So, you've described the problem.

What is the solution?

Thats a bingo

I'm pointing how the flaw with his logic, not propping up crypto in anyway... the mental webs some people create...

Absolute truth. The people who dont like what youve said, are probably the same kikes im putting on a list for being anti american subversive kikes. They tend to be popular people around here inserting their retarded and manipulative asinine opinions in an attempt to use their unearned popularity to influence people.

ya banks are the best, go give your money to the jew bankers

Neither will your credit card nor an atm, so i hope you have mountains of cash or gold you stupid fucking faggot.

Crypto is anonymous. What will stop them from taking away all your crypto?

Fud

Lol you have misrepresented Crypto majority.
I honestly can’t tell if you are a shill or just ignorant.

If we use crypto then the control systems put in place will fail.
OP seems to be pushing elitist agenda.

You know there's a lot more cryptocoins out ther besides BTC, and many of them aren't meant to be used as "currency".

I've thought this before, but I doubt it. Bitcoin solved a real problem: it makes digital money actually possible. It's not anonymous, but Monero is. Truly anonymous crypto is possible, and in use today.

I can't know how knowledgable you are of cryptography. I will say that you're right to question everything, including security. However, cryptography is not a secret magic that you can't understand. Regardless, it's not the cryptography behind Bitcoin that anonymises users. It's the names, addresses, IP addresses, etc. like you point out. These are criticisms of the global internet backbone systen, and the encryption used to secure that data...Not cryptocurrency.

Hoard gold. Hoard ammo. Hoard Monero.

Crypto is the future, get over it. Better than the system we have, and can be anonymized. You can adopt the government's systems, that they fully control, or crypto, which no one controls. There are ways to prevent being identified also, ising whirlpool, etc. They are unable to trace btc that passes through several coinmix services.

Exactly, what ever happened with that $800 billion data processing center obama built in Utah? It’s recording everything.

Crypto is truly worthless. The supporters say, it has value because it is unique, wrong. What’s stopping someone from creating an identical crypto to bitcoin, then calling it bitcoin 2? What’s stopping that from happening an infinite number of times making every version, and bitcoin, worthless? Nothing. Why the fuck are the bitcoin transaction fees so high, and why is it almost impossible to transact bitcoin anonymously?

You’re spot on, it’s a gateway to a fed crypto.

Compared to what? It’s not perfect, but it’s better than the USD system. It’s better than gold. So what are you comparing it to?

That they don't have the ability to decrypt in realtime what THEY wrote the encryption algorithms for? You think encryption really matters if they're the ones you're trying to hide from?

Well, good news: if they can decrypt everything it's not hurting anything to encrypt everything anyway. At least they have to use resources to decrypt stuff before analyzing it instead of having direct access to the plaintext.

Powerful forces might be able to command lots of hashrate, but so can other powerful forces like China or Russia. No other system offers that kind of balance.

Compared to what? When the electricity goes out, most forms of USD payment also go out.

could easily create a way to exchange crypto off the grid using cell phones and direct links. will have solar chargers etc. jews control it all right now lets at least attempt to break free of the middle man kikes!

every science fiction book ive ever read has something like crypto used in the future. it at least removes the middle man and takes absolute control of money out of the jews hands! whats our next option carry giant sacks of silver and gold?

Plus, when shtf and the power goes out, it's worthless

In 2016 crypto jumped in price over some regulatory hurdles that were removed. Reading about that the day after I decided to toss in some pocket change and play a little with crypto. I tripled my initial investment and then pulled out my profits leaving my initial investment in the game.

It was during this time that I tried to use crypt to buy things. Here's what I ran into: Because of the increased demand at the time the payment processors were overloaded with the traffic. Transactions would take up to a week to process and the transaction fees were approaching €10 per transaction. So, if I wanted to buy a soda I would pay €1.40 in crypt, the vendor would have to wait a week to receive payment and then I'd have to pay €10 for the transaction on top of the €1.40. To add insult to injury the payment processors would immediately take your your payment, hold onto it for that week and it if went up 10% would keep the profit for themselves.

The fall out from this was that many merchants stopped accepting crypto. Many users stopped using it.

What I have come away with from that experience is that crypto is a scam. It was touted to be a currency. Under the slightest duress it ceases to function as a currency. So, if it can't fulfill it's basic function as a currency then what is crypto? It's a scam, a ponzi scheme. Can you make money from it? Sure. You absolutely can if you are able to time the obvious market manipulations correctly. Good luck with that though, because those market manipulations appear to have the involvement of government regulators worldwide giving hope one day by eliminating regulatory hurdles and putting up news ones weeks afterwards.

I am a crypto nerd. I agree 100% - what better way to tax your ass? to see every transaction on a public ledger.

All they need to do is to tie that address to you.

Learn something about currency and money sometime.

I don't understand the implicit assumption that all rich people are somehow working together against the lower classes. It's true that big players have way more impact on prices, but why would you assume these people aren't just as scared or more of losing all of their wealth/ability to spend it? Modern leftism attacks whatever it can, it does not leave you be just because you are rich, unless you are putting that money towards your safety either literally or by virtue signaling. You dont really think Bezos believes all the shit the Washington Post puts out do you? He simply does it to keep the faggots off his back.

If the lights go out, wealth would be the least of your concerns.

it is no secret that blockchain tech is being developed for all kinds of applications

I read about it in the early days before the actual wallets appeared. I mined quite a bit, but never did anything with it. It all seemed so fake when I read about the theft couple years later. Then silk road went down. Seems a bust.

What a load of shit. Sure if they put enough time into trying to figure out some guys crypto funds they could with time figure it out. Monero was designed specifically for this. When the authorities busted silk road and other similar sites they accounted for all the cryptos less monero. The only alternative in precious metals and that obviously has its limits.

Ugh fucking batteries, pedal a bike whatever.

Crap. Bitcoin was simply the ingenious combination of cryptographic methods researched and created over the prior 30 years. It didn't happen suddenly at all. It had been attempted a decade prior and theorised long before that.

At its core its deflationary money that has no barrier to entry and can be used as an in between for a straight P2P transfer of wealth for whatever reason. Pretty big step up from what we have today.

You're seeing the downside of it being private. It could totally end corruption. With bitcoin (SV) trust rules. It changes the game. If someone cheats, all know, it's easily provable, reputation ruined.

Lol, this right here. Allow me to chuck a few pulses around the right spots and let's see how valuavke your precious bitcoin is when it disappears.

DARPA funded bitcoin, Govt pitched in to fund the PGP encryption ... Communicate via open regular networks as that is better ..just use code dumbshits.

You might like Monero or Zcash.

Sane, is that you? Did you finally come back the asylum?

There is ZCASH and Monero for anonymity. People should use them more. Especially ZCASH. It's more advanced than Monero.

I figured out years ago they created it, control it, manipulate it. That doesn't mean I can't make money off their ponzi scheme. Crypto is going to be huge whether you like it or not.

I always thought that Bitcoin was started by people like us to avoid jews and try to create a money system they can't control.

"They" is who? BTC mining is decentralized?