HODL til 2024 Crypto Bull Run

[Jibartik]

I figure betting on bitcoin is a safe bet because if we live in a world where bitcoin is not able to continue doing its mission, then we will be living in a dystopia where you'll either be dead or in a foodline unless youre in the top 150,000,000

[bubur]

your face when blockchain is used to create the most dystopian, traceable, and controlled currency system ever known:
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[Jibartik]

Originally Posted by bubur [You must be logged in to view images. Log in or Register.]

your face when blockchain is used to create the most dystopian, traceable, and controlled currency system ever known:
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[Castle2.0]

Originally Posted by bubur [You must be logged in to view images. Log in or Register.]

your face when blockchain is used to create the most dystopian, traceable, and controlled currency system ever known:
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For the record:

Most people are dumb and don't understand (insert buzzword here)

Like most plebs, you don't understand blockchain. It's just a data structure. It's just one of a few items that make Bitcoin powerful.

Anyone who wants total control of something won't use blockchain as a data structure. It's highly inefficient. Just use a database. Oh wait, we already do that. Websites, games, every digital provider, Visa, etc... they all use databases.

You're just describing government fiat and adding in the big bad scary word you don't understand: "blockchain."

Any CBDC that is created, will not use the blockchain data structure in any meaningful way. Period.

If they do and take on all the negatives of blockchain with none of the positives (from the view of a single centrally controlling entity,) they will just be a less efficient form of doing the exact same thing but using a database.

[Castle2.0]

Somewhat helpful graphic on when to use blockchain. Notice question #3.

Going down means continuing on the path of "Maybe use blockchain."

Going right means "Don't use blockchain."

[Jibartik]

Anyone who wants total control of something won't use blockchain as a data structure. It's highly inefficient. Just use a database. Oh wait, we already do that. Websites, games, every digital provider, Visa, etc... they all use databases.

The difference is I can take cash, and buy an army.

But you cannot withdraw bitcoin, and then exchange it, and have that bitcoin go anywhere ever, without knowing which wallet it went to.

So with bitcoin you can control every single penny of consumer spending, which you cannot do with fiat.

Weather you think the NSA crated bitcoin so that it could do that, is up to you.

[Gustoo]

But with "cash" they seem to take steps to move away from physical notes to remove that 1 singular advantage of regular fiat.

[Reiwa]

Originally Posted by Castle2.0 [You must be logged in to view images. Log in or Register.]

If they take all of blockchain will just be a less efficient form of doing the exact same thing but using a database.

QFT

[Jibartik]

Originally Posted by Gustoo [You must be logged in to view images. Log in or Register.]

But with "cash" they seem to take steps to move away from physical notes to remove that 1 singular advantage of regular fiat.

you'd have to not allow cash though, or anything non digital as an exchange of goods.

But Biden already pitched that when he said he was gonna sanction Putin and people who do business with him directly.

Like putin could exchange bitcoin for assets, but if he ever used that bitcoin anywhere they would know where he got them, and so they could punish those people that exchanged goods with him.

I guess he'd have to have an intermediary somehow to exchange goods but all the exchanges would be kept track of and if any investigative agency wanted to they'd likely be able to put everyone involved into the new world order gulags.

If gold and cash had no value then with bitcoin you could have the same benefits of both of them, with the added benefit of knowing where, who and, when every penny was exchanged by every person, around the world, without any infrastructure to do it.

[Castle2.0]

Heard that one too.

But you cannot withdraw bitcoin, and then exchange it, and have that bitcoin go anywhere ever, without knowing which wallet it went to.

Not entirely true:

Bitcoin is currently pseudo-anonymous, but privacy features have and are being added like 'taproot' (see: https://www.investopedia.com/bitcoin...pgrade-5210039)

More will be added in the future

Doesn't matter anyway:

• I can exchange BTC for FIRO, which is entirely anonymous. I can send and receive FIRO and there is no traceable link between the inputs and outputs of a transaction.
  
• There are DEX (Decentralized Exchanges) which don't record personal information that allow you to trade crypto-to-crypto: pancakeswap, sushiswap, etc.
  
• There are CEX (Centralized Exhanges) in various jurisdictions that also don't record personal information: kucoin, tradeogre (P99 preferred exchange?!)
  
• Tthere are simple swap services that also don't record personal information: SimpleSwap.io, Changelly, etc.
  
• There are person-to-person (OTC) ways to buy/sell Bitcoin with cash like LocalBitcoins.
  
• Oh, and there are "coin mixing" services that allow you to move crypto in obfuscated ways like: Tornado.cash

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Technology exists now and is already being used that breaks the link between inputs and outputs of transactions. This makes crypto work like cash.

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