The myth of anonymity is simply not tenable. Of course, the owner of a wallet is somewhat less obvious than the owner of a bank account. But anonymity only works in theory, virtually in a vacuum. As long as you only consider the cryptocurrency on its own. However, both when using it as a currency and when entering it, there is always a flow of something in return. A consideration that is not anonymous and therefore also reveals the parties involved in the cryptocurrency flow. I am convinced that state actors (and other actors with sufficient computing power) have a fairly complete "who's who" of crypto wallets at their disposal. And the flow of money between wallets is nowhere as public and easy to trace as in a blockchain. There is zero anonymity and that is probably the more likely reason why cryptocurrencies are not yet banned.
I only agree with the assessment that cryptocurrencies can currently be helpful in overcoming the iron curtains between the multipolar blocks. (And may yet be banned for this reason).
Yes, I fully agree with your assessment. As I mentioned, I didn't want to delve too deeply into the matter. What you've just described is not understandable to most people. And yet, one could delve even deeper...
Of course, there is no anonymity. Two years ago, a major scheme to transfer money between some U.S. Congress members and Ukraine was revealed—using the methods you described.
That is not the point, however. Anonymity is maintained differently; anyone using the scheme is committed to "maintaining" anonymity to keep the scheme running and the perception of anonymity intact. No one will interfere, for the sake of maintaining this perception.
Crypto depends on one thing only - electricity. No electricity no crypto and we are heading in that direction. The first victim of a new bigger war will be the electrical grid.
In theory, yes. And for crypto, maybe even in practice.
Even in bigger wars I doubt that NPP's will be attacked. Since it would result into instand nuclear retaliation and the end...
So, I agree that most of the power will be gone. And the leftover power will be used for military needs and the most needed civil institutions to keep the civilians alive.
Is crypto part of this prioritized distribution? I have no idea.
Nations without NPP's could face serious problems indeed :D
My two cents... Disclaimer: I envy the guys who bought bitcoins years ago... but... I believe most of the people on the edge and discussing the merit of crypto are all on the same themes and considerations.
I humbly suggest to read a piece of Macleod finance (i'm a paying subscriber) to remember better the needed qualities of money to understand why bitcoin will never be money.
Codes and secrets by Simon Singh (year 2000 more or less) could easily be the most expensive book I ever read, or maybe the one that will save me... verdict is still open...
My take is that Satoshi is NSA, and they have the first and only unstained 1 million bitcoins available, just to say...
Ok... Let's start... I am libertarian and You know I live in Mordor... I hate both reds and blacks because in my mind they are the two sides of the same coin... two gangs struggling for control. But dumb so they don't understand they are all but controlled and played by the same entities... Davos/WEF/...
These evil madmen are out for total control (Full spectrum dominance..), so I don't think they will voluntarily allow something outside their control... until they can.
Crypto as a proof of concept? Can be... maybe it was so, and used as a way to allow Chinese millionaires to send money to western countries/wall street bypassing currency controls, and don't forget drug trafficking laundering...
Follow the money, ever... I just ask myself how they could think to introduce CBDC's without taking in consideration the dark world... and the mega banks laundering profits? :)
But with a Damocle's sword on head ... AI, quantum computing... hidden backdoors maybe.
Up to when they can follow profiting from the Crypto world, they will allow it...
I fear it is a race to the bottom in all senses, for the fiat currencies and all that is related to fiat values...
Your take on JPY collapsing value? Two days after Blinken sh..show? A warning shot for CNY? What will happen between mercantilist countries?
I dream a world based on trust and liberty, but I think I am 140 years late.. and too old to enjoy it in my lifetime... this madness will go other 4-5 years before west collapse and capitulation to reality?
My suggestion when You are in doubt (most of my time... :) : I ask myself what Georgyi and Larry would prefer I do, and I do the exact 180... :)
But I'm only a dreamer...
Sir... if I may ask You to go down the rabbit hole... using the inverse psicology You told me... start studying Silver flows and stocks and USGS stats... and ask Yourself the same questions I asked myself... Something doesn't add up...
Between Crypto and Kryptonite... I prefer the latter...
Ich vermute, Sie sind deutsch? Möchten Sie andeuten, dass der Privatbesitz von Gold verboten ist oder wird?
You're right... it is not easy to leave. So, if you want to leave, you should definitely do it BEFORE events like those in Ukraine unfold in your state...
Well, e-Gold had the same problem as Liberty Reserve, being centralized it's easy to attack. Decentralized Bitcoin may do better until world government is upon us.
"Aleks told me to buy $100,000 of crypto currency!" 😁😁
How will crypto change with the soon to be introduced CBDCs? And, will these CBDCs be utilizing a block chain architecture? Speaking of which: I think a emerging utility for block chain will be mortgages. Talk about recreating an industry!
Post script: My apologies for missing your Q&A today. Work's interwebs blocked access to your live feed. 😔
That's the right question Kontanraju! What will happen with Crypto when CBDCs will be introduced.
Well, look. I talked with the Professor (Germany, he is an advisor to the goverment) right before the start of the SMO. And he was hinting, that at the time when the CBDCs will be established (not introduced) crypto could get regulated or banned.
Still, I think the circumstances changed dramatically in the meanwhile.
I still see the possiblity that Crypto will survive in its current shape a little longer than initially planned. We'll see.
The myth of anonymity is simply not tenable. Of course, the owner of a wallet is somewhat less obvious than the owner of a bank account. But anonymity only works in theory, virtually in a vacuum. As long as you only consider the cryptocurrency on its own. However, both when using it as a currency and when entering it, there is always a flow of something in return. A consideration that is not anonymous and therefore also reveals the parties involved in the cryptocurrency flow. I am convinced that state actors (and other actors with sufficient computing power) have a fairly complete "who's who" of crypto wallets at their disposal. And the flow of money between wallets is nowhere as public and easy to trace as in a blockchain. There is zero anonymity and that is probably the more likely reason why cryptocurrencies are not yet banned.
I only agree with the assessment that cryptocurrencies can currently be helpful in overcoming the iron curtains between the multipolar blocks. (And may yet be banned for this reason).
Yes, I fully agree with your assessment. As I mentioned, I didn't want to delve too deeply into the matter. What you've just described is not understandable to most people. And yet, one could delve even deeper...
Of course, there is no anonymity. Two years ago, a major scheme to transfer money between some U.S. Congress members and Ukraine was revealed—using the methods you described.
That is not the point, however. Anonymity is maintained differently; anyone using the scheme is committed to "maintaining" anonymity to keep the scheme running and the perception of anonymity intact. No one will interfere, for the sake of maintaining this perception.
SBF? the genius son of two woke professors??? :)
:)))) 👌
Crypto depends on one thing only - electricity. No electricity no crypto and we are heading in that direction. The first victim of a new bigger war will be the electrical grid.
In theory, yes. And for crypto, maybe even in practice.
Even in bigger wars I doubt that NPP's will be attacked. Since it would result into instand nuclear retaliation and the end...
So, I agree that most of the power will be gone. And the leftover power will be used for military needs and the most needed civil institutions to keep the civilians alive.
Is crypto part of this prioritized distribution? I have no idea.
Nations without NPP's could face serious problems indeed :D
If I may add my two cents... youtube: Marcos Landete and Joan Olaria
Check Yourself... :)
BTW... If anyone need it, I have a Stl model for a 1Kw modular DIY setup made of 7*21700*10 cells...
Thanks fot the article. I am very interested in further informations !
I'll try to write about it going forward when I have new tangible information.
Thanks for your feedback!
My two cents... Disclaimer: I envy the guys who bought bitcoins years ago... but... I believe most of the people on the edge and discussing the merit of crypto are all on the same themes and considerations.
I humbly suggest to read a piece of Macleod finance (i'm a paying subscriber) to remember better the needed qualities of money to understand why bitcoin will never be money.
Codes and secrets by Simon Singh (year 2000 more or less) could easily be the most expensive book I ever read, or maybe the one that will save me... verdict is still open...
My take is that Satoshi is NSA, and they have the first and only unstained 1 million bitcoins available, just to say...
Thanks for that insight Marco.
What do you think is the future of it?
Sir... Wish I know... really wish.
Ok... Let's start... I am libertarian and You know I live in Mordor... I hate both reds and blacks because in my mind they are the two sides of the same coin... two gangs struggling for control. But dumb so they don't understand they are all but controlled and played by the same entities... Davos/WEF/...
These evil madmen are out for total control (Full spectrum dominance..), so I don't think they will voluntarily allow something outside their control... until they can.
Crypto as a proof of concept? Can be... maybe it was so, and used as a way to allow Chinese millionaires to send money to western countries/wall street bypassing currency controls, and don't forget drug trafficking laundering...
Follow the money, ever... I just ask myself how they could think to introduce CBDC's without taking in consideration the dark world... and the mega banks laundering profits? :)
But with a Damocle's sword on head ... AI, quantum computing... hidden backdoors maybe.
Up to when they can follow profiting from the Crypto world, they will allow it...
I fear it is a race to the bottom in all senses, for the fiat currencies and all that is related to fiat values...
Your take on JPY collapsing value? Two days after Blinken sh..show? A warning shot for CNY? What will happen between mercantilist countries?
I dream a world based on trust and liberty, but I think I am 140 years late.. and too old to enjoy it in my lifetime... this madness will go other 4-5 years before west collapse and capitulation to reality?
My suggestion when You are in doubt (most of my time... :) : I ask myself what Georgyi and Larry would prefer I do, and I do the exact 180... :)
But I'm only a dreamer...
Sir... if I may ask You to go down the rabbit hole... using the inverse psicology You told me... start studying Silver flows and stocks and USGS stats... and ask Yourself the same questions I asked myself... Something doesn't add up...
Between Crypto and Kryptonite... I prefer the latter...
:)
Thank you for you answer, Marco. I enjoyed reading it!
I will certainly try to go deeper into that rabbit whole going forward :-)
Maybe something tangible will result from it? We will see.
Nevertheless, the most tangible assets... Gold and Silver :)
Thanks Sir.. A pleasure for me... and may the Force be with You... and the Farce be with them too!!!! :)
First, Grin coin is inflationary ( no fixed total amount ). Not all coins are designed like Bitcoin.
Well, the state has closed e-Gold, Liberty Reserve and private ownership of gold. ( Yes, gold. Look it up! )
It's not so easy to leave your state with with your physical gold.
E-Gold... I didn't know about it :-)
Still, it’s an interesting scheme.
Ich vermute, Sie sind deutsch? Möchten Sie andeuten, dass der Privatbesitz von Gold verboten ist oder wird?
You're right... it is not easy to leave. So, if you want to leave, you should definitely do it BEFORE events like those in Ukraine unfold in your state...
Well, e-Gold had the same problem as Liberty Reserve, being centralized it's easy to attack. Decentralized Bitcoin may do better until world government is upon us.
See https://de.wikipedia.org/wiki/Goldverbot for examples of gold restrictions. And yeah, I'm German.
If You have an idea of a Country beyond wef reach please share!
"Aleks told me to buy $100,000 of crypto currency!" 😁😁
How will crypto change with the soon to be introduced CBDCs? And, will these CBDCs be utilizing a block chain architecture? Speaking of which: I think a emerging utility for block chain will be mortgages. Talk about recreating an industry!
Post script: My apologies for missing your Q&A today. Work's interwebs blocked access to your live feed. 😔
Cheers from Lincoln!
😁😁 Behave :D :D :D
That's the right question Kontanraju! What will happen with Crypto when CBDCs will be introduced.
Well, look. I talked with the Professor (Germany, he is an advisor to the goverment) right before the start of the SMO. And he was hinting, that at the time when the CBDCs will be established (not introduced) crypto could get regulated or banned.
Still, I think the circumstances changed dramatically in the meanwhile.
I still see the possiblity that Crypto will survive in its current shape a little longer than initially planned. We'll see.