There are two flaws in crypto you will never get around and governments after some hard lessons like this one will learn to take advantage of them.
#1 - If they raid your fucking house physically they can and will seize control of your wallet from your own equipment. They will seize your bitcoins and use them as they see fit. You won't stop them because you will be in cuffs or dead. If they for some reason like a password can't get access you will sit in solitary for the next decade until you give the password to them etc etc. Just like cash, gold, silver, artwork, etc, etc... they can and will just steal it from you. Go ask the 1930s Jews.
#2 - While it is true they can NOT control this type of currency or transactions in it easily they CAN control exchanging it to and from fiat currency. This gives governments far more power than you might think and in the long run unless our economies go through a very VERY radical change in the near future governments will restructure their fiat systems to corrupt, control, or flat out destroy all crypto. I'm betting they supplant and control it so it will be just another tool to fuck us over with.
All the OP proves is crypto has a sharp learning curve. Once they overcome that they will write laws and design systems to put it in its proper place, under their control. Nothing you or I do or say can stop that... except fixing our governments. New money systems fixes a symptom. It doesn't cure the problem... out of control government.
Yes... They can. However, you can still sell gold and silver to various sources in order to obtain the cash to get something. They can't and won't ban actual money, especially when they want that for themselves. But they can ban the existence of exchanges for crypto which makes it extremely difficult to legally use your crypto as a currency.
You can sell your crypto in person, just like you can with metal. This isn't that hard. It sounds like you haven't spent 5 minutes thinking about this independently.
Its not metal vs crypto its metal and crypto vs fiat.
#1 isn’t a problem when you use full disk encryption with a strong password.
#2 isn’t a problem once debt based fiat currencies implode. Given that inflation is a feature and not a bug, that day will inevitably come.
Sure, you can move it, but can you spend it on physical goods? Bitcoin becomes rather useless to me the moment I can't turn it into gold or US dollars in my bank account or spend it at Overstock. And the US government controls the systems that an exchange would have to use to turn sold crypto into funds in your bank account.
That completely defeats the safety and anonymity aspect. Also, once the government starts cracking down on it what makes you think the people who advertise they'll trade it in person aren't uncover Feds or banditos?
Why couldn't you exchange crypto for goods directly? You don't need an exchange for that. The whole point of crypto is peer-to-peer commerce with no centralized third party interlopers.
If you can't go to a grocery store, or a farmer's market, or to your local tech store, or so on to spend it, what are they spending it on?
You can't pay employees in crypto if it's made illegal to do so, so stores wouldn't actually accept it.
So now you're trying to say that, you'd be able to trade it to someone else, who would then have to find someone else who both has what he wants and is willing to take a currency that can't be spent in any stores, and so on.
Congratulations; you are describing a non-viable currency with less intrinsic value than fiat in this situation.
You can't pay employees in crypto if it's made illegal to do so, so stores wouldn't actually accept it.
Sure you can. What makes you think just because a failing government says businesses can't accept something as currency that means they are all going to obey? Crypto can't be censored, they can only control the onramps. Once people get comfortable enough with crypto that they know how to send and receive to each other there will be no need to ever go back to fiat.
If such a scenario came to pass would you accept an enforced central bank digital currency just so you can go to the grocery store? Or would you find ways around it where the government doesn't have complete control over your finances?
The biggest problem with crypto (besides the Volatility) is that so few are willing to accept it directly as money (p2p) instead of exchanging it for cash and using it.
The last comment made almost me spit my drink out. LMFAO. Good job Nanchuk! Wishing you all the best and may your company prosper on the ethics it holds! Hold the Line!
Shows how out of touch the "Court" Is. They don't realize these new forms of digital currency are to circumvent the Central Banking Systems of the world. They should consult with their NWO masters on why their court order means squat, or is it just optics?
Reckon so, wish I had the time and tech savvy to dig around and out her. I love the idea of putting names and faces to the people perpetrating even the least of this harassment
There are two flaws in crypto you will never get around and governments after some hard lessons like this one will learn to take advantage of them.
#1 - If they raid your fucking house physically they can and will seize control of your wallet from your own equipment. They will seize your bitcoins and use them as they see fit. You won't stop them because you will be in cuffs or dead. If they for some reason like a password can't get access you will sit in solitary for the next decade until you give the password to them etc etc. Just like cash, gold, silver, artwork, etc, etc... they can and will just steal it from you. Go ask the 1930s Jews.
#2 - While it is true they can NOT control this type of currency or transactions in it easily they CAN control exchanging it to and from fiat currency. This gives governments far more power than you might think and in the long run unless our economies go through a very VERY radical change in the near future governments will restructure their fiat systems to corrupt, control, or flat out destroy all crypto. I'm betting they supplant and control it so it will be just another tool to fuck us over with.
All the OP proves is crypto has a sharp learning curve. Once they overcome that they will write laws and design systems to put it in its proper place, under their control. Nothing you or I do or say can stop that... except fixing our governments. New money systems fixes a symptom. It doesn't cure the problem... out of control government.
I'm not dooming I'm just speaking truth.
They can break in and steal your physical gold and silver assets too 🤷🏼♀️
Yes... They can. However, you can still sell gold and silver to various sources in order to obtain the cash to get something. They can't and won't ban actual money, especially when they want that for themselves. But they can ban the existence of exchanges for crypto which makes it extremely difficult to legally use your crypto as a currency.
Bitcoin is also way less private than cash.
You can sell your crypto in person, just like you can with metal. This isn't that hard. It sounds like you haven't spent 5 minutes thinking about this independently.
Its not metal vs crypto its metal and crypto vs fiat.
Bitcoin is NOT the only Crypto that you can do transactions with...
When the government shut down the Silk Road did people stop using bitcoin to buy drugs online?
No they did not.
Other markets took Silk Road's place, still exist to this day, and they operate with much tighter opsec these days.
Anything the government bans, multiplies, it doesn't go away.
The government already has a track record on banning gold and banning its exchange into paper money. Look up the Gold Reserve Act.
It can also melt when antifa throws molotovs at your house lol.
It can also be eaten by your toddler 🤷🏼♀️
Lol
Don’t broadcast your bitcoin assets, and if anyone asks, lie.
What's a Bit coin?
#1 isn’t a problem when you use full disk encryption with a strong password. #2 isn’t a problem once debt based fiat currencies implode. Given that inflation is a feature and not a bug, that day will inevitably come.
if we ever get to a point where the govt kicks in our doors to steal our assets then we have already lost
Not really. Not sure why you think you can exchange it for goods if they cracked down on exchanges. Automatically a major flaw.
Sure, you can move it, but can you spend it on physical goods? Bitcoin becomes rather useless to me the moment I can't turn it into gold or US dollars in my bank account or spend it at Overstock. And the US government controls the systems that an exchange would have to use to turn sold crypto into funds in your bank account.
Trade it in person, just like metal.
Its not metal vs crypto, its metal and crypto vs fiat
That completely defeats the safety and anonymity aspect. Also, once the government starts cracking down on it what makes you think the people who advertise they'll trade it in person aren't uncover Feds or banditos?
They might be, but that's true of metal dealers as well. You have to think for yourself.
So... Who's going to buy it?
You sell it to a gold/silver broker, a pawn shop, someone else, etc.
They can still convert it elsewhere, exchange it if you will, for a currency that can be used to buy goods.
If exchanges are stamped out, who's going to buy it from you? Neither of you would be able to convert it.
It's like plugging your ears and go "lalala" because the concept is neat, so you won't hear any criticisms about it.
Why would I tell a fed where to buy and sell crypto IRL?
Is crypto tangible?
Is God tangible? What about WiFi? Or freedom?
It's OK if you are slower than the others, but you should try to keep up, and don't pretend you're faster.
If it starts free falling it's probably taking every fiat currency with it and nobody will want any of it.
Why couldn't you exchange crypto for goods directly? You don't need an exchange for that. The whole point of crypto is peer-to-peer commerce with no centralized third party interlopers.
Because how do you have value to that?
If you can't go to a grocery store, or a farmer's market, or to your local tech store, or so on to spend it, what are they spending it on?
You can't pay employees in crypto if it's made illegal to do so, so stores wouldn't actually accept it.
So now you're trying to say that, you'd be able to trade it to someone else, who would then have to find someone else who both has what he wants and is willing to take a currency that can't be spent in any stores, and so on.
Congratulations; you are describing a non-viable currency with less intrinsic value than fiat in this situation.
Sure you can. What makes you think just because a failing government says businesses can't accept something as currency that means they are all going to obey? Crypto can't be censored, they can only control the onramps. Once people get comfortable enough with crypto that they know how to send and receive to each other there will be no need to ever go back to fiat.
If such a scenario came to pass would you accept an enforced central bank digital currency just so you can go to the grocery store? Or would you find ways around it where the government doesn't have complete control over your finances?
Do you have a link to that message?
OMG! The replies in the Twitter thread says it all!
Beautiful!
Haha this is a great test for all the good wallets out there. Checking out Nanchuk now :)
If that's real it's brilliant amd a stab straight into the deep states eye.
BTW worth taking a look at this wallet. It sounds pretty awesome. https://nunchuk.io/
Good response!
Based response
The replies are hilarious
End the Fed. Here’s Why. https://www.youtube.com/watch?v=yr8bH0utMfI&list=WL&index=23
Id marry that wallet 👍🏻
Absolutely savage.
Awesome answer!!!
Kek - the last line.
It all comes down to the states guys.
If enough states tell the fed to go to hell. And they issue their own crypto currency.
The fed can’t do too much.
Colorado governor already said they are going to allow people to pay taxes via crypto this summer I believe.
If enough states see the writing on the wall with the federal reserve and inflation.
They are going to save their asses and move their state to another currency..
The biggest problem with crypto (besides the Volatility) is that so few are willing to accept it directly as money (p2p) instead of exchanging it for cash and using it.
The last comment made almost me spit my drink out. LMFAO. Good job Nanchuk! Wishing you all the best and may your company prosper on the ethics it holds! Hold the Line!
Shows how out of touch the "Court" Is. They don't realize these new forms of digital currency are to circumvent the Central Banking Systems of the world. They should consult with their NWO masters on why their court order means squat, or is it just optics?
Spicy
MUUN Wallet
This is the way…. 😂😂😂😂
Dayum! That's a spicy meatball!
WEW FUCKING LAD
Makes me wonder who this monique lady is and if her info can be found/publicized by more skilled pedes than I.
Reckon so, wish I had the time and tech savvy to dig around and out her. I love the idea of putting names and faces to the people perpetrating even the least of this harassment
Last quip was neat