... about to find out that crypto are a control system not a financial currency.
A control system? Like debt based fiat, and an infinity printer? Taxes extorted at gunpoint, like the IRS?
Yes, the bankers are getting their hands in Bitcoin, which isn't necessarily a good thing, but cryptos in themselves aren't a control system, at least decentralized permissionless ones.
Central Bank Digital Currencies (CBDC's) on the other hand...
I mean block chain in general. Bitcoin can and will be controlled. It is now. Ask the IRS. Hell, I'm not going to explain it to you, you explain to me how to use crypto for my small business which is what I'm trying to do.
1: Zero of my customers use it or know how to use it. Zero.
2: Nowhere is it usable for anything I need. Can't buy pig food with it. Can't buy ammo with it. I CAN buy silver with it.
So someone pays me 1K in BTC... Now I convert it into silver at JMB then sell the silver for paper locally taking a hit both times. So much for tax free! I have maybe $800 at the end if I'm lucky and it takes me a month to get it done.
What to do? EASY! Use a merchant account with a company that does all that for me. My customers pay with a card and I get crypto! Thing is they will report me to the IRS and I pay the feds instead of half a dozen middle men. The feds can effortlessly use software to determine if I made some mistake. I have to spend weeks/months doing tax form after tax form to maybe get something back.
Crypto is a control system. Yes even BTC. Even monero. It will be forced to operate through a. Middle man that will turn off people like me. No one will EVER go through the trouble to learn to use it and if they do the lack of anonymity makes it all pointless. The feds will simply use the features we love to turn it into a horrible control system.
Try to use it in the real world outside of the crypto community. See if you can. I haven't managed to even one single time. I started mining in 2011
I see where you're coming from now. The entire point of Bitcoin was to kill the middle man, true peer to peer, which you obviously know since you've been involved as long as you have.
But jews will be jews, it's what they do, insert themselves in the middle for profit and control. Extortion and monopolies.
Until the people have had enough and reject the current system, they'll keep doing it. But the majority of people haven't a clue how fucked the fake money system is. Only in places where things have completely gone to shit due to hyperinflation, have people really been forced to understand the value of peer to peer, decentralized and permissionless, such as places where Dash and BTC have been adopted over the past few years.
Kraken got a bank charter not long ago, it may help your situation once it's up and running.
https://blog.kraken.com/post/6241/kraken-wyoming-first-digital-asset-bank/
It doesn't eliminate the middle man, but it seems to be the lesser of available evils.
I have used crypto in the real world, numerous times, but it's always been hit or miss, and a pain in the ass to find what I want, at a reasonable price, and they accept crypto. So I see your point there as well.
But the bottom line is the old system of control and extortion has to go, they'll keep doing it as long as the people allow it.
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