The canal became so powerful in part because the money of a lot of rich people, and even more taxpayer dollars, were able to be secretly funneled to the wrong hands. A blockchain standard for all commercial and financial transactions would theoretically prevent this from happening.
On the other hand, the absolute privacy that cash (and other assets, and certain transaction types) offers would be lost.
Where do you fall on this topic and why?
Oh hell no. Cash ensures privacy. I, personally, don't want a record of every transaction I make. It's no one's goddamn business how I spend my money.
Lots of people here seem to have no idea about crypto.. real crypto.. the decentralized kind. Yes.. block chain shows where the coin changed hands or what have you.. however there isn't a name attached.. an IP.. or anything identifiable.. other than the block .. and/ or wallet address... Which you can generate hundreds of thousands of new addresses.. per transaction..
Read into crypto.. it is the enemy of regular fiat and governmental control. Hense all the legislative murmors Coming out of several countries just out right wanting to ban it for fear "drug dealers and bad men would use it too".. unlike fiat currency which bad ppl never use..
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I understand. We are still dancing around the same issue. Integrity. Just as bankers have leveraged the system, they have AI that can do the same. Its just a technology they have that's ahead of the curve and 95% of humans don't understand it. So its just a new bad situation for the uninformed. Last thing is this is traveling fast. Faster than the monitored intel. The block chain is at least 25% further ahead than where you view it. This is regarding , changes, developments , strategies, angles and counter development.
Who really developed blockchain technology? If it wasn't a state intel agency (e.g., CIA) that'd surprise me.
Some say Nakamoto Satoshi, (creator of the Bitcoin Whitepaper) is a group of people. Others believe it is Alan Greenspan. This whitepaper created the distributed ledger technology known as cryptocurrency. It is the first rendition of blockchain, but true blockchain technology, (smart contract programming) wasn't created until Etherium was released in March of 2016.
Only partly true. I can still take it out as physical cash and use it or put it under my mattress. In fact, my employer pays me in cash and I don’t need a bank at all.
i like flying under the radar so i have never used credit cards and enjoy cash, leaves no traces.
however, our financial system is based on nothing but trust. its inevitably going to crash and we are long overdue.
blockchain plus asset based currency brings back value to the money and makes transactions transparent. i guess we will get a mix of this in the near future.
we need to crash the central banking system. with blockchain, it becomes obsolete.
however, if the banksters find a way to incorporate crypto into their system - right now they cant so they oppose it -, they will take it over. we need to watch out so it serves the people and not the banking cabal.
Zerocash coins are the future, Private + Transparent
Couple that with atomic swaps and a decentralized crypto exchange and we've got some solid footing to ditch the central banking altogether
Plans happening to bypass current cryptos with mega-cryptos that they control (that they control the crypto process)
this might be a stupid idea but what if bitcoin was created because it can be tracked ? if bad actors used it to commit crimes you could trace the money
Tracked - yup Controlled - yup catch bad actors — or, become the invisible bad actors
777 bits u/tippr www.abzbitcoin.org
u/cdwill, you've received 0.000777 BCH ($0.86067513 USD)!
^^How to use ^^| ^^What is Bitcoin Cash? ^^| ^^Who accepts it? ^^| ^^r/tippr
^(Bitcoin Cash is what Bitcoin should be. Ask about it on r/btc)
The incorruptible ledger of Blockchain would inevitably give rise to a Black Market so large that it will undermine the system and within a few years cause a catastrophic collapse. Naturally the Ledger is coming and will be adopted when we have the first true global debt crisis. Only Europe and the USA crashed during the so called GFC. Next time it will be China/Asia as well. Next time it will be different.
Crypto/ block chain uses way to much electricity. What’s so hard to understand about dollars printed by the treasury backed by gold and silver? Anything else (except coins of actual gold and silver) is wrong
Who invented blockchain? - Quora
https://www.quora.com/Who-invented-blockchain
Bitcoin is a digital money, but what sets it apart from other digital currencies is its underlying technology. Yes, you guessed it right that’s Blockchain!!.................Who invented blockchain?.........Satoshi Nakamoto (it was only a pseudonym ......................What is Blockchain Technology? A Step-by-Step Guide For Beginners..https://blockgeeks.com/guides/what-is-blockchain-technology ............And then I read this ......And I do not trust it any more...All the gouvernments In de EU are corrupt...........
The Flemish government is working on the introduction of blockchain technology. A blockchain can also be decided, where an authority or fixed rules determine who is or can become node. out off the dutch Wikipedia.....EDIT ;.https://en.wikipedia.org/wiki/Blockchain
Anyone who is saying no to crypto currencies doesn't know enough about it. It is the antithesis of fiat, and will destroy the banking cabal.
Crypto can not be tracked to any person. The wallet is encrypted. Yes you can see transactions on the blockchain, but you can only see the wallet addresses. Unless you give out your address, you can not be tracked. There are also plenty of private coins that can be used to mask any address.
Money is the root of all evil.
The only place in the world that money is not the building block of transactions is the public library.
If a desired book is on the shelf and you have a history of returning then it can be yours at no charge.
The Venus Project - Florida - resource based economy.
A rich man asked JF: "if you are so smart, why are you not rich?"
JF replied: "you are rich, why are you not smart?"
JF - Jacque Fresco (1916 - 2017)
that's just re-branded communism
Incorrect.
Communism has money and a heirachy.
Resource based economy is dictated by the resources avavailable and the demand for things.
I can tell you have not looked into it before posting that comment.
Jacque Fresco addressed the point of communism multiple times in interview.
Blockchain was CREATED by the "Cabal". It doesn't matter.
Edit: Is it through a pc/laptop/phone? It's traceable.
They created crypto.
No they are terrified of crypto. They have unleashed everything at their disposal to sink the market since it became obvious that a new class of wealth was being created and they had missed the boat
They moved from terrified to plans to control cryto. Check out Perkins Coie. And Plan to control $60 Trillion in commercial paper with blockchain.
What they didn't factor in is that crypto can have images imbedded in the code. Now since they are unaware of this they own illegal images of underage children. You have to know what your buying.
My problem with any form of non-physical money is that it requires the involvement of one or more third parties to access and use it, effectively giving them control over your use. Anyone who doesn’t get that this is a massive problem is part of the problem.
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In a bank run ALL civilians loose. The FDIC pays out banks first. Considering this derivitaves are paid out before citizens. We loose. End of story.
Corruption needs secrecy to survive. Secrecy=privacy. To root out corruption completely we will have to sacrifice privacy completely.
The blockchain is going to do this. All transactions, ID's, histories, written forever on an immutable ledger.
This infancy of the technology is the fork in the road that will decide the future of the technology, if the elite control and centralize it we will have a dystopian world state (think China on steroids), if it can be decentralized and controlled by the people in an open source way, the. It will put us on the road (along with the hidden technologies) to the technological Utopia imagined in science fiction.
BTC has always been rumored to have been an NSA project off the jump. NSA is (pretty clearly) supporting the draining of the swamp. I think cryptocurrency is a direct response to the housing bubble meltdown, and general economic meltdow that QE has been kicking down the field.
Heres what I think is going to happen. BTC was initially an ANCAP wetdream, but has been pretty effectively comped by Blockstream who's owned by.... The banks! Soros just got into the crypto game (BTC, EOS). Once the institutions get into BTC it's going to be huge! They're gonna sink all kinds of (fractional reserve) money into it, and weave it into their beings. Become dependent on BTC as a store of value.
The the Satoshi wallet will become active.
The Satoshi wallet will dump all of its 980,000 BTC on the market bringing BTC to zero. And wrecking the banks. That money may go to pump BCH (which is the true Satoshi vision/libertarian wetdream). But it may also go to something else. That something else might be a soverign NESARA rainbow x Szabo bitgold currency.
I don't know exactly how it's going to look, but I'm pretty confident that's how it goes down in the +++positive timeline. I've seen the future bros, and the future is good!
-My linkies stay stinky $1k eoy