$15/hr will be no problem once every large company converts its USD balance into BTC like Tesla and Microstrategy did. This is going to launch a lot of previously stationary cash into circulation, causing price inflation. Once people notice this, they will move their own stashes out of USD and hyperinflation will commence.
Bonus prophecy: Then comes bank failure, exhausting FDIC, converting remaining USD balances into worthless bank stock, USD deflation, an attempt to base USD on BTC, and laws forcing you to exchange BTC for BTC backed dollars.
Don’t you realize they want us to switch to Bitcoin? I keep seeing people talk about how great it is but what do you think happens when all currency is digital? “But much bitcoin is private” yea, until some new law is passed where the government is suddenly allowed to take it over and control it. No more private transactions, everything you buy or sell is recorded. Oh, now you can’t buy or sell unless you have a special government ID card. Oh, now it’s a chip implant. Oh, now you’re all our fucking slaves.
BTC is anything but private.
The blockchain is 100% completely public information. It has to be, by nature.
It would take nothing for a super computer to keep track of all the "anonymous" wallets, and link them to people.
You know what is actually anonymous? Fiat cash, silver, gold, bullets…
Exactly!!!!
But much bitcoin is private
Nope, never has been. The FBI made sure it was public and highly visible when they seized the Silkroad BTC accounts.
Supposedly, this is why BTC tumblers are created, but this requires a ton of confidence in someone you don't know.
I was not aware of this but I’m honestly not surprised at all. I don’t use bitcoin or any virtual currency for that matter, cash only.
(((they))) require privacy and obtuse accounting much more than us. Your concern is valid. It can be minimized through federation. Technology, transparency, networks, access to information and education is a much bigger boon to us. Blockchain has the potential to eliminate lawyers and much litigation. It makes fraud and lies difficult. It eliminates confusion. We can issue tokens within our own community, and settle accounts independently. When the big monster has become irrellevant, its power wanes even if it knows where we spend our tokens.
I don’t think you quite understand my point. If you are not able to buy and sell with physical currency, then you are fucked. The moment you do naughty things with your virtual currency is the moment your computer is suddenly tracked and confiscated by the FBI for whatever reason they make up. If you think your computer or device is “unhackable” then you are sadly mistaken. There are back doors to everything.
The blockchain that bitcoin is based on has a ledger of every single transaction since bitcoin was launched. Bitcoin and most cryptos altogether will always be decentralized, the only issue of government interference is regulation. Right now, people in the crypto community are getting worried about the US government (Federal Reserve) and the ECB (European Central Bank) regulating the top 4 cryptos - Bitcoin, Bitcoin Cash, Litecoin and Ethereum - Because once they are regulated, the prices will tank.
I can almost guarantee that big banks and companies (like Tesla) who have a huge stake in various cryptos, are lobbying hardcore to keep it unregulated so the values keep going up.
It’s only a matter of time before the government oversteps it’s bounds once again and nationalizes or regulates Cryptos. For every company fighting for its freedom there are 10 fighting against it, and so long as no one stops them they will do whatever they want, slowly eroding freedoms one by one until there is none left. The only reason Jews have so much power is because they control the supply of money, there’s no way in hell they will allow a decentralized currency.
This idea willfully ignores that quantum computers exists already that can hack the chain.
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