Trump says that we're going to embrace crypto
(twitter.com)
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As long as the same crooks are in charge I will never be on board. As long as they can just tax the shit out of everyone for what they want I will never be on board.
They cannot garnish your Bitcoin if you refuse to pay taxes.
Sez who?
Funny little story here. I'm a network engineer with a mid size US based company. A few weeks ago I and a few of my collogues were working on an issue at our Berlin office. Did a trace route from our US HQ to our Berlin office over an encrypted VPN tunnel and SOB, something in the MIDDLE of our encrypted tunnel answered. The IP address that responded was 6.12.47.200. You can go to Arin.net to see who that is. DISA. They since turned off their ICMP replies but it shows a few things. First, it is there, decrypting our traffic and I'm certain recording it. Second, it's FAST. Had it not replied I would never know it was in the middle doing it's thing.
If they can almost transparently hack an encrypted VPN tunnel, who says they can't hack into a Bitcoin wallet?
100%. It’s not the block chain you have to be concerned about with Bitcoin (or most crypto). Its the inline WALLETS those sit in. Hard wallets are the way to go.
To put this succinctly, the reason Bitcoin is so revolutionary is that ownership and validation of ownership and quantity are all distributed.
No other bartering medium offers that, not even gold and silver.
Nobody is “in charge” of Bitcoin. That’s the beauty of it. Exchanges have owners, but not the platform itself.
It removes the need to trust someone with something they can’t be trusted with.
Security is a legitimate concern with it. Method of hodling is a legitimate concern with it, but not so much the platform itself.
And none of that protects from a corrupt system that will in turn just tax thr living shit out of you when they want money since they cant print willy nilly. You pay or you get prison. Or they take away everything that was meant for the people and shift funds elsewhere. Fix the corruptionor it will never matter. Its also a pipe dream to think they wont have controls in place. Does anyone really believe the people who have built every system to track everything you say and do will stop at being able to track your money?
How much have you read up on Bitcoin?
It’s a distributed ledger system.
Take that and match it against the characteristics of money.
The same system that allows money to be traceable would prevent them from being able to counterfeit in their private ledgers.
You're still missing the point of what Bitcoin stands for, Cherokee.
No. I simply do not ignore real world application/implementation. Which the pro crypto crowd seems to ignore for a promise. All while ignoring the largest elephant in the room World wide crypto is the largest step needed for one world governance. And poof. Satan has his control mechanism in place.
The beauty of Bitcoin (which is not the same as other cryptocurrency) is that it is DECENTRALIZED. Nobody controls it. It can't be diluted. It's protocol is transparent. And, small individual investors hold the bulk of it. It is the best store of value at this time.
right. old guard etc etc.
only doom if you expect to lose.