Crypto does nothing against the banks should it be discovered it was part of their plan for a monetary system further removed from physical wealth than current fiat currency.
A monetary system using "credits", i.e. Star Trek, is still at risk of abuse.
Oh, I see you wrote something against the Great Leader. No bitcoin for you.
Oh, everyone else agrees with buying this product as the only way to stop the spread, but you do not. Your monthly allowance to consume product has been reduced. No 🐕 for you.
You’re right, and that’s what Binance and Tron are doing for China imo, but there’s no reason why we the people can’t actually choose to consent to an open source crypto financial system.
Centralization is the major risk, and has always been.
Open source cryptocurrency is peer-to-peer, just like torrent files but without centralized trackers. If they want to steal from you they need to physically visit you, and find your key which could be anywhere.
If you hide cash they know immediately that it's in your mattress or your books. Crypto on the other hand can be hidden anywhere, even in plain sight and they'll have no clue where to find it, they wouldn't even know you have any because it can't be tracked if used with caution.
At risk of seeming a doomer:
Crypto does nothing against the banks should it be discovered it was part of their plan for a monetary system further removed from physical wealth than current fiat currency.
A monetary system using "credits", i.e. Star Trek, is still at risk of abuse.
Oh, I see you wrote something against the Great Leader. No bitcoin for you.
Oh, everyone else agrees with buying this product as the only way to stop the spread, but you do not. Your monthly allowance to consume product has been reduced. No 🐕 for you.
You’re right, and that’s what Binance and Tron are doing for China imo, but there’s no reason why we the people can’t actually choose to consent to an open source crypto financial system.
Centralization is the major risk, and has always been.
Open source cryptocurrency is peer-to-peer, just like torrent files but without centralized trackers. If they want to steal from you they need to physically visit you, and find your key which could be anywhere.
If you hide cash they know immediately that it's in your mattress or your books. Crypto on the other hand can be hidden anywhere, even in plain sight and they'll have no clue where to find it, they wouldn't even know you have any because it can't be tracked if used with caution.