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Are members invested in Bitcoin/crypto?
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Observer
·I don’t see this as fiat vs crypto at all. There would be no competition in that regard anyway as fiat always fails. Every time, ever, and that’s why crypto was created.
Fiat will adapt to the blockchain. People arguing against it are no different than the people who thought anything over a 40MB hard drive was a waste of time, and the Internet was just a passing fad.
Fiat will adapt to the blockchain. People arguing against it are no different than the people who thought anything over a 40MB hard drive was a waste of time, and the Internet was just a passing fad.
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Observer
·Governments make laws. If there are no governments, corporations will do whatever they please. Even with laws they do things on a regular basis that are not good for people or the planet.
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Walrus
·I don’t see this as fiat vs crypto at all. There would be no competition in that regard anyway as fiat always fails. Every time, ever, and that’s why crypto was created.
Fiat will adapt to the blockchain. People arguing against it are no different than the people who thought anything over a 40MB hard drive was a waste of time, and the Internet was just a passing fad.
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Walrus
·That’s another aspect I find kind of amazing. Ya bitcoins market cap is impressive but the blockchain tech behind it which was given open source to the world by its creators probably has more value to it.
https://www.vscpa.com/sites/default/files/resources/Blockchain 2.0_0.pdf
https://www.vscpa.com/sites/default/files/resources/Blockchain 2.0_0.pdf
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321Only
·Democracy isn’t perfect by any means, but politicians still have to be elected.
Unless you are a shareholder, you won’t have a voice with a corporation...
You can always opt out of private services.
Opting out of the government fiat system and being free to move your wealth around the globe is the greatest net benefit of Bitcoin.
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Archer
··Omega Qualified WatchmakerYou can always opt out of private services.
Opting out of the government fiat system and being free to move your wealth around the globe is the greatest net benefit of Bitcoin.
Well, again, not following the conversation. The premise is that there are only corporations...
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321Only
·Well, again, not following the conversation. The premise is that there are only corporations...
My point is about having a choice and deciding to opt out which is a major difference in private vs public services.
That’s the voice you have in cooperations, even if you are no shareholder.
What’s your voice as a tax payer? Voting for corrupt politicians who promise change they cannot achieve without facing any consequences.
Bitcoin may be the most powerful opt out we have.
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Tony C.
··Ωf Jury memberOpting out of the government fiat system and being free to move your wealth around the globe is the greatest net benefit of Bitcoin
The problem with that argument is that major governments could crush Bitcoin, should they choose to do so. And why wouldn't they, if they felt that their fiat currencies were seriously threatened by it?
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Archer
··Omega Qualified WatchmakerMy point is about having a choice and deciding to opt out which is a major difference in private vs public services.
That’s the voice you have in cooperations, even if you are no shareholder.
What’s your voice as a tax payer? Voting for corrupt politicians who promise change they cannot achieve without facing any consequences.
Bitcoin may be the most powerful opt out we have.
I was responding to this:
“Imagine a world where currencies are not issued by central banks, they are issued by corporations like Amazon, or Google. Entire cities could be corporate and self-contained financially, where you shop at a Google Grocer and see a Google Doctor, paying with Google Bucks. All with Google ID. Without the G-bucks, and G-ID you are out of their system. It could be all about people aligning with corporations, not countries.
It may matter not that you are an American Citizen, or an Afghan one. It could matter that you are employed by Google, and have Google Bucks, for your Google city. (Or PayPal city, or Halliburton city, or even Walmart).”
To me, this would not be good in any way.
You are currently not able to “opt out” of much with Bitcoin. You are still subject to all the same laws as you were before, unless you are going to go “full whacko” and declare yourself a “Free Man on the Land” or something like this, and even then that typically doesn’t end well.
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Traveler
·Crypto is a cult - there is no point trying to argue with the true believers. And those spinning the ‘oh but the blockchain bit is the future’ don’t see the basic flaws in this dated technology. Imagine instead of using a filing cabinet, you wrote all of your data down on a huge toilet roll. Now try and use the data to solve any of the real world ‘problems’ the blockchain evangelists are touting.
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Spacefruit
··Prolific Speedmaster HoarderAnd if this is the future, I hope they fight to the death. The very last thing that I would want is my entire life controlled by a for profit company. That is the sort of dystopian future that sci-fi movies are about, and it won't be good for people or the planet.
True - I am not saying I support it, I am saying the path to it is easier than many think. And do not forget, as a Canadian, or British citizen (to cite only our examples) we see the choice as simple, stay with elected governments. But in some cultures, an offer of safety, healthcare, food and housing in exchange for loyalty to a corporation, that will be a step-up from what those people have today.
The problem with that argument is that major governments could crush Bitcoin, should they choose to do so. And why wouldn't they, if they felt that their fiat currencies were seriously threatened by it?
How?
I have tried to work it out myself - I see the only way is for a government to buy it all - might be hard to buy the last few, but it wouldnt matter if the owned most of it.
Can you suggest another way for a government, or governments, to "Crush Bitcoin" ?
Then once crushed, do they then move on to BTC replacements ?
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STANDY
··schizophrenic pizza orderer and watch collectorTrue - I am not saying I support it, I am saying the path to it is easier than many think. And do not forget, as a Canadian, or British citizen (to cite only our examples) we see the choice as simple, stay with elected governments. But in some cultures, an offer of safety, healthcare, food and housing in exchange for loyalty to a corporation, that will be a step-up from what those people have today.
How?
I have tried to work it out myself - I see the only way is for a government to buy it all - might be hard to buy the last few, but it wouldnt matter if the owned most of it.
Can you suggest another way for a government, or governments, to "Crush Bitcoin" ?
Then once crushed, do they then move on to BTC replacements ?
How many people in parliament in the UK does it take to pass a law.
Now how much does Bitcoin throw into the same amount of people’s parties via donations compared to the Banks and financial institutions.
The more ransom-ware disruptions requiring Bitcoin as a payment the closer it gets……
Blockchain will live on….currencies could be banned a lot easier than you think.
Worst is it doesn’t need to be the UK to ban it. Just 2 or 3 other countries ban it and watch it take a dip….
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Archer
··Omega Qualified WatchmakerTrue - I am not saying I support it, I am saying the path to it is easier than many think. And do not forget, as a Canadian, or British citizen (to cite only our examples) we see the choice as simple, stay with elected governments. But in some cultures, an offer of safety, healthcare, food and housing in exchange for loyalty to a corporation, that will be a step-up from what those people have today.
Thankfully you are right - we have a choice. This is why Sidewalk Labs (Google) failed in their bid to develop a large part of the waterfront in Toronto into a "smart city" with cameras everywhere, algorithms determining how traffic would flow, and a whole host of others things. The plan was eventually rejected, due to concerns over privacy, security and control of data, and "surveillance capitalism" where Googles algorithms would be used to "nudge" residents to make choices that favoured Google's bottom line.
Hopefully people wake up and realize that no matter what companies offer in the way of new technology, the bottom line is the only thing that is important to them. They will exploit anyone and anything they can to make a buck - history has proven this time and time again.
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Walrus
·Crypto is a cult - there is no point trying to argue with the true believers. And those spinning the ‘oh but the blockchain bit is the future’ don’t see the basic flaws in this dated technology. Imagine instead of using a filing cabinet, you wrote all of your data down on a huge toilet roll. Now try and use the data to solve any of the real world ‘problems’ the blockchain evangelists are touting.
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Tony C.
··Ωf Jury memberI have tried to work it out myself - I see the only way is for a government to buy it all - might be hard to buy the last few, but it wouldnt matter if the owned most of it.
Can you suggest another way for a government, or governments, to "Crush Bitcoin" ?
Very simple: usurious taxes on any profits, and forcing the big players to refuse to accept it based on terrorism and money laundering pretexts.
No major government will likely ever accept payment for taxes in Bitcoin, and when they - probably in consort - move to crush it, I would think that it would be very effective.
Edited:
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Walrus
·Very simple: usurious taxes on any profits, and forcing the big players to refuse to accept it based on terrorism and money laundering pretexts.
No major government will likely ever accept payment for taxes in Bitcoin, and when they - probably in consort - move to crush it, I would think that it would be very effective.
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eugeneandresson
·‘capitalism vs communism’ perhaps…