That's why they have lots of gold and so little bitcoin, and besides el salvador no state is buying
Discussion
Would they announce it? Why give validity to a system that removes your power
i didnt understand your question well here, but i will tell you why govs are not buying bitcoin, but only building the roads to people use it, and that's simply because it's too easy for them to steal bitcoin from you that they don't need to spend their hard money (gold) to buy bitcoin.
Indeed.
It's as easy as introducing AML, introducing KYC, tracking the chain, makeing up some wild money laundring claims - profit!
This tells all that we need to know - https://www.therage.co/bank-of-international-settlements-kyc-non-custodial-wallets/
There desired model is apparent. Tokenized paper bitcoin attached to your identity. Reduce bitcoin to a gambling token
This will happen, before the ''Bitcoin Standard'' starts
Yes probably. Enforecment in other contries will probably be far less though
This is not probably, is 100% sure, or you think they will push that reality before they are ready?
Man BIS controls the financial systems of all countried expect 3
Confiscation like Gold yes. 6102. I dont believed they will really be able to enforce this fully for those who dissent. "My kyc bitcoin was stolen in a hack"
they will steal from you when you try to use it to buy normal services dont worry
Whos to say i didn't swap with someone across boarders first?
Naivety in not knowing what BIS is
Ik about the BIS. People still steal bitcoin and get away with it today is my poiny
But when enforced by law sounds different
You think all nonkyc bitcoin activities will stop? There will be a black market for bitcoin still
It just not realistic for them to enforce even if they theoretical have viability
Wishful thinking bro
They want you to think they are all powerful. Really they just make a spectical out of the low hanging fruit and hope everyone else complies
**visibility. I think a lot of the bitcoin opsec stuff is geared toward high profile targeted individuals. Yes bitcoin is a liability for them. For most though and at scale????
If bitcoin removed any power from system it would be living in the kind of environment that monero and other privacy coins are living
Well I think bitcoin purchased p2p and selfcustodied is still a problem for them.
Also to who owns it, but yeah.
The risks can be mitigated but it's not ideal at all.
It's like putting yourself in a risk position that you don't need to be
I'd be worried about loosing out on bitcoin cycles tbh
how do you loose bitcoin on bitcoin cycles?
I'm saying if i had no bitcoin exposure. What are you meaning?
How do you loose Bitcoin if you dont own none? I cant understand what you are saying here
Your saying i dont need to own bitcoin and risk the surveillance from what i understand. I'm saying I dont wanna miss the 4 year cycle pumps and am willing to manage the risk of owning bitcoin
If you dont want to own bitcoin why would you need it? I own 0 bitcoin, and i don't feel i need it to anything on my life.
Not the risk of surveillance, the risk is if you want to use it in a sovereign way, they will steal it.
I think i'll be able to swap to monero just fine
Maybe no one from monero will want it, maybe..
Yeah i just dont see that happening. I think crypto should be seen as a tool and not a tribal walled garden
The guys have the power to enforce it, the guys show you how they will do it, the guys are not trust worthy, but you still think is not happening?
If i put a gun to your head and said you die or figure out a way to make a private bitcoin transaction you couldn't figure out a way to do it?
No, the only thing i can do is ''wash the history of that'' but private bitcoin transactions can't be done right now and if is im not aware, but you will have a way soon, but that doesn't grant that people will adopt that tool, because as i see bitcoiners think anything that isn't bitcoin is a shitcoin so i don't most will comply. But you will will not be transacting bitcoin, you will move that bitcoin with another coin...
So if i buy bitcoin with cash and then broadcast a transaction over tor what is that?
The transaction is tracked the same, do you call that an anon transaction? I don't
I do call it an anon transaction. How would you deanon me or link me to amy other payment?
But is not because you have non kyc that the transaction is untrackble, you will see the same on blockchain, i think you are a little bit confused here, we are talking about different things, to make bitcoin move untrackble you need to mint it on DarkFI, and then you can transact dBTC in a untrackble way
You think if i make a payment like this on bitcoin im gonna have trouble with the government? Thats the only think i would care about as to anonymity. Ik there are technical differences in how much info im leaking but realistically does the average person need more anonymity that what i discribed ?
Of course you can have, because what you said don't grant you 100% anonimity, but what i explained to you that you can do with darkFI yes, and thats a big difference..
It's not that easy to grant 100% and that doesnt even exists..
The thing is using what have the best odds, why be in the middle?
My reason is i think bitcoin is the shelling point for crypto. Thats why we have the 4 year cycles and ngu.
bitcoin is worthless in the conditions we are talking
doesnt worth nothing i mean
Yeah idk i think if crypto and exchanges where banned bitcoin would be find because there would be no kyc info.
It would be useless the same, why people would choose to use an option that have bigger risks than other options available?
Because of the shelling point. Do you recognize the importance of that?
I cant think of any way you could be deanonomized
Me no, maybe a state can, maybe not, it depends on conditions that you dont control
like what you can do with wBTC on ETH
Bitcoin maxi culture created that walled garden dystopian future, and even when faced with the reallity still ignoring what is rigth in front of their eyes..
I would not even at discount