I'm not justifying the practice in the case of the Ottawa protestors, just contributing my opinion on the technical side of things. The FBI seems to have figured out how to do it.
all i know is if the left supports these tactics, simply because they view the protests as "right wing", then when trump is in power again, and BLM feels like protesting, there's only one other option to escalate crack downs on protests.
Ohyeah. That's going to happen.
then mine Ethereum! Or dogecoin!
Or just as funny when the whole thing collapses like the pyramid scheme it is.
Stop comparing BTC to a currency. BTC is not a currency and is literally incapable of becoming one. The transaction rate limit per second can't even theoretically get past two-digits. Visa alone handles thousands.
I'm really not. I have other issues with BTC/memecoin bros. Direct your posts to the crypto bros on the forum maybe.
I'm strongly suspecting that Cryptocurrencies are immune to inflation, and might even be a good hedge against inflation.
Wow you think it's impossible to buy things? You don't believe commerce exists?
It's not a solvable problem, no. You promote crypto all the time yet you seem uneducated on the technical details. BTC cannot fix this without a hard fork, immediately invalidating all existing coins. This is inherent to the security implementations you crow about so much. Weird that you weren't aware of this.
There aren't tax benefits to cryptocurrencies, just tax evasion. If your boss pays you in BTC you are still obligated to pay taxes on the income. Sorry, but you don't get to just decide the law doesn't apply to you.
If it can't scale up to any significant general use, it's not a currency. It's a toy. You might as well trade Pokemon cards.
'a newer reserve currency'.
"disappear people" might be just what some in this very forum want the government to do, based on some of what they have posted.
then mine Ethereum! Or dogecoin!
hell, there are still people in china who take crypto. you can "ban" it, but it's lack of personal data, algorithms, and ease of use, make it impractical for any government to ban it, short of just threatening to "disappear people" who are caught using it.
Crypto will succeed because it's the purist form of money around - energy spent to unlock information over time. The amount available has limited supply as well. Once it's all mined, that's like saying there's no more gold in the world to get. People argue gold has real utility at least, but that doesn't account for the overwhelming majority of its value in jewelry as a display of wealth from how shiny it is which is literally a reflection of light AKA pure information displayed as energy in an instant of time.You truly believe that there will be a mass adoption of crypto? 50k one day, 35k a week later, per coin? No state backing?
Do you actually think something like bitcoin is going to become a reserve currency?
At most, it'll frustrate law enforcement and provide citizens an easier route to buying quasi-legal stuff ("research chemicals" you're allowed to possess but not use, but you guessed it, people buy to use) or fully legal stuff the government is fighting anyway (kratom). But it also helps genuine big time criminal organizations...
Which isn't necessarily a reason for ordinary users to not ever touch it, but between the instability, the lack of state backing, and what it's actually better at than traditional currency, it's never going to conquer state-backed. Then again, I look on most of B-L Libertarianism as a counterfactual pipe dream.
Big-L Libertarianism: It'd work if people were awesome, but people suck all the available ass.
People will do it anyway since they can't be traced. 90% of all Bitcoin has already been mined btw. The mining phase is almost complete. Tracing energy expenditure to server rooms won't matter for much longer.
Crypto currencies are like going back to the gold standard, i.e. there is a fixed amount of the resource against which the value of products and services are measured and traded.
Yes, there's no inherent limitation to how many seashells that can be traded globally, per second. There's no scenario in which I have to wait an entire day to hand you a seashell.
They very much can be inflated to be made worthless.