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What does the banking industry produce?

>First of all, with current parameters that would mean that you need a good few hundred years to process a few seconds of world-wide transactions.

Completely wrong. Go run a testnet yourself and you will see.

>And if the parameters were adjusted such that it would be that easy to mine blocks, bitcoin would become valueless, as everyone with a laptop could produce their own longest blockchain where they have half of all bitcoin.

The difficulty adjusts automatically. The energy usage comes only from the competition aspect - people are competing to earn blocks. You are lacking basic understanding of how PoW functions.

I've also spent an unholy amount of time on youtube but never installed the app. Why watch videos on my phone...

It may be like the recent hacking bill. They talked about it months earlier and 'shelved' it. They let you forgot about it then ram it through parliament in one day. Most people may not even know when it happens

Some people will use it just because it's the default. Apple is paid because of that. So Apple is selling user data, i.e. violating privacy for money

It is indeed opening doors for international cooperation:

>"I think we've started to fill a void, a niche for the Americans to get around a few legal hurdles domestically"

https://www.abc.net.au/news/2021-06-10/nsw-operation-ironsid...

I find it disturbing how little information there is, and that the vaccines are being pushed incredibly strongly despite this. It seems to me that the science is not sufficiently explored.

>The data from this study could not have come out earlier; we needed to wait until there were large enough samples infected with Delta to even know this.

The situation should then be re-evaluated while studies are done

>But this study doesn't imply vaccines are not the right answer. It just says natural infection provides stronger immunity. What it leaves out is the price you pay to achieve natural immunity.

How can people be so sure that they are the right answer? You just admitted that the data is only just coming out to begin to study it. Delta has changed the situation significantly

I logged in to write the same.

I have never installed Discord because its privacy policies are scary

I tried to pay BTC for a very small electronics purchase recently and the payment processor BitPay literally demanded passport information

If there has been enough study to be confident enough to strongly coerce most of the population to get the vaccines, how is it possible that results like this are still coming out and surprising people / creating contention? There are no other studies on this to even compare to?

There is no doubt that society is in a state of hysteria. This reaches through the scientific process too, so there is reason to question everything

It is easier now afaik. Localbitcoins itself is essentially deprecated but there are always alternatives, and a lot more people now than there were in 2013 and so

Info only needs to be involved once. It's a big ask to obtain and dispose of the coins while maintaining anonymity at every step. Buy one item an online store to your IRL address and then it might propagate through all your wallets. It doesn't really need to be KYC, just your name or email or address etc... Even IP address

The title is simply incorrect and clickbait, so it should be changed. I think that is a quite relevant point

It can almost always be easily traced to a particular person. if you're using it, you probably bought it from somewhere and spent it somewhere. Mixers/coinjoins can launder it but it is risk-prone and time-consuming, and a redflag.

Generally true, although there is the exception of Monero

It seems the vaccine does little to prevent vaccinated people from spreading the virus. So what is the point of vaccine passports, is that based on outdated data? Preventing serious injury seems unrelated to this question; it seems the unvaccinated are only putting themselves at risk.

I wouldnt be able to write anything if I worried too much about regretting what I wrote, so I agree

You're right, I forgot about the first paragraph by the end, my bad. Still this is shared and people are reading it, so it is colouring people's view in a disappointing way. Communications have an impact on the world and people should take responsibility for what they say

Pretty low quality article that doesn't consider such things, or the concept of fungibility and private protocols compared to mixing, or the history of how money was always expected to be fungible so this modern culture is unusual, etc... so many things to say, and so few people that are aware

Seems like a propaganda piece since it speaks entirely as mixing=bad. Would ask the author how he would feel about publishing all his bank statements publicly online, and if he would feel safe having address leaked and large crypto holdings that were public

I don't understand how you can look at the mafia, cartels, China and Russia then say that. No matter what you do, there is NO recourse or transparency AT ALL for those corrupt people in power. The little guy is completely powerless. Cash is becoming phased out. Central Bank Digital Currencies are coming. China already shows that the government can cut people off from life and give you time limits to spend your digital money. I find it impossible to understand your point of view

I was replying to "Why would I use a unit of cryptocurrency to pay my rent today, if I think the real value of the cryptocurrency unit will buy even more rent next month?". To be honest I don't understand what you're saying at all, within that context

I do pay my rent with crypto, because I don't have any USD/EUR income and it is less friction for me. Why would I want to go through extra effort to get dollars? Due to my situation I see quite directly that whether individuals choose use it as a payment method has no direct relationship with deflation

>If you only make the minimum necessary transactions then your economy will be of minimum size.

This is completely unrelated to the decision making of individuals

The world isn't only USA. And even those percentages add up to be significant over time. I have known people directly that hold all their savings in cash for decades because they dont understand how to invest. It is catastrophic when you consider compound effects

It's already like that, and it always has been. The most powerful people have immense power because they are inside governments or have corrupted them. At a level below that, they have funds in hidden offshore shell accounts, accounts under other people's names, physical assets.

Further, like encryption, cryptocurrencies are not something that you can ban in an effective way no matter how desperately you want to, so you will just have to deal with it.

The most powerful people will always have privacy and be above laws. The only way you can equalise it is to give some of those abilities to the little people

The issue is that people are forced to hold cash, and this disproportionately impacts the low class that are not financially educated and do not own or understand stocks, bonds, real estate. Inflationary currency is a class warfare attack on the poor. Stocks, bonds, real estate are not a potential replacement to fix this malicious situation because they are not suitable for transactions. It also allows creep into many metrics such as minimum wage which are not fairly adjusted.

https://wtfhappenedin1971.com/

This is a completely invalid argument. You have no choice but to pay rent. If there is an asset that goes up in value, you will want to store your wealth in it. if you can directly pay with something that is also a good store of value, then for the individual that is simply the superior choice.

>Using cryptocurrency to transact every day items is directly contrary to the “HODL” culture around cryptocurrency that exists today. It works in society like an investment, not a currency.

That is due to other factors, not deflation. Not many people accept payment, people are forced to hold dollars, paid in dollars and there is friction when converting. Bad money gets spent first (Gresham's law). If you have dollars from your job anyway and your risk profile is to hold some % in crypto, then of course it doesnt make sense to spend your investment which would need to rebuy to rebalance your portfolio.

The deflation problem that you imagine doesn't exist. There are other more worthwhile arguments against deflation but you didn't use them

>The question is how you peg something to the USD without a centralized party that can lock your funds.

It is impossible, it has nothing to do with "gamblers". Speculators are actually what keeps the price more stable by providing liquidity

No matter how much you hate cryptocurrencies, I don't know how you can't think about CBDC and realise there is a need for Monero. Cash can be even more restricted and phased out, so people will need anonymous digital transactions. It is incredible that so few people see this

>Best not to let strangers know your worth

Bitcoin has no privacy by default, so that's not going to work unless people never transact

Yes it is a disaster: https://ibb.co/TP5WjDY