped any research on FTL technologies for more than a century.
Really, money go to miners and traiders who obviously spend them for goods, services, land, etc. The trick is that the network is highly distributed, so there are no any large entity that could collect and hold most of fiat.
Even if initial goal of crypto was malicious, it quickly run out of control. Now you could see only meaningless attempts to regulate all that madness by laws, prohibition and other stuff. They even began to use crypto for money laundering using ransomware hoax as excuse. That is the only profit they finally got. And TPTB themselves got nothing, really, They don't need money laundering, because they print the money, so they can't even use it for something useful for them. And they can't switch off internet, since it is their main propaganda device now. Also interesting that none of cryptocurrencies created by financial entities gain any popularity. It is clearly out of control. And that's good. This proof-of-concept showed amasing results even with all flaws and problems. Now we could study all mistakes of first cryptocurrencies and create something much more useable, versatile and flawless.
Meanwhile, cryptocurrency system could be not only a mean of exchange, but also a mean of information exchange - messenger, social network, file storage, anything. If you combine all that in one thing, you will get an self-sustainable undestructible system that is completely free of any government or corporation control where every participant get some real profit for keeping system running. Next generation of crypto with high probability will be based on proof-of-networking, unlike modern systems based on proof-of-work or proof-of-storage. That will solve most problems with current generation of crypto and it will be much more useable as a replacement of ordinary currency.
I didn't dig deeper on that meaningless "result". So they failed even with a proof-of-concept. :)
As for large systems, AFAIK, there comes up another problem with decoherence along with the scale up. More qubits, more decoherence and nobody knows how to avoid it.
Really, it is fascinating to observe how all that total crap with quantum computing, artificial intelligence, etc. not only used for enormous money laundering, but also successfully used in fearmongering. Seems that even here only few really do their own research to find out the real state of affairs with that marketing bullshit.
Day to day it's harder and harder to keep the faith in humanity.
But crypto regulated by its algorithms means is still regulated outside the control of the general user.
Outside any control of anybody. Just like a physics law. It is much better than any other currency.
Most of us aren’t buying, trading or even using shit coins people make.
That is because its algorithm have fundamental flaws, like long transaction time, big transaction costs, etc. Once that flaws would be fixed, most people will prefer it at least over over bank accounts.
Don't forget, that current cryptocurrencies is just a beta version. And even first beta version with all its bugs and problems gain enormous popularity. That means there is a huge demand for an independent currency.
There’s plenty of claims of usefulness and anonymity for various coins but as time goes on these get proven wrong.
That was never proved worng. Crypto is clearly usefull as a way to avoid government control and it is really anonymous, since you don't need any documents and approval to create an account. Crypto is traceable, but anonymous. Traceability does not mean lack of anonymity. It is different things.
Crypto can be worth a lot or at least something and be worthless when you wake up the next day.
Just like any other currency. Gold/silver could be just prohibited for personal owning, like plutonium. And that's all. Since it is physical object, so you will be caught and jailed immidiately if you will try to use it. However, crypto can't be instantly made worthless by any government. That is why it is still worth something. That is one of the unique property of crypto that makes it valuable.
Someone you’ve never met online who created a shit coin and ran off with the useful money is much harder to bring to that, ahem, special justice.
Creator of shitcoin can do absolutely nothing with your coins. He can do nothing with coin network, since it grow out to other people. You could easily ignore him and use your coins as you wish. You even could take his code and run your own instance of network, completely independent. That's the point.
As for "run off" - just don't be so dumb and don't transfer your coins from your own wallet to any shitty exchange or service you don't trust. You don't give your cash to a stranger promising something, so why you do it with your crypto? Who force you to create "your" wallet on some shitty services instead of your own PC? If your crypto wallet with coins is not on your own computer - it is not your wallet. Just like cash. Nobody can run off with your coins if you don't give them out willingly by yourself.
Any regulation could work both ways. And currently, the way it works highly probably would not be for your interests. At least globally. You could win a single case, but the whole system make your win useless very soon. Inflation, taxes, rent, etc - they always took everything back.
Really, crypto is not unregulated at all. It is regulated by its algorithm, not by some authority. This gives a way to create an independent currency that will be resistant to "greedy assholeness" of people. Just mathematically. Interesting that there was attempts to create unconventional currencies resistant to greed in Nazi Germany. Money you own began to loose its value if you are keep them too long. So there was no way to accumulate them and to avoid losses you had to spend them by buying goods from other people. As money change owner, countdown to the time it began to loose value started again. Being greedy with that kind of money have no sense at all. You was pushed to make them and spend them by their nature. Of course that system was not perfect, and experiment was destroyed too soon by war.
Nice theory.
Reminded me "The Mind Parasites" by Colin Wilson.
Exactly. For 2021 the best achievement in over 20 years of quantum computing in breaking cryptograpthy is .... be ready .... integer factorization of the number 21 into primes 7 and 3.
That is all that was done in crypto breaking sphere for that billions invested into quantum computing.
I suppose that working Alcubierre drive will be built much sooner than quantum computer will be really able to break some outdated cryptography algorithm that is now considered obsolete.
Reading through your reply I get the impression that crypto is really no better than made up money at Disney Land or Canadian Tire.
Something like that. Difference is that it is issued not by some company, but by all people who involved in network. Value of that currency is created like value of any other currency - people who use it agree to use it like a mean of exchange. It differ only in that the confidence to state currencies are pushed by laws, and confidence in crypto is a product of people agreement.
If somebody will invent an cryptocurrency algorithm that will eliminate major problems of existing cryptos with speed of transactions, endless growth of blockchain and enormous computing power needed for running whole thing, that thing will become something like "Disney money" but accepted everywhere and issued by community of users.
Really, there are no many choices for "independent money". It is some precious metals/gems, improved cryptocurrencies or huge total barter network. If you know other alternatives, I'm all ears.
"Independent money" that could not be controlled by any authority, could not be taxed or confiscated could be a very helpful thing to defeat TPTB.
This is some mix of truth, guesses, misunderstanding and propaganda. You really don't need to guess, if you have source code. Just look at it, and that's all.
Destroy CASH forever
Cryptocurrency is closest thing to the cash you could think out in digital realm. It is even more cashier (can I say so?) than cash itself. The main differences are: You could "print" crypto by yourself, you can create your own coins, and crypto is more complex in transactions. Last difference make the "destroying of cash" using crypto impossible.
Likewise create 100% digital money systems
In depth you will find that all money systems are 100% digital. Hardly somewhere on Earth you will find a country with gold coins in real everyday circulation. Everything else is digital. Even that pieces of paper with serial numbers and value printed on them.
Have total traceability of digital money
Yep. Bitcoin-like crypto is completely traceable. From address to address. That's the core feature from the beginning. But there are no way implemented to figure out an owner of address. Also, there exist non-traceable cryptos like Monero. Don't forget that cash is perfectly traceable too. That is why they print serials on cash.
Facilitate the "great reset" and social credit score systems of political reprisal
It's orthogonal, really. Crypto is just a tool. You could use it for anything.
Give the illusion of safety security of the digital money
Crypto is as safe and secure as owner able to keep. You could easily loose all your crypto, just like with bank account or cash.
Give the illusion of safety and security of blockchain based voting systems
Voting system can't be safe and secure at all if you can't check that your vote was counted and counted correctly, and all other votes belong to real people that also could check their votes. This safety and security is independent from the system behind voting. Blockchain does not provide that properties.
Give the illusion of safety and security of digital identity
Not true. You could create any number of identities (addresses/wallets) in any crypto system. Safety and security of that identities depends only on your understanding of how it works.
It's an illusion because the NSA can currently crack a single wallet with all their resources.
No. It's an illusion of NSA might. To crack a wallet you had to spent much more power and time than to mine average coins in that wallet. So there are completely no any sense to crack someone wallet. Cracking wallet gives you only one thing - the ownership of the coins in that wallet, nothing more.
It's extremely likely that cryptocurrency was invented by the NSA itself. After all they created the public key cryptography algorithms and crypto hash algorithms that cryptocurrency uses.
No. There are many cryptocurrencies around and they use different cryptography, including ones that was not created by NSA or any other agency. You could even create your own cryptocurrency based on your own cryptography
Blockchains are not quantum secure. They can be unzipped by quantum computers that have a sufficiently high enough qbit processor;
"Quantum computers" is just another marketing hoax along with AI and other crap. They don't work in the way as pushed in MSM. They are very special devices with very limited circle of tasks. The best thing existing quantum computers could do is to simulate not very complex system of randomly moving particles interaction with each other. And seems that nothing will change in closest decades.
It's possible for NSA to crack a wallet but leave the money there; so someone would never know their wallet is compromised.
There are no any sense to crack the wallet and don't touch the money at all. You don't need to crack a wallet unless you need to transfer the money to another address.
The NSA could have a database of private keys they've stolen from cracked wallets just waiting to collapse the entire blockchain in one fell swoop at some time in the future. I call this the "Forthcoming crypto backdoor"
That can't be used to do something with cryptocurrency system. If you crack a wallet, the only thing you get - is an ability to transfer money to another address and that's all. Transferring money from one address to another is what all that thing was created for. To damage Bitcoin-like cryptocurrency you need to take over more than 50% of computing power of whole cryptocurrency network, not to crack wallets.
It's going to be impossible to correct problems with such a system unless there is an authority, such as a special digital court
The main point of cryptocurrency is an absence of any authorities. If you found a cryptocurrency with some authority - it is a bad, fake and useless cryptocurrency.
Really crypto hardly will jump out its current niche. There are too many disadvantages in existing cryptocurrencies, including blockchain itself, that completely prevent its wider usage, not even talking about replacing cash.
Just usual hype of fading celebrity of the past. Nothing interesting....
We have much more relevant Howard for conspiracies.win - Howard Hughes, f.e. :)
It is pretty hard unless you are a bearded muslim "refugee".
Theoretically, if you are white and wealthy, you could try to obtain residence permit registering a real working company in Sweden and investing money in Sweden economy. After 5 years of legal residence you could try to ask for citizenship.
Is Putin no longer in control?
He never really was. NWO is in control since 1993 Yeltsin coup.
Just a few months ago he came out and said
He always say and promise a lot. But nothing was done at all except things that in line with NWO narrative, from total surveillance reasoned by terorist hoax to that coronahoax insanity.
The only thing Putin care about is his wealth in western assets. Since all of his assets on the West is safe and protected, he doing his job for NWO pretty well.
Covid theater in Russia is run by Putin & Co. including his ministers and top managers. Gintsburg is just another jew in long list of jews making money from coronahoax.
"patient number" - interesting field.
"Patient" in Russian is translated also as "терпящий" or in rogue slang form "терпила" i.e. "a victim that tolerant to any humiliation/harassment".
So in my head it sounds like a "serial number of a victim tolerant to any humiliation"