WelcomeUser Guide
ToSPrivacyCanary
DonateBugsLicense

©2024 Poal.co

850

(post is archived)

[–] 0 pt

My position is not that the technology is perfect, but that digital currency transactions will be very difficult to block, monitor, censor and tax. It's not going to be superior to cash transactions for anonymity, but the world economy has evolved past the point where cash transactions are practical. By all metrics I can see, even if there is concentration of mining power for certain coins in large scale operations and pools, crypto currency is superior to using the current banking system and government fiat money precisely because they have much less control.

They can't block a transaction or freeze an account, they don't intrinsically know which account belongs to who, and they can't inflate away it's value.

[–] 0 pt

With limited block size, the majority of transactions will utilize second layer or 3rd party solutions. This was done intentionally with Bitcoin by reducing the block size to 1mb. Blockchain transactions will mostly consist of clearing transactions for larger entities. This will make it easier to monitor and block certain individuals.

Reducing purchasing power is a roundabout way to "tax" your wealth. You may have heard of Satoshi Nakamoto ("creator" of BTC) mining over 1 million coins. People are naive in believing these coins are lost. These along with other millions of coins held by (((them))) will be used to inflate supply and give themselves tremendous wealth. With Bitcoin, once something happens to your coins, it is impossible to get them back. Certain individuals of interest will become targeted with hacks, etc to steal wealth. With today's banking, funds are secured and insured by banks.

I can't really say 100% what is to come, but I know it's not going to be good for you or me. This has been planned for decades.