Privacy & Fungibility

[Kooka30]

Below is an article from Mises Institute - Have found that they always publish great articles.

I do like to read about " Crypto ", I don't now or never have owned or traded any Crypto.

After reading the article the 1'st thought that came to my mind was the saying " If voting mattered, they wouldn't let us do it ". I get a similar feeling now about Crypto. Now that it has evolved to the stage of Gov acceptance & even encouragement, is it actually what it was originally made out to be ?

From my take on the article it seems that Bitcoin is now Transparent & Traceable. Example of the Canadian truckers is chilling. It does seem that " Monero " is still an anonymous Crypto currency.

Privacy and Fungibility: The Forgotten Virtues of Sound Money | Mises Institute

Governments have so corrupted money that we forget that sound money, by providing both fungibility and privacy, has been a defense against overreaching

mises.org

 

[STKR]

Now that it has evolved to the stage of Gov acceptance & even encouragement, is it actually what it was originally made out to be ?

I would argue it's exactly what it was originally made out to be. All signs point to crypto being a creation of the government. Think about it. At any point they could've quashed Bitcoin at it's inception. Why on earth would The Powers That Be allow the rise of a new digital system they weren't in control of?

- Make a pure digital currency with its creators remaining anonymous
- turn it into a Casino where people can make large profits
- develop a cult following, appealing to the younger generations
- establishment infrastructure based on it's underlying technology that's funded/supported by private enterprise
- regulate and control
- create CBDCs utilising the same integrating tech

And here you have a world completely familiar with the idea of the blockchain, Crypto and CBDCs, ready to accept it when the right PROBLEM and REACTION comes along for it to be the SOLUTION.

 

[Steveno]

Also it's called Crypto.
Which organisations might have the most cryptography expertise, I would suggest agencies like NSA and GCHQ, although it is unlikely they would be involved in anything nefarious!

 

[Kooka30]

I would argue it's exactly what it was originally made out to be. All signs point to crypto being a creation of the government. Think about it. At any point they could've quashed Bitcoin at it's inception. Why on earth would The Powers That Be allow the rise of a new digital system they weren't in control of?

- Make a pure digital currency with its creators remaining anonymous
- turn it into a Casino where people can make large profits
- develop a cult following, appealing to the younger generations
- establishment infrastructure based on it's underlying technology that's funded/supported by private enterprise
- regulate and control
- create CBDCs utilising the same integrating tech

And here you have a world completely familiar with the idea of the blockchain, Crypto and CBDCs, ready to accept it when the right PROBLEM and REACTION comes along for it to be the SOLUTION.

STKR that is a fantastic & totally believable summary I have read that Bitcoin was a DARPA/CIA driven venture.

I'm not really into " Crypto " so haven't put much time into gathering more info, but am always are appreciative of anyone posting anything on Crypto.

I think ur question of " why on earth would the powers that be allow the rise of a new digital system they weren't in control of " is 100% spot on target. The main underlying issue with all that the " Powers " do/allow is - CONTROL !

 

[STKR]

Also it's called Crypto.
Which organisations might have the most cryptography expertise, I would suggest agencies like NSA and GCHQ, although it is unlikely they would be involved in anything nefarious!

I have read that Bitcoin was a DARPA/CIA driven venture.

I think there was once speculation that Alan Greenspan was involved. He is allegedly one of the "fiercest critics of Bitcoin", but I would be too if I were trying to cover my tracks. I just know it wouldn't be what it is today if it wasn't by design. It encountered almost no real resistance to get here.

 

[Kooka30]

I'm not into Crypto/Bitcoin but just saw the chart & it went thru $116,000 + USD

Does anyone have info/comment on what's pushing the price to all time High ?

 

[Kooka30]

I was having a bit of a look at Bitcoin. From a jump up to 123K in less than a week & then back to 116K in less than a week I wonder what the people that brought Bitcoin above $123K are feeling when it's at $116K ?

Yet I have seen/heard economic commentators saying not to invest in Gold/Silver as they are too Volatile

I seems that Gold ( Silver more selectively ) especially is NOT too Volatile for Central Banks, who have been purchasing ( Only what's Officially reported ) over 1,000 tons of Gold annually for the last 3 years & probably also more than 1,000 tons " Officially " this year as well.

maybe the Central Banks know something that their not telling to everyone else

 

[alor]

GOLD will always be a TIER 1 asset, since it can be used to pay off International indebtedness