>>14265879

The central bankers want their own pseudo-crypto currency system. They do not want most of the public crypto systems.

The advantage that crypto has over gold and silver is that it can't be confiscated. If I have Monero, not only is it next to impossible for big data methods to figure out who has what amount, but it is impossible to forcibly seize the assets by forfeiture.

If I have a safe filled with silver or gold, the feds could serve a nonsense red flag warrant, cut open the safe, and conveniently have the assets liquidated and unrecoverable by time I get through with my "speedy and fair" trial that tosses the warrant.

Depending upon what crypto coin you hold, it does hold some intrinsic value. A service token, like ethereum (which I am not a big fan of, but whatever), have at a minimum the value of the service the token is exchanged for on the network - which is distributed and verified computing. For some businesses, that's pretty important.

In the case of monetary tokens, like Monero, the intrinsic value is a share of the sum total of the coins available for transactions. What that means in real terms is variable - but so is the price of rice in egypt.

Central banks like the fad of crypto currencies. They like the enthusiasm around investment into them. They like the illusion that all cryptocurrencies are impartial and can't be tampered with.

But even though bitcoin has open ledgers which can be tracked, any central bank adopting it would Mount Gox themselves in 3 years' time. There are also questions about who gets the keys to the kingdom. Bitcoin wasn't set up with the idea that a whole corporate system would be accessing accounts. No one can take back a bitcoin transaction once sent and if an employee has enough of the business, they can just send a few million dollars worth of crypto to random addresses and fuck everything up. There are a lot of things that even more advanced coins have not entirely solved.

>>14265918

I don't think you understand how most crypto currencies work. They cannot be confiscated without the private key. Now, if you use a password manager for it or have it written down on a post-it note… They might have a way of getting that private key. There are humint and some targetted surveillance ways they could get the key, but they have no way of getting your key without going through you. And there are quite a few means being developed to secure wallets and other such things to even further shield the private key.

Now, sure, they could crash the whole internet - but is every network provider in every region and district going to comply? While it would hard fork the networks and cause some interesting problems if the internet kill switch was used and isolated the crypto currency nodes, but they would still function for transactions even if you were to physically cross into an isolated network. If I traveled to Florida and they were on a network branch that got isolated, I could still use my crypto wallet and funds … There would just be the standard issues which arise from a network fork - but these would be minor issues in comparison to the destruction of the broader internet and everything reliant on global connectivity and "cloud" computing.

>>14265924

Eh, I try to tell them that, too. But I am told I am unreasonable and there is nothing that anyone can do.

Frankly, it is hard to argue with the fact that every abuse delivered onto them is just. It does not make the behavior of the elites acceptable or moral - but it is justice.

>>14265942

At what point did you expect a criminal regime to concern itself with following laws?

At what point did the laws represent your interests and rights?

Part of the problem, now, is that many of the laws make non-conformity and non-compliance criminal. The refusal to repeal bad laws and general assumption that courts and the system would remain reasonable in their exercise of power has allowed for authoritarian laws to not only be passed, but upheld in the supreme court as Constitutional.

>>14265956

One would think criminals never existed before the internet and fiat currency.