361–370 of 402 posts
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I can't speak for elsewhere, but giant cuts to the largest public expenses (healthcare, public education, social welfare) would just be political suicide here, all but guaranteed loss in the next election.
That’s one of the concerns of groups who prefer government to be no larger than necessary: the larger it is (around 15% of Americans are directly employed), the more self-inflating it tends to become.
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I can't speak for elsewhere, but giant cuts to the largest public expenses (healthcare, public education, social welfare) would just be political suicide here, all but guaranteed loss in the next election.
That’s one of the concerns of groups who prefer government to be no larger than necessary: the larger it is (around 15% of Americans are directly employed), the more self-inflating it tends to become.
I'm a pragmatist. The public sector seems the appropriate vehicle to deliver some things, and not for others.
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It will kill the speculative market. Their native use cases in their own systems will still be 100% viable. If someone uses for example bitcoin cash or miner as money as they're intended nobody can do a thing about it. For those people uninterested in off ramps this means little.
I use it as money as it's intended, to get paid for my work. The supermarket doesn't accept BTC, does that still make it 100% viable? You better believe I'm going to be paid in USD from now on.
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> location independent companies That’s not a real thing
How is it not? A DAO with with the right setup would require international collaboration to extradite all the members and coerce them to unlock their holdings
Could you turn a DAO into a company? Sure, if you incorporated it, but that requires a country to incorporate it in.
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…
Two: Crpyto-backed smart-contract stable coins (similar to DAI). (aka USD tokens without the need for the US financial on-off ramps).
Then watch this space skyrocket into the stratosphere.
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 do not really want to discourage this line of thinking, but please note the old fashioned golden rule ( he with the gold makes the rules ). Apart from that, check crypto trends and quickly you will notice that they are very few projects that care about it in any real way. Every major crypto now effectively all about centralization, not the opposite. For different reasons than the central banks, naturally. Still, th…
Don't focus on the short-term if you want to make serious money or learn a technology that will stick around.
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> This total control nonsense Also known as taxes. > these dinosaur idiots Taxman.
I think it's really funny to see all these people think that they can with crypto game the millennia old system of taxation. Of course any sovereign nation is eventually going to break down any kinds of tax fraud. A state unable to collect taxes ceases to be a sovereign state.
Complex taxation that hides where you paid taxes (ie: VAT) or where your taxes went (ie: infrastructure or old persons pension) is what's at risk here.
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> nobody wanted any more Tethers Can you provide a source on that? I certainly don’t want any Tethers but I know plenty of people that do.
The market is the source. Just look at the market cap chart here, you can see that it's been flat for the past few weeks (after a long period of exponential growth): https://coinmarketcap.com/currencies/tether/
I'm ok with this. Ideally private persons should have an allowance of around 5.000€ (or so) per month in privacy coin usage, where an invoice is the only traceable thing, and everything above that amount should be fully transparent to the authorities (IRS), and pseudoanonymously visible to the public, for journalists to be detectable. Buy a car? -> IRS can see it. Buy a home? -> IRS can see it. Buy a Smartphone? -> N…
IMO, I should be able to spend a zillion dollars on whatever I want, as long as I'm not buying people it's none of anyone's business. The way to make sure everyone pays taxes is to tax property, or sales, or do a value added tax. Want a progressive tax? Higher taxes on second properties, or luxury items. Now you don't have any reason to need to know what everyone in the world has or does with their money.
I'm ok with this. Ideally private persons should have an allowance of around 5.000€ (or so) per month in privacy coin usage, where an invoice is the only traceable thing, and everything above that amount should be fully transparent to the authorities (IRS), and pseudoanonymously visible to the public, for journalists to be detectable. Buy a car? -> IRS can see it. Buy a home? -> IRS can see it. Buy a Smartphone? -> N…
The issue with any 'cap' is that the batches just get sharded to be under that cap and you get the 'working from home' style mix of scam and money laundering. As the sibling links, the answer is anonymity for spenders, but not for recipients of money. This also, ideally, blocks moral panics and instead forces law enforcement to go after cash flow into 'bad activities' and actors.
If you're constantly maxing out your cap and buying normal stuff without that privacy-enabled money, it may well raise eyebrows in the IRS.
It's not a per-transaction cap, but a monthly allowance.