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!!!!
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.
(((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.
Money is obviously how the rats have been controlling the world, we know that now. Once we don't depend on their money anymore, they are fucked. They will go evil even more but the horse has left the barn. I agree that there is back-doors etc. but those are only effective on an individual target, not on a population. Back doors and hacking on such a severe level is certainly possible, but cannot be applied en masse to a population.Tokens can be implemented in a way that only metadata is seen, and even that can be hashed. So the effort will become very exhausting for the gov/goons, and they need the web for their own shit, so they cannot shut it down. then there is always the physical barter/trade. Cash bills can be tracked too, very well actually. In the end, tech will be our friend, not (((theirs))). Federated means guerillero, which will topple the evil giant/slog. First goal should be that we detach, and become anonymous. If the original node is anonymous, it won't matter if it can be traced on the blockchain. But this is not an advantage to them, only to us.
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.
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