Title: Crypto: The End of Freedom! Source:
[None] URL Source:https://www.youtube.com/watch?v=1BfMFOd0-l0 Published:Dec 15, 2017 Author:Snordster Post Date:2017-12-15 15:42:25 by Horse Keywords:None Views:518 Comments:8
I read/watch/listen very energetically to any arguments against bitcoin/crypto currency, but I have yet to hear an argument opposing cryptos that is compelling. This one is, to me, also not compelling.
Responding point by point is probably an exercise in futility. But I will ask that if crypto currency is not at least a better solution to what we have now, what is?
I'll also suggest that if cryptocurrency does continue to take deeper root in society world-wide, we're going to have as much choice about using it as we have a choice now about using the US dollar. That is, none. For good or ill, so long as it proves functional, cryptocurrency is going to be a reality.
I do maintain that blockchain based cryptocurrency is NOT a friend of the banks, and DOES have most all attributes required of a currency (the lone exception is intrinsic value, which fiat currency doesn't have either). I also maintain, which this video discounted, that further software developments and competition in the crypto market (competitors to bitcoin) can and will address security pitfalls that are realized.
I agree. If they can, they will. With the current system they take it by draining your bank account, civil asset forfeiture, lien on homes and so forth.
Or inflation.
With decentralized bitcoin/cryptocurrency, they can't do that. Well, they can lien your house but can't do any of the others.
Worse case it could be a cat n mouse game between the crypto developers and gov pirates. But the developers will ultimately win.