The day internet goes down will be the end of globalism, no more surveillance, no more digital oppression, everyone is free once anarchy erupts. It's someone interesting to see how people use this argument against crypto, which would be the last digital system to be affected by outages.
But completely ignoring the fact that nothing would work without internet connectivity, entire big box store chains can go down and force to close just because of a local outage or a server crash in another country these days.
Why are people ignorant to the dangers of centralization, but over worried about the very unlikely scenario of a worldwide outage, alien attack, solar storms, nuclear war etc. all happening at the same time which is the only way worldwide decentralized networks could go down?
You gotta be naive if you think anything will work without internet today :-)
Alright, I know what you're gonna say, you personally live off grid and can survive without internet, maybe you personally have thought of everything. But what about the lefties and libtards in nearby cities?
Once internet goes down chaos will erupt in hours, and it won't take long before a herd of zombies come walking towards your farm looking to burn, loot and murder. Have you thought of that? are you prepared for that?
See internet and power grids are partially decentralized across the world, it's very unlikely that the whole world lose power and internet connectivity at the same time and permanently, if that happened nothing would matter anyway. But say it's only your state or country that is affected.
Then perhaps it's a good idea if you could bring your wealth easily, securely, and travel light, while escaping the zombie apocalypse that was once a major city close to where you used to live.
Don't be fooled by the leftist "fact check" mentality, it works both ways you know. That's how they can have controlled opposition, and control sheep allover the political spectra.
Do your own research, and don't trust anyone. That's the key here. Let me ask you this, how do you buy a car? are you blindly trusting the used car salesman, that goes something like "muuhh powerful engine, great gas milage REEE, iT hOlDs tHiS mAnY bAgS oF gRoCeRiEs and it has a color you like". Or are you actually looking up the specs, know what it means and closely inspect the car before you buy it?
See most people would use blind trust, and that's why they get fucked. Do your own research.
Technically the same I guess, you just have to refill it regularly ;-)
But debit cards doesn't necessary need to be linked to a bank either. Today you can have a crypto debit card and pay with say Cardano. It's like what people back in the old days would refer to as a bank of their dreams, i.e savings account with +5% interest, you're in full control, full privacy, and "backed by gold"* as in Cardano is market valued, just like gold so you won't suffer from permanent inflation, value can both go up and down, but generally goes up over time.
If they wanted or needed tracking, they would use this method. But they really won't need it because when you go to the grocery store and pay with cash in order to be anonymous, the stores cameras will track you everywhere you go, then you show your member card to save $0.16 on that $100 purchase which basically connects your identity to the transaction.
Simply put people are stupid, and no matter how anonymous or privacy oriented a medium of exchange is designed to be, it means nothing if you don't protect yourself from all the other surveillance mechanisms.
Deflation would be an issue in trading if you cannot easily divide the money into smaller pieces. Crypto solve this problem by supporting up to 100 zeroes after the decimal point. When the fiat scam was legalized one of the main selling points was inflation too, which also technically solve the problem of division. But anyone who isn't retarded should prefer a solution that works without fucking everyone over.
"Backed by" means that you have to trust someone that could rip you of at any second, to not rip you of. The whole idea is retarded, own the real assets yourself.
Who could have thought, it's the government tyranny killing people, not the virus.
You may be onto something, but it's really hard to tell even from the inside. Any resistance is censored on the major platforms but it does exist locally everywhere. Not even joking, everywhere I go, every rural farmers market, every church, random people I talk to, everyone hates the government for fucking the people over.
It's like a boiling pan full of 99C water and full heat underneath. Only a question of time before the lid comes off and socialists are executed in the streets.
government: you haven't paid your crypto taxes
hippie: I only used it to buy weed officer
government: that's drugs and it's illegal, how dare you!
hippie: well, what are you gonna do about it? put me if a free housing facility with free food for a limited time...
government: yes
As if fiat isn't doing a good enough job already, USD is down 30% since Biden stole the election.
It'll only work until a demonrat cheat their way in again and disconnects the gold.
Micro-brain and carefulness, that's a survival instinct. After all it takes a big brain to understand the math behind blockchains and cryptocurrency. Once you understand it, you'll be able to mathematically verify how it works, and see where the value comes from.
Simply put, the properties are the same as for gold, which is why it's also called digital gold.
Yea, you don't seem to know much about the digital world, get some gold at least to avoid getting fucked over. Stay safe.
Raw material, yea there's a pretty good point. You know a computer right, that's also made out of raw material, including some gold. Yes I know, one computer is pretty vulnerable compared to a gold bar, but what if we had 1000 computers, or 10 000 computers, all holding a full copy of the blockchain?
Gold is far better than fiat, but you still cannot back it up, you can't hide it easily if you have large volumes, you can't cross a border without getting it confiscated. You can't buy cheap stuff easily once gold becomes highly valuated. All that is possible with crypto.
So what's really important? The fact that an asset is "physical", you got this idea that you must hold it in your hand, touch it regularly? Or any other reason?
Rhetorical question to show how retarded the "backed by" argument is.
By this logic gold would be just as bad. Where was the push back against gold? what is gold backed by? If Bitcoin is centralized because of it's mining requiring expensive investments then why isn't gold?
See this is the mentality that fooled people into basically giving away their valuable gold in exchange for worthless fiat. Fiat will crash once the depopulation starts for real, it's designed to only work during constant growth but has no mechanism to handle mass deaths. Cash will fall with it too because it's the same scam, just a paper version.
They will make their own digital currency, probably running on a blockchain, why shouldn't they? it's the best technology available for the purpose. It'll have mas surveillance, expiry time, centralized key management and other crap, but hey at least it scales and fees are low, because of centralization (government does all validation/mining).
This is how they trick you into it, convenience. Do your research or risk getting fucked over. What sense does it make for them to reinvent digital currency (technology they already have) but in the shape of wealth that cannot be censored, surveilled or confiscated. That's the last thing they want. And this only because they need better back-end technology? Nah, that's just stupid, if it was "training" they would have developed and tested the system secretly and never released it as open source.
If the government has any involvement at all it's more like TOR, you know the anonymity network created by NSA, but still is proven safe to use.
They have pretty high card processing fees too, crypto would be the cheapest digital alternative if it wasn't for all the retarded taxes, which technically also applies to bartering but nobody is stupid enough to pay.
They have every chance in the world to create something that would actually benefit them, and allow them to continue to rip of the world. So why would they, invent crypto, which ain't even a complicated system. It's in fact so simple that most programmers could throw it together.
Take China's social credit system for instance, now that's a more government likely "solution" to the dying fiat problem, a replacement that allow them to control not just your wealth but also you.
You don't think anyone know about their scams or have ever attempted to solve it? There's been plenty of attempts, all with a central point of failure because they tried gold backed, oil backed etc etc. All it took was to kill the central authority and the new government free currency died.
These are all problems that crypto has solved, and there really is no other way to solve those problems than what's already has been done, it seems shady because MSM tells you it is, or because they interfere in every way they can to make it look shady. All to scare people away from it so they can replace it with something of their own.
Social credit was always planned for 2030, crypto came in 2009 and took them with their pants down. Look at the source code, and actual functionality. Don't trust fake news media.
Any particular reason to think it's unlikely that a poor computer nerd who suddenly get super rich would take some of his new found wealth and buy something nice for himself, like a house, a fancy car and maybe a boat?
The deep state already have banks and plenty of other schemes to scam regular people of their hard earned wealth. Why would they need to waste valuable resources to reinvent what they already have?
Exactly, it's that "guilt by association" mentality which is often seen among lefties. See someone finds something like Dorkslys dreams about a decentralized twatter not dependent on AWS, M$ patent #060606 and associate it with cryptocurrency, hence cryptocurrency bad because some big tech company see how they can use it for their own benefits.
Same people don't realize that the government was early to embrace technology like cars or guns, because such technology is obviously superior, and useful to anyone. Imagine if someone sat here and argued against guns and cars, because "REEE government and big tech uses it".