Most boomers never going to understand crypto because their understanding of what "money" is has been too deeply programmed. These are the same people who doomed on checks, on debit and credit cards, on direct deposit, on ecommerce and online payments... they'll learn the hard way and will eventually adapt.
Most banking and transaction history has been trackable and can pretty much be accessed by the government when and if they do please. I'd argue that such searching into personal property records should require a warrant, but alas with evil shitheads in control, they'll do what they want.
"Money" is simply a representation of value, and that value is based on trust. Gold, silver, clamshells, tulips, "digital accounting notes", doesn't really matter what "it" is... all just mediums.
In concept, crypto is essentially universal gift certificates, similar to prepaid Visa debit cards for instance. So long as the issuer of the "gift cards" are backed by legally recognized currency and merchants are willing to accept said "gift cards" then there's really nothing the government can do to stop them. This is why governments are trying to move away from paper and move to digital currency. Blockchain technology is far superior to any other security measures.
Most boomers never going to understand crypto because their understanding of what "money" is has been too deeply programmed. These are the same people who doomed on checks, on debit and credit cards, on direct deposit, on ecommerce and online payments... they'll learn the hard way and will eventually adapt.
Cryptos are literally made up of electrons. Gold and silver are tangible.
Yes, but no
Look into Tether, the supposed “on-ramp” from USD/fiat to crypto. Once people realize it’s also manipulated, how much is crypto worth?
That's not where crypto is going. Once government functions run in distributed autonomous organizations who needs government?
Because gold and silver also have protons?
Why?
One depends on electricity and the internet, the others do not.
Simple concept, silly.
They can track everything except Monero.
Interesting
Most banking and transaction history has been trackable and can pretty much be accessed by the government when and if they do please. I'd argue that such searching into personal property records should require a warrant, but alas with evil shitheads in control, they'll do what they want.
"Money" is simply a representation of value, and that value is based on trust. Gold, silver, clamshells, tulips, "digital accounting notes", doesn't really matter what "it" is... all just mediums.
In concept, crypto is essentially universal gift certificates, similar to prepaid Visa debit cards for instance. So long as the issuer of the "gift cards" are backed by legally recognized currency and merchants are willing to accept said "gift cards" then there's really nothing the government can do to stop them. This is why governments are trying to move away from paper and move to digital currency. Blockchain technology is far superior to any other security measures.