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Master Thread Dance Your Cares Away/Fraggle/Law Abiding Citizens

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Cincinattus91

Elite
Founder
Joined
Jan 8, 2021
Messages
1,764
This is the best explanation for crypto I've heard.

At the same time, his logic is flawed.

First of all, the game theory scenario he outlines, I may live through the first iteration of getting extorted. I won't make it to the second iteration as that leverage has now evaporated.

The idea of hedging using debt is not novel. That is essentially what Soros did in shorting the British pound. The necessary requirement is that there is someplace to convert that debt into an asset. In the crypto world, that is a race to zero. For instance, if every single currency/company/real estate asset is going to zero, at some point, there is no place to retrieve value on the debt converted to crypto. There has to be an outlet for value to be realized, not just held in a wallet. Otherwise that wallet experiences the same dynamic as the peso/dollar under hyperinflation.

Ultimately, his idea that there can be incorruptible software is flawed. The software is created by corrupt people, therefore, inherently prone to corruption.
I think you are right on crypto...a Trojan horse

Even if bitcoin isn't "hackable," centralized control of goods and services especially food, water, energy, housing is not solved by "decentralized" money

The ownership of the asset is already heavily centralized

I think Saylor already owns 1 or 2% of total circulation

Even if we presume his benevolence (he should be met with heavy scrutiny) he doesn't have an army and as you said, nothing is coercion proof

Zipping money across the world peer to peer is nice but that is an exaggerated upgrade. Its globalist at it core and we all know the antidote to globalism is localism

As I understand it, bitcoin is a creation of the highly capable technocrats, its not a cyber punk project....the exact opposite
 

MortgageHorn

Your Favorite Loan Officer
Founder
Joined
Dec 9, 2020
Messages
26,270
@MortgageHorn any tips for using pesos in Mexico? Should I get some from a bank locally before leaving? I assume most places take credit cards, correct?
If You Have a Credit Card That Doesn't Charge Exchange Fees Use That

Yes Get Pesos Here Better Exchange Rate

Can Use for Tipping Shopping Local Vendors

Take USD for "Party Favors" If That's Your Deal
 

22*43*51

Boob Enthusiast
Founder
Joined
Jan 7, 2021
Messages
20,232
You are missing the point, as is Saylor. That is my overall point.

The one cycle of information is simply what occurs to extract that "secure" password from one's brain.

There is no next cycle once that occurs as a keystroke software, voice recording, etc... will no longer keep that information anonymous.

And even the metadata (i.e. IP addresses, GPS location, etc..) around a crypto wallet, today, allows for an entity of any meaning sophistication to know exactly who owns whatever transaction path on the blockchain.
Cold storage would be the exception.

Unless your example includes the bad guy having the cold storage ledger too.
 

MortgageHorn

Your Favorite Loan Officer
Founder
Joined
Dec 9, 2020
Messages
26,270
FQqy71eUYAAUs48
 

Cletusnow

Made the run from Texarkana to Atlanta
Founder
Joined
Jan 8, 2021
Messages
3,612
I can’t speak for others, but before the BLM/Antifa riots as well as the COVID lockdowns I tended to side with law-enforcement around 1000-1. After watching cities all over the country getting burned, fascists looting, assaulting and murdering innocent people almost at will and the police standing by and doing little. Conversely, watching regular folks getting intimidated and harassed, Kicking mothers and children off of planes? Beating people down who just want their freedom? You’re damn right I have some concerns. If the law enforcement community doesn’t play along with their corrupt bosses, we don’t have issues. I’m willing to have a conversation with anyone in law enforcement regarding these concerns. It’s never the wrong time to do the right thing.
Not really a cop (singular) issue, it’s a police (plural) issue. The system and bureaucracy are to blame.
 

Viking

Legendary
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Dec 1, 2020
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