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I so thing as the generations go on they might create something newer and better, we are only seeing cryptocurrency in phase 2 format
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ringo 2y ago

i think this is the notion that's currently held, especially by people who are doing the whole monero thing.

- it's absolutely a lovely thing to have privacy with your transactions

- the powers that currently be aren't satisfied with knowing how much you have, they want to be able to control what you spend it on, and how fast you spend it, too.

- they've been working on that for the last 20 years.

- how much of a mess is it going to be while they concurrently don't give up, (or do??),

- and what the final outcome will be, should be really interesting.

okay then.

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Discussion

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nobody 2y ago

The NSA is embedded in everything we buy, a thing commonly know around real computer geeks is all the spyware in every module we created, every raspberry pi is monitored by the NSA and NSA uses about 80% of tor network for something. We dont have privacy lol even if we buy stuff with cash they come out with new bills and take old bills out of circulation. There are components you could buy and build a pc yourself but they start around 5k a piece rn to make which an average person wont fork up just to be “anonymous” so it’s definitely an interesting mindset we have online, i know for a fact they monitor all roads in america, and theres about 4 IPV 6 drones constantly in surveillance of every state. They know who buys bitcoin which tech goes where so even “sovereignty” is nice its much an illusion. If they want you best believe they gonna find you.

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ringo 2y ago

yep. i fully agree. i've been a computer geek a long time. also most people don't realize that every single bit of internet traffic, tor included, all flows thorough DARPA pipe, and is holographically catalogued and stored. There isn't a single thing that happens online that isn't recorded, they don't have a record of.

those machines at the bank that "count" bills? also optical scanners. bills as you know have been serialized for a long long time. if you want, you can think of that as bitcoin 1.0 lol.

- yes all roads are monitored, they buried RFID readers and other tech like weight bearing sensors in them from the 80s and 90s onward.

there are satellites (which are terrestrial btw, ) pointed at everything.

if they wanted to know if you farted in the middle of a cornfield in Iowa, they could figure that out.

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nobody 2y ago

Thats why i look at thing more as a precursor, i try to see what build coin leads too, if you think about what you first said its almost a tool to push off the work on computers, energy, and custody aka full accountability on us. Which to me would make running things easier for them, if we are doing bulk work and they dont have to spend money and resources on it what does their money and research go to then. Its an interesting thing thats why i like bitcoin its almost like the zeitgeist they said would happen in the 90s. What makes me think more too is why all the others failed from the 80s on forward, was it lack of technology and resources or was it because those were the true models and what btc is was coordinated. I remember when btc was “illegal” then one day it wasnt when people like jack dorsey and these guys that started pushing it hard 10-14. I remember when it was only used on the dark web and then silk road and so on got shut down then main stream appeal really started happening.

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ringo 2y ago

:) brain has disengaged. will try to remember to write back to this tomorrow :)