341–350 of 402 posts
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What does the “monied class” have to do with anything? Are you suggesting that regular voters would opt against transparency and for privacy? I sure wouldn’t
You are one person and you weren’t asked to vote on it. So yes, the monied classes decided for you.
I’m amazed by how short sighted most of the comments here are. When it comes to large financial operations, society has clearly chosen transparency over privacy. Cause guess what, tax evasion, money laundering, political fixing, terrorism financing are things that exist and really are hurtful to our economies. Stop fantasizing that the government cares about the shit you buy. This is not about you. And Bitcoin’s anon…
Short newsflash:
People can - and do - pay for goods and services in cash.
Sometimes these transactions aren't declared.
If you insist on a written record of your transaction, sometimes the price goes up :)
None of these things are new, they've been going on since very shortly after taxation was invented!
I’m amazed by how short sighted most of the comments here are. When it comes to large financial operations, society has clearly chosen transparency over privacy. Cause guess what, tax evasion, money laundering, political fixing, terrorism financing are things that exist and really are hurtful to our economies. Stop fantasizing that the government cares about the shit you buy. This is not about you. And Bitcoin’s anon…
While I do think there's a case to be made that it's none of the government's business how many times per week I visit Starbucks, my main concern is big tech companies, banks and insurance companies collecting this information about me, and using it to build a profile based on which they place me into different groups or more or less privilege, offer me different deals, or otherwise manipulate me and my behavior.
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you didn't address `"Q"-like LARPer/fraudster figure`
The information is out there for people to make up their own mind. But if you are confident that CSW is larping as Satoshi, let's have some fun and make it a bet.
Also
>The information is out there for people to make up their own mind.
if this is intended to counter claims of being part of a QAnon-like cult...
I’m amazed by how short sighted most of the comments here are. When it comes to large financial operations, society has clearly chosen transparency over privacy. Cause guess what, tax evasion, money laundering, political fixing, terrorism financing are things that exist and really are hurtful to our economies. Stop fantasizing that the government cares about the shit you buy. This is not about you. And Bitcoin’s anon…
No more than America has chosen the 1% over 99%; or white lives over black.
The gov says "laundering, terrorism" in the same way it says "terrorism, paedophiles" in other civil liberties cases.
Then explanation of why a government should tax its citizens is usually the fact that those citizens use that countries infrastructure to make money, so that country should take "it's" cut.
But many countries now want to tax CG on cyber currencies that has nothing to do with any of that countries infrastructure. Why should a system of value that exists entirely without the support of the EU require a payment to the EU?
> You can’t show up in a bank with a bucket load of $100 bills and open an anonymous bank account. Well you shouldn’t be able to with bitcoins either.
Why? bills are backed by the country and legal tender as a result - BTC isn't. Bank accounts, and banks themselves, are nationally regulated w/ consumer protections - BTC wallets aren't. How are these two things similar at all?
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Lots of promise and a lack of delivery from that project. They sunk tens of thousands of community dollars into i2p integration instead of simply using Tor. Multi-sig was totally impractical last time I looked. Can't comment on atomic-swaps though. If that works that would make it useful.
IMO i2p integration was the right choice. I2P actively encourages P2P traffic, while on Tor it would put a lot more load on the more centralized routing nodes. Also tens of thousands are practically nothing. The general fund currently holds more than 22 millions USD worth of monero.
It's easier to hide in the larger pool of users.
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> It is done by the likes of HSBC, Standard Chartered and other big banks. And, as it happens, because of the records, it has been discovered and everyone involved is traceable. The system works.
>and everyone involved is traceable. The system works. The system does not work. Everyone involved have been discovered by `rouges` like Assange that system holds in jail for either made-up or largely irrelevant accusations, out of the scope of their opus, full soviet style. Everyone knows the king is naked and just comedians and activists at large (or in jail) has courage to say something about it, which is pretty m…
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I would argue with "society has clearly chosen" statement. The governments are putting more and more strict regulations in place for last decades and they often don't care what the society thinks about those. There used to be a time not long ago when one could show up in bank with a bunch of cash and it would be of no issue. I don't think that terrorism was less important back then.
> The governments are putting more and more strict regulations in place for last decades and they often don't care what the society thinks about those. Society votes for these governments. I know, we all would prefer to argue that some shadow cabal decides what the government does and society has nothing to do with it, but at the end of the day it still stands: We vote for these people. We get the government we deser…
> We vote for these people. We get the government we deserve.
So, a poke in the eye, or a kick in the shin? Whatever you get, you deserve..
That's why the move to decentralized everything. This total control nonsense will eventually end and these dinosaur idiots will stuck with their own destructive ideas
I really, really want to believe this but I don't think I can. Over the past several years there has been an unquantifiable but subjectively enormous shift in the atmosphere of the cryptocurrency world. At one point it shifted from being about paranoid hackers and techies trying to create a way of doing transactions that was free from trusted third parties to being essentially a space for grifters to shill shitcoins…
Over time, most of the people shilling "coin go up" memes have lost interest in bitcoin and have moved to other coins, leaving space for this kind of thing to develop in bitcoin.
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The location is where the secret key is stored. Wallet data is distributed but wallet holders are not. In any case this kind of thing will be implemented by mandating it at the exchanges where crypto is converted to/from traditional currencies, making it impossible to actually use crypto (legally) without complying.
There are other systems to exchange fiat for crypto, including but not limited to in person transactions and peer to peer marketplaces.
They work for hobbyists messing around with crypto and people who want to buy small amounts of droogs on black/grey markets, but aren't going to allow crypto to be mass adopted.
P2P marketplaces can record an exchange, sure, but how do you actually send or receive large volumes of Euros, Pounds Sterling, or Dollars without casting a "summon police" spell?