If that doesn't worry you...

Discussion in 'Crypto Assets' started by VicBee, Mar 9, 2022.

  1. TheDawn

    TheDawn

    All those metals that you mentioned are all tradable commodities which is exactly what crypto as a collective asset is. BTC is really not much different. Everybody is promoting it because everybody has invested in it and has got so much stakes in it. If you truly value BTC for it being a store of value, why don't you go for gold outright instead? At least it will give you some privacy and anonymity which you can't even get with BTC anymore.
     
    Last edited: Mar 10, 2022
    #21     Mar 10, 2022
  2. Wrong.

    If you tell them that their neighbor or any random government employee can now look at their bank account without a warrant, I suspect they'd run fast the other way.

    And given Dear Leader Trudeau's attempt to lock bank accounts, it does not behoove a smart person to put their savings at the whim of some bureaucrat.
     
    #22     Mar 10, 2022
    johnarb likes this.
  3. I like this analogy of it, I’m also in crypto for profits and don’t really follow the back story
     
    #23     Mar 10, 2022
  4. Will ordinary people be able to vote for those on the board of this supra-national, one-world government?

    If there is no vote, will this board (with unelected leaders) know & do what's best for the plebs?
    (who doesn't have a say & presumably, according to the elites, doesn't know any better)


     
    #24     Mar 10, 2022
    johnarb likes this.
  5. Not to sound defeatist, but I seriously doubt that I can do anything on my own. Therefore, I prefer to learn how to benefit from the system instead.
     
    #25     Mar 10, 2022
    johnarb likes this.
  6. VicBee

    VicBee

    I believe you're wrong on 2 counts:
    1. Government already knows what's in your bank account because they know where you work and how much your job pays. If you're American and living abroad, disclosure requirements are even more detailed, from FINCEN 114 by the taxpayer and bank triggers when transferring $10k or more. More precisely, every non currency purchase made is recorded in some ledger by some business, be it credit card company or app from phone. Any purchase close to or reaching $10k triggers a validation that the customer knows or not about. In fact, some banks implement % of account holding to trigger deposit/withdrawal warnings.
    2. The facts from above don't prevent the world to turn, people know and people don't care. Given the option of tighter scrutiny to catch bad actors versus government ability to snoop on your toilet paper purchases, most people will opt for more scrutiny. Only the bad actors will fight for their freedom to be or not to be bad actors.
     
    #26     Mar 10, 2022
  7. VicBee

    VicBee

    I think you're responding to my post...
    Ordinary people? No need to create a separate category to make a point; everyone is ordinary. Europe was created from the result of multiple elections by ordinary people and those ordinary people can also vote to exit. Its various decision making bodies are overseen by elected representatives. For that matter, even anti European nationalists have seats at the European government. So pitting so called ordinary people against elites stinks of nationalist propaganda. One person, one vote.. everyone is equal in the voting booth, except in America.

    Don't get me wrong, the management of European affairs isn't perfect. There is incompetence, abuse, misunderstandings and special interests to deal with. Some love to use Europe as the bogeyman while others idealize it and fail to hear alternative voices, but it's meeting its overarching goals of no intra European wars, free movement of goods and people, unifying monetary policies and codes to ensure equal treatment for all. Again, this construct is unique in the history of the world; it wasn't achieved by force or conquest, but by the will of the ballot box.
     
    Last edited: Mar 10, 2022
    #27     Mar 10, 2022
  8. Shit you're right.
     
    #28     Mar 10, 2022