Crypto is traceable. Yes. FBI themselves cited their ability to track Bitcoin as the ONLY way they would have busted a bunch of pedos and money launderers about 18-24 months ago.
Crypto is not a "discrete" system, recent example is when Amazon Web services went down a few weeks ago nearly all cryptos could not be traded
Enter governments, control and "vaccine passports" as a prelude to social credit scores
Once currency goes digital, you will be traced, your dollars will be traced, when they go, to whom, for what. Imagine someone you bought a shirt from (who makes pro Trump shirts let's say) is classified as an anti-government person of interest and all their assets are seized. Then They seize assets of those supporting this t-shirt seller.
Imagine speaking out against someone in power bc you don't like their policy, Decisions or actions. Trying to pump gas and now your "digital wallet" says sorry, no worky. Try to buy food? Sorry, no worky. They won't need to "ban" you physically from a store, your capabilities to conduct commerce will be short-circuited.
You're an idiot if you support that shit and all that, and worse, will be attached to cryptos.
But, muh cryptos are off the system. No, every digital data point will be able to tell if you're trading in "illegal" cryptos bc only the "one world government crypto" will be legal. You need to use the electronic internet to use them, which will be subjected to surveillance to find dissidents.
This is beyond all the other stupid stuff about cryptos. Good luck.
Seems like you are making the mistake of lumping all cryptos together. Ever heard of Monero?
Yeah, bitcoin is fully traceable. That's crypto 101. It was meant to be that way so that no one can cheat the system. All bitcoin in circulation can be tracked and accounted for so that we know at any given time how much there is. No bank can come in and just start printing themselves more bitcoin.
I'm with you as far as central bank digital currencies being a bad thing. But they are way behind schedule and the genie is out of the bottle for decentralized tech. So much is possible now without any need for third party services or custodians.
See, I don't believe in running away from technology. I believe its a double edged sword and we better get on the ball and use it to our advantage before the cabal uses it to enslave us.
Many people don't know that in the beginning Bitcoin was meant to liberate the world from central banks. The title of the white paper is "A peer-to-peer electronic cash system". There is no central authority and no one that can shut it down or seize or freeze anyone's accounts. No one can stop you from sending any amount, to anyone, anywhere in the world, anytime, and essentially for free.
Bitcoin was changed in august 2017 following a hostile corporate takeover and ever since then is when the institutions started pouring in because that original dream was stifled/killed.
Tether (and other stable-coins) are used to exchange USD to the digital currency world. However, the liquidity of Tether on the Centralized EXchanges (CEX) is allegedly provided from the Chinese real estate market. I don't get how that works, nor do I know how to verify this claim. But the price oddities in crypto have tended to follow price swings in Evergrande stock (3333.hk).
God I hope so bc all these dumbasses supporting crypto are equatable to the dumbasses supporting jabs.
What exactly is so dumb about supporting crypto?
Busy this AM but here's the short version:
Crypto is traceable. Yes. FBI themselves cited their ability to track Bitcoin as the ONLY way they would have busted a bunch of pedos and money launderers about 18-24 months ago. Crypto is not a "discrete" system, recent example is when Amazon Web services went down a few weeks ago nearly all cryptos could not be traded
Enter governments, control and "vaccine passports" as a prelude to social credit scores
Once currency goes digital, you will be traced, your dollars will be traced, when they go, to whom, for what. Imagine someone you bought a shirt from (who makes pro Trump shirts let's say) is classified as an anti-government person of interest and all their assets are seized. Then They seize assets of those supporting this t-shirt seller.
Imagine speaking out against someone in power bc you don't like their policy, Decisions or actions. Trying to pump gas and now your "digital wallet" says sorry, no worky. Try to buy food? Sorry, no worky. They won't need to "ban" you physically from a store, your capabilities to conduct commerce will be short-circuited.
You're an idiot if you support that shit and all that, and worse, will be attached to cryptos.
But, muh cryptos are off the system. No, every digital data point will be able to tell if you're trading in "illegal" cryptos bc only the "one world government crypto" will be legal. You need to use the electronic internet to use them, which will be subjected to surveillance to find dissidents.
This is beyond all the other stupid stuff about cryptos. Good luck.
Seems like you are making the mistake of lumping all cryptos together. Ever heard of Monero?
Yeah, bitcoin is fully traceable. That's crypto 101. It was meant to be that way so that no one can cheat the system. All bitcoin in circulation can be tracked and accounted for so that we know at any given time how much there is. No bank can come in and just start printing themselves more bitcoin.
I'm with you as far as central bank digital currencies being a bad thing. But they are way behind schedule and the genie is out of the bottle for decentralized tech. So much is possible now without any need for third party services or custodians.
See, I don't believe in running away from technology. I believe its a double edged sword and we better get on the ball and use it to our advantage before the cabal uses it to enslave us.
Many people don't know that in the beginning Bitcoin was meant to liberate the world from central banks. The title of the white paper is "A peer-to-peer electronic cash system". There is no central authority and no one that can shut it down or seize or freeze anyone's accounts. No one can stop you from sending any amount, to anyone, anywhere in the world, anytime, and essentially for free.
Bitcoin was changed in august 2017 following a hostile corporate takeover and ever since then is when the institutions started pouring in because that original dream was stifled/killed.
Tether (and other stable-coins) are used to exchange USD to the digital currency world. However, the liquidity of Tether on the Centralized EXchanges (CEX) is allegedly provided from the Chinese real estate market. I don't get how that works, nor do I know how to verify this claim. But the price oddities in crypto have tended to follow price swings in Evergrande stock (3333.hk).
They don’t hide it