If you are active in crypto trading, holding etc. Then you will undoubtedly have noticed that the "crackdowns" are expanding and the exchanges are following suit very quickly. "Traveler", a company that detects address-to-address verification, making sure where you send your asset, is part of a system that is approved by the TRISA directory. Crypto.com and Binance are currently using this shit, meaning others will follow suit.
The more crypto enters the retail and industry markets, the more they are finding ways to ensure they can track your transactions, assets and value.
If you are using crypto but not using your own wallet, except for the first step of buying with Fiat, then you are doing it wrong.
Yet, so many people leave their crypto in the exchanges because they are either too lazy or too scared to use their own wallet.
They can't do anything if you store your crypto in a hardware wallet.
It's worthless until it's verified against the chain.
That's not the point. The point of crypto was to take power out of the hands of the bankers and gov who destroy the value and play with money like it's a kids today. Crypto is being swallowed by these very people and simultaneously losing it's decentralized nature.
I do believe that Ethereum and the like are facebookesk coins, and vitalic buturen reminds me of zuccerberg, and ethereum is now going to proof of stake so it will end up being centralized. I am a strong believer that nearly all coins are just get rich quick schemes, even ETH, Solana and other big players. BTC is digital gold and there isn't a damn thing the govt can do to stop it. Except, i suppose, kill all the humans
They don't need to stop it all they need to do is track and trace what you have, spend, earn and transfer. Then it's taxable and the rape continues.
But you lost your coins in a boating accident
Bitcoin being hard to spend digital gold is inherently opposed to Satoshi's original vision.
lighting network
Layer 2 solutions, not just Lightning, are all bandaids, instead of actually scaling the underlying protocol. They almost always allow fuckery to the umpteenth order, and can break in unpredictable ways.
Lightning network in specific, however, is just more corporate capture B/S by Blockstream, who claim it's free to use, except for the whole "Implement it commercially and you have to pay royalties on it".
Buterin is an outspoken Pedo symapthizer. So, yeah he & Zuccy are probably BFFs.
Why would you want to replace one fiat with another? How you gonna spend bitcoin when they ain't no more bits and bytes? I'll give you one .22LR for all the bitcoin in the world.
^ This right here.
And a .22LR is a DEAL. I only offer 1 of those mini tobasco sauces from a used MRE and a wet wipe.
Unlike some people, I actually do have these in my EDC pack. Never leave home without it.
Billioniares like Dan Pena and Trump are not into crypto because in the end owning property is how to generate cash flow while minimizing taxes. Robert Kiyosaki is also an advocate of cash flow wealth generation. But Robert Kiyosaki is also for accumulating wealth through gold and silver which he refers to as "God's money" and crypto.
With crypto there are good and bad actors involved so you have to know that you can't go all in and have a diversified portfolio. And having a wallet is very important if you are serious with crypto.
We meet again, KimJung-Un!
I agree with you about crypto -- also, I believe that each one is designed as a quasi-Ponsi scheme, where those first in get rich on the speculative fever of others, and where those still holding at the end (when the US and most other nations follow China's lead by banning crypto, for one possibility) lose it all.
My only Question is this:: WHY is this not like 100% OBVI to everyone????
Are they just a little greedy, OR are they taking a RISK SHOT and will try to pull out when the garbage currency hits TOP and is about to bubble bust???
It's got to be one or the other.....
False. Crypto (decentralized blockchains) are an antidote to tyranny.
Those exchanges you speak of are short on volume and usage. Taxes is where they will get crypto no matter what.
Beauty about crypto, we don't need to use any of the currently available if we don't want. We can start s whole new one.
One thing about Bitcoin that still amazes me is that we don't know who created it. Which makes me believe it was created by the Deep State, CIA or some intelligence agency. If this were true, no one would have bought into it had they known it's true origins so they instead built this narrative that an anonymous person created it. But that's just my tinfoil hat theory.
As I recall, others who question the worth of bitcoin are Michael Burry and Jamie Dimon.
By that logic, Q is a deep state creation, no?
https://old.reddit.com/r/Superstonk/comments/qr1b6c/somebody_posted_a_couples_months_back_about_how/
Bitcoin is a honeypot search for cbdc
I disagree. I think it could be used to kill the fed. Like tally sticks were used for 800 years. Watch money masters
I really disagree with this sentiment.. I think it was basically created by white hats (the NSA) in order to return complete freedom back to people that want it. It would never have been architected the way it was (with multiple competing cryptos) if it was created by the deep state. The best thing the deep state can do now is to attempt to convince people they control it.. but they don't.. and they're already on the wrong end of a badly placed bet anyway. They took out huge short positions on the 'coordinated pandemic crisis' and never planned for an actually resilient economy that will function no matter what. They thought they could collapse the economy.. but they can only collapse specific things.. Once their actual position is realized by the market, they will have no say - because those that are bankrupt have no say in the market direction.
In order to diversify, invest in things that they tell you not to invest in... stable stocks and risky stocks.. Bitcoin and complete joke cryptos.. precious metal and Gamestock.. and even stocks they approve like Faang (if you feel so inclined).
My problem with crypto is that it’s very easy to manipulate using stable coins.
There are coins out there with no mining limits, and nobody can stop a bad actor mining millions in a stable coin without anybody knowing.
You can then use your “worthless” stablecoin buying up BTC or other cryptos, and crash it later at your own willing. Rinse and repeat at no cost, you’ll actually earn some “real” USD by selling BTC.
Crypto’s might’ve been a white hat idea, but it’s very easy to manipulate by black hats.
Saw my first crypto commercial with Matt Damon on Swedish TV yesterday, a huuughe red flag.
Agreed. I've been using crypto to buy gold and silver since 2017.
Does it exist? Show it to me.
I learned recently it's not even that favored of a way to launder money considering all transactions can be seen.