What do you think happens when paper money or gold and silver are replaced with electronic central bank controlled currencies? What do you think happens to your privacy, or your capability of financing or purchasing what you want?
I cant believe people are so stupid they believe that a digital currency, in the age of tech tyranny, is actually a good idea.
We need a shift AWAY from electronics that are ALWAYS controlled by a small group of people.
Take for instance India. Bitcoin and other private cryptos will be made illegal, meanwhile government central bank issued cryptocurrency is being developed. What does that sound like to you? Sound like a good proposition?
Wake up people. We need to scrap fiat currency and return to gold and silver. Dont listen to the shills saying crypto is the way of the future. It is not. It is the way to enslavement.
Furthermore, the SHA256 algorithm upon which Bitcoin and most cryptos are based, was created by the NSA. Therefore the NSA would be the only organization in the world to have the backdoor to everyones wallets. Until central banks get involved.
The solution is not magic internet money. It is abolishing central banks, and furthermore, returning to sound currency based on precious metals, that are untraceable and provide us with freedom, security and privacy.
Please crypto people, stop selling yourself a utopian dream.
your argument is the same as saying email and cell phones are bad - let's go back to snail mail
cars have license plates we should go back to horses ?
houses have title documents govt knows where you live - time to go trail blazing and live in the bush ?
crypto is a technology can be used for good or bad
the king tried to outlaw gunpowder - where did that get him?
did he monopolize it and the world is ruled by men in castles with cannons on the ramparts - or did they find it impossible to control.
crypto has been running over 10 years now, widely used in the dark markets, investors are coming in - yes it can be tracked - so can a bank wire and a check since 100 years ago....
india has always been weird with money - you could change USD and GBP in the back alleys for double the rate 30+ years ago....
what do you think will happen if they try to outlaw bitcoin - it only adds to the appeal....anyone with spare cash will find a way to move into BTC.... it makes it more appealing not less.
in Venezuela in total poverty for years they have been trying to shut down cryptos - they were not able to.
they have been trying to kill torrents for 20 years now - you can still download any movie you want in 5 minutes from a torrent at zero cost.
they won't be able to kill it - they can try and they will fail and their douche coin digital govt central bank masturbation will be shown for the worthless laundry token it is....
Bitcoin, yes. Cryptocurrency in general? No.
There are options out there such as Nano, or BCH, that have potential.
2 masks and a finger in your ass. Keep pushing forward.
Currencies used by the criminals, on large scale.
Soros is paying Navalvy in Bitcoin after Russia found Navalny's MULTI MILLION $$$ account in Swiss banks, For a man who never worked a day in his life. So, Bitcoin to feed the deeds now. As one example.
And all the child trafficking now will also switch to digital currency as well, for same reasons. All drug deals are mostly same, for a while. ALWAYS FOLLOW THE MONEY.
RE: "... Better to say it is used by people who do not want the government to be able to track and control their actions. "
Isn't that what I pointed out?
Crypto is traceable. Tbey are not using it for major crime. The USD is
It is indeed a technology. Like the evolution of currency from polished sea shells to gold and silver, this technology has itself for better or worse become a curency in some circles.
The problem is that the "digital world" really is just these large mega cities that seem to live in a bubble. Outside of these city bubbles is the real world where all this future fantasy stuff falls apart.
If this is to be the future of currency then it needs a longer time to penetrate into the rest of the world outside of mega cities. Even in the USA, there are places where power goes out weekly, internet is spotty and unreliable, and stores that only accept cash.
I don't think people are against it because they are afraid of the change. I know for me what concerns me most about Bitcoin in particular, is the foundings of it seem unclear to me. Also the level of required technology for it to work. I see this magical term "blockchain" thrown around. No idea what that is or does and it doesn't even matter if at the basic level there is no power or no internet to perform a transaction.