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987

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[–] 1 pt

The future is "decentralized" is a marketing ploy. Already now, the majority of mining power is in large scale operations and pools used for control. Small miners operate at losses or will be operating at losses in the near future. It is designed that way. Thats also the reason for the supply shock of halvings every 4 years. To squeeze small players out of the market.

Crypto mining already uses nearly 1% of global electricity. Think about that for a moment. We're not even at the point that we're using it yet and it's consuming that much power. Think about how world governments are pushing "global warming" and "clean energy". They want to control who has access to the energy needed to control the network.

Literally everything about crypto, with the exception of the current "deflationary" nature, which can be changed at any time with miner support, screams control. This coming from someone involved in crypto for nearly 10 years.

[–] 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.