People can steal millions in cash if it wasn't in a bank, and it wouldn't be trackable.. Should we abolish money as well then? Point is, having the ability to track currency is portrait as a good thing, but that is a fallacy. All tracking any form of currency is for government control, and that's the only real purpose.Don’t agree. Crypto is highly speculative and needs regulation. Energy hog crypto needs to go.
While it didn’t happen in the US as of now I could easily imagine it happening here.
Simple summary:
Couple of young guys basically fresh out of teen tears walk off with 2.2 billion in crypto and guess what there is no way of tracking these coins. Investors lose all.
South African Brothers Disappear, Along With $2.2 Billion Worth Of Bitcoin
The founding brothers of cryptocurrency investment platform Africrypt are nowhere to be found and neither is $2.2 billion worth of their client’s bitcoin.www.forbes.com
Not to mention EVERY hack demands crypto payment.
People can steal millions in cash if it wasn't in a bank, and it wouldn't be trackable.. Should we abolish money as well then? Point is, having the ability to track currency is portrait as a good thing, but that is a fallacy. All tracking any form of currency is for government control, and that's the only real purpose.
Dude, blockchain will free the masses from the elites! it's simple.After this spiel, I'll give you a simple answer. This is opaque as shit to 99% of the human race. Do you want to use a form of exchange that nobody understands.
Can you explain just block chain in less than 100 words.
After this spiel, I'll give you a simple answer. This is opaque as shit to 99% of the human race. Do you want to use a form of exchange that nobody understands.
Can you explain just block chain in less than 100 words.
Point is banks have long established audit and accounting standards they must adhere to.
Crypto not so much imo.
What is the benefit of crypto to a normal guy like me? What will more crypto do to improve my life?
And this right here is the problem, and the coming downfall of our race. People expect to put no effort in to understand something new. This is part of why we have QAnon, anti-vaxxers, etc. Because it's easy to do nothing. It's easy to read the interesting click-bait on how Bitcoin was used to steal millions, etc.
No I cannot explain blockchain in less than 100 words. If that's what you need, then you deserve to stay poor and/or keep complaining about politics and other issues not going your way.
It's not about you right now. It's not about improving your life right this second. Though I'll take the bait anyway for right now: your crypto is not tied to your identity. So if your ID is flat out stolen, and some drains your banks, brokerages, etc... your crypto - assuming you are properly storing it on something like a hardware wallet, is safe. You can do this with physical gold too, but I'd rather have something that's liquid like crypto. Additionally physical gold can be stolen too... but a private key can be memorized.
Now since I answered your question I expect one in return: what is crypto doing that is hurting your life?
I saw Brian's tweet on Saturday and already sent my email to Jon Ossoff, who is my Congressman. But you're wasting your time trying to inform the people here. They are not rational people. They're more like pack of rabid dogs without the ability to learn or think. They are happy to be chained up wage slaves forever. They don't care about their freedom. They only care about more government handouts and more government control. It's ironic and sad they're supporting the very elites who are trying to keep them down. And people here are padding themselves on the back while doing it not even realizing the harm they're causing to themselves.
The smart people will figure out way around this roadblock. Too many smart people are devoting their lives to advancement of crypto to let this fully stop them.
The science and data behind blockchain are separate from blockchain's use as cryptocurrency.So how many of you are pro-vax because of science and data (that you most likely don't understand), but are anti-crypto because you don't understand the science and data behind it?
Oops - the hypocrisy.
The science and data behind blockchain are separate from blockchain's use as cryptocurrency.
That said, I'm actually on your side with regards to the Senate vote.
Money in bank accounts is insured in a way a crypto wallet is not. If someone steals your identity in many cases you can get your money back. If someone steals your crypto wallet you’re just screwed. It’s way worse for the average Joe.And this right here is the problem, and the coming downfall of our race. People expect to put no effort in to understand something new. This is part of why we have QAnon, anti-vaxxers, etc. Because it's easy to do nothing. It's easy to read the interesting click-bait on how Bitcoin was used to steal millions, etc. It's easy to hate, it's easy to bash. It's a form of release - I get it.
And no I cannot explain blockchain in less than 100 words. If that's what you need, then you deserve to stay poor and/or keep complaining about politics and other issues not going your way. Now could I explain to how to use one in less than 100 words? Sure.
It's not about you right now. It's not about improving your life right this very second. Though I'll take the bait anyway for right now: your crypto is not tied to your identity. So if your ID is flat out stolen, and some drains your banks, brokerages, etc... your crypto - assuming you are properly storing it on something like a hardware wallet, is safe. You can do this with physical gold too, but I'd rather have something that's liquid like crypto. Additionally physical gold can be stolen too... but a private key can be memorized. Is it the improvement you want or care about right now? Probably not, but for me it's worth having an ultimate failsafe.
Now since I answered your question I expect one in return: what is crypto doing that is hurting your life? Causing GPU shortages so you can't play the latest useless game at 200fps?
Da'hell it ain't.It's not about you right now. It's not about improving your life right this very second.
Lack of video cards really sucks particularly if like a friend of mine your card died
Ultimately my card will die
It's like nineteenth century banking never happened.It’s also weird to me that Bitcoin enthusiasts get excited by price increases. To me this indicates they view it as a speculative investment and not a currency because increases in price mean it’s undergoing a massive deflationary spiral, which is a catastrophe for any real currency.
That's a strawman. It is perfectly fine for someone to understand the science and not support certain applications of it. For example, a chemist not supporting chemical warfare.So how many of you are pro-vax because of science and data (that you most likely don't understand), but are anti-crypto because you don't understand the science and data behind it?
Oops - the hypocrisy.
Interesting that science communicators can break down complicated things like various quantum mechanical theories for the layperson, but GFY if you want a simple explanation of why you should care about blockchain tech, just support my legislation you fuckin' sheep!
Still waiting for you to provide a use case other than crime.Yes, I'm sure Miku Kaku can come explain String Theory or quantum theories in ~100 words and have it even be remotely close ot accurate.
:Sigh:
This is the only/last time I'm saying this: this isn't just about blockchain tech. I don't care if you don't like Bitcoin. I really don't. Understand this: it blocks freedom of innovation of technology within that space.
You should very much care about our politicians blocking innovation of any tech which is not inherently bad or evil. Do you really think this bill will stop all of the bad things like laundering or ransoms happening within the US? I guarantee those will keep happening and come from outside of ours borders. And then what? All of that bad stuff stays because when do criminals ever follow the law? And all the good that can come from this tech gets suppressed or moved overseas.
Yes, I'm sure Miku Kaku can come explain String Theory or quantum theories in ~100 words and have it even be remotely close ot accurate.
:Sigh:
This is the only/last time I'm saying this: this isn't just about blockchain tech. I don't care if you don't like Bitcoin. I really don't. Understand this: it blocks freedom of innovation of technology within that space.
You should very much care about our politicians blocking innovation of any tech which is not inherently bad or evil. Do you really think this bill will stop all of the bad things like laundering or ransoms happening within the US? I guarantee those will keep happening and come from outside of ours borders. And then what? All of that bad stuff stays because when do criminals ever follow the law? And all the good that can come from this tech gets suppressed or moved overseas.
To lose technology that makes information open and transparent while being completely trusted in that its not possible to tamper or change the ruleset (unless consensus agrees upon it) is a huge, huge loss. Literally every problem, scandal you read about in the news today comes from the following: breaking the rules, database compromises, not being transparent about what is being done and keeping things behind closed doors, deleting records, incomplete records, sources that can't be trusted, etc. Blockchain fixes ALL of these at once. Let me repeat that: ALL of these. That is why you should care. And that is how this tech will make the world a better and more fair place for everyone.
But if you ignore this, then don't ever complain about another politician or billionaire pulling any shady **** in the future when we "had" the tech foundations to to start changing all of that right now.
But hey don't listen me. I've only followed this tech since 2013 and am just a "speculator" according to many.
Still waiting for you to provide a use case other than crime.
But if you ignore this, then don't ever complain about another politician, billionaire, or Wall Street pulling any shady **** in the future when we "had" the tech foundations to to start changing all of that right now.
How did the two recent high school graduates run off with 2.2 billion with all these controls?
That’s fine, but if you can’t tell people why it’s useful then that makes my point for me.This is my final statement on the matter. I'm not here to convince to buy or use Bitcoin, or blockchain tech in general.